As one property and casualty industry report points to risingcombined ratios for insurers, with experts citing the need forbetter underwriting results, a separate analysis of first-quarterindustry figures indicates the commercial-lines market may bestarting to turn.
Additionally, a third analysis shows that commercial-linesprices, while soft, are still 15 percent higher than at year-end2000, during the previous soft-market cycle.
A report of industry financialresults distributed by ISO, the Insurance Information Institute,and the Property Casualty Insurers Association of America showsthat although industry surplus is at record levels as of the end ofthe 2011 first quarter, insurers took a $4.5 billion underwritingloss, and recent developments point to worsening results in thesecond quarter.
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