Problems in Personal Umbrella (Aug. ’24)
In our August ’24 Assured Briefing we analyzed deep financial problems in the $6 bil. market for personal umbrella insurance. 13 of top 20 leading writers posted an U/W loss in 2023. Their average combined ratio? 146%! Market leader State Farm nearer 184%. We examine results and reactions in our latest Assured Briefing and at this quick hit YouTube video: https://bit.ly/3zMNZbH