India: Widespread mis-selling leaves nearly half of life insurance policies discontinued over 5 years

According to the credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in 2024.The drop was primarily driven by elevated losses from the January wildfires in California. These initial figures are presented in AM Be