Profits Rising For P&C Insurers
NU Online News Service, Sept. 23, 2:50 p.m. EST?Property and casualty insurers in the United States are rapidly making up for losses from last year, a survey by a financial safety ratings firm discovered.
According to the survey by Weiss Ratings Inc., based in Palm Beach Gardens, Fla., more than 2,200 P&C insurers posted profits of $5.5 billion for the first quarter of 2002. Weiss said this represents a 4.9 percent increase, or $260 million, over the same period last year.
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