The property-casualty insurance industry should once again show solid profits this year, but there are signs that underwriting gains are beginning to deteriorate, according to the latest survey of industry-wide results.
The figures were gathered by ISO and the Property Casualty Insurers Association of America and are consolidated estimates representing 96 percent of all business written by private U.S. p-c insurers.
Through the first nine months of 2007, p-c industry net income after taxes rose more than 7 percent compared to the same period for 2006, from $46.1 billion to $49.4 billion, according to the report.
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