A rapidly hardening property insurance market in the first half of the year slowed down a little bit in the third quarter, according to insurance broker Aon (AOC). Property rates increased 4% to 5% on average, with some corners of the market surging more than 20%, during the first half 2009. In the third quarter, rates were up an average of only 0.2%.
Low levels of insured loss have contributed to strong profits for property carriers, and the industry's surplus is up $463 billion -- all of which means there is little reason to pump up insurance rates. Rates should remain stable for the rest of the year.
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Are you meticulous about closing out old bank accounts? Diligent about reclaiming utility deposits? Always cash your refund checks promptly? Sorry, this post probably isn't for you -- for once, the hopelessly complacent among us are more likely to come out on top (finally!).

