NU Online News Service, May 10, 2:25 p.m. EDT

Nineteen property and casualty insurers have cracked this year’s Fortune 500 list, one less than the number of P&C companies on the 2010 list.

Berkshire Hathaway was the highest-ranking company listed under the P&C insurance industry in 2011. It ranked 7 overall on the Fortune 500 list. According to the list, Berkshire Hathaway’s 2010 revenue increased 21.1 percent over 2009 to $136.2 billion. The company’s 2010 profits increased 61 percent to $13 billion.

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