AM Best: U.S. P/C Industry Improves Despite 2024 Underwriting Loss

The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S. P/C insurers posted an underwriting loss of $2.6 billion in 2024– a large improvement over the underwriting loss of $24.6 billion recorded in…