The U.S. property/casualty industry experienced modest growth in second quarter of 2010, a new report from Charlottesville, Va.-based SNL Financial finds.

The numbers show that direct premiums written increased 1% to $113.6 billion and net premiums written were up 0.3% to $100.6 billion from the same period the prior year. The growth in premiums reverses a trend, as direct premiums written had previously declined on a year-over-year basis for six consecutive quarters and net premiums written had declined for eight straight quarters, SNL notes.

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