Signs of Cyclical Strain

A decline in profitability in 2007 primarily due to a marginal deterioration in underwriting performance is one of the takeaways of the P/C insurance industry’s full-year 2007 results just released. Despite the decline, the industry posted a full-year combined ratio of 95.6, up from 92.4 in 2006, but still one of the best combined ratios [...]