2023 Underwriting Losses Improve but Persist in US P/C Industry March 26, 2024 By Allen Laman and Susanne Sclafane The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM...
Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023 March 12, 2024 AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number...
Pie’s Financial Strength Rating of A- Under Review by AM Best March 11, 2024 By Chad Hemenway Insurance industry rating agency AM Best on Friday put the financial strength rating of Pie Insurance Group under review with...
US P/C Industry Underwriting Loss Reaches 10-Year High: AM Best March 7, 2024 Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 4, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...
AM Best Puts Credit Ratings of Casualty Underwriters in Utah Under Review February 27, 2024 AM Best placed under review with negative implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit...
AM Best Upgrades Credit Ratings of Aspire General in California February 26, 2024 AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to...
AM Best Says Losses from California Storms Largely Uninsured, Underinsured February 9, 2024 The economic losses from the latest round of California storms will be significant, with many of these losses may not...
AM Best Revises Outlooks to Negative for Amica Mutual February 5, 2024 Insurance rating firm AM Best has revised the outlooks to negative from stable and affirmed the superior credit ratings of...