SPECIAL REPORT
Sep 28, 2022 08:39 AM (EDT)
An active year for mergers and acquisitions in 2021 and large block reinsurance transactions led to a 41% increase in admitted assets owned by private equity firms in 2021, according to a new AM Best special report.
HURRICANES
Sep 29, 2022 04:49 PM (EDT)
Experts are projecting Hurricane Ian insured losses of more than $40 billion, which would exceed the inflation-adjusted $36 billion inflicted by Hurricane Ida and its remnants last year.
Sep 28, 2022 10:38 AM (EDT)
Given the minor damage reported from recent earthquakes in Mexico, AM Best does not expect large insurance losses for the country’s insurance companies.
Sep 29, 2022 11:46 AM (EDT)
The U.S. homeowners insurance segment has generated operating profits in three of the last five years, including net profit of almost $2.5 billion in 2021. However, according to a new AM Best report, the segment could be snagged by an increase in weather events.
Sep 27, 2022 05:56 PM (EDT)
Hurricane Ian will be the first test of Florida’s newly created reinsurance program, a temporary arrangement enacted by lawmakers in an effort to stabilize the state’s troubled property insurance market, according to a new AM Best Commentary.
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