Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third- and fourth-quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to recover without much difficulty, according to Weiss Ratings Inc. The industry posted impressive performance numbers during the second quarter of 2004, with a $9.2 billion net underwriting gain, representing a 560 percent jump over the $2.0 billion underwriting loss reported for the same period in 2003.
Topics Catastrophe Natural Disasters Carriers Profit Loss Hurricane
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ From This Issue
