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AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier

Nov 19 2024 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned...

AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual

Nov 18 2024 // AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual...

Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best

Nov 18 2024 // AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year high that was driven mainly by favorable investment income and strong underwriting performance....

State Residual Markets See Policy Count Double in 5 Years: AM Best

Nov 4 2024 // State-sponsored residual property markets have seen an influx of risks come in since 2018, with some states growing by more than 200%.According to insurance industry ratings firm AM Best, the policy counts of personal and...

AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan

Nov 4 2024 // AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of ‘b+’...

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