Regulation & Compliance
PCI Backs NAIC Flood Insurance Reform Agenda
Property/casualty insurers are throwing their weight behind NAIC proposals that includes long-term reauthorization of the National Flood Insurance Program and also an expanded private market that ...
Fitch Bumps Up Liberty Mutual’s Ratings Outlook
Liberty Mutual Group's ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial ...
Starr Companies Division Wins ‘A’ Financial Strength Rating From A.M. Best
An international insurance arm of Starr Companies' earned some positive ratings attention from A.M. Best. The ratings agency assigned a financial strength rating of "A" (Excellent) and an issuer ...
Future Workers Compensation Profitability Faces Obstacles
Workers compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in ...
CROs in Place at Less Than 40% of Insurers: A.M. Best Survey
While more than 40 percent of insurers leave risk officer responsibilities to their chief executive officers or chief financial officers, just under 40 percent have a designated chief risk officer, ...
Western European Insurers, Hammered by Low Interest Rates, Slow to Revamp Investments
Insurers in Western Europe have generally stayed the course with their investment mixes in recent years, even as they've been hammered by record-low interest rates, Standard & Poor's Global ...
Captive Insurers Have a Strong Place in the U.S. Market: A.M. Best
Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special ...
AIG, Other Insurers Emerge as Financial Supermarkets as Banks Spurn Risk
When all else fails, lend. That's the strategy of some of the biggest U.S. insurers as they seek higher returns in an investment universe where buying bonds sometimes means guaranteed losses. The ...