NU Online News Service, June 29, 1:03 p.m. EDT
The property and casualty industry posted a $1.3 billion first-quarter loss--the worst results it has recorded in more than 20 years, the Insurance Services Office said.
Jersey City, N.J.-based ISO said the p&c industry recorded net loss after taxes for the first three months of this year compared to net income of $8.5 billion for the same period last year.
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