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P-C Profits Continue To Roll In, Says Best

The U.S. property-casualty insurance industry saw net income increase 4.4 percent in the first nine months of 2007 as underwriting profits and investment returns withstood increasing competition, said

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The U.S. property-casualty insurance industry saw net income increase 4.4 percent in the first nine months of 2007 as underwriting profits and investment returns withstood increasing competition, said A.M. Best Co. rating firm.

Oldwick, N.J.-based Best reported that insurers are on course to report only their third underwriting profit since 1978.

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