SPECIAL REPORT
Nov 21, 2024 10:09 AM (EST)
AM Best is maintaining its market segment outlook for the delegated underwriting authority enterprise segment at positive, citing its sustained growth and niche expertise, despite potential issues that could arise.
Nov 13, 2024 08:00 AM (EST)
The U.S. commercial auto insurance segment incurred a net loss of $5 billion in 2023, with results in the first half of 2024 showing further deterioration from the prior year period, according to a new AM Best report.
Nov 19, 2024 08:05 AM (EST)
AM Best’s estimate for ultimate net asbestos losses is being maintained at $100 billion, with environmental losses also holding steady for another year at $46 billion, as of year-end 2023 data, according to a newly issued report.
FRAUD
Nov 13, 2024 02:56 PM (EST)
Former insurance executive Greg Lindberg admitted guilt in a $2 billion scheme to defraud regulators, insurers and policyholders, as well as related money laundering charges, according to the U.S. Department of Justice.
Nov 20, 2024 07:56 AM (EST)
AM Best has maintained its market segment outlook for the global reinsurance segment at positive, citing robust underwriting returns and the potential for solid full-year 2024 results despite an active Atlantic hurricane season.
LIFE INSURANCE
Nov 19, 2024 03:59 PM (EST)
Global industry standards-setting body ACORD has published a standardized life insurance application designed to improve efficiency and accuracy for carriers and distributors, the group said.
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