Weather, reinsurance, inflation drove $38bn US P&C loss for 2023: AM Best
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Weather, reinsurance, inflation drove $38bn US P&C loss for 2023: AM Best

Sizeable investment returns masked 10-year high underwriting losses.

By Hal Stucker
March 07, 2024
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Inflation pricing graph dollar bank note.jpg

Losses due to severe weather, inflation and increased reinsurance costs resulted in a net underwriting loss of $38bn for the US P&C sector in 2023, according to an AM Best report.

Despite

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