US P&C stuck in soft market
Pricing in the US property and casualty insurance industry is continuing to soften, according to MarketScout's latest survey of rates.
The researchers' composite index, which covers all classes of business, showed a 3 percent year-on-year rate decrease in June.
Richard Kerr, founding CEO of MarketScout, said that it appears that the US property and casualty market is stuck half way through 2010 in a "moderating but continuing" soft market.
"A good measurement of market position for the balance of this...
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