Best: P-C Insurers Show Improved Result In '03

NU Online News Service, Sept. 15, 3:55 p.m. EDT?The U.S. property-casualty industry reported "strong premium growth and considerably improved underwriting results" in the first half of the year, but the staying power for these improvements remains in question, an A.M. Best study finds.

Best's report on the p-c industry's half-year results this week warned that even with strong results, insurers are still toiling their way out of "a decade of soft pricing, accelerating loss-cost trends and a multiple-year capital-market quandary."

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