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Insurance Premiums Fall Again

Forecasts for severe hurricance season could point to an end to the soft market.

By staff Writer | Updated on May 01, 2010

The cost of commercial insurance coverage continued to soften during the first quarter, according to a couple of recent surveys. Premiums fell for every type of insurance tracked in the benchmark survey conducted by the Risk and Insurance Management Society (RIMS) and Advisen, with the average property premium down 2.9% and the average liability premium off 4.4%. Even directors and officers liability coverage, which inched up last year, was off 1.1%.

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