Market firming more slowly
Prices in the commercial property/casualty market continued firming in the third quarter of 2012, albeit at a slightly slower pace than in prior quarters this year, according to the Council of Insurance Agents & Brokers. The Washington-based Council’s quarterly Commercial P/C Market Index Survey, released Thursday, indicates that pricing across small, midsize and large commercial accounts rose by an average of 3.9% from July to September. The rate of growth was slightly lower than the 4.4% and 4.3% average increases recorded in the first and second quarters of the year, respectively. The following slides show the rate of change by line in the third quarter of 2012.