In industry news:

The U.S. property/casualty (P/C) industry marked a third consecutive year of underwriting profitability, with $6.2 billion in underwriting income in 2015. However, the lower level of underwriting income and an 11.2 percent decline in net investment income drove pre-tax operating and net income down from their 2014 levels, according to an A.M. Best special report.

Read more via Insurance Journal here.

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