Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best November 30, 2023 By L.S. Howard Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create...
AM Best: Adverse Results Linger For Nonstandard Auto November 30, 2023 By Allen Laman AM Best reported a net underwriting loss of $333 million for the U.S. nonstandard auto insurance segment during the first...
AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments November 22, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in...
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best November 15, 2023 By Allen Laman AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today,...
AM Best Outlook of US E&S Market Revised to ‘Positive’ November 9, 2023 Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to...
AM Best Withdraws Credit Ratings of Civil Service Employees Insurance Co. and CSE Safeguard Insurance Co. in California October 19, 2023 AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings...
Down, Down, Down….AM Best P/C Downgrades Outpacing Upgrades October 17, 2023 The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled...
Despite Lower Premium Volume, U.S. Title Insurers Continue to Post Solid Results October 12, 2023 The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit October 4, 2023 By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist September 18, 2023 The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of...