Personal auto is proving a real drag on personal lines, with AM Best reporting that private passenger auto liability and physical damage account for approximately two-thirds of the segment's results. Credit: Nuthawut/Adobe Stock
As a new year approaches, AM Best is maintaining its negative outlook for the U.S. personal lines segment as results for personal auto and home insurance continue to deteriorate and rate adequacy remains elusive.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
