Commercial property/casualty premiums continued a downward slide during the third quarter of 2008, but there were suggestions the market decline may have leveled off, at least between July and September, for small and mid-sized accounts, according to commercial insurance brokers.
The latest Commercial P/C Market Index Survey by The Council of Insurance Agents & Brokers (CIAB), which was taken at the beginning of October, does not show the full impact of the financial crisis and the near collapse of insurance giant AIG, so the fourth quarter may tell a different story.