Property/Casualty Insurers Report $4.7 Billion Net Underwriting Loss in 2016
JERSEY CITY, N.J., May 8, 2017 — Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016—following an $8.9 billion net underwriting gain in 2015—and experienced a 25 percent drop in net income after taxes to $42.6 billion from $56.8 billion a year earlier, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, […]