Study: P-C Market Combined Ratio Level Improves
NU Online News Service, July 30, 4:22 p.m. EDT?A report on the insurance market finds that the industry results improved in 2003 with the combined ratio being cut by more than 6 points to 101.1.[@@]
The report, published by Chicago-based insurance broker Aon Corp., said the industry combined ratio dropped from 107.4 percent in 2002 to 101.1 percent in 2003. Commercial risk combined ratio dropped from 107.7 percent to 103.6 percent.
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