Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc.
In Kansas, 22 property and casualty insurers reported earnings of $75.9 million, down 35 percent from $116.1 million in 2003, said Stephanie Eakins, senior financial analyst for Weiss Ratings, based in Jupiter, Fla.
Nationally, 2,534 property and casualty insurers reported total earnings of $41.3 billion in 2004, up 28 percent from $32.3 billion in 2003, Weiss Ratings said in a written release.
“Property and casualty insurers continue to post impressive results,” Melissa Gannon, vice president of Weiss Ratings, said in the release. “The ability to withstand such a horrific hurricane season is an indicator of the industry’s long-term financial strength.”
Topics Trends Carriers Profit Loss Property Casualty Kansas Missouri
Was this article valuable?
Here are more articles you may enjoy.
Older, Wealthier Renters Drive Changes in Insurance Needs 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
Danone US Sues Chobani Over High-Protein Yogurt Labeling Claims 
Read 14-Point Draft Memorandum of Understanding Between the US and Iran 
