Inflation, High Interest Rates, and Catastrophes Contribute to 2023 Underwriting Loss for P&C Industry, New Triple-I/Milliman Report Shows

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Insurance Information Institute - Nov 01, 2023

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected] NEW YORK, Nov. 2, 2023 --The 2023 net combined ratio for the property/casualty industry is forecast to be 103.8, in part due to severe convective storm losses bei...

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