P/C Insurers Report $1.5B Net Underwriting Loss in First Half of 2016

Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016— the first year-to-date net underwriting loss in more than three years— and saw their net income after taxes drop to $21.7 billion in first-half 2016 from $31.0 billion a year earlier…

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