Third-Quarter Net Income Improves for P&C Industry
A.M. Best reports industry balance sheet remains strong, will absorb effects of superstorm Sandy.
INN Breaking News, December 31, 2012
Net income for P&C insurers in the United States more than doubled during the first three quarters of 2012, increasing to $31.2 billion from $12.3 billion for the same period last year, as a result of improved underwriting results, according to “U.S. P/C Net Income Improves in 3rd Qtr; Sandy’s Impact Yet to be Realized,” a special report from an A.M. Best Co.
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