AM Best Downgrades Credit Ratings of Topa in California March 20, 2023 AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
Government’s SVB Intervention Saved Insurers From Significant D&O Claims March 15, 2023 By Chad Hemenway Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers...
2022 In Review: It Was Bad March 10, 2023 The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing...
SoCal Storms, Back-to-Back Hurricanes in South Central Part of New Normal? March 2, 2023 By Don Jergler A new AM Best commentary on the latest winter storm to hit Southern California drives home the growing risk and...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
AM Best Downgrades California Earthquake Authority Credit Ratings January 18, 2023 AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market January 17, 2023 Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading...
AM Best Downgrades Mid-Hudson Group December 14, 2022 Insurer analysts at AM Best have downgraded the ratings of three companies in the Mid-Hudson Group citing a 32.7% decline...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation December 8, 2022 As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but...