U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best October 3, 2022 By Chad Hemenway A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market...
Hurricane Fiona Losses Depend on Business Interruption, Cause September 22, 2022 AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused...
AM Best Viewpoint: The Value of MGAs in a Hardening Market September 20, 2022 By Myles Gould and Riley Parnum The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken September 9, 2022 By Chad Hemenway AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance...
Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021 September 7, 2022 Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best September 6, 2022 Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review August 22, 2022 AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term...
BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region August 3, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these...
Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available August 2, 2022 By William Rabb Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best July 29, 2022 Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an...