Oh Woe Are They?
Property-Insurance Industry's Net Income Explodes

The property-casualty (p-c) insurance industry’s after tax net income for the first nine-month period of 2003 increased to $21.1 billion--a 320 percent increase over the same period in 2002. The report by the Insurance Services Office Inc. and the National Association of Independent Insurers Insurers, was cited in the January 12, 2004 issue of the National Underwriter.

“The p-c industry enjoyed significant improvements during 2003’s first three quarters, with growing premiums and better underwriting fundamentals,” said the survey.