All the headlines from our AM Best Topic Page, ordered by recency.
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...
Aug 11 2022 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative...
Aug 10 2022 // AM Best has upgraded the ratings of workers’ compensation insurer Synergy Comp Insurance Co. based in Sharon Pennsylvania.The rating organization upgraded the Financial Strength Rating to A (Excellent) from A-...
Aug 3 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best.A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of...
Aug 2 2022 // Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now...
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...
Jul 28 2022 // AM Best removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Golden...
Jul 11 2022 // AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth.AM Best’s analysts project 2% growth for the country’s...
Jun 28 2022 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of the insurers that operate...
Jun 2 2022 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of West Bend Mutual Insurance...
Jun 2 2022 // AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of...
May 31 2022 // The credit ratings of Randall & Quilter Investment Holdings and its subsidiaries have been revised to under review, negative, from developing by AM Best.The ratings revision was issued after R&Q announced that its...
May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion.Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a...
May 6 2022 // Omaha National Group, Inc., a tech-enabled provider of workers’ compensation insurance and payroll services, announced that AM Best has assigned the Financial Strength Rating of A- (Excellent) and a Long-Term Issuer...
Apr 26 2022 // Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to climate modeling, claims inflation and the war in Ukraine, according to AM...
Apr 21 2022 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Old Glory Insurance Company, based in...
Apr 20 2022 // Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month.In a special report titled “Insurers...
Apr 19 2022 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Manufacturing Technology Mutual Insurance Company based in Novi, Michigan. The...
Apr 13 2022 // AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Louisiana Farm Bureau...