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2006: Good Performance Across All Lines

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Driven by sound underwriting, the property casualty insurance industry performed well in 2006, according to Robert Hartwig, president and chief economist for the Insurance Information Institute, with net income after taxes near $60 billion and the lowest estimated combined ratio in 60 years. A mild hurricane season certainly helped the numbers but there's more to the 2006 story. Insurance Journal's Andy Simpson got the numbers and the story from Hartwig at the III's Joint Property Casualty Forum in New York.

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