Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Workers’ Compensation Is Doing Well. Is It Time to Worry?
Jan 24 2020 // Although workers’ compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for workers’...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
Workers’ Comp Profits at Risk from Growing Competition, Lower Rates: A.M. Best
Jan 13 2020 // Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and growing competition in the U.S., according to an A.M. Best...
Workers’ Comp Profits at Risk from Growing Competition, Lower Rates: A.M. Best
Dec 24 2019 // Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and growing competition in the U.S., according to an A.M. Best...
Outlooks for Safeway Insurance Group Members Revised to Stable
Dec 19 2019 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of the members of Safeway Insurance Group...
CopperPoint Completes Acquisition of Alaska National, AM Best Upgrades Rating
Dec 17 2019 // Phoenix, Ariz.-based CopperPoint Insurance Cos. has completed its acquisition of Alaska National Insurance Co. The forecasted enterprise financial results as of Dec. 31 are roughly $625 million of written premium, a...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 16 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Ratings of Kansas’ Farmers Alliance Mutual Insurance, Subsidiaries Upgraded
Dec 13 2019 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of McPherson, Kansas-based Farmers Alliance Mutual...
AM Best Downgrades Ratings of Governmental Interinsurance Exchange in Illinois
Dec 11 2019 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in...
Credit Ratings of Illinois’ National Fire and Casualty Downgraded
Dec 10 2019 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of National Fire and Casualty Co. (NFC), based in...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 9 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
A.M. Best Weighs In With Stable Commercial Insurance Outlook for 2020
Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
AM Best Upgrades Rating of Texas Hospital Insurance Exchange
Nov 26 2019 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Texas Hospital Insurance Exchange...
AM Best Withdraws Credit Ratings of Members of Wisconsin County Mutual Group
Nov 25 2019 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” of Community Insurance Corporation and Wisconsin County Mutual Insurance Corp., both domiciled...
AM Best Revises Outlooks to Positive for South Carolina’s Canal Group
Nov 22 2019 // AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (good) and the long-term issuer credit ratings of “bbb+” of Canal Insurance Company and Canal Indemnity...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best
Nov 21 2019 // The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its...
Outlooks Revised to Negative for Members of Texas’ Slavonic Mutual Group
Nov 20 2019 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance...
AM Best Assigns Credit Ratings to North Carolina’s Synergy Insurance Company
Nov 18 2019 // AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” to Synergy Insurance Company based in Charlotte, N.C. The outlook assigned to these credit ratings...
AM Best Comments on California Insurance Co. Ratings Following Regulatory Action
Nov 13 2019 // AM Best on Wednesday said the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of California Insurance Co. and its pooled insurance affiliates, collectively referred to...
