Insurance Rates Continue to Soften
from PIA Western Alliance
The report is
Advisen's RIMS Benchmark Survey for 2018
. It says business insurance premiums are continuing to be soft. Only cyber insurance is seeing an increase you could call significant. Advisen said in spite of record-breaking natural disasters and catastrophes, the average cost of risk (TCOR) fell 3% in 2017. It adds to three previous years to total four and dropped from $10.07 per $1,000 of revenue in 2016 to $9.75 per $1,000 of revenue last year.
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