P/C Insurers’ Underwriting Loss Worsened in First Half

Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an underwriting loss of approximately $2.3 billion and a 3.5 percent decline year-over-year in net …

from News – Insurance Journal http://ift.tt/2cod7IE
via IFTTT