Underwriting — Big Losses for the First Three Quarters of 2022
AM Best just completed an analysis of property and casualty insurance income for the first three quarters of 2022. Underwriting is the big concern with Best finding net underwriting losses hit $24.3 billion.
The good news is that the loss is down $17.9 billion from 2021.
Personal lines has really struggled so far this year. It is underwriting losses in that segment that helped drive the drop in underwriting results.
Source link: Insurance Business America — https://bit.ly/3P3BYCu