A recent AM Best report reveals that 2022 was a bad year for the Property & Casualty insurance industry - largely as a result of some of the extreme weather we encountered in addition to some ongoing pandemic-related events according to a recent piece in businesswire. 

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Despite being well capitalized, the industry saw unrealized losses grow at the end of 2022 to over $100 billion.

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Further, the personal lines segment took a loss of over $30 billion as well, which is almost three times the size of the loss it took the year before.

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You can read more about some of the highlights of that report here.