2011 9-Month Results Show Weakening Underwriting Performance

The U.S. P&C insurance industry saw its net income after taxes fall to just under $8 billion for January through September 2011—compared to net income of just over $27 billion for the same period in 2010, according to a report by ISO, the Property Casualty Insurers Association of America (PCI) and the Insurance Information Institute (I.I.I.).

“The [P&C] insurance industry turned in a relatively weak performance during the first nine months,” I.I.I. President Robert Hartwig said in a commentary on the results.

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