Industry News
User Survey Results: How Do Rating Agency Letter Grades Compare?
Users of insurance financial strength ratings issued by A.M. Best and Fitch Ratings aren't entirely clear on how the letter grades of the two credit rating agencies compare, a Wells Media survey ...
Berkshire Hathaway Specialty Insurance and Tego to Underwrite Medical Indemnity in Australia
Berkshire Hathaway Specialty Insurance and Tego Insurance announced that they will jointly underwrite medical indemnity insurance in Australia. According to a statement from BHSI, the companies are ...
Global P/C Insurance Rate Declines Slowed Again in Q2: Marsh
The state of global insurance rates in the 2016 second quarter is very much a mixed bag. On the one hand, global insurance rates declined for the 13th consecutive quarter. However, this is the second ...
Liberty Mutual Turns to China for Latest Asia Joint Venture
Liberty Mutual Insurance, a longtime player in China, has formed a new joint venture there in a bid to become a major presence in a market dominated by local rivals. The Boston-based insurer said it ...
LA Commercial Buildings Likely More Resilient to Pending Flood Losses: AIR Worldwide
While it is early to determine insured and economic losses from massive flooding in Louisiana and Mississippi, an AIR Worldwide assessment of the damage offers some potential clues. The catastrophe ...
AIG Will Sell Mortgage Guaranty Unit to Arch Capital for $3.4B
American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion. AIG, the largest commercial insurer in the United States and ...
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
P/C Ratings Upgrades, Positive Outlooks Outpaced Negative in H1: A.M. Best
Property/casualty insurers can take comfort in the fact that ratings upgrades and positive outlooks outpaced downgrades and negative outlooks through the first half of 2016, according to a new A.M. ...