AM BEST'S MONTHLY INSURANCE MAGAZINE
REGULATORY/LAW
Lead Paint Litigation Raises Coverage Questions for Policyholders
A recent California decision tackles one issue: Is a public nuisance claim based on the willful acts of the insured’s predecessor barred from coverage?
- Rob Tugander
- September 2022
CATASTROPHES
30 Years After Hurricane Andrew, Bermuda Reinsurers, Florida ‘Joined at the Hip’
Hurricane Andrew made landfall in Florida in 1992, changing the face of the global reinsurance market just as it was beginning to emerge.
- Anthony Bellano
- August 2022
CATASTROPHES
FIU Extreme Events Director: Prototype Facility Will Test Forces of a ‘Category 6’ Hurricane
Hurricanes are becoming more powerful and destructive. One of the goals of the facility is to anticipate and learn from what a Category 6 hurricane would bring. The damage and destruction from a 185 mph sustained event hitting a highly developed U.S. coastline would be unprecedented.
- Lori Chordas
- August 2022
LIFE INSURANCE
Startup Founder Hopes to Help People Find `Ferrari in the Garage’ by Taking Life Settlements Mainstream
Lucas Siegel, the founder and chief executive officer of Harbor Life Settlements, wants to make the life settlements industry resemble how homes are sold and bought online. By doing that, he’s hoping his company and the larger industry will grow by making the process more transparent and navigable for consumers.
- Terrence Dopp
- August 2022
CYBER INSURANCE
AM Best: With Cyberattacks Becoming More Complex, US Cyber Market to Remain Hard
Rate increases are driving a large part of the premium growth and are expected to continue to rise through 2022.
- August 2022
LATIN AMERICA INSURERS
AM Best Retains Negative Outlook on Peru’s Insurance Industry
Overall, economic conditions continue to recover from the pandemic due to the country’s macro-stability, according to Best’s Market Segment Report: Market Segment Outlook: Peru Insurance. However, many of the actions taken to enhance economic recovery have aroused political interest, creating challenges for the current and future performance of the insurance market.
- August 2022
CAPTIVES
Protected Cell Structures Fuel Captive Insurance Growth
A hardening insurance market is among the factors resulting in more captives, nearly 20% of which are protected cells.
- Anthony Bellano
- August 2022
THE LAST WORD
Insurance Coverage Questions Surround Emerging NIL Industry
The name, image and likeness environment in college sports is compared to the wild, Wild West, and this includes the insurance aspect.
- Anthony Bellano
- August 2022
AT LARGE
The Insurance Industry Makes the World Safer and More Resilient
The insurance industry’s role in making the world a better place goes well beyond the “repair-and-restore” phase of a crisis.
- Tony Kuczinski
- August 2022
RISK ADVISER
Rising Costs, Supply Chain Issues Impact Business Income Coverage
Agents can work with their manufacturing clients to review their current business income protection and limits and educate them on the increased risks related to business income.
- Matthew S. Mitchell
- August 2022
FROM THE EDITOR’S DESK
Hurricane Andrew 30 Years Later: A Tale of Challenges and Success for Florida, Bermuda
Best’s Review examines the impact of Hurricane Andrew on its 30th anniversary. The issue also includes coverage of life insurance settlements and rankings of the largest U.S. cyber and largest Latin America insurers.
- Patricia Vowinkel
- August 2022
WHAT AM BEST SAYS
AM Best: Legacy Segment Faces Challenges of Inflation and Adoption of IFRS 17
AM Best analysts report that a combination of motivated sellers and active buyers with capital to deploy is expected to keep deal flow in the legacy market buoyant in 2022 and beyond.
- August 2022
BEST’S RANKINGS
US Cyber Insurance — Top 20 Insurers — 2022 Edition
Insurers were ranked by 2021 total standalone and packaged cybersecurity direct premiums written.
- August 2022
BEST’S RANKINGS
Largest Latin America Insurers — 2022 Edition
Insurers were ranked by 2020 gross premiums written.
- August 2022
BEST’S RANKINGS
US Property/Casualty — 2021 Direct Premiums Written by Line — 2022 Edition
Insurers were ranked by 2021 direct premiums written by line.
- August 2022
BEST’S RANKINGS
US Commercial Multi Peril — 2021 Direct Premiums Written — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- August 2022
BEST’S RANKINGS
US Homeowners Multiple Peril — 2021 Direct Premiums Written — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- August 2022
BEST’S RANKINGS
US Medical Professional Liability — 2021 Direct Premiums Written — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- August 2022
BEST’S RANKINGS
US Total Auto — 2021 Direct Premiums Written — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- August 2022
BEST’S RANKINGS
US Workers’ Compensation — 2021 Direct Premiums Written — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- August 2022
BOOK STORE
Author: Companies Must Use Discipline When Making Technology Choices
RightSure’s Jeff Arnold says companies must consider why and how they are using technology.
- Lori Chordas
- August 2022
APP STORE
App Provides Tips to Homeowners Before a Disaster Strikes
The app from the National Association of Insurance Commissioners allows people to track their home inventory.
- Tom Davis
- August 2022
UNDERWRITING & LOSS CONTROL
Gun Manufacturers Lose Legal Challenge to New York Law
Best’s Underwriting Reports and Best’s Loss Control Reports provide insight into the lines of coverage, exposures and loss control for gun manufacturers.
- Best's Review Staff
- August 2022
EXECUTIVE CHANGES
Liberty Mutual to Welcome New Chief Executive Officer, Secretary in 2023
Axa XL names global chief underwriting officer and Scor appoints successor to retiring CEO of reinsurance.
- August 2022
INDUSTRY UPDATES
US Insurance Trade Groups Fight Defense Bill Adding Cyber Insurance Regulation
Industry groups say in addition to the increased costs and security concerns, their members don’t collect the kind of granular data that would be sought.
- Timothy Darragh
- August 2022
IN THE NEWS
Bill Protects Insurers Serving Medical Marijuana Vendors
Pennsylvania’s new law prohibits government agencies from banning, discouraging or penalizing financial services firms from providing service to a “legitimate” cannabis-related company or its employees.
- Timothy Darragh
- August 2022
INDUSTRY UPDATES
Lease Renewal Not Final, but Lloyd’s Expects to Remain at Lime Street Building
The company says as it adapts to new structures and flexible ways of working, it will continue to think about the future requirements for the spaces and services its marketplace needs.
- David Pilla
- August 2022
INDUSTRY UPDATES
Insurers Don’t Have to Pay Hurricane Ida Expenses
Judge ruled carriers don’t have to cover homeowners’ loss-of-use expenses in Louisiana.
- Timothy Darragh
- August 2022
REGULATORY UPDATE
Illinois Proposes New Auto Insurance Legislation and Louisiana Deals with Lack of Homeowners Coverage
Some automobile insurance companies padded profits during early stages of COVID-19, Illinois officials said.
- August 2022
CORPORATE CHANGES
Name and Ownership Changes, Mergers, Acquisitions and State Actions
Royalty Capital Life Insurance, Viva Seguros and Southern Fidelity are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
- August 2022
TRENDING: BEST’S RESEARCH
Trending Research Includes Reports on IFRS 17, the London Market and Best’s Impairment Study
Other trending research includes reports on D&O, U.S. MPLI and the Florida property market.
- August 2022
AM BEST TV & AUDIO
Allianz Executive Warns Businesses Must Be Ready for Rising Social Unrest
Also, industry professionals discuss Tornado Alley shift, lack of disability insurance and a surge in auto telematics adoption.
- August 2022
AM BEST WEBINARS
Panel to Explore the State of the Captive Insurance Sector
Professionals also examine how insurers can counter climate change through resiliency and discuss the wholesale insurance market.
- August 2022
WEB TRAFFIC
Visits to Top Cyber Insurance Writers' Sites
Liberty Mutual leads web analytics provider Semrush's ranking of cyber insurers.
- August 2022
PREFERRED PUBLISHER PROGRAM
In Other News ...
A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
- August 2022
Most Read
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