The overall composite rate for U.S. property and casualty in April was down 4 percent, unchanged from the previous month, according to Dallas-based MarketScout's latest "Market Barometer."
Richard Kerr, CEO of MarketScout, says in a statement: "There were no surprising results in April. The market continues to moderate. Were it not for the discounts which provided large-account business, rates would have been down 3 percent for April."
By industry class, manufacturing rates declined the most, coming in at minus-5 percent, followed by the contracting class at minus-4 percent. Rates declined by 3 percent for energy, 2 percent for service and transportation, and 1 percent for habitational and public entities.
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