A second consecutive year of private auto profitability bodes well for the industry's near-term prospects even as some clouds loom on the horizon, S&P Global Market Intelligence's US P&C Insurance Market Report says.
The report, which contains new P&C insurance industry projections for 2019 through 2023, predicts a combined ratio of 98.4% in 2019 as ongoing private auto profitability helps keep the industry in the black.
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