AM Best cuts US personal lines and personal auto outlooks to ‘negative’
AM Best revised its outlook for the US personal auto segment and the broader US personal lines segment from “stable” to “negative,” citing rising loss severity, inflation, rate adequacy challenges, a restrictive regulatory environment, and ongoing investment market volatility.
The negative outlooks, which are based on AM Best’s estimate of the impact of current trends on the segments for the next 12 months, do not carry over to individual companies, but the ratings agency said carriers that are...
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