Rating Agencies
Analysts: Auto Insurance Coronavirus Rebates a Solid Move in the Short Term
Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers ...
P/C Insurance Industry Is Least Affected by Coronavirus Pandemic: Standard & Poor’s
P/C insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its analysis for March, ...
Coronavirus Fallout Leads to A.M. Best Outlook Downgrade for U.S. Commercial Insurers
U.S. commercial lines insurers must now carry an outlook downgrade from A.M. Best due to fallout from the coronavirus pandemic. The decision by A.M. Best to revise its outlook for the segment to ...
A Longer Coronavirus Crisis Creates Greater Underwriting Loss Uncertainty: Fitch
North American property/casualty insurers will likely face increasing coronavirus-related financial challenges as the pandemic crisis drags on, Fitch Ratings said in a new report. "Claims experience ...
Most P/C Insurers Will Weather Ongoing COVID-19 Storm: Standard & Poor’s
Most P/C insurers will be able to weather any financial market volatility and higher claims relating to COVID-19, S&P Global Ratings predicts in a new report, though it warns some carriers with ...
Fitch Revises Global Re ‘Sector’ Outlook to Negative; Rating Outlook Stable
On Friday, Fitch Ratings announced a dimmer "sector outlook" for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch ...
Providence Mutual Is Dealt an A.M. Best Financial Strength Rating Downgrade
The Providence Mutual Fire Insurance Company has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said its decision to downgrade the insurer's financial strength rating to ...
AM Best Pandemic Stress Test Announced
Although AM Best believes property/casualty insurers won't be as severely impacted by the COVID-19 pandemic as life and annuity players, the rating agency said yesterday that it will be ...