The U.S. property-casualty industry's first-quarter performance set a record, said the Insurance Services Office Inc., but increased competition is creating strains on the industry.
The Jersey City, N.J.-based ISO reported the combined ratio improved from 93.3 percent in the first quarter of 2004 to 91.9 percent, calling it "the best for any quarter."
ISO based its analysis on records going back to 1986.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
