The year got off to another slow start for property and casualty carriers, as MarketScout's monthly "Barometer" survey found U.S. commercial insurance pricing still soft, with premiums down an average of 4 percent in January.
That matches the average price cut for December 2009.
"The current soft market cycle seems to have no end," according to a statement from Richard Kerr, chief executive officer of MarketScout, an electronic insurance exchange based in Dallas.
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