The American property and casualty (P/C) industry has released its estimates for the losses it experienced in 2011 – a year filled with catastrophe – and has reported the largest underwriting losses that it has seen since 2006. According to A.M. Best Co., the ratings agency, in 2011, insurance companies were impacted by a tremendous number of natural catastrophes, unlike the volumes that have ever been experienced either within the United States or internationally. As a result, the losses from catastrophe-related damages were more than twice the amount that had…
Read MoreTuesday, February 27, 2024
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