A.M. Best Co. rating service said it is increasing its combined ratio loss estimate for the property-casualty industry by close to five points from its projection at the beginning of the year, pushing it over 100.

The Oldwick, N.J.-based firm said its 2008 estimate for the overall industry rises from a just profitable January projection of 98.6 to 103.2. Best said the forecast covers personal lines, commercial lines and the U.S. reinsurance segment.

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