SPECIAL REPORT
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.
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.
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.
Nov 05, 2024 08:46 AM (EST)
The value of surrendered annuity policies among U.S. life/annuity writers increased 19% through the first half of 2024, compared with the same prior-year period, according to a new AM Best report.
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