Commercial insurance premiums continued their decline in all but catastrophe-exposed areas
during the fourth quarter of 2006, with insurers willing to lower prices and place fewer restrictions on coverage to get new business, according to the latest market survey by The Council of Insurance Agents & Brokers.
"There is no underwriting," a broker from the Midwest responded when asked for general market observations.
Although most agents and brokers did not go that far in describing the market, they did report a definite softening, with insurers offering better and broader terms and lo...
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