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Author: rogermunibond   😊 😞
Number: of 12641 
Subject: Home insurers record loss
Date: 07/29/2024 9:29 AM
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https://www.ft.com/content/09a37793-7bea-4c90-a47f...

US home insurers last year suffered their worst underwriting loss this century as a toxic mix of natural disasters, inflation and population growth in at-risk areas put a vital financial market under acute pressure.

Insurers providing policies to homeowners suffered a $15.2bn net underwriting loss last year, according to figures from rating agency AM Best, a figure it said was the worst since at least 2000 and more than double the previous year’s losses.
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