business insurance
No need to worry about inflation in P&CPosted by RJ and Makay on Mar 07, 2011 |
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Inflation is occurring in some industries, but not property-casualty. The composite rate for P&C insurance dropped 5% in February — the fourth straight month of 5% declines in the P&C market, reports MarketScout.
The market seems “stuck,” says MarketScout CEO Richard Kerr. “The rates by industry, coverage, or account size change a bit each month but generally all categories are staying in the same range of premium reductions.”
