P/C insurers face bleak prospects despite reinsurance price cuts

Although reinsurance prices slumped at Jan. 1 renewals, the property/casualty insurance industry will continue to face soft market conditions and shrinking demand in the foreseeable future, analysts said. Commercial insurers' median income this year is expected to drop 6% after rising about 6.7% in 2009, while estimated earnings per share for insurers and reinsurers could decline by 11% in 2011, experts added.

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Wall Street Journal, The · Business Insurance (tiered subscription model)

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