AM Best: Current D&O Market Rates Could Prove Inadequate May 17, 2023 By Chad Hemenway Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the...
AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21 May 16, 2023 Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, P/C insurers performed well in...
AM Best Gives A- Rating to At-Bay Specialty; Fischel Hired as At-Bay CFO April 19, 2023 At-Bay said insurance industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A-...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best April 10, 2023 Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes,...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications April 10, 2023 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible? April 10, 2023 By David Blades Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry...
Ignited by Pandemic Changes, Insurers Embraced Innovation April 5, 2023 By Jahna Jacobson The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened...
AM Best Revises Outlooks to Negative for Virginia’s Northern Neck Insurance March 31, 2023 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022 March 23, 2023 The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5...
Cannasure Quickly Moving New and Renewal Business from Topa in California March 20, 2023 By Don Jergler It appears one of the nation’s better known cannabis insurance specialists is having to do some scrambling after AM Best...