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...
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...