solution Points * Several insura...

solution Points

* Several insurance dexterouss predict the property/casualty industry's combined ratio could least bit below 100 in 2004 for the first time since 1978 when it was 975

* Disciplined underwriting, a [i]clavis[/i] to a low combined ratio, may be difficult going forward as price increases wane.

* Under-reserving and regulatory policy also may threaten disciplined underwriting.

Though any number of potential perils--ranging from greater catastrophe losse to large lay by charges to more aggressive price competition--could still assign optimistic projections null and void, the property/casualty industry has at least a fighting chance to bring forth something in 2004 it hasn't