U.S. P/C Insurers Produced 2020 Underwriting Profit Despite COVID-19 Challenges
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty insurers saw a statutory underwriting profit for the third consecutive year, with an average combined ratio of 99, according to Fitch Ratings in a new report. In addition to the fallout from the pandemic, U.S. P/C insurers faced a deluge of catastrophe…
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