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Industry to Report 2005 Profit Increase, but ...

Claims News Service, April 10, 4:43 p.m. EST -- Preliminary financial results compiled by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) indicate

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Claims News Service, April 10, 4:43 p.m. EST — Preliminary financial results compiled by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) indicate that the property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005. Insurers achieved these results despite catastrophe losses totaling a record $57.7 billion before reinsurance recoveries, according to ISO’s Property Claims Services unit.

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