Insurers saw earnings dwindle as a result of storm losses in Q2

07/30/2010 | PropertyCasualty360

Losses from storms in the second quarter of this year led to a decrease in net earnings for many P/C insurers, with some companies reporting double-digit increases to their combined ratios. "It was a difficult quarter weather-wise for State Auto, our policyholders and for the industry," said State Auto Financial CEO Bob Restrepo.

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