Property/casualty insurers cited better operating performance year-over-year in the first six months of 2013 as catastrophe losses decreased and premium rates rose for many lines, Fitch Ratings said in a report. The industry's loss reserves are improving as well, Fitch said. Favorable development helped drive underwriting, which accounted for 2.4% of earned premium through midyear, similar to the first half of 2012, the rating firm said.

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