2004 Surplus Gain Should Hit Double-DigitsHurricanes, tsunami losses offset by strong underwritingresults, stock market surge
Despite Floridas barrage of hurricanes in the third quarter of2004 and the catastrophic Asian tsunamis just before year-end, theU.S. property-casualty industry will probably post a surplusincrease of 10 percent or more for the year.
This is the conclusion of TIARAs third-quarter 2004 survey ofthe 100 largest U.S. p-c insurers (ranked by invested assets).
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