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US P&C insurers’ H1 COR hits 110.5%

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Private US property and casualty insurers’ net income after taxes fell to $4.8bn in the first-half of 2011 from $16.8bn in first-half of 2010, a report from ISO and the Property Casualty Insurers Association of America says.

Net losses on underwriting grew to $24.1bn in the first-half of 2011 from $5.1bn in first-half of 2010. The combined ratio deteriorated to 110.5% for first-half of 2011 from 101.7% for first-half of

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