Property and casualty insurance industry in the U.S. sees massive income increase

Property insurance News commercial P&C insurance

The net income for this sector has doubled when compared to the same period the year before. A report on the property and casualty insurance industry has indicated that compared to 2011, when the first nine months brought in a net income of $12.3 billion, the first nine months of 2012 saw well over double that amount at $31.2 billion. Though this does not include Hurricane Sandy data, the report believes that will have “only a modest impact”. The report was created by A.M. Best, and was entitled “U.S. P/C…

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