Analyst Feels P/C Insurers' Pain.The pain will persist in Verb 1. persist in - do something repeatedly and showing no intention to stop; "We continued our research into the cause of the illness"; "The landlord persists in asking us to move" continue 2001 for property/casualty insurers, said Eric M. Simpson Simp·son , Sir James Young 1811-1870. British obstetrician and a founder of gynecology. He is also known for introducing the use of chloroform as an anesthetic. , senior vice president, A.M. Best Co. While A.M. Best is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that pricing will continue to firm through 2002, companies are likely to continue to post widespread negative economic returns, Simpson said. To break even economically property/casualty insurers would need to post a combined ratio of 110--still an underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. loss, but profitable when investment returns are included. But the industry is estimated to post a combined ratio of 110.3 in 2000 and 110.7 for 2001, he said. |
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