US P/C Records $8.2 Billion Underwriting Loss in Q1: AM Best June 15, 2023 A rise in first quarter losses in the homeowners insurance line of business primarily put U.S. property/casualty underwriting results in...
Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase June 14, 2023 By Marnie Muñoz US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums...
AM Best Downgrades Ratings of Farm Bureau Mutual in Arkansas May 18, 2023 AM Best downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to...
AM Best: Current D&O Market Rates Could Prove Inadequate May 17, 2023 By Chad Hemenway Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21 May 16, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in...
AM Best Gives A- Rating to At-Bay Specialty; Fischel Hired as At-Bay CFO April 19, 2023 At-Bay said insurance industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A-...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best April 10, 2023 Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes,...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications April 10, 2023 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible? April 10, 2023 By David Blades Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry...
Ignited by Pandemic Changes, Insurers Embraced Innovation April 5, 2023 By Jahna Jacobson The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened...