US P&C industry net underwriting loss quadrupled for first nine months of 2022

The US P&C industry nearly quadrupled its net underwriting loss in the first nine months of 2022, compared to the same period in 2021.

It recorded a $24.3bn net underwriting loss in the first nine months of 2022, according to an AM Best special report.

In the report, Best states that an 8....

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