For property and casualty insurers, 2012 was looking like it would be a banner year, until Superstorm Sandy struck, say commentators.
The remarks come with the release of the P&C insurance industry's nine-month report on profitability from the Insurance Services Office (ISO), a Verisk Analytics company, the Property Casualty Insurers Association of America, and the Insurance Information Institute.
For the first nine months of 2012, net income after taxes grew to $27 billion, compared to $8.4 billion in 2011.
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