Disaster losses, reserve charges, price pressure might make boom short-lived
The property-casualty insurance industry didn't just experience its best first-quarter underwriting result on record in 2005. The 91.9 first-quarter combined ratio was the best result for any quarter, period, according to the record-keepers.
In a joint announcement last week, the Jersey City-based Insurance Services Office and the Property Casualty Insurers Association of America in Des Plaines, Ill., noted that their quarterly records only go back to 1986. Still, the result was one to savor and piggybacks on another record set in 2004, when the full-year combined ratio of 98.1 was the lowest since 1978.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
