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P/C Insurers' Net Income, Profitability Fall Sharply in First-Half 2008

National News • October 1, 2008
The U.S. property/casualty insurance industry's net income after taxes fell 57.4 percent to $13.9 billion in first-half 2008 from $32.7 billion in first-half 2007. The insurance industry's overall ...

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Subject: Profit

Posted On: October 2, 2008, 12:24 pm CDT
Posted By: pay up
Comment:
Seems to me the people not making their mortgage payments started this snowball. They signed the mortgage contract & took their chances on what might happen. Now too many are defaulting. Yes I know a lot of banks underwriting rules became to lax, but as any industry rate of return starts to rise, investors will put their money there.
Subject Posted By Posted On
Profit pay up
Oct 2, 2008, 12:24 pm
RE: And THIS ! Cincy Sinker
Oct 2, 2008, 10:56 am
RE: Where is MARKetWatcher? BAILOUT
Oct 2, 2008, 10:54 am
Where is MARKetWatcher? Where is he?
Oct 2, 2008, 6:29 am
Licking my chops ! Watching 3rd Quarter - Matthew
Oct 2, 2008, 4:26 am
And THIS ! LaTrue
Oct 2, 2008, 4:15 am
RE: RE: RE: RE: Profitablility falls sharply pud
Oct 2, 2008, 3:41 am
RE: RE: RE: Profitablility falls sharply Pud
Oct 2, 2008, 3:39 am
RE: This might help Pud
Oct 2, 2008, 3:32 am
RE: First Clue You forgot...
Oct 1, 2008, 6:20 pm
Where did all the money go - Jphn Gill Fin
Oct 1, 2008, 4:36 pm
RE: RE: Profitablility falls sharply its me
Oct 1, 2008, 3:44 pm
RE: RE: Profitablility falls sharply Matthew
Oct 1, 2008, 3:43 pm
RE: Profitablility falls sharply John
Oct 1, 2008, 3:27 pm
First Clue Sherlock
Oct 1, 2008, 2:36 pm
RE: This might help insurance geek
Oct 1, 2008, 2:16 pm
This might help The idea guy
Oct 1, 2008, 2:00 pm
RE: Profitablility falls sharply nobody important
Oct 1, 2008, 1:50 pm
Profitablility falls sharply Matthew
Oct 1, 2008, 12:59 pm
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