US commercial P&C rates down 3.9% in Q2: CIAB

Softening of US commercial P&C rates accelerated in the
second quarter as carriers aggressively priced renewals to prevent
them being taken to market, according to the latest survey results
from the Council of Insurance Agents & Brokers (CIAB).
The trade body said that rates decreased across all sized
accounts by an average of 3.9 percent, compared to falls of 3.7
percent in Q1.
The quarter continued the downward trend that has dominated the
sector, with softening evident right through 2