Rising Secondary Perils Trigger Urgent Stress Testing Needs for U.S. P&C Insurers, Says AM Best

From Program Business

A new AM Best report warns that nearly half of all U.S. states have experienced record-breaking property catastrophe loss ratios, exceeding their 10-year medians by over 20 percentage points, underscoring an urgent need for insurers to reevaluate risk strategies in light of secondary perils.

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