U.S. P/C Industry Registers First-Half Underwriting Profit
Publication Date: October 10, 2006
Advisen -- Insurance Market
Source: BestWire Services
"The U.S. property/casualty industry recorded an underwriting profit of $15.1 billion during the first six months of 2006, a 31.8% increase from the first six months of 2005. Despite continued price softening, the improvement in the industry's results was attributable largely to a moderately light period of catastrophe losses, loss frequency trends and favorable loss-reserve development through the first six months of the year, according to a special report from A.M. Best Co..."
Advisen -- Insurance Market
Source: BestWire Services
"The U.S. property/casualty industry recorded an underwriting profit of $15.1 billion during the first six months of 2006, a 31.8% increase from the first six months of 2005. Despite continued price softening, the improvement in the industry's results was attributable largely to a moderately light period of catastrophe losses, loss frequency trends and favorable loss-reserve development through the first six months of the year, according to a special report from A.M. Best Co..."
posted by AVRECO at 3:34 PM
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