Personal Lines Leads the Way to the Largest Net Underwriting Loss in over a Decade

S&P Global Market Intelligence tracks insurance numbers. With still growing inflation, the negative numbers are steadily increasing. S&P’s latest report said the underwriting red ink hit $7.34 billion in the first quarter of 2023. It’s the largest increase in 12 years. The combined ratio hit 102.2. This is in contrast to an underwriting profit of …

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