EXPECTATION OF RATE IMPROVEMENT WARMS RETAIL MARKET
Company Removed, Company Removed, Company Removed, Company Removed and Company Removed anticipate an improvement in rates for retail P&C with moves aimed at writing more small to medium retail accounts now that rates seem to be on the verge of stabilizing. It’s not so much that rates are improving; they’re just not dropping as fast. Retail P&C rates were down 3 percent in May, a move in the right direction after April’s 4 percent slide. A year ago rates were down an average of 7 percent in May.
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