Market Barometer - April 2009

P&C COMPOSITE RATE HOLDS STEADY

The April 2009 composite rate for property and casualty coverages in the United States was down 7%. MarketScout CEO, Richard Kerr, profiled the April results: “Rates were unchanged in all segments except the following: Workers’ Compensation rates decreased 8% while D&O, EPLI, Fiduciary and Crime rates all increased slightly. By industry group, Public Entity, Energy and Habitational rates were higher.”

MarketScout corroborates its data by working with The National Alliance for Insurance Education and Research to conduct in-person surveys. These surveys are conducted every month during CIC, CRM and other advanced learning sessions where the participants are relaxed and have ample time to thoroughly complete the survey.

A summary of rates for each coverage and industry class as well as by account size is available each month at www.marketscout.com. For April 2009, the rates were as follows:

MarketScout

The barometer is compiled by MarketScout, a Dallas, Texas based electronic insurance exchange which underwrites and distributes hundreds of product lines to its over 35,000-member agency network across the United States. Over 50 "A" rated carriers participate in the MarketScout exchange platform at www.marketscout.com.