Best’s Market Segment Report: Numerous Pressures Create Tough Terrain for U.S Personal Auto Insurers
OLDWICK, N.J.--(BUSINESS WIRE)--U.S. private passenger auto insurers recorded an underwriting loss of more than $4.0 billion in 2021, and with a rapidly worsening loss ratio through first-half 2022, AM Best expects that carriers’ operating margins will continue to be squeezed in the near term. The Best’s Market Segment Report, “Numerous…