|
|
Article: RIMS Survey Shows Soft Market Proving Stubborn; Commercial Insurance Prices Stagnate, Lacking Catalyst for New Direction; Some Lines Show Firming, But Traditional Indicators of Market Shifts Give Contradictory Messages.
- Article from:
- Business Wire
- Article date:
- August 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Premiums in the commercial insurance industry continued along the path of an 18-month long down market, according to the RIMS Benchmark Survey(TM), the industry's only comprehensive survey of current policy renewal prices as reported by corporate risk managers. However, mixed signals from the market suggest that it may be poised for a change.
Renewal prices stabilized, or even slightly increased, for some lines of business, but some leading indicators of market direction signaled further declines. For example, general liability, a line typically responsive to changing market conditions, showed clear signs of firming, while property, often a leading ...