US property/casualty rating downgrades outnumber upgrades in 2019

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Insurance Information Institute - Mar 08, 2020

Ratings downgrades in 2019 were marginally higher than upgrades in the U.S. property/casualty sector for the first time in five years. The factors contributing to the downswing included losses related to weather, the narrowing of pricing in competitive lines of business and increases in loss cost se...

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