Insurers Post $34.5 Billion in Investment Losses

Investment losses at life and health, and property and casualty insurers jumped to $34.5 billion in the third quarter, more than double the amount in the first half of the year, according to a review of the latest financial statements.

The $49.7 billion in losses for the first nine months of 2008 is a record for the industry. In the first half, losses totaled $15.3 billion.

Ten companies with the largest investment losses as of Sept. 30

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