Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third- and fourth-quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to recover without much difficulty, according to Weiss Ratings Inc. The industry posted impressive performance numbers during the second quarter of 2004, with a $9.2 billion net underwriting gain, representing a 560 percent jump over the $2.0 billion underwriting loss reported for the same period in 2003.
Topics Catastrophe Natural Disasters Carriers Profit Loss Hurricane
Was this article valuable?
Here are more articles you may enjoy.
The Hartford Q3 Net Income Up 41% 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims From This Issue
