Inflation, High CAT Losses to Lead to 2023 Underwriting Loss for P&C Industry, But Recession Likely Avoided This Year, New Triple-I/Milliman Report Shows

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Insurance Information Institute - Aug 02, 2023

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK – August 3, 2023–The overall P&C industry is forecast to finish 2023 with a net combined ratio at 102.2, nearly identical to the final 2022 result of 102.4...

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