NU Online News Service, Sept. 2, 2003, 1:34 p.m. EDT – Total profits for U.S. life and health insurers fell to $2.8 billion for the first quarter, down from $4.5 billion for the first quarter of 2002, according to Weiss Ratings Inc., Palm Beach Gardens, Fla.
Reserve increases and investment losses helped force industry profits down to the lowest level in at least 10 years, Weiss says.