Trending News & Highlights |
| AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham explain how declining workplace accidents, controlled medical costs, and strong safety trends continue to sustain the profitability of the workers’ compensation line despite shrinking reserves, soft pricing and broader economic pressures that could test its resilience in 2025.
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| The Texas Windstorm Insurance Association is proposing an 11% decrease for its 2026 budget due to new state laws and a significant decline in loss adjustment expenses related to Hurricane Beryl.
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| California Gov. Gavin Newsom signed a slate of bills to reform the state's Fair Plan, including the creation of a new financing mechanism and expanding coverage to manufactured homes.
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| State Farm General personal and commercial policyholders will start paying a temporary supplemental fee to recoup some of the money the carrier paid to the California FAIR Plan following the catastrophic Los Angeles wildfires.
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| Erin Collins, senior vice president, National Association of Insurance Companies, said new rules aim to stabilize the market, attract capital and promote resilience. Collins spoke with AM Best TV at the NAMIC 130th Annual Convention, San Diego.
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| The California Department of Insurance is threatening to suspend or revoke licenses of Tesla's automobile insurance companies and related State National Insurance Co. based on "systemic failures and willful unfair claims settlement practices."
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| Florida’s Democrat state Senators have each introduced or are readying legislation to address the state’s home insurance costs, which are nearly double the national average, according to Senate Minority Leader Lori Berman of District 26.
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| Homeowners writers were approved for dozens of homeowners rate hikes this year in Utah, a state with low historical catastrophe losses but a rising population and development expanding to more vulnerable areas.
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| Howden US Services LLC is facing fresh accusations it poached an entire team of brokers as part of "coast-to-coast raids" the company is leveraging to build its operations in the United States, according to a lawsuit filed by WTW.
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| A federal court dismissed a request to put a preliminary injunction on new Affordable Care Act Marketplace Integrity and Affordability rules.
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| Symetra Life Insurance Co said it has closed on an acquisition through reinsurance of Dearborn Group's life and disability business in a deal expected to increase its life and disability portfolio to $1.1 billion in premium.
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| Geneau Thames, vice president and general counsel, Harford Mutual, said insurers are establishing frameworks, oversight and policies to address regulatory concerns about artificial intelligence bias and risk. She spoke at the annual convention of the National Association of Mutual Insurance Companies in San Diego.
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| Global specialty insurer and reinsurer SiriusPoint Ltd. will sell its 49% stake in managing general agent Arcadian Risk Capital to Lee Equity Partners LLC for $139 million, it said.
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| Rachel Turk, chief of market performance, Lloyd’s, discusses key trends shaping the insurance industry, from shifting risk to capital and market discipline. Turk spoke with AM Best TV at the Rendez-Vous de Septembre conference, Monte Carlo.
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| Managing general agent platform OneAdvent said its financial lines MGA has expanded with a new Lloyd's capacity agreement and a plan to expand in the European Union and other emerging markets.
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| Bishop Street Underwriters, a company that is part of the RedBird Capital Partners portfolio, said it has acquired London-based managing general agent Avid Insurance.
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| Munich Re Specialty secured regulatory approval to offer commercial insurance in Germany's primary specialty insurance market as part of a European expansion, it said.
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| Trade groups Insurance Europe and the European Insurance CFO Forum are urging the European Commission to take steps to further simplify sustainability reporting standards.
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| Ned Gaines has been named commissioner of the Nevada Department of Insurance, a role he has served in an acting capacity since July.
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| Pennsylvania lawmakers are considering legislation covering how insurers, hospitals and clinics use artificial intelligence, increasing disclosures when AI is used and requiring organizations ensure their systems don't break state discrimination laws.
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| Michigan lawmakers passed a budget that includes a $785,000 increase in funding for the state insurance regulator, a sharp reversal from an earlier version of the budget that cut millions from the department.
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| Tony Gallagher, chief executive officer, Guy Carpenter Asia-Pacific, said the region’s potential has reinsurers focusing on earnings protection and capital management. Gallagher spoke with AM Best TV at the Rendez-Vous de Septembre conference, Monte Carlo.
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Research |
AM Best is of the view that Brazil’s sweeping reforms in its insurance regulatory framework represents an institutional shift for the country’s insurance market, moving toward greater professionalism, consumer protection and international alignment.
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AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.
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AM Best will host its annual Europe Insurance Market and Methodology Briefings on Thursday, 6 November 2025, from 8:30 a.m. to 4:30 p.m. (GMT) at Convene 200 Aldersgate, St. Paul’s in London. Jérôme Jean Haegeli, Swiss Re’s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled, “Economic and Geopolitical Outlook.”
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The U.S. workers’ compensation line of coverage remains a key driver of the profitability of the property/casualty insurance, although economic uncertainty could cause some turbulence for insurers in the near to midterm, according to a new AM Best report.
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Following significant double-digit, year-over-year declines in 2022 and 2023, U.S. title insurance premium bounced back with a 7.2% increase in 2024 on the back of Federal Reserve rate cuts, according to a new AM Best report.
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