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Towers Perrin: P-C Surplus Could Drop $42B In 3Q

Towers Perrin said the fall of comes because insurers have been hit by equity and credit-related losses on asset portfolios, hurricane catastrophe losses and a spike in directors and officers liabilit

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The U.S. property-casualty industry’s third quarter statutory surplus is projected to decline as much as $42 billion, or 8 percent, from the beginning of the year, a consulting firm estimated.

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