The year-end statutory filings for the U.S. property/casualty (P/C) industry showed a year-over-year 69% increase in net income to $59.2 billion in 2019, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and higher net investment income, according to an AM Best special report. The new Best’s Special Report, titled,… Continue reading U.S. Property/Casualty Industry’s Net Income Increased 69% in 2018
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