The U.S. property and casualty industry saw a profit of only $4.1 billion in the first three quarters of this year -- down a huge 91.8% from the same period in 2007, reported the ISO and the Property Casualty Insurers of America. The first three quarters of 2008 saw a net loss of $19.9 billion in underwriting, down from $18.4 billion in net gains during the same period last year.

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