Higher Losses Hit P&C Insurers in 2014; Results Still Strong
U.S. property and casualty insurers posted their second-highest yearly profit since the recession in 2014, but results deteriorated some compared to 2013 due in part to higher losses. Net income after taxes in 2014 was $55.5 billion, down from $63.4 billion in 2013, according to an ISO and Property Casualty Insurers Association of America analysis. […]