AM Best: Unfavorable Operating Performance Key Driver of Downgrades September 11, 2024 Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based...
Self-Fulfilling Rankings Boost Rating Agency Power: Researcher June 6, 2022 Agencies that rate and rank nations, corporations and colleges wield enormous power, influencing investment flows and prompting leaders to pursue...
Insurer Innovation Comes Under the Rating Agency Microscope July 22, 2019 By Russ Banham Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement...
AIG, Fitch Put AIG Under Review Citing Reinsurance Deal, Reserve Adjustment January 27, 2017 By Andrew G. Simpson American International Group won’t be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a “material adverse...
ILS Puts Reinsurance Market on a New Course: Twelve Capital’s Butler Explains How August 19, 2015 By Charles E. Boyle Zurich-based Twelve Capital is only five years old, but it, along with similar companies, has already fundamentally altered the reinsurance...
How Strong Is Florida’s ‘Revived’ Homeowners Market? September 11, 2014 By Barbara Liston As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring...
Willis Exec Warns Mutual Insurers Face Increasing ‘Pricing Pressure’ April 17, 2014 According to David Thomas, CEO of Market Services & Solutions at Willis, Mutual insurers face increasing pricing pressure so must...
S&P Asks Federal Court to Dismiss U.S. Fraud Lawsuit April 23, 2013 By Aruna Viswanatha and Luciana Lopez Standard & Poor’s asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating...
ISO Enhances Wind Rating Program for Underwriting, Pricing Wind Exposure October 1, 2012 ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril....
S&P Balks at SEC Proposal to Disclose Rating Errors August 10, 2011 By Sarah N. Lynch Standard & Poor’s, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S....