I.I.I. Forecast: P-C Combined Ratio 99 In '05
NU Online News Service, Nov. 19, 3:07 p.m. EST?In 2005 the property-casualty insurance sector will realize its first underwriting profit since 1978 even as the industry-wide net written premium growth slows to 3.4 percent, the Insurance Information Institute said. [@@]
According to I.I.I.'s "Early Bird Forecast," the industry's combined ratio is projected to be 99, down from the 100 estimated for 2004 and the 100.1 recorded in 2003.
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