Brokers See Continuing Hard Market

More than two-thirds of the small and medium-sized commercial property/casualty accounts and 59 percent of the large accounts experienced premium increases between 10 and 30 percent during the last three months of 2002, according to a survey of the nation's leading insurance brokers. The fourth quarter 2002 commercial market index released yesterday by The Council of Insurance Agents & Brokers shows that the commercial property/casualty insurance premiums, although moderating somewhat compared with earlier survey results, were continuing to march upward. The survey is based on responses from ...