With capacity high, commercial insurance buyers saw premium prices continue to tumble in the fourth quarter of 2009, with few signs that the soft market cycle is nearing an end, according to the RIMS Benchmark Survey.
Directors and officers liability, general liability and workers' compensation all posted decreases in average premium, while property once again held steady, according to the survey, administered by Advisen Ltd., which tracks changes in insurance policy renewal prices as reported by North American corporate risk managers.
"Things are pretty much in line with what we've been seeing for the past few quarters," Dave Bradford, executive vice president of Advisen and editor-in-chief of the survey, told National Underwriter.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
