A.M. Best Predicts Underwriting Profit for P/C Insurers

The U.S. property/casualty industry is expected to post an underwriting profit for 2007 -- marking only the third time this has happened since 1978, according to an A.M. Best Co. special report, “U.S. Property/Casualty 9-Month Financial Review.” However, there is concern that the sustainability of solid operating results teeters upon how the industry handles increased competition, premium erosion and rising surplus levels, A.M. Best said, basing its findings on financial reports through the third q...