P/C Rating Services Announcements

The following press releases feature information regarding the Property/Casualty insurance market.


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AM Best Affirms Credit Ratings of Assurant, Inc. and Most Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long Term ICR) of “a+” of most U.S. ...
Date: July 8, 2020    
AM Best Upgrades Credits Ratings of Michigan Millers Mutual Insurance Co.; Affirms Ratings of Western National Ins. Pool Members: AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Time ICR) to “a” ...
Date: July 8, 2020    
AM Best Affirms Credit Ratings of Wright National Flood Insurance Company: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Wright National Flood Insurance Company (WNFIC) ...
Date: July 7, 2020    
Best’s Market Segment Report: Hardening Reinsurance Market Adds to Florida Property Insurers’ Headaches: The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial ...
Date: July 6, 2020    
AM Best to Host Webinar on How the COVID-19 Pandemic Is Changing the Insurance Industry: AM Best will host a complimentary webinar, sponsored by LexisNexis Risk Solutions, on Thursday, July 16, 2020, at 2 p.m. (EDT). From claims handling to vehicle ...
Date: July 1, 2020    
Best’s Market Segment Report: U.S. Commercial Automobile Insurance Segment Records Decade-Worst Underwriting Loss in 2019: The U.S. commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a ...
Date: June 30, 2020    
AM Best Revises Outlooks to Negative for Trans City Casualty Insurance Company and Trans-City Life Insurance Company: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ...
Date: June 26, 2020    
Best’s Special Report: U.S. Life/Annuity Insurers’ Commercial Mortgage Loan Holdings Increasing; Credit Quality Decreasing: U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more than $522 billion, up ...
Date: June 25, 2020    
AM Best Affirms Credit Ratings of Beazley’s Lloyd’s Syndicates and Beazley plc Subsidiaries: AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” of Lloyd’s ...
Date: June 25, 2020    
AM Best Affirms Credit Ratings of Toyota Motor Insurance Company: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Toyota Motor Insurance Company (TMIC) ...
Date: June 24, 2020    
AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries: AM Best affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of the members of ...
Date: June 19, 2020    
AM Best: Directors and Officers Insurance Facing Seismic Shift (AM BestTV): In this episode of AMBestTV, Sridhar Manyem, director, and David Blades, associate director, both of AM Best, said the COVID-19 pandemic is accelerating ...
Date: June 18, 2020    
Best’s Commentary: Expansion of State Workers’ Comp to Include COVID-19 Exposure Would Be Credit Negative for Insurers: Legislative changes allowing workers’ compensation coverage due to COVID-19 will result in an increase in loss estimates and a potential earnings hit for the ...
Date: June 18, 2020    
Insurers Brace for ‘Above Normal’ Hurricane Season, Less Data for Forecasts (AM BestTV): In this episode of AM BestTV, Tom Varney, ARC regional manager, Allianz Global Corporate & Specialty, and Marla Schwartz Pourrabbani, national catastrophe ...
Date: June 16, 2020    
AM Best Affirms Credit Ratings of Members of MedPro Group: AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of the members of MedPro Group (MedPro). ...
Date: June 16, 2020    
California Earthquake Authority Managing $21 Billion Wildfire Backstop for Utilities (AM BestTV): In this episode of AMBestTV, Glenn Pomeroy, chief executive officer, California Earthquake Authority (CEA), a nonprofit, said CEA is now managing a $21 billion ...
Date: June 15, 2020    
AM Best Places Credit Ratings of StarStone Insurance Bermuda Limited and its Rated Subs Under Review With Negative Implications: AM Best has placed under review with negative implications the Financial Strength Ratings (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings ...
Date: June 12, 2020    
AM Best Affirms Credit Ratings of MS Amlin AG and Lloyd’s Syndicate 2001: AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of MS Amlin AG (Switzerland), and ...
Date: June 12, 2020    
AM Best Upgrades Credit Ratings of Kinsale Insurance Company and Kinsale Capital Group, Inc.: AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” ...
Date: June 11, 2020    
AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of California Ins Co and Its Affiliates: AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit ...
Date: June 10, 2020    
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