Despite a rising number of troublesome trends, if clear skies continue through 2006, the property-casualty industry could see its best underwriting performance since the first Eisenhower administration, one top industry analyst noted last week.
Robert Hartwig, executive vice president and chief economist for the Insurance Information Institute, said the 92 combined ratio the industry posted for the first half of 2006 "provides tangible proof of the resilience of the industry in the face of unprecedented adversity of 2004 and 2005."
"Were the industry to maintain a combined ratio of 92 through year's end, it would be the best annual result since 1955," Mr. Hartwig added.
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