FLORIDA
Oct 10, 2024 03:23 PM (EDT)
The Florida Office of Insurance Regulation has approved six companies to take out more than 310,000 personal property policies from Citizens Property Insurance Corp., the state’s insurer of last resort.
HURRICANES
Oct 17, 2024 04:24 PM (EDT)
Florida's Office of Insurance Regulation reported $2.34 billion in insured losses so far for Hurricane Milton, with 189,858 claims recorded and 8.4% of them closed, as of Oct. 1.
SPECIAL REPORT
Oct 09, 2024 11:58 AM (EDT)
Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely susceptible to significant catastrophic events, according to a new AM Best Commentary.
Oct 01, 2024 08:19 AM (EDT)
U.S. insurers experienced a second straight year of declining income on their private equity investments, which dropped to $7.7 billion in 2023, down from $10.2 billion in 2022, according to AM Best.
Oct 14, 2024 10:16 AM (EDT)
The U.S. title insurance industry saw its volume of direct premium written decline for a second-straight year, by 32% to $14.3 billion in 2023, reflecting housing and macroeconomic trends, according to a new AM Best report.
Oct 16, 2024 08:35 AM (EDT)
AM Best’s latest special report on the long-term impairment rates of U.S.-domiciled insurance companies states that no insurers rated by AM Best became impaired in 2023.
Oct 16, 2024 08:34 AM (EDT)
A new AM Best study shows that impairments among rated insurers have declined since 2001, as compared with the 24-year period preceding it to 1977.
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