NU Online News Service, July 26, 3:45 p.m.
In 2009, the property and casualty insurance industry recoveredfrom a devastating global financial crisis that had drained 12percent from policyholder surplus and nearly erased the net incomerecorded the year before.
On the underwriting front, however, losses continued to grow inbread-and-butter lines such as private passenger auto, commercialgeneral liability and workers' compensation in 2009, while netwritten premiums tumbled for the third straight year for all linestaken together.
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