Despite Premium Increases P-C Surplus Drops
NU Online News Service, Aug. 26, 4:14 p.m. EDT?The property-casualty insurance industry's stock market losses drove its surplus down by $4.4 billion or 1.5 percent in 2002, the Insurance Services Office Inc. reported.
The surplus decline to $285.2 billion from $289.6 in 2001 came even as insurers written premium growth spiked up by 14.1 percent–the biggest increase since 1986.
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