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US P/C insurers' earnings down, capital solid
30 August 2010
Second-quarter 2010 earnings for US publicly traded property/casualty insurers were down, largely as a result of catastrophe losses, but capital positions remain solid, according to Moody's Investors Service.
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Moody's
Second-quarter 2010 earnings for US publicly traded property/casualty insurers were down, largely as a result of catastrophe losses, but capital positions remain solid, according to Moody's Investors Service.
"The results were generally consistent with expectations, as underwriting margins continued to be pressured by the competitive commercial P/C market and a slow economy," said analyst Ben Goldberg.
Insurers'...
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