2002 Was Good, Bad & Ugly

This edition marks the end of another difficult year for bothsellers and buyers of insurance, although the news wasn't allbad.

For insurers, the good news is that net written premiums rose13.6 percent through three quarters, while catastrophe claims andthe net underwriting loss fell dramatically, dropping the combinedratio from 114.4 to 104.9. Net income hit $9.3 billion, compared toa $2.6 billion loss at this time last year.

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