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Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak ...
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 ...
Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a ...
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
As of Jan. 31, 2020, Brexit is finally here. But the UK's departure from the European Union shouldn't have any immediate impact on UK or EU insurers, A.M. Best said in its latest commentary. That ...
Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital positions and support from reinsurance partners, said AM ...
Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...
The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite "improved market conditions and solid levels of risk-adjusted ...
Standard & Poor's hit Argo Group International Holdings Lt. with a negative ratings outlook, due to an SEC subpoena about executive compensation and the abrupt "retirement" of longtime CEO Mark ...
The 2019 California wildfire season has not been as active as the record-breaking 2017-2018 seasons, but A.M. Best warns that a "new normal" trend of severe wildfires continues to challenge insurers, ...
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