As one property and casualty industry report points to rising combined ratios for insurers, with experts citing the need for better underwriting results, a separate analysis of first-quarter industry figures indicates the commercial-lines market may be starting to turn.
Additionally, a third analysis shows that commercial-lines prices, while soft, are still 15 percent higher than at year-end 2000, during the previous soft-market cycle.
A report of industry financial results distributed by ISO, the Insurance Information Institute, and the Property Casualty Insurers Association of America shows that although industry surplus is at record levels as of the end of the 2011 first quarter, insurers took a $4.5 billion underwriting loss, and recent developments point to worsening results in the second quarter.
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