FIO report cites P/C sector's improvement after financial crisis

06/12/2013 | Business Insurance (tiered subscription model)

The Federal Insurance Office on Wednesday released its first public report on the state of the insurance industry. "After three years of declines, P/C sector annual net written premiums nearly returned to pre-financial crisis levels by 2011 and continued to grow in 2012," the FIO said. Insurers also have had to work on boosting underwriting results as low interest rates have hindered their investment income, the report said.

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