US P&C insurers accrue $1.7bn underwriting loss in 2016 9M

Private US property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016-following a $7.3 billion net underwriting gain in nine-months 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America (PCI).