Insurer Lancashire's annual profit jumps on higher rates
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(Reuters) - Property and casualty underwriter Lancashire Holdings on Thursday reported earnings for the whole of 2019 that almost quadrupled from a year earlier, helped by a rise in insurance prices in the property market.The pick-up in rates offered respite to insurers, who had weathered a difficult 2018 in terms of claims due to a string of natural catastrophes."Our results reflect the measured pricing improvement that we have witnessed during the course of the year," Chief Executive Officer..