NU Online News Service, March 9, 3:25 p.m. EST
Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, provided they can show they are a good risk, according to a report released by insurance broker Marsh.
In the firm's latest Marine Market Monitor report, research also shows that marine insurance rates fell in 2010, driven predominantly by abundant capacity, light claims experience and the slowdown in world trade.
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