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08.26.2009

rookietrucker rookietrucker is offline

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Transportation insurance market remains soft

Survey: Transportation insurance market remains soft

Quote:

WOODBRIDGE, N.J. — NIP Group Inc. has published the results of the Transportation Insurance Pricing Survey (TIPS) for the second quarter of 2009.

Current TIPS results indicate that rate decreases are moderating and are down on average between 1-10 percent. In addition, more participants have reported modest rate increases across many segments, account sizes and lines of coverage during the second quarter of 2009.

New entrants are also gaining market share as established transportation underwriters are holding the line on rates and are less likely to lower rates appreciably below expiring levels.

more here>> Transportation insurance market remains soft

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