It’s common knowledge that the life insurance industry has taken it on the chin since the start of the economic crisis, with AIG, The Hartford and other carriers making headlines, but things aren’t rosy in the P&C sector, either.
The top 100 property/casualty insurers in the United States closed 2008 with the lowest net income levels in seven years, while the top 100 life insurers suffered unprecedented capital losses, according a new study by Highline Data, a division of Summit Business Media.
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