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MarketScout Barometer Holds Steady At Minus-5%

MarketScout's barometer of U.S. property and casualty market shows minus-5 percent composite rate for the fourth straight month, with general liability still the most aggressively priced coverage.

By Mark E. Ruquet | Updated on March 07, 2011

The soft market continues unabated, but at least it is showing some indication of stabilizing itself as a monthly composite barometer of rates holds steady for a fourth month at minus-5 percent.

“It seems the market is stuck at minus-5 percent on a composite basis,” said Richard Kerr, chief executive officer of Dallas-based MarketScout, an insurance exchange that produces a monthly report. “The rates by industry, coverage or account size change a bit each month, but generally all categories are staying in the same range of premium reductions.”

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