Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best July 18, 2023 Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as...
AM Best Places Iowa’s GuideOne Under Review With Negative Implications July 17, 2023 AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term...
The Pros and Cons of Going Private June 21, 2023 By L.S. Howard In the days before hedge fund manager Daniel Loeb decided to drop the buyout of SiriusPoint, Carrier Management asked analysts...
AM Best Issues Negative Oulook for Allegany-Conemaugh Group June 19, 2023 AM Best has revised the outlooks to negative from stable for Allegany Co-op Insurance Co., in Cuba, New York, and...
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-...