Red ink floods the casualty insurers.

The article focuses on the rise of underwriting losses among casualty insurance companies, as the rate of amount of claims outrun insurance premiums in 1975. It states that the 50-billion dollars-a-year property-casualty insurance business has been the worst victim of the recession, which leads for automobile insurance and other personal insurance difficult for people to buy. It says that only the stock market has prevented the spread of insolvencies, with 14% gain in investment income.