The property/casualty industry reported solid growth in premium volume and much improved underwriting results during the first half of 2002 compared with the same period in 2001, according to a new report released by A.M. Best Co.
The results were fueled by robust price increases in each of the industry's main sectors: reinsurance, commercial lines and personal lines.
A.M. Best data show that net premiums written rose about 10.2% over the comparable period in 2001, while the combined ratio improved about 6 points to 105.1.
Reflecting continued rate increases and lower than usual losses st...
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