Inflation, extreme weather and regulatory woes among issues faced by the industry
The property-casualty insurance sector continued to battle significant headwinds during the first half of the year, according to a new report on the sector’s financial results from the American Property Casualty Insurance Association (APCIA).
“While the aggregate industry balance sheet is strong enough to meet its contractual commitments and obligations to consumers and businesses, the ever-increasing challenges from claims cost and expense increases,