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AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
Oct 23 2026 // AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
New York City Bans Horse-Drawn Carriages After Decade-Long Battle
Oct 23 2026 // New York’s City Council voted to ban horse-drawn carriages, ending a Central Park tourist staple dating to the 19th century after years of debate over the horses’ place on city streets. The Council voted 40 to...
Insurance M&A Down 27% in Q3 2026: OPTIS
Oct 22 2026 // Insurance agency mergers & acquisitions in the third quarter of 2026 were down 27% compared with the same period last year. In its latest report, investment banking and financial consulting firm OPTIS Partners said...
Global Insured Catastrophe Losses Fall to Lowest 9-Month Level Since 2019: Report
Oct 21 2026 // Global insured losses from natural catastrophes reached US$92 billion during the first nine months of 2026, 29% below the 10-year average (US$128 billion) and the lowest year-to-date insured loss total since 2019,...
Storm Austen Will Be Stronger Than Forecast Along UK Coasts
Oct 21 2026 // Britain’s first named storm of the autumn will be stronger than previously thought when it sweeps across the country later this week. Gusts from Storm Austen may reach 80 miles (129 kilometers) per hour in coastal...
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses
Oct 21 2026 // Third quarter 2026 net income at insurer Chubb was up 1.5% compared to the same period in 2025 to about $2.84 billion, with property/casualty underwriting income down 8.8% to about $2.06 billion. Pretax net catastrophe...
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