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P/C Posts Profit in 2007?
A.M. Best's "2008 Statistical Study: U.S. Property/Casualty--2007 Financial Results" report provides the lowdown on how the P/C industry showed in 2007. Check out an excerpt of it here.
The Property Casualty Insurers Association of America, the Insurance Information Institute and ISO have also posted its findings on the 2007 P/C results, which show that carriers saw a drop in both net income and overall profitability--thanks to underwriting. April 15, 2008
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