Auto Trends Drive Industry Profit In 2004All p-c insurance lines except homeowners reported improvedloss ratios
Fewer accidents on Americas roadways were a key factor drivingthe first full-year underwriting profit in decades for theproperty-casualty industry in 2004.
According to initial, unconsolidated regulatory filingspublished online in Highline Datas Insurance Analyst PRO data base,the net industry combined ratio for 2004 was 98, compared to justover 100 in 2003. (Highline Data is the data affiliate of HighlineMedia, the parent company of this magazine.) The 2004 underwritingprofit is the first since 1978, according to the New York-basedInsurance Information Institute.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
