Property and casualty insurance sees largest ever Q1 statutory underwriting loss

Property and Casualty Insurance - net loss

Personal lines resulted in the US industry experiencing its first and biggest Q1 net loss in over a decade. Low personal lines have caused the US property and casualty insurance industry to experience the largest underwriting loss on record and its first in 12 years, according to a new data analysis of statutory financial statements by S&P Global market Intelligence. The analysis was a preliminary calculation based on the underwriting losses of P&C insurers. According to S&P Global Market Intelligence’s preliminary calculations, property and casualty insurers in the United States…

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