Reserve Charges Mar Qtr. Beyond WTC

As property-casualty insurers continue to assess losses from the World Trade Center mega-catastrophe, and start to quantify the impact of the collapse of Enron on commercial lines results, many are still digging through the damage of a prolonged soft market.

For the first time since National Underwriter began compiling quarterly results for individual insurers, we present results excluding the impact of a catastrophe–the terrorist attacks of Sept. 11. The adjusted results attempt to answer the question of whether improved underwriting and net income would have shown up by year-end 2001, absent the attacks, as experts had predicted.

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