AM Best is worried about the underwriting performance of property-casualty insurers. The 2022 stats have been released and the personal lines segment suffered the most. This is especially true of personal auto. According to the AM Best report titled, 2022 P/C Snapshot: Unprofitable Auto and Property Results Weaken P/C Underwriting Performance, the net underwriting loss …
AM Best released a report on 2023’s first quarter. The report said property-casualty insurer underwriting totals for the first quarter of 2023 didn’t look very good. Losses were $8.2 billion. That’s bad news since the first quarter of 2022 showed a $3.4 billion profit. Here’s more: The growth in net earned premiums of 14% and …
P&C Underwriting — Big Losses in Quarter 1 of 2023 Read More »
Property and casualty insurers in the U.S. saw a huge loss in underwriting in 2022. A.M. Best said it hit $26.5 billion. The good news is that it’s a $21.5 billion drop from the losses of 2021. Personal lines losses led the pack and most of that came from big losses of Hurricane Ian. The …
Underwriting for P&C Insurers in the U.S. — $26.5 Billion Loss Read More »
