Conning: Poor Investments Dim P-C Outlook
NU Online News Service, June 3, 9:53 a.m. EDT?Despite rate increases, property-casualty insurers will not see any "dramatic improvement" in their financial results this year or in 2004, partly because of poor investment yields and potential reserve boosts, according to a Conning Research & Consulting Inc. study.
Michael Weinstein, Director of Research at New York-based Conning, said that benefits of rate increases have mostly been offset by the industry's declining investment income.
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