Rising unemployment and reduced demand pushed property insurers' sales down 4.8% in the second...

|By:, SA News Editor

Rising unemployment and reduced demand pushed property insurers' sales down 4.8% in the second quarter, equaling the biggest decline in 22 years. Written premiums fell to $106.3B, but the industry is keeping 0.5 cents of every premium dollar, more than it has since 2007.