Aggregate net income for the U.S. property/casualty insurance sector rose to $26.7 billion for the first nine months of 2010, according to numbers jointly released by the Des Plaines, Ill.-based Property Casualty Insurers Association of America (PCI) and Jersey City, N.J.-based ISO Inc.
The numbers represents a significant jump in after-tax income for the industry compared to the $16.4 billion tallied through the first nine months of 2009. Much of the credit goes to a rebound in investment income notes PCI’s president and CEO, David Sampson.
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