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NU Online News Service, Dec. 21, 3:53 p.m. EST

The property and casualty insurance industry suffered a 3 percent slide in third-quarter net income, causing a drop in the rate of return on surplus, but nine-month results show a robust increase of 62 percent, according to a an industry report released today.

The Jersey City, N.J.-based Insurance Services Office, in conjunction with the Property Casualty Insurers Association of America and the Insurance Information Institute, released the nine-month and third-quarter p&c industry results today, saying the industry is on the road to positive growth for the year.

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