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The industry’s record surplus is due in part to a $14 billion increase in unrealized gains. (Photo: iStock)

Despite a marked decline in net income during the first two quarters of 2017, American property and casualty industry surplus reached a record $703.4 billion, according to new reporting from A.M. Best.

Elana Ashanti Jefferson

Managing Editor Elana Ashanti Jefferson is a veteran journalist and communications professional. She can be reached by sending email to ejefferson@alm.com.

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