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Jul 25
S&P Forescast: Underwriting Profits Returning

S&P Global Market Intelligence is forecasting a return to underwriting profitability for the U.S. property/casualty sector in 2024 for the first time in three years, reports Carrier Management (7/23/24, Sclafane). Personal automobile industry is driving the improvement, the forecast noted. Meanwhile, J.D. Power said rate-shopping for auto-coverage reached a new high this spring, reports the Insurance Journal (7/24/24, National News).

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