Inflation & loss severity weaken nonstandard auto insurers’ performance: AM Best
Reinsurance News - Nov 23, 2022
According to a recent AM Best report, US nonstandard auto insurers suffered a 1H22 underwriting loss of $766 million, marking it as the segment’s worst half-year result in five years, as impacts from inflation on auto repair and medical costs, as well as supply chain and labor market issues, have pl...
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