P&C carriers report $5.6bn net underwriting loss over first nine months of 2021: Verisk
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P&C carriers report $5.6bn net underwriting loss over first nine months of 2021: Verisk

Giovanna Bellotti Azevedo
February 17, 2022
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Private US P&C carriers booked a $5.6bn net underwriting loss in the first nine months of 2021 as non-catastrophe losses returned to pre-pandemic levels, according to a report by Verisk and the American Property Casualty Insurance Association (APCIA).

According to the report, direct losses for personal auto liability spiked by 14.1% in the period, and the industry’s combined ratio deteriorated to 99.5%

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Giovanna Bellotti Azevedo
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