In industry news:

For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a $1.7 billion net underwriting loss versus a $7.3 billion underwriting gain from January through September 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America.

More via Insurance Journal here.

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