Property/casualty insurers’ net income falls 67% in first half

Posted by car-insurance

October 3, 2011

The U.S. property/casualty insurance industry’s net income fell 67% to $6.9 billion during the first six months of this year compared with the same period a year earlier, according to a report to be released by A.M. Best Co. on Monday. The industry’s combined ratio deteriorated more than 9 …