SPECIAL REPORT
Dec 06, 2022 09:01 AM (EST)
AM Best is maintaining its negative market segment outlook on the U.S. personal lines insurance segment for 2023, primarily due to significant deterioration in reported results for the personal auto lines of business.
Dec 01, 2022 07:57 AM (EST)
AM Best is maintaining a stable market segment outlook on the U.S. health insurance industry for 2023, citing reduced pressure from COVID-19-related medical costs, as well as diversified revenues and earnings.
RUNOFFS
Dec 07, 2022 04:29 PM (EST)
United Property & Casualty Insurance Co. has agreed to be put into administrative supervision for the rest of its period in runoff.
HURRICANES
Dec 07, 2022 12:04 PM (EST)
Bermuda underwriters face more than $13 billion in U.S. gross claims from Hurricane Ian, according to the Bermuda Monetary Authority. The estimate is from commercial insurers’ market claims data collected by the BMA.
Dec 06, 2022 08:55 AM (EST)
AM Best has maintained its market segment outlook for the U.S. commercial lines segment at stable, noting its strong underwriting performance throughout the COVID-19 pandemic and amid the ongoing economic volatility.
REINSURANCE
Dec 07, 2022 04:17 PM (EST)
The California Earthquake Authority said it thinks its risk-transfer program will fall short of targets as reinsurance market conditions keep hardening.
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