Clearwater Analytics announces that it has released the second phase of A.M. Best reporting support. Clearwater insurance clients will now have access to two new reports that enable them to satisfy the investment components of the Supplemental Risk Questionnaire (SRQ) report. The new feature provides insurers with a single solution...
On the heels of Meadowbrook Insurance Groups announcement that it was adding $31 million to its reserves, rating agency A.M. Best Co. says it has placed the insurer under review with negative implications.
A.M. Best has downgraded specialty insurer BancInsure Inc.s B-plus-plus financial strength rating to B with a negative outlook due to marked deterioration in BancInsures operating performance after the initial impact of the recession and financial market downturn in 2008.
Taking into account estimated Thailand-flood losses at Swiss Re and Munich Re, Moodys Investors Service says it expects the event to meaningfully hit the reinsurance industrys fourth-quarter results.
Some may call it counting beans, whereas others suggest that statistics are never a true guide about what is really happening. Reality lies somewhere in the middle of any audit process.
Jeffrey Bowman, CEO of Crawford & Company, discusses an unprecedented year of global natural catastrophes and the lessons claims organizations of all sizes can glean.
If U.S. property and casualty insurers do not manage capital and maintain underwriting discipline after the many profit-draining factors the industry faced during the first nine months of 2011, some companies could feel the pressure of ratings downgrades, says insurance rating agency A.M. Best Co.
Insurance rating agency A.M. Best Co. says it has placed Firemans Fund Insurance Cos. under review with negative implications following the downgrade of the issuer credit ratings of parent company Allianz SE.
Catastrophe losses, a difficult trading environment and shrinking reserve releases are together putting considerable pressure on underwriting results this year, and investment earnings are providing little relief," says Catherine Thomas of A.M. Best.
Faced with continuing aftershocks and earthquakes, New Zealands property and casualty insurance market is in flux, as it also adjusts to regulatory developments. Both factors are making captive insurance more attractive.