MarketScout: Rates lower but turnaround near

Via Business Insurance:

Yeah, rates are down 5% overall, says MarketScout, with GL falling 6% and commercial property down 5%. But workers comp, professional liability, commercial auto and surety only fell 1%.

But rates will flatten in early 2011, the organization predicts, and by year end, “the longest soft market period in the last 70 years will finally come to a close.”

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