Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
Global natural disaster losses for the first half of 2015 was below the 10-year (2005-2014) and 15-year (2000-2014) averages from both the economic and insured loss standpoint.
Private U.S. property/casualty insurers overall profitability grew from 8.4% to 10.8%. Net income rose from $13.9 billion in the first quarter of 2014 to $18.2 billion in the first quarter of 2015.