Search
 

Insurers Report Embarrassment Of Riches, But Wary Of Challenges

P-C industry profits up 50% through three quarters, while combined ratio

By Steven Tuckey | Updated on December 31, 2006

Property-casualty officials took special pains to underscore the challenges that lay ahead while announcing a 50 percent increase in industry profits for the first nine months of 2006, compared to the same period of the previous storm-struck year.

Indeed, consumers must understand how important it is for a “cyclical, risky” industry to have highly profitable years to replenish losses from the bad ones, according to Greg Heidrich, senior vice president for the Property Casualty Insurers Association of America.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.