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AM Best: US Personal Auto Results Worsen as Claims Severity Rises
The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham.
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By A.M. Best Company, Inc.The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham.