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P-C Insurers Report First-Quarter Income Dip

The U.S. property-casualty insurance industry's net income after taxes dipped 5.5 percent in the first quarter compared to the same period last year, according to Insurance Services Office and the Pro

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The U.S. property-casualty insurance industry’s net income after taxes dipped 5.5 percent in the first quarter compared to the same period last year, according to Insurance Services Office and the Property Casualty Insurers Association of America (PCI).

The industry reported $15.8 billion income in the quarter compared with $16.7 last year and $17.7 billion in the same 2005 period.

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