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AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company
Apr 30 2025 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
Apr 30 2025 // Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
New Report Shows Rise in Cargo Theft, With Three States Leading the Way
Apr 29 2025 // Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top...
Forecast Calls for Wildfires to Burn More Land Across US This Year
Apr 25 2025 // A long-range forecast predicts wildfires will burn more land across the U.S. this year, with a potentially active spring in places and a build up into summer. An AccuWeather forecast out on Wednesday calls for 7 to 9...
Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend
Apr 24 2025 // Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1...
Report: California’s New Vehicle Market Outlook Clouded by Tariffs
Apr 23 2025 // New vehicle registrations in California rose 8.3% in the first quarter of 2025 compared with the same period a year earlier, putting the state above a nationwide 4.6% increase in a buying surge that may have been driven by...
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