Improved underwriting results a key target for US nonstandard auto insurers – AM Best

Improved underwriting results a key target for US nonstandard auto insurers – AM Best

“The need for higher premiums demonstrates the prevailing effect of inflation on loss costs and the efforts of nonstandard auto insurers to catch up with, if not get ahead of, those negative trends,” said David Blades, industry research and analytics associate director at AM Best. “These efforts may result in some progress in offsetting higher claim costs, partially mitigating the recent upsurge in the composite’s combined ratio and worsening underwriting losses.”.

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