Diving Into Insurance

November 2008
Best's Review;Nov2008 Guide to Understanding Insu, p1
Trade Publication
The article reports on the insurance industry in the U.S. It is stated that the devastation of Hurricane Katrina in 2005 greatly affected the insurance companies in the country. The industry rebounded in 2006 and the success continued into 2007. In 2006, property/casualty insurers recorded a second straight year of an underwriting profit with a $22.1 billion gain. As of September 2008, the country had been hit twice by powerful hurricanes that caused significant insured losses.


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