A.M. Best & Co. Inc. said Tuesday it has revised its outlook for the U.S. commercial property insurance market from negative to stable, citing ongoing rate increases by insurers and a decline in business interruption claims.
The U.S. personal lines insurance industry has earned a continued AM Best market segment outlook of stable heading into 2022 due to strong fundamentals in the sector, the ratings entity said in a new report.
Although the potential benefits of driverless motor vehicles are significant, designers must first address key automation challenges before these vehicles are ready and accepted by the public for widespread use.
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