AM Best Outlook of US E&S Market Revised to ‘Positive’ November 9, 2023 Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to...
AM Best Withdraws Credit Ratings of Civil Service Employees Insurance Co. and CSE Safeguard Insurance Co. in California October 19, 2023 AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings...
Down, Down, Down….AM Best P/C Downgrades Outpacing Upgrades October 17, 2023 The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled...
Despite Lower Premium Volume, U.S. Title Insurers Continue to Post Solid Results October 12, 2023 The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit October 4, 2023 By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist September 18, 2023 The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best September 14, 2023 Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking...
First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022 September 12, 2023 The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023...
2023 to Test Recent Growth in Private Flood Insurance Market August 29, 2023 By Chad Hemenway The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best August 23, 2023 By L.S. Howard Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for...