July 15th, 2008

Chart: Property & Casualty Renewals at July 1, 2008

Posted at 4:17 PM ET

Quotes and firm order terms (FOTs) were down relative to July 1, 2007 renewals. Both lower and higher layers sustained double-digit declines. FOTs for the former were down 15 percent to 20 percent year-over-year, while lower layers were off 10 percent to 15 percent.

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