AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 February 24, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Rating Upgrades Increase for U.S. P/C Insurers in 2021 February 16, 2022 Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results,...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3 January 25, 2022 By Chad Hemenway Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends...
AM Best Says Demand Surge and Inflation to Amplify Colorado Wildfire Losses January 12, 2022 AM Best expects demand surge and rising inflationary pressures on building costs to add to overall loss estimates in the...
AM Best Revised Outlooks to Positive for Aspire General in California December 20, 2021 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and...
A.M. Best Affirms Ratings for The Concord Group Insurance Companies December 14, 2021 A.M. Best has affirmed the financial strength rating (FSR) of A+ (superior) and the long-term issuer credit ratings (long-term ICR)...
AM Best Sees Tornado Losses as Manageable for Insurers December 14, 2021 Analysts at ratings firm AM Best said they expect the insured losses from the tornadoes that devastated central and southern...
Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best December 9, 2021 AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best November 29, 2021 European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory...