AM Best revises US homeowners’ segment outlook to negative
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AM Best revises US homeowners’ segment outlook to negative

am best homeowners houses residential.jpg

AM Best has revised its outlook for the US homeowners’ segment to negative, citing net underwriting losses, inflationary and supply chain pressures and rising reinsurance costs as among the factors leading some carriers to curtail business in cat-exposed states.

According to the report, 2022 marked the third consecutive year of underwriting losses for the sector, with inflation raising underwriting expenses and loss costs to a five-year high.


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