AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023
Insurance Journal - Jul 29, 2024
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. …...
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