NU Online News Service, Aug. 27, 3:30 p.m. EDT
Premiums for commercial transportation insurance business continued falling for almost all types of accounts in the second quarter of 2010, but the number of insurers writing transportation business rose, according to a recent survey of market participants.
The second-quarter survey from NIP Group, a Woodbridge, N.J.-based wholesale broker and program manager, known as TIPS–an acronym for Transportation Insurance Pricing Survey–tallies the responses to questions about market conditions from leading transportation insurance brokers, wholesalers and underwriters representing thousands of account placements, NIP says.
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