Property insurance premiums falling says study
Commercial insurance buyers say the cost of property insurance fell 8.8% in the fourth quarter of 2003 marking the first decline in premium prices in any major line of commercial insurance in nearly four years, according to the North American Risk and Insurance Managers Society Benchmark Survey, an industry survey of market conditions released today.
Risk managers also said that, while still experiencing some price inflation, other commercial insurance products' price increases were either significantly lower than in the third quarter or thoseOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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