Overall, 39 personal line carriers had rating downgrades and nine had upgrades compared with 15 downgrades and 21 upgrades seen among commercial carriers in 2023. Credit: login2002/Adobe Stock Overall, 39 personal line carriers had rating downgrades and nine had upgrades compared with 15 downgrades and 21 upgrades seen among commercial carriers in 2023. Credit: login2002/Adobe Stock

This past year, the U.S. property and casualty industry saw 55 rating downgrades from AM Best compared with 35 upgrades, the ratings agency reported. The number of downgrades increased slightly more than 7% compared with 2022′s results.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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