A report released on Friday found that U.S. property and casualty insurance rates fell 4% in January, in one of the first pieces of evidence this year that rate softening is continuing in 2016.
The report from MarketScout, an insurance distribution and underwriting company headquartered in Dallas, said that rates for workers’ compensation insurance fell 3% in January. Rates fell in all classes of coverage in the MarketScout survey except commercial auto, crime and EPLI, for which rates were flat.
Commercial property saw the largest rate decrease in the survey, at 5%, indicati...
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