P-C Sector Sees Underwriting Profit, Higher Net In '04

By Michael Ha

NU Online News Service, April 12, 4:22 p.m.EDT?The U.S. property-casualty insurance sector,buttressed by its first annual underwriting profit in 26 years,recorded 29 percent higher net profit and a record surplus level in2004, according to the latest data from two industrygroups.[@@]

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