In industry news:

Global insurance rate decreases moderated for the fifth consecutive quarter, according to new numbers from Marsh L.L.C., down 2.3 percent in the first quarter of 2017 compared with the previous quarter’s 3.1 percent. Marsh’s Global Insurance Market Index said the first quarter of 2017 saw decreases diminish worldwide across property/casualty, financial and professional lines.

Read more via Business Insurance here.

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