A near two year trend of diminishing rate reductions for U.S. property/casualty insurance placements has been reversed, according to latest rate surveys from online insurance exchange MarketScout and the Council of Insurance Agents and Brokers (CIAB). MarketScout reported the average property/casualty rate decrease was 5 percent in October, reversing a 21 month trend of moderating rate declines that went from a decrease of 15 percent in January 2008 to a decline of 4 percent in October 2009. MarketScout said the October rate reversal does not bode well for those looking forward to the end of the soft market. Meanwhile, the CIABÃ¢â‚¬â„¢s latest quarterly Commercial P/C Market Index Survey indicates rates on average declined 6 percent during the third quarter of 2009, compared with 5 percent in the second quarter. Ã¢â‚¬Å“A significant upward turn in pricing remains elusive for the foreseeable future,Ã¢â‚¬ said Council President Ken Crerar. On average, large accounts (>$100K Comm. and fees) declined 7.4 percent compared with the second quarter decline of 6.7 percent. Midsize accounts ($25K-$100K) dropped on average 6.5 percent, compared to the second quarter decline of 5.7 percent. The rate of decline for small accounts (<$25K) was 3.6 percent versus 2.5 percent in the second quarter, CIAB said. Check out I.I.I. information on the industryÃ¢â‚¬â„¢s financial results and market conditions.