The top 100 property-casualty insurers' financial results reveals the lowest net income levels in seven years, and a 67.7 percent drop from 2007, according to the first compilation of the sector's 2008 data by Highline Data.
Cambridge, Mass.-based Highline Data, a data affiliate of National Underwriter, said net income for the nation's top 100 p-c insurers was just $15.8 billion in 2008, compared to $48.8 billion in 2007.
The last time top p-c insurers reported an annual net income drop of this magnitude was in 2001, when losses from the 9/11 attacks impacted results, Highline Data said.
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