A.M. Best: P/C Industry Posts 1Q Underwriting Profit

July 9, 2007

  • July 9, 2007 at 12:51 pm
    Peter Polstein says:
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    Come on, what strong performance, the marketplace is in yet another, downward surge of pricing, and the industry hasn’t had an Cat losses to speak of for over 6 quarters, that’s your performance!

  • July 9, 2007 at 12:51 pm
    Peter Polstein says:
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    Come on, what strong performance, the marketplace is in yet another, downward surge of pricing, and the industry hasn’t had an Cat losses to speak of for over 6 quarters, that’s your performance!

  • July 9, 2007 at 12:55 pm
    Rosie says:
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    I’m sorry, Peter, I couldn’t resist ;)

  • July 9, 2007 at 1:59 am
    Mike says:
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    Depsite all of the industry loss’s (including CAT risks) and the limited downward premium pricing, our industry still continues to have ongoing record profits.

    As I continue to read about our huge industry profits, and yet see the folks who continue to say the sky is falling (so we have to keep our prices up), I can’t help but wonder why this continued disconnect is there.

    Just a thought…

  • July 9, 2007 at 2:11 am
    Another guy named Rick says:
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    Keep in mind, 1Q results reflect pricing and coverage offered last year and in previous years. Current price reductions and coverage expansion won’t impact results until next year, at the earliest. If current pricing and underwriting continues at this pace or softens further, we should see a different picture in 24 mos…….with or without Catastrophe loss development.

  • July 9, 2007 at 2:32 am
    Pat Beranger says:
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    “Record profits” as compared to what? Industry ROEs since 1996 are 7% versus 13.4% for Fortune 500. Companies need current profits to replenish capital.

  • July 9, 2007 at 4:25 am
    Joe says:
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    NT

  • July 11, 2007 at 12:56 pm
    "Record profits says:
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    Funny thing though, you must have insurance in order to drive a car on the road. Only problem, you have no rights and the insurance companies have governments wrapped around their fingers .Is this why An underwriting gain for a no Fault looks so good (you all need more money want a big joke.



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