Losses in personal lines, particularly in homeowners’ insurance, were the main driver of deterioration in the industry’s combined ratio to 103.4%,
US P&C industry posts $32.2bn underwriting loss through Q3 2023: AM Best
![AM Best World map tech finance.jpg](https://assets.euromoneydigital.com/dims4/default/ecc1379/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F55%2Fbe%2Fa9c54d794e82b6b7fccf375a9ebb%2Fam-best-world-map-tech-finance.jpg)
Losses in personal lines, particularly in homeowners’ insurance, were the main driver of deterioration in the industry’s combined ratio to 103.4%,