AM Best upgraded the U.S. personal auto insurance outlook to stable due to improved rates and conditions.

AM Best upgraded the outlook for the US personal auto insurance industry from negative to stable, citing improved rate adequacy, better regulatory conditions, and higher investment yields. The segment's performance improved in 2024, with a significant drop in loss ratios and carriers raising rates to address cost trends. AM Best also noted that technological advancements are boosting operational efficiency.

November 25, 2024
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