Insurers Enjoying longest Continuous Growth in nearly 10 Years

By David Dankwa, Senior ReporterPropelled chiefly by growth in premiums, a reduction in catastrophe losses and favorable prior-year reserve development, the U.S. property and casualty insurers’ underwriting net income rose to $24.5 billion in the first half of 2013, from $17.2 billion the same period last year, according to a collaborative report by two industry groups.  The report, released Oct. 3, by the Insurance Service Office and the Property Casualty Insurers Association of America, says the expansion of payrolls contributed considerable new premiums written to the workers...