Best's Market Segment Report: COVID-19 Cuts Into Profitability of U.S. Inland Marine Insurance Market
Press release content from Business Wire. The AP news staff was not involved in its creation. Best’s Market Segment Report: COVID-19 Cuts Into Profitability of U.S. Inland Marine Insurance Market April 22, 2021 GMT OLDWICK, N.J.--(BUSINESS WIRE)--Apr 22, 2021-- The U.S. inland marine insurance segment experienced a significant downturn in profitability in 2020, with its loss ratio deteriorating by nearly 16 percentage points amid the COVID-19 pandemic, according to a new AM Best report. The Best’s Market Segment Report, “Significant Impact on Inland Marine Insurers’ Profitability fr...