US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion...
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best June 24, 2024 By Chad Hemenway According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best June 21, 2024 The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a...
P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best June 12, 2024 The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to...
AM Best Revises Outlooks to Stable, Affirms Excellent Ratings for MEMIC Group May 31, 2024 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and...
US P/C Insurers Hit Record Investment Income in 2023 May 31, 2024 The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest...
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight May 24, 2024 Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing...
AM Best: Social Inflation Key Factor in Rise of Loss Severity May 13, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
Personal Auto Insurers Have Edge on Innovation: AM Best May 10, 2024 After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto...
AM Best Revises Ohio Indemnity Company’s Outlook to Positive May 9, 2024 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and...