Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Assigns Credit Ratings to Centerline Property & Casualty of Tennessee
May 30 2019 // AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Centerline Property and Casualty Insurance Co., headquartered in Knoxville, Tenn. The outlook...
Insurers Face Minimal Losses from Peru and Ecuador Earthquake: A.M. Best
May 29 2019 // A.M. Best said it does not foresee a major impact to the domestic insurance markets in Peru or Ecuador following a significant earthquake centered in Peru that also affected several provinces in neighboring Ecuador. On May...
Growth in Construction, Freight Has Been Good News for Inland Marine Insurance
May 23 2019 // The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018...
P/C Insurance Industry’s Net Underwriting Income Up 24% in Q1, Reports A.M. Best
May 21 2019 // The U.S. property/casualty industry posted net underwriting income of $4.2 billion in first-quarter 2019, a 24.0% increase from the same period in the previous year, according to preliminary financial results. According to...
AM Best Affirms Ratings of Third Point Re While Revising Outlook to Negative
May 17 2019 // AM Besthas 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-” of Bermuda-based Third Point...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed
May 16 2019 // Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the program isn’t renewed by the end of 2020, ratings firm A.M. Best has...
Outlooks Revised to Stable for Illinois’ Specialty Risk of America
May 16 2019 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Specialty Risk of America (SPRISKA) in...
A.M. Best Ugrades Ratings of AmeriTrust Group Subsidiaries
May 13 2019 // AmeriTrust Group Inc.’s five insurance carrier subsidiaries have received an upgraded Financial Strength Rating (FSR) of “A-” (Excellent) from A.M. Best, the insurance industry credit rating...
Best Downgrades Credit Ratings of Alabama-Based Alfa Insurance Group Members
Apr 18 2019 // AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Alfa Insurance Group....
Commercial Auto Forecast Improves, But Not Much: A.M. Best
Apr 15 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
AM Best Upgrades Issuer Credit Rating of Louisiana Workers’ Comp Insurer Stonetrust
Apr 12 2019 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Stonetrust Commercial Insurance Co....
AM Best: Most Homes in Midwest States Uninsured for Flooding
Apr 9 2019 // In a commentary on the recent Midwest flooding, AM Best said the states hit hardest by these floods — such as Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured...
AM Best Downgrades Ratings of Tokio Marine GRV Re in Oklahoma City
Apr 7 2019 // AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “aa+” of Tokio Marine GRV Re Inc....
Commercial Auto Market Should Improve This Year But Not a Lot: A.M. Best
Apr 4 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
Insurers Cautious About Marijuana Insurance Market
Apr 1 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report, “Cannabis:...
Rates, Lower Loss Frequency, Innovation Drove Personal Auto Market Turnaround
Mar 29 2019 // After a weakened performance in 2015-2016, the U.S. private passenger auto segment has turned around as rate actions and underwriting initiatives have driven a 3.8-point year-over-year improvement in the sector’s...
Credit Ratings Assigned to Midwest Insurance Group by AM Best
Mar 27 2019 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” to Midwest Insurance Co. of Springfield, Illinois, and its affiliate, West River Insurance Co. in...
Ratings of Louisiana Farm Bureau Mutual Insurance Upgraded
Mar 15 2019 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Louisiana Farm Bureau Mutual Insurance Co....
AM Best Revises Outlooks for Virginia Farm Bureau Mutual Insurance Company
Mar 14 2019 // AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” for the members of the Virginia Farm Bureau...
Insurers Remain Cautious About Marijuana Insurance Market
Mar 14 2019 // The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key...
