2004 Surplus Gain Should Hit Double-Digits Hurricanes, tsunami losses offset by strong underwriting results, stock market surge

Despite Floridas barrage of hurricanes in the third quarter of 2004 and the catastrophic Asian tsunamis just before year-end, the U.S. property-casualty industry will probably post a surplus increase of 10 percent or more for the year.

This is the conclusion of TIARAs third-quarter 2004 survey of the 100 largest U.S. p-c insurers (ranked by invested assets).

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