P&C Insurers' Income Jumped 28% Through September

Fine, Jacob
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p6
Trade Publication
The article reports that the U.S. property and casualty insurance companies' net income has surged to $26.7 billion during the first nine months of 2004 compared to the same period last year. The increase has been reported despite the four major hurricanes that swept through the Southeast during the third quarter. While Florida insurers including a large Allstate Corp., subsidiary based in the state has reported some selling of municipal bonds due to the heavy storm season; such activity was limited due to their strong financial position.


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