Mutual and Stock Insurers Losing US$ 6 Billion Annually
Posted on 09/29/2023
Credit rating agency AM Best says the performance of property and casualty mutuals and stock insurers lost US$ 6.2 billion last year due to auto and homeowner lines primarily. Stock insurance includes the cost of raw materials and finished goods. Insurers say the cost of insuring items, including autos, has risen, and even price hikes…
