Trending News & Highlights |
| AM Best Director Ann Modica and Senior Financial Analyst Kourtnie Beckwith highlight a new Best's Market Segment Report, which finds title insurance transactions are highly correlated with changes in U.S. monetary policy.
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| Edin Imsirovic, director, AM Best, said data fragmentation and workflow complexity are barriers to insurance innovation. Imsirovic spoke with AM Best TV at the InsureTech Connect 2025 conference, Las Vegas.
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| Jason Hopper, associate director, outlines a new Best's Special Report that determines only about 45% of insurers reported underwriting profitability in 2024 for Managed Medicaid.
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| MS&AD subsidiary and Hawaii-only property/casualty writer DTRIC plans to stop writing business, according to the Hawaii Insurance Division.
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| Global broker Acrisure said it plans to lay off about 400 accounting employees next year as technology and automation advances, "driving systemic change across industries."
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| Progressive Corp.'s third-quarter net income increased 12% from a year earlier to $2.62 billion even as it recorded a $950 million policyholder credit expense for Florida automobile customers.
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| Travelers Cos. Inc. homeowners and other premiums in force declined in the third quarter while the insurer increased renewal premium pricing 18% to align with replacement costs, said Personal Insurance President Michael Klein.
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| Macroeconomic conditions led Marsh McLennan Cos. Inc. to flat third-quarter net income amid falling rates as the broker's chief executive officer lashed out at competitors for talent poaching.
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| Marsh McLennan said it will change its brand to Marsh in 2026 as the broker also created a new unit called Business and Client Services to accelerate innovation and centralize operational investments, data, artificial intelligence and analytics.
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| In a federal lawsuit, Geico Insurance Co. is accusing clinics, doctors and other health care professionals in Florida of submitting thousands of fraudulent personal injury protection charges and wrongfully obtaining more than $2.9 million.
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| Markel Insurance continues restructuring, planning to replace by year-end international wholesale and national markets divisions with five businesses based largely on geography.
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| Kathleen Reardon, chief executive officer, Hiscox Re & ILS, discusses capital trends and resilience strategies in the evolving insurance market. Reardon spoke with AM Best TV at the Rendez-Vous de Septembre conference, Monte Carlo.
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| The U.S. Internal Revenue Service has raised the limit on the greater of net written premiums or direct written premiums to $2.9 million for 831(b) insurers as part of a larger package of inflation-adjusted modifications to tax rates.
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| Fairfax Financial Holdings Ltd. said it entered into a "term sheet" with Eurobank Ergasias Services and Holdings S.A. to have Eurobank or an affiliate acquire an 80% equity interest owned by Fairfax in the life insurance business operated by Eurolife FFH Insurance Group Holdings S.A. for €813 million ($940.9 million) in cash.
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| Tryg A/S posted lower profit in the third quarter as a rise in insurance results wasn't enough to overcome a drop in its investment results.
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| Tim Quayle, chief executive officer of OneAdvent, discusses how managing general agents can stay nimble in changing markets, and why underwriting-first strategies drive success. Quayle spoke with AM Best TV at the Rendez-Vous de Septembre conference, Monte Carlo.
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| The National Association of Insurance Commissioners Annuity Suitability Working Group is extending the comment period until Oct. 24 on draft guidance that clarifies how insurers can use comparable federal and industry standards to meet Suitability in Annuity Transactions model regulations.
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| The New York Department of Financial Services fined eight automobile insurers and agencies more than $19 million for violating the department's cybersecurity regulations by having inadequate controls in place.
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| Illinois Director of Insurance Ann Gillespie wants the courts to order State Farm to release nationwide homeowners data requested by regulators nearly a year ago.
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| Idaho workers' compensation rates will decline 2.5% in 2026 as positive trends — such as declines in claims frequency — continue, according to filings from the National Council on Compensation Insurance.
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| A bill was introduced in the Florida Senate that would require human employees to make decisions to deny claims and prevent artificial intelligence from being the sole basis for such a decision.
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| A bill was introduced in the Florida Senate that would expand disclosure and reporting requirements pet insurers face and update continuing education requirements for agents selling the line.
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| Strategic Limited Partners LP is ceasing all insurance-related business by the end of this year in Minnesota for operating as an unlicensed health insurer, according to a settlement with the Minnesota Department of Commerce.
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| As part of its acquisition of minority stakes in two Indian insurers from Allianz SE, Bajaj Finserv Ltd. is changing the names of the companies.
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| Hong Kong Life Insurance Ltd. said Chinese group Yuexiu Enterprises (Holdings) Ltd. completed its acquisition of the life insurer and the acquirer will inject HK$1 billion ($130 million) into the insurer for growth.
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Research |
Despite progress on sweeping reforms to its insurance regulations, Argentina remains a volatile environment for insurers due to high inflation, currency depreciation and investment uncertainty, which pressures solvency ratios and complicates capital management, according to a new AM Best commentary.
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AM Best will host an insurance market briefing on the state of Canada’s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025.
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After generating nearly $33 billion in underwriting gains in the most recent four-year period, the Managed Medicaid segment posted a $3 billion underwriting loss in 2024 due to rising utilization and declining enrollment. According to a new AM Best report, a return to profitability for this segment may take longer than expected given increased acuity and medical cost trends.
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The U.S. government shutdown has halted a key federal agency’s ability to renew existing flood insurance policies or even underwrite new coverage through the National Flood Insurance Program (NFIP), potentially affecting millions of homeowners as the Atlantic hurricane season enters its final weeks, according to the new AM Best report.
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The economic environment across sub-Saharan Africa (SSA) has been challenging in recent years, though analysis in a new special report from AM Best shows that the region's reinsurers have been resilient amid these complexities.
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AM Best is of the view that Brazil’s sweeping reforms in its insurance regulatory framework represent an institutional shift for the country’s insurance market, moving toward greater professionalism, consumer protection and international alignment.
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AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.
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AM Best will host its annual Europe Insurance Market and Methodology Briefings on Thursday, 6 November 2025, from 8:30 a.m. to 4:30 p.m. (GMT) at Convene 200 Aldersgate, St. Paul’s in London. Jérôme Jean Haegeli, Swiss Re’s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled, “Economic and Geopolitical Outlook.”
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The U.S. workers’ compensation line of coverage remains a key driver of the profitability of the property/casualty insurance, although economic uncertainty could cause some turbulence for insurers in the near to midterm, according to a new AM Best report.
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