P&C insurers racked up $6.3bn underwriting loss in first half of 2022: AM Best
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P&C insurers racked up $6.3bn underwriting loss in first half of 2022: AM Best

AM Best auto car driving road.jpg

US property and casualty insurers incurred a $6.3bn underwriting loss in the first half of 2022, driven by the personal lines segment, especially in auto, according to AM Best.

The result compared with a $11.4bn loss in the first half of 2021, the ratings agency’s report said.

Although the industry saw 9.3%

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