P-C Results Improve, Hurdles Remain

The U.S. property-casualty industry reported strong premium growth and improved underwriting results in the first half of 2003, but there are a number of challenges insurers will still face during the remainder of the year, including insured losses from Hurricane Isabel, according to a ratings agency.

"The overall result for 2003 will still be an improvement over the last year, but its probably not going to be as good as it looks now," predicted Karen Horvath, analyst at A.M. Best Company

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