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A.M. Best: Canadian P-C Sector Profits Fall

Return on equity dropped from 17.1 percent in 2006 to 15 percent in 2007, and net underwriting income dropped 18.1 percent to C$2.3 billion (U.S. $2.2 billion) in 2007. The combined ratio climbed from

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The property-casualty sector for Canada, while stable, continues to suffer through a soft market, as prices and profits continue to fall, according to A.M. Best.

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