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Property/casualty combined ratio in Q3 deteriorates: S&P Global

The third-quarter combined ratio for the U.S. property/casualty insurance industry worsened to around 106.6% from 103.7% in the second quarter — its highest level since 2017, Standard & Poor’s Global Market Intelligence said in a report Tuesday. The deterioration in the industry’s key measure of profitability came as personal lines insurers felt the brunt of …

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