A.M. Best comment News

How Social Inflation May Affect Coronavirus Business Interruption Losses

COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue their insurers in an attempt to access their business interruption coverage for losses relating to the coronavirus pandemic. A.M. Best …

Best Says Endurance Ratings ‘Unaffected’ as Charman Replaces Cash as CEO

A.M. Best Co. has commented that the financial strength ratings, issuer credit ratings and debt ratings of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates are “unaffected by the recent announcement that Endurance’s chief executive officer (CEO), David Cash, has …