FLORIDA
Oct 10, 2024 03:23 PM (EDT)
The Florida Office of Insurance Regulation has approved six companies to take out more than 310,000 personal property policies from Citizens Property Insurance Corp., the state’s insurer of last resort.
SPECIAL REPORT
Oct 14, 2024 10:16 AM (EDT)
The U.S. title insurance industry saw its volume of direct premium written decline for a second-straight year, by 32% to $14.3 billion in 2023, reflecting housing and macroeconomic trends, according to a new AM Best report.
Oct 01, 2024 08:19 AM (EDT)
U.S. insurers experienced a second straight year of declining income on their private equity investments, which dropped to $7.7 billion in 2023, down from $10.2 billion in 2022, according to AM Best.
Oct 08, 2024 08:38 AM (EDT)
Despite pricing declines, 13 of the 16 competitive U.S. workers’ compensation state funds generated year-over-year growth in net premiums written due to improved economic conditions and strong payroll growth in many states.
Oct 09, 2024 11:58 AM (EDT)
Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely susceptible to significant catastrophic events, according to a new AM Best Commentary.
Oct 08, 2024 07:39 AM (EDT)
AM Best has revised the outlook to stable from negative for Indonesia’s non-life insurance segment, citing factors that include robust growth prospects.
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