Insurers pile on risk as payouts fall to lowest level in 20 years

Payouts in Property and Casualty Insurance Hit 20-Year Low

Property and casualty insurers are experiencing a significant drop in payouts, reaching their lowest level in two decades. This trend has coincided with an influx of capital into the sector, leading to reduced premiums. The industry is now preparing for a potential economic downturn, partly driven by these financial dynamics. The source text does not specify which companies or individuals are involved.

Original Source: https://www.ft.com/content/a0e69cf2-c3d4-412b-b78b-a6171b7ed020?syn-25a6b1a6=1