The US homeowners insurance industry posted its worst underwriting results in over a decade in 2023 as its net combined ratio surpassed 110.0%. The net combined ratio for the homeowners business, excluding policyholders' dividends, was 110.5% in 2023, the highest since recording a ratio of 121.9% in 2011, according to analysis by S&P Global Market Intelligence. Over the previous 20 years, the combined ratio for the business line industrywide has surpassed 110% only one other time, and that was in 2008 when the ratio was 116.2%. If factoring in policyholders...