US P&C sector slips to 2016 underwriting loss: AM Best

Last year saw the US property and casualty insurance sector fall to
an underwriting loss for the first time since 2012 when Hurricane
Sandy hampered profitability, according to AM Best analysis of 2016
annual statutory statements.
The agency said the industry's joint combined ratio
deteriorated 2.9 points to 100.7 percent compared with 2015, as
higher cat losses and lower reserve releases impacted underwriting
results.
The news comes after full-year financials from individual
companies that incl