Climate change: ARC pays out 60 million USD in compensation

While premiums grew for the U.S. P&C insurance sector in the first half the year, carriers continued to report significant underwriting losses, and the segment will be “hard pressed” to match the 102.8% combined ratio posted in full-year 2022, according to Fitch Ratings.According to the ratings agency, results are anticipated to improve in H2 2023 as pricing increases continue to take hold, but th