PC First Half, 'Good, Bad and Ugly'
NU Online News Service, Sept. 26, 10:13 a.m. EST?The U.S. property and casualty industry's net income after taxes rose 66.4 percent in first-half 2002, even as net worth of the firms was sagging, according to a study by two insurer groups.
Insurance Services Office Inc. in Jersey City, N.J., and the National Association of Independent Insurers in Des Plaines, Ill., reported net income for the sector increased to $4.6 billion from $2.8 billion in first-half 2001, primarily because of improved underwriting results.
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