SPECIAL REPORT
Nov 29, 2023 09:19 AM (EST)
AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected.
PEOPLE IN INSURANCE
Nov 28, 2023 05:47 PM (EST)
Berkshire Hathaway Vice Chairman Charlie Munger died peacefully at a California hospital, the company said. He was 99. The company announced Munger’s death in a news release, saying it was notified by Munger’s family.
Nov 30, 2023 08:43 AM (EST)
AM Best is maintaining its stable outlook on the U.S. life/annuity market segment for 2024, noting its strong liquidity and capital positions, robust annuity sales and slightly improved new money yields in a benign credit environment.
NATIONAL FLOOD INSURANCE PROGRAM
Nov 17, 2023 02:44 PM (EST)
President Joe Biden signed a spending measure keeping the federal government open for business, including the National Flood Insurance Program.
Nov 28, 2023 01:42 PM (EST)
The U.S. nonstandard auto insurance segment continues to experience poor results, although the first-half 2023 underwriting loss of $333 million was an improvement over the $773 million loss seen in the same previous-year period.
Nov 27, 2023 11:42 AM (EST)
AM Best is maintaining its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and performance on a global basis and the ongoing ability to address underserved and emerging risks.
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