9 May 2017 Insurance

US P&C insurers suffer $4.7bn underwriting loss in 2016

US property and casualty insurers reported a $4.7 billion net underwriting loss in 2016, com-pared to an $8.9 billion net underwriting gain in 2015. Their net income after taxes dropped 25 percent to $42.6 billion from $56.8 billion the previous year.

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