US P&C rates fall 5% in December
Rates for US property and casualty insurance fell by 5 percent in December, according to the latest market barometer from Marketscout.
But the market intelligence company held out the prospect of a rapid re-rating, with the soft market coming to an end within six-to-nine months.
General liability and commercial property were the weakest lines with rate decreases of 6 percent and 5 percent respectively.
Other significant falls were registered in business interruption cover (down 3 percent), business owners' policies (down...
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