Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017

Article 0 Comments After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new Best’s Market Segment Report, titled, “Homeowners Insurers Endured Major 2017 […]

How Bad Was P/C Insurers’ Underwriting Loss in 2017?

Article 2 Comments The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The 2017 underwriting loss was mainly due to an estimated $52.9 billion paid out […]