The US homeowners insurance industry posted its worst underwriting results in over a decade in 2023 as its net combined ratio surpassed 110.0%.
Tag: underwriting unprofitability
Homeowners Stressors Expand Beyond Coasts as Storms, Wildfire Risk Intensify
Nine of the 10 states with the worst 2012-2022 median direct combined ratio for U.S. homeowners/farmowners are landlocked, according to a Best’s Market Segment Report. Only No. 9 Georgia, with a 94.7 combined ratio for the period, is a coastal state.