Regulation & Compliance
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Global P/C Insurance Outlook Now Negative: Moody’s
High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody's Investors Service to change their outlook for the global property/casualty sector from ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Florida’s Homeowners Crisis Requires Insurance Stability, Legislative Reform and Smart Technology
Even before Hurricane Ian, Florida's home insurance market was hobbled by fraudulent claims, pricey lawsuits and financial mismanagement by some insurance firms. Floridians pay the highest annual ...
Report From California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners' access to insurance in the face ...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data on climate-related risks from ...
ESG Will Increasingly Influence Insurers’ Strategies: Fitch Ratings
Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch ...
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to A+
S&P Global Ratings announced that the rating agency is lowering the AA- financial strength and long-term issuer credit ratings for global reinsurer SCOR SE and its operating subsidiaries, ...