In industry news:

ISO and the Property Casualty Insurers Association of America (PCI) says that private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three years – and saw their net income after taxes drop to $21.7 billion in first-half 2016 from $31 billion a year earlier.

More details here.

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