Insurers cut rates

A recent report has found that insurers in the commercial property market are cutting their rates as extra capacity entered the market in 2004 through established and new players. The report by Research and Markets found that rates dropped by an average of 3% over the whole year as the last half of 2004 was characterised by clear price cutting. The report surveyed 168 UK-based small and medium sized businesses, for information visit: www.researchandmarkets.com.reports/c21813.