Read 'Em & Weep–Expect '01 Net Loss
There is little doubt that the property-casualty insuranceindustry will report a full-year net loss for 2001.
With a nine-month loss of $3.1 billion–and fourth-quarter core(non-catastrophe) results seemingly worse than those reported inthe third quarter for many companies–the only question now seems tobe what the dollar figure will be when the Jersey City-basedInsurance Services Offices and the National Association ofIndependent Insurers in Des Plaines, Ill., officially release theindustrywide results for the year.
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