Despite an impressive underwriting performance in the first half of 2006, the insurance industry faces a number of red flags in the coming months, warns one expert.
Robert Hartwig, chief economist for the Insurance Information Institute, said that sluggish premium growth in the first six months of the year, as well as new capital accumulation, remain dangers for an industry seeking to stay strong through 2007.
The Insurance Services Office and the Property Casualty Insurers Association of America reported Monday net income for the first six months fell 9.3 percent, or $2.9 billion, compared to the same 2005 period, primarily due to investment losses.
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