Total Cost of Risk Continues Downward Trend, RIMS Survey Finds
Wednesday, May 2nd, 2007 PropertyThe commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and Insurance Management Society (RIMS). The average total cost of risk fell by 9.2 percent for all survey participants, though there was wide variation by industry.
External References & Further Reading
http://www.insurancejournal.com/news/national/2007/05/02/79152.htm
