private passenger non-standard automobile News

Inflation, Loss Severity May Curb Nonstandard Auto Market’s Positive Momentum

Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive market trends, AM Best reports. Also, smaller players in …

Outlook for Dallas-Based MGA Insurance Revised to Positive

A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of MGA Insurance Co. Inc. (MGA) in Dallas and affirmed its ICR of “bbb.” Concurrently, A.M. Best has affirmed the financial strength rating of …