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...
AM Best Revises Outlooks to Negative for Virginia’s Northern Neck Insurance March 31, 2023 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022 March 23, 2023 The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5...
Cannasure Quickly Moving New and Renewal Business from Topa in California March 20, 2023 By Don Jergler It appears one of the nation’s better known cannabis insurance specialists is having to do some scrambling after AM Best...
AM Best Downgrades Credit Ratings of Topa in California March 20, 2023 AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
Government’s SVB Intervention Saved Insurers From Significant D&O Claims March 15, 2023 By Chad Hemenway Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers...
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...