Regulation & Compliance
A.M. Best Maintains Negative Outlook For U.S. P/C Commercial Lines
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Florida’s Veteran Insurance Commissioner Will Depart in May
Florida Insurance Commissioner Kevin M. McCarty announced said he'll resign May 2, 2016 to pursue other job opportunities, capping 12 years in the post, according to the Florida Office of Insurance ...
Most Insurance Execs Eligible for AARP: A.M. Best Survey
According to a survey of representatives of nearly 200 insurers conducted by analysts at rating agency A.M. Best, nearly three-quarters of people on carrier management teams are age 50 or older—a ...
2016 Watch: Solvency II and Other International Issues You Should Care About
The global financial crisis is now seven years behind us and the property/casualty insurance industry and its regulation never faltered before, during or since. Yet, international pressure to ...
2016 Prediction: P/C Pricing Pressures Will Force Broad Rate Declines
After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either ...
It’s Not Halftime: The 114th Congress Just Finished the Third Quarter
The White House and Congressional Christmas trees are up, but with 70 degree weather in Washington—and without a government shutdown threat—it's hard to believe it's the holiday season. It's ...
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...