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A.M. Best on Catastrophe Losses in 2017

from PIA Western Alliance

A.M. Best is the latest data gather to note record catastrophe losses in 2017. The ratings service said the P&C industry lost $53 billion in 2017. It works out to a whopping 110% more than 2016's losses. No surprise, A.M. Best said the biggest losses come from two items. The first is a slew of hurricanes. The other reason is wildfires and especially the historic fires in California. more

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