NU Online News Service, Jan.5, 2:39 p.m. EST
The head of MarketScout, the electronic insurance exchange, said the firm's composite rate index for property and casualty insurance was down 4 percent at the close of calendar-year 2009, but he predicted an upswing for this year.
The Dallas-based firm said an anticipated return to rate increases failed to materialize. It noted that 2009 began with composite rate reductions of minus 9 percent and had slowly moderated throughout the year to close at minus 4.
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