P&C Results Improve, But Hard Market Shows Its Age
The U.S. property-casualty insurance sector enjoyed a strong rebound in the first nine months of 2003, but slowing growth in premiums and the possibility of further reserve additions could hamper the industrys financial recovery in the year ahead, leading officials warn.
To be sure, the p-c industry enjoyed significant improvements during 2003s first three quarters, with growing premiums and better underwriting fundamentals, a report by the Insurance Services Office Inc. and the National Association of Independent Insurers revealed.
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