P&C insurers see increase in net underwriting gains in the first nine months of 2019


The private US property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses, and its surplus reach a record high of $812.2 billion, according to data analytics provider Verisk and the American Property Casualty Insurance Association (APCIA).

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