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AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business

Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant, according to a new AM Best commentary. Losses on …

AM Best: Most Homes in Midwest States Uninsured for Flooding

In a commentary on the recent Midwest flooding, AM Best said the states hit hardest by these floods — such as Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than …