NU Online News Service, April 17, 12:51 p.m. EDT

The 108.2 combined ratio posted by the private property and casualty industry in the U.S. was the worst since 2001.

According to an analysis of 2011 results by ISO, the Property Casualty Insurers Association of America (PCI) and the Insurance information Institute (I.I.I.), insurers' yearly net income fell 45.6 percent to $19.15 billion from $35.2 billion in 2010 as net underwriting losses grew to $36.5 billion from $10.5 billion.

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