NU Online News Service, May 4, 3:30 p.m. EDT
Soft-market rate declines are beginning to ease, as some lines are exhibiting signs of flattening or modestly increasing, says The Council of Insurance Agents & Brokers.
The Council released its quarterly market survey report of insurance broker members, which states that the average rate of decline for commercial-lines renewal pricing was 2.9 percent during the 2011 first quarter, compared to a rate of decline of 5.4 percent in the 2010 fourth quarter.
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