Catastrophes, weak investments weigh on U.S. property/casualty industry: Best

Tuesday, February 7th, 2012 Catastrophe Liability Property

An unprecedented number of natural catastrophes, weak investment returns and a generally sour economy severely impaired operating performance and growth for the commercial insurance and reinsurance segment of the U.S. property/casualty insurance industry in 2011, A.M. Best Co. Inc. said in a report released Monday.
Commercial property/casualty underwriters experienced an estimated $15.2 billion in underwriting losses in last year, the Oldwick, N.J.-based rating agency said, pushing the segment’s combined ratio to an estimated 108.2% last year from 102.7% a year earlier.


External References & Further Reading
http://www.businessinsurance.com/article/20120206/NEWS04/120209923
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