Recent commercial-lines reports point to a slowing of the prolonged soft market, but experts are hesitant to declare the onset of a hard market or even to guess whether the price stabilization will last.
The Council of Insurance Agents and Brokers' quarterly market-survey report of insurance-broker members states that soft-market rate declines are beginning to ease as some lines are exhibiting signs of flattening or modestly increasing.
The Council says 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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