Fitch projects return to underwriting loss for US P&C in 2008
US ratings Fitch is projecting that the US Property/Casualty industry forecast will make a modest underwriting loss in 2008, twinned with a "significant reduction in profits and return on surplus for the year".
According to a report released today, Fitch Ratings said that it is expecting flat premium growth alongside combined ratios of 100.4% compared with 95.6% in 2007. 2006 and 2007 were the first years
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