Survey: P&C market remains softNews added by ProWEB Media on July 23, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

According to a survey released by the Risk & Insurance Management Society Inc. (RIMS), the property/casualty market remained soft through the second quarter of 2010.

The "RIMS Benchmark Survey" found that average renewal premium fell between 2.5 percent and 3.8 percent for property, general liability, directors and officers liability and workers compensation insurance.

The survey is based on information provided by risk managers, and found that the greatest quarterly decline came in workers compensation, which fell 3.8 percent, followed by D&O, at 3.5 percent. Meanwhile, general liability saw the smallest decrease, at 2.5 percent.
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