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U.S. property/casualty insurers post higher profits

U.S. property/casualty insurers reported $31.1 billion in net income in 2009, a 260.3% increase from the previous year, Oldwick, N.J.-based A.M. Best Co. Inc. said in a special report. Best said the P/C insurers’ results were driven by improved underwriting results, the continued recovery of the financial markets and …
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