US property and casualty industry makes £5bn profit
The US property/casualty industry recorded an underwriting profit of nearly $9bn (£5bn) during the first six months of 2004, a substantial gain from the comparable period of 2003, according to a report by AM Best Co.
The company said that this solid underwriting performance is even more pronounced when factoring in the improvements achieved by the industry during 2003 and the first quarter of 2004.Robust
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