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Best: P/C Capitalization Remains Strong

Industry surplus has grown, premiums have increased and catastrophic losses decreased measurably.
December 18, 2018

According to A.M. Best, the U.S. property-casualty insurance industry remains well capitalized despite the operational challenges of 2017 and 2018. The report notes that “in the first 10 months of 2018, industry surplus has grown, premiums have increased at very robust rates, and catastrophic losses decreased measurably.”

Hurricanes Florence and Michael caused considerable damage in 2018, but the overall devastation was less extensive in comparison to hurricanes Harvey, Irma, and Maria in 2017. November 2018, however, is once again putting the industry to the test as wildfires wreaked destruction in both northern and southern California.

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