US P/C market premiums down, claims CIAB survey
More than 80 percent of small and large commercial property/casualty accounts and 90 percent of medium accounts found their insurance premiums either stable or down by as much as 20 percent during the fourth quarter of 2004, according to survey data released by the Council of Insurance Agents & Brokers (CIAB).
CIAB’s quarterly Commercial Market Index Survey showed a significant softening in pricing during the period between 1 October and 31 December 2004.The survey showed that 30 percent of small accounts
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