Article: In Brief.(NEWS)

P/C insurerprofits drop

U.S. property/casualty insurers' net income for the first half of 2009 fell 59.3% to $5.8 billion compared with the same period in 2008, according to a report from the Insurance Services Office Inc. and the Property Casualty Insurers Assn. of America. The survey found net written premiums dropped 4.2% to $212.8 billion in the first half of 2009, while net earned premiums declined 2.9% to $6.3 billion. Policyholders' surplus rose 1.2% to $463 billion as of June 30. The industry's combined ratio improved to 100.9% in the first half of this year from 102% during the same period last year.

Bill calls for federalinsurance office

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