US P/C insurers experience more downgrades than upgrades in H1’23: AM Best
Reinsurance News - Oct 18, 2023
In the first half of 2023, US property/casualty (P/C) insurers faced a challenging environment marked by increased downgrades, primarily affecting the personal lines segment. Downgrades surged from 5.2% of rating actions in H1 2022 to 9.1% through June 30, 2023, as insurers grappled with weather-rel...
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