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Commercial Insurance Premiums Steady

Decline in D&O costs is the only big change in Q2, RIMS reports.

Three of the four insurance lines tracked by the Risk & Insurance Management Society’s Benchmark Survey showed little change in the second quarter, suggesting the steady decline in insurance premiums seen in recent years may be nearing an end, RIMs says.

According to the survey, which is conducted by Advisen, the cost of renewing general liability, property and workers compensation policies all declined by less than 1% in the second quarter, while the cost of directors and officers liability coverage fell 4.5%.

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