US commercial P&C rate declines narrow in Q1: CIAB

US commercial P&C rates continued to decrease in Q1 2017,
although the pace of decline decelerated significantly from a year
earlier, according to the Council of Insurance Agents and Brokers
(CIAB).
In its latest pricing survey, the CIAB said average rates dipped
by 2.5 percent in the three months to 31 March 2017, compared with
a 3.7 percent fall in the prior-year quarter. The period also
marked the ninth consecutive quarter of softening.
Rates on medium-sized accounts declined by 2.4...