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P/C Profit Up for First Six Months of 2006

The U.S. property/casualty industry recorded an underwriting profit of $15.1 billion during the first six months of 2006, a 31.8% increase from the first six...
October 11, 2006

The U.S. property/casualty industry recorded an underwriting profit of $15.1 billion during the first six months of 2006, a 31.8% increase from the first six months of 2005. Despite continued price softening, the improvement in the industry's results was attributable largely to a moderately light period of catastrophe losses, loss frequency trends and favorable loss-reserve development through the first six months of the year, according to a special report from A.M. Best Co.

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