News Brief: Despite Signs of Improvement, U.S. P&C Insurers Likely To Post 2024 Underwriting Loss Of $2.6 Billion | Pennsylvania Benefits Agency
The U.S. property and casualty insurance industry improved its underwriting results in 2024 despite “significant” insured catastrophe losses, reducing its net underwriting loss to an estimated $2.6 billion, according to a recent report from AM Best. Despite the net loss expected, 2024’s results mark a “steep improvement” from the more than $24 billion underwriting loss … Continued