Rating Agencies
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" ...
What to Expect: 2022 Combined Ratio Near 102; Stable or Better 2023
In a report published in early December, Fitch Ratings said a modestly improving earnings picture in coming months points to a "neutral" sector outlook for U.S. property/casualty insurers—and over ...
Florida Relief Not Immediate: AM Best
Insurance reforms passed in Florida's most-recent legislative special session will lead to much-needed relief to the state's homeowners market, but the impact won't be immediate, AM Best analysts ...
Without Reforms, More Florida Insurers Will Go Kaput: AM Best
Late last week, AM Best published a commentary ahead of this week's special legislative session in Florida predicting that "without immediate and substantive long-term legislative reforms," further ...
Collapse of FTX Provides Governance Lessons for Insurers: AM Best
The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published by AM Best. While FTX is not an insurance company, ...
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 ...
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 ...