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P-C Insurers Record First Net Loss Ever

P-C Insurers Record First Net Loss EverThe U.S. property-casualty industry in 2001 racked up its first-ever net lossa whopping $7.9 billion, according to the Insurance ...

By Susanne Sclafane | Updated on April 22, 2002

P-C Insurers Record First Net Loss EverThe U.S. property-casualty industry in 2001 racked up its first-ever net lossa whopping $7.9 billion, according to the Insurance Services Office in Jersey City, N.J., and the Des Plaines, Ill.-based National Association of Independent Insurers.

But this after-tax net loss is not the only item for the history books. The industrys net worthstatutory surplusfell below $300 billion for the first time since 1996, according to reports previously released by ISO.

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