Latest AM Best Headlines

All the headlines from our AM Best Topic Page, ordered by recency.

AM Best Downgrades Vermont Mutual to ‘A’ Rating; Cites Improvements in 2024 Results

Mar 5 2025 // AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “aa-” (Superior) of Vermont Mutual Insurance...

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

Mar 3 2025 // Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O...

AM Best Revises Outlook to Negative for Michigan’s Hastings

Feb 25 2025 // AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+”...

AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss

Feb 21 2025 // The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S. P/C...

AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires

Feb 20 2025 // AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of...

AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition

Feb 20 2025 // AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from...

AM Best Revises Under Review Status to Positive for Farm Bureau of Arkansas

Feb 19 2025 // AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Farm Bureau...

First Chicago Insurance Group’s Credit Ratings Upgraded to Positive Outlook by AM Best

Feb 10 2025 // AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICRs of “bb”...

AM Best Downgrades Title Insurer’s Ratings

Feb 7 2025 // AM Best has downgraded Connecticut Attorneys Title Insurance Co. (CATIC) of Essex Junction, Vermont. The company’s Financial Strength Rating has been downgraded to to B (Fair) from B++ (Good) and the Long-Term Issuer...

AM Best: Wildfires Intensifying California’s Property Insurance Troubles

Feb 6 2025 // Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year,...

13 US P/C Companies Impaired in 2023: AM Best

Feb 6 2025 // Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM Best report. The insurance company impairments identified in the U.S....

AM Best Revises Outlook to Positive for RLI

Jan 31 2025 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the...

People Moves: AM Best Names Johnson Chief Ratings Officer, Holzberger Chief Operating Officer

Jan 13 2025 // Ken Johnson AM Best, headquartered in Oldwick, New Jersey, appointed Kenneth J. Johnson as senior managing director and chief ratings officer. Stefan Holzberger moved into the role of executive vice president and chief...

AM Best Upgrades Financial Strength Ratings for Employers Holding Subsidiaries

Jan 10 2025 // AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from A- (Excellent) and their Long-Term Issuer Credit Ratings (Long-Term ICR) to...

When EVs Take Off: AM Best Reviews Impact on China Motor Insurance

Jan 9 2025 // Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report. According to the report,...

AM Best Removes Negative Implications on Oklahoma’s Sutton National

Jan 7 2025 // AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sutton Specialty Insurance...

AM Best: Increasing Political, Terror Risk Could Lead to More Demand for Coverage

Jan 6 2025 // Authorities have said there is no evidence that the truck attack in New Orleans on New Year’s Day was directed by the Islamic State but the incident – as well as the same-day truck explosion outside a hotel in Las...

AM Best Report Cites MGA’s Role in Insurer Insolvencies

Dec 18 2024 // This story has been edited for clarity. In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not...

AM Best Revises Outlook to Positive for CNA

Dec 5 2024 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the...

AM Best: US P/C Industry Reverses Nine-Month Underwriting Loss

Dec 4 2024 // Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss...