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Forecast: Insurance prices to slip


Published : Thu, 15 Nov 2007 21:23
By : Agencies
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WASHINGTON (AP) - Prices for many kinds of insurance policies will continue to fall next year, an insurance consulting firm projected on Thursday.

Watson Wyatt Worldwide said premiums for casualty insurance may decline 5 percent to 10 percent in 2008. Prices for property insurance will be mostly flat, with some declines.

Insurance premiums have been slipping for a few years as competition forces carriers to cut prices to retain business, the firm said.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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