NU Online News Service, July 22, 11:28 a.m. EDT

A report from an insurance marketing and risk management consulting firm observed that, save for the mortgage and financial guaranty market, first-quarter earnings for the property and casualty industry weren't as bleak as expected.

Garden City, N.Y.-based CR Marketing Strategies examined the financial results released by the Insurance Services Office with the mortgage and financial guaranty results removed.

The mortgage and financial guaranty market is dominated by only a select few participants who have had little impact on the p&c data until recently, CR said.

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