SPECIAL REPORT
Oct 18, 2024 04:51 PM (EDT)
Credit Rating downgrades in the U.S. life/annuity and health insurance segments in first-half 2024 more than doubled compared with the same prior-year period, primarily due to deterioration in risk-adjusted capitalization.
Oct 23, 2024 08:25 AM (EDT)
Despite a manageable level of catastrophe activity during the first half of 2024, Canada’s property/casualty insurers faced four major events in this year’s third quarter which should lead to another record year for losses.
Oct 21, 2024 09:21 AM (EDT)
Residual property insurance markets have experienced an influx of personal lines business that far exceeds its commercial lines counterpart, especially in states that are being more directly affected by the growing frequency of events.
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.
Oct 23, 2024 08:24 AM (EDT)
Canada’s economy continues to grow, supported by a still favorable labor market, rising asset prices and falling inflation, according to a new AM Best report.
Sales growth and favorable interest rates over the past year have bolstered the performance of Canada’s life/annuity insurers amid their smooth transition to IFRS 17 accounting standards, according to a new AM Best report.
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