SPECIAL REPORT
Mar 11, 2024 09:23 AM (EDT)
Credit Rating downgrades on U.S. property/casualty insurance companies rose to 55 in 2023 compared with 30 in the previous year given the challenging conditions in the personal lines segment, according to a new AM Best Special Report.
Mar 25, 2024 09:08 AM (EDT)
The U.S. property/casualty industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in the prior year, according to a new AM Best report.
Mar 06, 2024 04:33 PM (EST)
Severe weather-related losses, stubborn inflation and upward reinsurance pricing drove the U.S. property/casualty sector’s net underwriting loss to a 10-year high of $38 billion in 2023, according to a new AM Best report.
CATASTROPHES
Mar 27, 2024 03:44 PM (EDT)
It will take time to determine insured losses for the container ship that hit a bridge in Baltimore, as a number of investigations will be involved while efforts get under way to move the ship and tally the damage to the bridge.
Mar 11, 2024 10:12 AM (EDT)
The impact of higher than expected utilization levels for Medicare Advantage products could lead to a deterioration in profitability and adversely impact health insurers’ overall financial results, according to a new AM Best Commentary.
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