The Compliance Department
P/C insurance suffers worst underwriting loss since 2006Posted by RJ and Makay on Feb 07, 2012 |
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The U.S. property casualty (PC) insurance industry in 2011 reported its largest underwriting loss since 2006, according to insurance ratings agency A.M. Best. The industry’s operating performance sharply deteriorated during last year as catastrophe-related losses mounted throughout the year. Catastrophe events both here and abroad more than doubled the loss amount reported for 2010, A.M. Best said.
