NU Online News Service, May 11, 11:01 a.m. EDT
Leading U.S. homeowners insurers recorded combined ratios well over 100 in 2011 due mainly to storms throughout the year, according to an SNL Insurance analysis.
According to SNL data, the industry's homeowners insurance combined ratio for the year was nearly 122, up from 106.5 in 2010. The top-20 homeowners insurers recorded a combined ratio of just under 121 in 2011, and none of the top-20 insurers had a combined ratio under 100.
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