US cat losses nearly double H1, push P&C to $24.5bn technical loss

Cat losses knocked the US property and casualty insurance industry to a $24.5 billion net underwriting loss in the first six months of 2023, a severe deepening against the prior year's loss of $6.6 billion, figures tallied by AM Best indicate.

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US cat losses nearly double H1, push P&C to $24.5bn technical loss

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