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Competition for new business defined Q4: CIAB
22 January 2010
Low demand continued to put pressure on US rates as carriers competed for new business, according to The Council of Insurance Agents & Brokers’ quarterly Commercial P/C Market Index Survey.
Low demand continued to put pressure on US rates as carriers competed for new business, according to The Council of Insurance Agents & Brokers’ quarterly Commercial P/C Market Index Survey.
Commercial property/casualty premium rates fell at a 6% in the fourth quarter 2009 which was the same rate as the third quarter of 2009.
“Tough competition for new business...
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