• By A.M. Best   -   Nov 19, 2018

    PCI: TARIFFS COULD INCREASE AUTO INSURANCE CLAIMS COSTS BY $3.4 BILLION

    The Property Casualty Insurers Association of America says the cost of proposed tariffs on automobiles and auto parts could increase...

    Property, Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    A.M. BEST UPGRADES CREDIT RATINGS OF WISCONSIN MUTUAL INSURANCE COMPANY

    A.M. Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to “a” from “a-” of Wisconsin...

    Rate, Insurance, Insurances, Credit, Company, Companies, Credits
  • By A.M. Best   -   Nov 19, 2018

    BRIT LAUNCHES MULTI-ARRANGEMENT INSURANCE SPECIAL PURPOSE VEHICLE SUSSEX CAPITAL UK

    Brit Ltd. said it has launched Sussex Capital UK PCC Ltd., described by the insurer and reinsurer as a multi-arrangement insurance...

    Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    TOKIO MARINE GAINS UK APPROVAL TO COMPLETE BREXIT-RELATED POLICY TRANSFERS

    Tokio Marine Group said it won approval from the High Court of England and Wales to transfer existing policies written in Europe to...

    Europe
  • By A.M. Best   -   Nov 19, 2018

    IN LONDON RESTRUCTURE, RSA GROUP TO PULL OUT OF THREE INSURANCE LINES

    In what it described as a restructuring of its specialty and wholesale business, amid its push for profitability, RSA Group plc said...

    Business, Insurances, London, Insurance
  • By A.M. Best   -   Nov 19, 2018

    FLORIDA OIR: HURRICANE MICHAEL INSURED LOSSES NEAR $3 BILLION STATEWIDE

    Florida insurers have taken in 119,160 Hurricane Michael claims for an estimated $2.94 billion in insured losses through midday Nov....

    Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    CNA HARDY: 82% OF BUSINESS LEADERS PUT RISK AS ‘MODERATE TO HIGH'

    In a reflection of what it described as widespread international opinion, CNA Hardy said 82% of business leaders around the world view...

    World, Opinion, Business
  • By A.M. Best   -   Nov 19, 2018

    A.M. BEST UPGRADES CREDIT RATINGS OF UPLAND MUTUAL INSURANCE, INC

    A.M. Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of...

    Rate, Insurance, Credit, Credits, Insurances
  • By A.M. Best   -   Nov 19, 2018

    MASSMUTUAL COMPLETES SALE OF MASSMUTUAL ASIA

    MassMutual International LLC said it has completed the sale of Hong Kong-based MassMutual Asia Ltd. to Yunfeng FG and several Asian...

    Sale, Asia
  • By A.M. Best   -   Nov 19, 2018

    RMS: INSURED LOSS ESTIMATE MAY REACH $13 BILLION FOR CALIFORNIA CAMP AND WOOLSEY WILDFIRES

    RMS is estimating insured losses for the Camp and Woolsey wildfires in California at between $9 billion and $13 billion. The loss estimate...

    Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    OSCAR HEALTH SUES FLORIDA BLUE CROSS OVER BROKERS' PROHIBITIONS

    Health insurance start-up Oscar Health has filed litigation to vacate Blue Cross and Blue Shield of Florida's exclusivity provisions...

    Start-up, Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    AUSTRALIAN REGULATOR REVIEWS CAPITAL REQUIREMENTS FOR PRIVATE HEALTH INSURERS

    The Australian Prudential Regulation Authority has launched a review of the capital standards for private health insurers to ensure...

    Insurance, Insurances
  • By A.M. Best   -   Nov 19, 2018

    NAIC TO CONSIDER REINSURANCE MODEL LAW TO ELIMINATE COLLATERAL REQUIREMENTS

    The National Association of Insurance Commissioners' Executive Committee next month will consider approving an updated Credit for Reinsurance...

    Insurance, Credit, Credits, Insurances
  • By A.M. Best   -   Nov 19, 2018

    NAIC PANEL VOTE ALLOWS STATES TO ANALYZE AUTO INSURANCE DATA

    A National Association of Insurance Commissioners panel has voted to give state regulators a chance to review automobile insurance...

    Data, Insurances, Insurance
  • By A.M. Best   -   Nov 19, 2018

    MAINE INSURANCE SUPERINTENDENT CIOPPA ELECTED NAIC PRESIDENT FOR 2019

    Maine Insurance Superintendent Eric Cioppa has been elected as the new National Association of Insurance Commissioners president for...

    Insurances, Insurance
  • By A.M. Best   -   Nov 19, 2018

    JAPAN'S T&D POSTS 3.2% RISE IN NET INCOME FOR FIRST HALF OF 2018

    T&D Holdings Inc. saw a 3.2% rise in net income to ¥45.5 billion on a consolidated basis for the first half of fiscal year 2018, ended...

    Japan
  • By A.M. Best   -   Nov 19, 2018

    BEST'S BRIEFING: UK INSURERS PREPARE FOR LOSS OF PASSPORTING RIGHTS POST BREXIT

    A.M. Best is closely monitoring the responses of U.K. insurers to the planned withdrawal of the United Kingdom from the European Union,...

    Rights, Insurances, Insurance, Right
  • By A.M. Best   -   Nov 19, 2018

    A.M. BESTTV: METHODOLOGY REVISION LED TO CHANGES FOR 3% OF RATED EMEA INSURERS, SAY A.M. BEST ANALYSTS

    In this episode of A.M. BestTV, at the 2018 annual A.M. Best Insurance Market Briefing - Europe in London, Greg Carter, managing director,...

    Insurance, Europe, Insurances, Management, Rate, Market, Marketing, London
  • By A.M. Best   -   Nov 16, 2018

    NAVIGATORS SHAREHOLDERS APPROVE ACQUISITION BY HARTFORD

    Shareholders of Navigators Group Inc. approved the company's acquisition by Hartford Financial Services Group Inc. “Subject to the...

    Services, Company, Service, Companies
  • By A.M. Best   -   Nov 16, 2018

    BIG I NEW YORK, PIANY FILE LAWSUIT CHALLENGING STATE'S BEST INTEREST STANDARD RULE

    Big I New York and the Professional Insurance Agents of New York State Inc. have filed a lawsuit in state court to vacate the New York...

    Services, Service, Insurances, Insurance, New York