News
Upgrades Up, Downgrades Down: AM Best Reviews 2024 Rating Actions
AM Best announced 34 upward credit rating actions for U.S. commercial lines insurers in 2024, over 60 percent more than the number registered for 2023, the rating agency reported in its official ...
California Commissioner ‘Provisionally’ OKs State Farm’s Rate Request
California Insurance Commissioner Ricardo Lara provisionally approved State Farm General's request for a 22 percent interim rate hike, the California Department of Insurance announced on Friday. The ...
Carrier Management to Host New Wildfire Conference
Carrier Management will soon host a free online event spotlighting wildfire risk assessment, prevention and intelligence tools for risk and insurance professionals. The first Wildfire Risk ...
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens
As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year's PLUS ...
Contractors Insurance Alert: Construction Defect Lawsuits Rising
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers ...
Updated: State Farm, Consumer Group Battle Ahead of Commish Decision
Ahead of a decision from California's insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their ...
Global Instability Leads to 16 Year Low for Insurance Carrier M&A Deals
Two new reports highlight the stagnant mergers and acquisitions seen in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave ...
Climate Risks Threaten Trillions of Dollars in Real Estate: Study
New analysis by online real estate site Zillow highlights how climate change affects real estate across the U.S., with trillions of dollars' worth of real estate facing damage from flood, fire or ...