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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. more

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