TOP 10 P&C INSURANCE STORIES OF 2005
Broker fee probes, WTC trials, grand slam of hurricanes dominate the headlines
It was all going so well, with 2005 shaping up to be a banner year for property-casualty insurance carriers.
Through June 30, the industry posted a record high $23.5 billion in net income, fueled in part by a rare net underwriting gain of $9.0 billion. Surplus was up 6.8 percent. The combined ratio had fallen to a relatively stellar 94.4, putting insurers on track to post their best underwriting performance since the early 1950s.
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