2022 In Review: It Was Bad March 10, 2023 The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing...
SoCal Storms, Back-to-Back Hurricanes in South Central Part of New Normal? March 2, 2023 By Don Jergler A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
AM Best Downgrades California Earthquake Authority Credit Ratings January 18, 2023 AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market January 17, 2023 Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading...
AM Best Downgrades Mid-Hudson Group December 14, 2022 Insurer analysts at AM Best have downgraded the ratings of three companies in the Mid-Hudson Group citing a 32.7% decline...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation December 8, 2022 As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but...
Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings December 8, 2022 The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs December 7, 2022 Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises...