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Property-casualty insurance industry net income for the first half of this year hit a record $32.6 billion, but price decreases are beginning to show signs of affecting its future strength, two industry groups reported today.

The findings were made by the Jersey City, N.J.-based Insurance Services Office and the Property Casualty Insurers Association of America in Des Plaines, Ill., based on results from at least 96 percent of U.S. p-c insurers for all business.

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