Regulation & Compliance
For 5th Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2 percent to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a ...
The SEC’s New Disclosure Rules and Cyber, D&O Coverage
The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March 2022, ...
First-Half U.S. P/C Underwriting Loss Just $2B Shy of Full-Year Loss for ’22
The net underwriting loss total for the U.S. property/casualty industry, $24.5 billion, is $2 billion less than total losses recorded for all of 2022, according to a new AM Best report. Catastrophe ...
Top 15 E&S Writers: Lloyd’s, Berkshire Still Lead as All Major Players Grow
The U.S. excess and surplus lines market reported double-digit growth for the fifth straight year in 2022,with second-ranked Berkshire Hathaway pushing the total growth figure for the E&S market ...
Reinsurers Continue to Lead in Post-Pandemic Innovation
Innovation in the insurance industry, accelerated by COVID-19, has continued largely due to consumer appetite and market competition, according to a newly released report by AM Best. Predictive ...
Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone state. A state of urgency has ...
Top 15 Non-Life Reinsurers: AM Best’s Latest Ranking
Munich Re still holds the top spot on AM Best's annual ranking of global reinsurance groups but Hannover Re took the No. 2 position in a ranking based solely on non-life reinsurance premium volume. ...
NAIC to Collect Insurer Data to Understand Property Market Gaps
The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance regulators better understand property ...