AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss February 21, 2025 By Chad Hemenway The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in...
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires February 20, 2025 AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the...
First Chicago Insurance Group’s Credit Ratings Upgraded to Positive Outlook by AM Best February 10, 2025 AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed...
AM Best Downgrades Title Insurer’s Ratings February 7, 2025 AM Best has downgraded Connecticut Attorneys Title Insurance Co. (CATIC) of Essex Junction, Vermont. The company’s Financial Strength Rating has...
AM Best: Wildfires Intensifying California’s Property Insurance Troubles February 6, 2025 Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems...
13 US P/C Companies Impaired in 2023: AM Best February 6, 2025 Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM...
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge February 4, 2025 By Dawn Walker, AM Best The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within...
Growth of Pet Insurance Continues as Market Could Reach $4.5B January 29, 2025 By Jahna Jacobson Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a...
AM Best Upgrades Financial Strength Ratings for Employers Holding Subsidiaries January 10, 2025 AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from...
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance January 9, 2025 By Susanne Sclafane Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded...