Filed Under:Risk Management, Corporate Risk

U.S. P&C 2011 9 Mo. Net Income Drops Sharply; Combined Ratio Worst Since 2001

NU Online News Service, Jan. 2, 12:43 p.m. EST

The U.S. property and casualty insurance industry saw its net income after taxes fall to just under $8 billion for the first nine months of 2011, compared to net income just over $27 billion for the same period in 2010, according to a report by ISO, the Property Casualty Insurers Association of America and the Insurance Information Institute.

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