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P&C Industry Back In The Black Thanks To $10B Swing In Net Income

The U.S. property and casualty insurance industry swung back into the black in the first quarter.

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The U.S. property and casualty insurance industry swung back into the black in the first quarter, reporting $8.9 billion in net income compared to a loss of $1.3 billion for the same period last year despite a lingering recession and soft market.

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