This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News: Lackluster Underwriting Results Lead List of Reasons Insurance Layoffs Grow, Industry Watchers Say

A wave of industry layoffs during the past year has been precipitated by lackluster underwriting results as claims costs shot up, hitting personal lines writers hardest. Other factors have . . .

-- This content requires registration --

Already registered?

Not registered?

Register for free

Financial Condition Best's News Employee Hiring Insolvency Automobile Insurance

Reprints & Redistribution

Latest News

LITIGATION
Florida Court Says Notice to Sue Regulation Is Not Retroactive
Nov 29, 2023 04:31 PM (EST)

EARNINGS
New Zealand’s Tower Swings to Fiscal-Year Loss on Higher Catastrophe Costs
Nov 29, 2023 04:13 PM (EST)

FAIR PLANS
California FAIR Plan Can Be Required to Offer Expanded Coverage, Judge Says
Nov 29, 2023 03:48 PM (EST)

BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Positive for Indemnity National Insurance Company
Nov 29, 2023 02:54 PM (EST)

MANAGING GENERAL AGENT
Managing General Agent CFC Replaces CEO Following Lloyd’s Misconduct Probe
Nov 29, 2023 02:29 PM (EST)

More from Best’s News

Trending

1

CYBER LIABILITY
Cyberattack Disrupts Title Insurer Fidelity National’s Systems
Nov 28, 2023 12:09 PM (EST)

2

SPECIAL REPORT
Best’s Market Segment Report: AM Best Maintains Stable Outlook on Vietnam’s Non-Life Insurance Segment
Nov 28, 2023 09:32 AM (EST)

3

ARTIFICIAL INTELLIGENCE
NAIC’s AI Bulletin Leading Insurers’ Concerns Going Into Fall Meeting
Nov 27, 2023 02:49 PM (EST)

4

SPECIAL REPORT
Best’s Market Segment Report: AM Best Maintains Positive Outlook on Delegated Underwriting Authority Enterprises Segment
Nov 27, 2023 11:42 AM (EST)

5

CATASTROPHES
Swiss Re Unit CEO: Half of Nat Cat Losses From Past 30 Years From Secondary Perils
Nov 27, 2023 11:19 AM (EST)

1

RECRUITING AND SELECTION
AM Best: Leadership Naturally Leads to Mentorship Roles
Nov 22, 2023 01:49 PM (EST)

2

RISK MANAGEMENT
APCIA President & CEO: Converging Forces Are Raising P/C Insurance Costs
Nov 22, 2023 01:42 PM (EST)

3

RECRUITING AND SELECTION
ICM Managing Director: Emerging Leaders Conference Alumni Are Making an Impact
Nov 22, 2023 01:40 PM (EST)

4

ARTIFICIAL INTELLIGENCE
AM Best: Recent Layoffs by Insurers Alone Do Not Signal Ratings Pressure
Nov 22, 2023 01:37 PM (EST)

5

PROPERTY AND CASUALTY INSURANCE
Swiss Re CEO P/C Reinsurance: Uncertainty, Inflation, Cast Shadow on Casualty Market
Nov 22, 2023 01:20 PM (EST)

1

ARTIFICIAL INTELLIGENCE
AM Best: Recent Layoffs by Insurers Alone Do Not Signal Ratings Pressure
Nov 22, 2023 01:37 PM (EST)

2

LIQUIDATION
Cameron Mutual in Missouri to Be Liquidated
Nov 16, 2023 04:48 PM (EST)

3

INSURTECH
MassMutual to Wind Down In-House Startup Haven Life Due to ‘Lack of Adoption’
Nov 09, 2023 02:23 PM (EST)

4

CALIFORNIA
Farmers Direct to Discontinue Auto and Homeowners Policies in California
Nov 07, 2023 04:04 PM (EST)

5

EARNINGS
Berkshire Hathaway Insurance Operations 3Q Pretax Underwriting Earnings Jump to $5.93 Billion
Nov 05, 2023 04:09 PM (EST)

1

LIQUIDATION
Cameron Mutual in Missouri to Be Liquidated
Nov 16, 2023 04:48 PM (EST)

2

EARNINGS
Berkshire Hathaway Insurance Operations 3Q Pretax Underwriting Earnings Jump to $5.93 Billion
Nov 05, 2023 04:09 PM (EST)

3

EMPLOYEE TERMINATION
Liberty Mutual Laying Off 850, Nearly 2% of US Workforce, as Emerging Risks Rise
Oct 26, 2023 04:30 PM (EDT)

4

EMPLOYEE TERMINATION
Geico CEO: Streamlining Leads to Layoffs for 6% of Workforce as Business Changes, Costs Rise
Oct 19, 2023 02:00 PM (EDT)

5

EMPLOYEE TERMINATION
Allstate Layoffs in Northern Ireland Technology Center Follow Work Process Changes
Oct 16, 2023 04:39 PM (EDT)

AM Best TV

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html