NU Online News Service, May 24, 2:59 p.m. EDT
The commercial transportation insurance market is far from hard and in some segments--like charter buses and ambulances--first-quarter 2010 prices were lower than they were last year, according to a just-published survey of market participants.
The first-quarter survey is from NIP Group, a Woodbridge, N.J.-based wholesale broker and program manager, and is known as TIPS, an acronym for Transportation Insurance Pricing Survey. The study tallies responses to questions about market condition from leading transportation insurance brokers, wholesalers and underwriters representing thousands of account placements, NIP said.
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