No US upturn in sight, says ISO

According to the figures put out by the Insurance Services Office (ISO) and the National Association of Independent Insurers (NAII) for the first six months of 2000, the US property/casualty industry remained burdened by overcapacity. More significantly, the interim figures clearly expose reports of an upturn in the insurance pricing cycle as premature. The ISO/NAII figures are based on the interim reports of insurers that in total command a 96% share of the US p/c market.