NU Online News Service, Aug. 1, 2:41 p.m. EDT
Chicago-based insurer CNA says net income for the 2011 second quarter dropped 55 percent, primarily on catastrophe losses.
Net income for the second quarter fell by $157 million to $126 million. Property and casualty net premium written rose 5 percent, or $78 million, to $1.6 billion. Total P&C combined ratio for the period increased 16.2 points to 105.7.
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