AM Best Report Cites MGA’s Role in Insurer Insolvencies December 18, 2024 By William Rabb This story has been edited for clarity. In May of 2022, as Florida lawmakers debated solutions to the Florida property...
Nonstandard Auto Segment Posts Profit for First Half 2024 December 13, 2024 By Jahna Jacobson While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding...
AM Best: US P/C Industry Reverses Nine-Month Underwriting Loss December 4, 2024 Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S....
AM Best Revises Outlook for US Personal Lines Insurance Segment to ‘Stable’ December 2, 2024 AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing...
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ November 25, 2024 By Chad Hemenway Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023 November 14, 2024 After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability October 30, 2024 By Christopher Graham Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for...
State Residual Markets See Policy Count Double in 5 Years: AM Best October 22, 2024 State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more...
People Moves: Gillard Named President of AM Best Rating Services, Succeeding Mosher October 3, 2024 AM Best, headquartered in Oldwick, New Jersey, named James A. Gillard Jr. as president of A.M. Best Rating Services, Inc.,...