Latest S&P Headlines

All the headlines from our S&P Topic Page, ordered by recency.

Another Downgrade for State Farm General: S&P Lowers Rating to A-

Aug 14 2025 // Earlier this month, Standard & Poor’s Global Ratings announced another downgrade for State Farm General Insurance Co., lowering the California company’s financial strength rating to A- in spite of a show of...

Competition Among European P/C Insurers Is Rising, Along With Claims Inflation: S&P

Jul 23 2025 // Competition among European non-life primary insurers is increasing, despite rising claims inflation, according to S&P Global Ratings in a report on the European insurance sector. Property/casualty commercial insurers...

Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P

Mar 5 2025 // Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which could top A$2billion (US$1.3 billion), according to a report published by...

S&P Puts State Farm General on CreditWatch

Feb 26 2025 // Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm...

S&P Reveals Top 50 Largest P/C Insurers

Oct 25 2024 // As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market...

State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P

Sep 26 2024 // State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as...

Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P

Jun 28 2024 // In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global...

US Home Insurers Post Net Combined Ratio Over 110: S&P

May 23 2024 // The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business,...

S&P: 2023 Marked Stall of Rapid Growth in US Cyber Insurance

May 22 2024 // S&P Global Market Intelligence weighed in on the U.S. cyber insurance marketplace, reporting that premium dipped in 2023 to end several years of rapid growth. The overall 0.7% decline in cyber insurance direct written...

Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P

May 16 2024 // The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P Global Market Intelligence. The combined ratio for the industry’s personal...

MS Reinsurance Gets Ratings Upgrades From AM Best and S&P

May 2 2024 // MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the...

Women Lost C-Suite Seats in Corporate America, S&P Says

Apr 5 2024 // Women’s representation in senior level positions at US companies faces an “alarming turning point,” with steady growth showing signs of fatigue for the first time in two decades, according to a new...

Panama Canal Drought Could Threaten Global Supply Chains, S&P Says

Apr 4 2024 // The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on...

Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says

Mar 22 2024 // Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence...

S&P Says Flooding Events for California Cities and Counties May Result in Credit Risks

Mar 6 2024 // California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers...

S&P Upgrades Lloyd’s Financial Strength Rating to AA-

Dec 15 2023 // S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook stable. The rating upgrade reflects the improvement in...

S&P: Struggles in Personal Auto Insurance to Subside More Slowly Than Expected

Nov 20 2023 // S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously...

Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

Nov 6 2023 // Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each to lead all other insurers. According to S&P Global Market...

S&P: Struggles in Personal Auto Insurance to Subside Slower Than Expected

Oct 19 2023 // S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously...

Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

Oct 4 2023 // Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each to lead all other insurers. According to S&P Global Market...