NU Online News Service, Aug. 19, 12:00 p.m. EDT
Moody's says second-quarter catastrophes took a toll on property and casualty insurer's earnings, but there are no signs that price competition on the commercial side will let up anytime soon.
In a special commentary released yesterday, Moody's says rated carriers reported “respectable” net income numbers for the second quarter at approximately $1.4 billion compared to $4.4 billion for the same period last year.
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