In industry news:

Property/Casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings looked at 44 insurers and reinsurers that are either publicly traded or report GAAP consolidated results, determining that their aggregate operating earnings dropped by 10.8 percent over the period, landing at $21.6 billion.

Read further coverage via Insurance Journal here.

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