property casualty insurers’ financial results News

P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5%

The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked havoc. Insurers were affected by an unprecedented number of natural catastrophe events …