Auto Trends Drive Industry Profit In 2004 All p-c insurance lines except homeowners reported improved loss ratios

Fewer accidents on Americas roadways were a key factor driving the first full-year underwriting profit in decades for the property-casualty industry in 2004.

According to initial, unconsolidated regulatory filings published online in Highline Datas Insurance Analyst PRO data base, the net industry combined ratio for 2004 was 98, compared to just over 100 in 2003. (Highline Data is the data affiliate of Highline Media, the parent company of this magazine.) The 2004 underwriting profit is the first since 1978, according to the New York-based Insurance Information Institute.

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