US P&C rating ‘worst for nearly 10 years’
The aggregate profitability of US P&C insurers diminished during the first quarter of 2011 as the combined ratio widened sharply to 102.2 percent, offsetting growing written premiums and increased investment income.
The figures, released by the ISO, the Insurance Information Institute (III) and the Property Casualty Insurers Association of America (PCI), reveal a mixed picture for the industry.
"Ironically, premium-starved insurers potentially find themselves with their best growth opportunities in five years, but in an underwriting environment that is potentially...
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