NU Online News Service, JUNE 11, 12:05 p.m. EDT
Fitch Ratings said U.S. property-casualty insurance industry profits fell "dramatically" in 2008 and this year the sector has a negative outlook based on economic and investment uncertainty.
The comments came in a special report on the p-c industry statutory results and forecast, which said that currently "market underwriting capacity has not declined to a level that will spark premium rate improvements."
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