Sep 21, 2023 08:14 AM (EDT)
U.S. life/annuity insurers increased their holdings in mortgage loans by 8% in 2022, reaching $691.2 billion, according to a new AM Best report.
Sep 26, 2023 10:07 AM (EDT)
Elevated frequency of natural catastrophes and secondary perils in the first half of 2023 continue to drive deterioration within the U.S. homeowners insurance segment’s financial results, according to a new AM Best special report.
Sep 25, 2023 08:18 AM (EDT)
Net income for U.S. life/annuity insurance industry decreased by 39.5% in the first half of 2023, dropping to $13.2 billion from $21.9 billion in the same prior-year period, according to a new AM Best report.
Sep 25, 2023 08:02 AM (EDT)
Given the strong recovery in Mexico’s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country’s insurance segment to stable from negative.
Sep 25, 2023 03:49 PM (EDT)
About 100,000 Citizens Property Insurance Corp. policyholders in Florida are getting late notices of depopulation offers as the volume of notifications overwhelmed a Citizens vendor.
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