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Article: Fourth Quarter RIMS Benchmark Survey(TM) Results Report Soft Commercial Lines Insurance Market Gains Momentum.
- Article from:
- Business Wire
- Article date:
- January 14, 2008
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Sharply Falling D&O Liability Average Premiums Lead the Market Down
NEW YORK -- Commercial lines insurance premiums continued to tumble during the fourth quarter of 2007, according to the RIMS Benchmark Survey[TM], the industry's leading survey of policy renewal prices as reported by corporate risk managers.
Despite concerns about losses arising from the continuing crisis in the subprime mortgage market, the average directors and officers liability (D&O) premium fell 11 percent in the fourth quarter, far outstripping decreases in other lines of business tracked by Advisen for the RIMS Benchmark Survey[TM]. While posting more modest decreases, the ...