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AM Best: Social Inflation Key Factor in Rise of Loss Severity

AM Best: Social Inflation Key Factor in Rise of Loss Severity

Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to a new AM Best...

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Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes

Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes

An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. A Fannie Mae spokesperson said the...

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