The U.S. property-casualty industry's first-quarter performance set a record, said the Insurance Services Office Inc., but increased competition is creating strains on the industry.
The Jersey City, N.J.-based ISO reported the combined ratio improved from 93.3 percent in the first quarter of 2004 to 91.9 percent, calling it "the best for any quarter."
ISO based its analysis on records going back to 1986.
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