P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes

In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier as the industry dealt with the …

from News – Insurance Journal https://ift.tt/3tKsgdg