US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best
Reinsurance News - Jun 09, 2025
According to credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in 2024. The drop was primarily driven by eleva...
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