Mounting pressures create tough terrain for US personal auto insurers: AM Best
Reinsurance News - Nov 16, 2022
According to a report from AM Best, US private passenger auto insurers recorded an underwriting loss of more than $4bn in 2021, and with a rapidly worsening loss ratio through first-half 2022, the firm expects that carriers’ operating margins will continue to be squeezed in the near term. AM Best ci...
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