Credit Rating (rating) downgrades on U.S. property/casualty insurance companies rose to 55 in 2023 compared with 30 in the previous year given the challenging conditions in the personal lines segment, according to a new AM Best special report.
Tag: P&C insurance industry
U.S. P/C Insurers’ Capital Strength, Pricing Improvement Support Stable Outlook
U.S. property/casualty (P/C) insurers are poised to generate slightly improved underwriting profits in 2019 and could do so again in 2020, according to Fitch Ratings’ outlook for the sector. Fitch maintains a Stable Outlook for the sector’s fundamentals and its ratings in 2020. “Rising premium rates in many commercial lines segments should benefit underwriting profits… Continue reading U.S. P/C Insurers’ Capital Strength, Pricing Improvement Support Stable Outlook