P&C underwriting expenses rose 3.8% during 2020: AM Best
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P&C underwriting expenses rose 3.8% during 2020: AM Best

Underwriting expenses across the property and casualty insurance market rose by 3.8% during 2020, according to a preliminary analysis of the fiscal year by AM Best.

The ratings agency said the rise came as some carriers, including Progressive, recorded policyholder credits issued as a result of Covid-19 as underwriting expenses instead of a reduction in premiums written.


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