A.M. Best has maintained a negative outlook on the commercial lines segment of the U.S. property and casualty industry for 2017, saying that continuing pressure points are likely to drive deterioration in results through the year.
Workers’ compensation and general liability rates remain under pressure, and most property lines of business continue to see rate reductions, according to the new A.M. Best Briefing, “Commercial Lines Outlook Remains Negative as Market Conditions Become Increasingly Competitive Across the Segment.”
A.M. Best said the segment is bein...
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