P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016

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 …

from News – Insurance Journal