Mortgage, financial losses cost P/C insurers billions

04/14/2009 | Business Insurance (tiered subscription model)

A report by A.M. Best says property/casualty lines' combined ratio fell 12 points last year, from 106.1% in 2007 to 94% in 2008. The industry took a $20 billion underwriting loss last year after seeing a $21.6 billion gain the year before. The report attributes the decline to mortgage and financial guaranty insurance losses.

View Full Article in:

Business Insurance (tiered subscription model)

Published in Brief: