AM BEST'S MONTHLY INSURANCE MAGAZINE
Succeeding in the New Age of Specialty Coverage
Insurance executives and industry experts discuss the advantages of specialization and how the industry identifies and develops new opportunities.
Watch the full lineup of programs in Succeeding in the New Age of Specialty Coverage.
SPECIALTY COVERAGE
Making the Move From Generalist to Specialist
The old days of one person being able to deal with all of a customer’s insurance needs have gone by the wayside.
- Lori Chordas
- November 2022
SPECIALTY COVERAGE
Prospecting for the Next Great Risk Opportunity
Underwriters need to think about how they invest time and capital in launching new products and searching for new opportunities.
- Tom Davis
- November 2022
SPECIALTY COVERAGE
With Specialization Comes Responsibility
A panel of insurance experts says specialists are held to higher professional standards—and consumers expect to get what they pay for.
- John Weber
- November 2022
COASTAL PROPERTY
Severe Weather in Coastal States Presents Big Challenges in Hardening Homeowners Market
While much attention is focused on Florida, storms have wreaked havoc on the property markets in other coastal states, particularly Louisiana, Texas and South Carolina.
- Anthony Bellano
- November 2022
COASTAL PROPERTY
Insurance Leaders: Time to Better Protect, Shore Up Coastal Homeowners’ Properties
States are suffering because of the lack of strong building codes and mapping, industry leaders say.
- Anthony Bellano
- November 2022
LIFE INSURANCE
Rising Interest Rates Sure to Bring Shifts to In-Force Life and Annuity Products
With the Federal Reserve in an aggressive rate-raising mode for the first time in a decade, its moves could create a fault line between newly issued life and annuity products. After years of shifting to products that are less interest-sensitive, the industry may also see a move back the other way.
- Terrence Dopp
- November 2022
WORKERS' COMPENSATION
Top Workers’ Comp Ranks See Movement Upon Emerging From COVID Unemployment Spike
Travelers Group and Hartford Insurance Group retain the No. 1 and No. 2 spots in a ranking of workers’ compensation direct premiums written, according to AM Best research. See the Best's Rankings list of US Workers' Compensation — 2022 Edition.
- Terrence Dopp
- November 2022
WHAT AM BEST SAYS
AM Best: Florida Specialists Cede a Growing Amount of Premium to Reinsurers
AM Best defines Florida personal property specialists as regional insurers domiciled in Florida with predominant exposures to Florida personal property insurance.
- November 2022
WORKERS' COMPENSATION
Pie CEO Says $315 Million Fundraise Advances Expansion to Full-Stack Carrier
Pie distributes direct, through wholesale and retail agencies and via partnerships with payroll and small and medium-sized businesses.
- Renée Kiriluk-Hill
- November 2022
THE LAST WORD
Putting a New Face on Reality: Deepfakes Raise Novel Challenges for Insurers
Artificially manipulated audio and video could soon present risks to insurers. Researchers are creating tools to better segregate real from artificial.
- Anthony Bellano
- November 2022
RISK ADVISER
Pot, Pans and the Internet
With new innovations come new risks. Here are three emerging hazards that should be on the radar for insurers and their customers.
- Alex Wells
- November 2022
AT LARGE
The Principles of Claims Transformation
Insurers must not derive a false sense of security if claims severities were mitigated amid the COVID-19 era.
- Bill Pieroni
- November 2022
FROM THE EDITOR’S DESK
The Road Less Taken: Insurers and Brokers Find Growth in Specialization
The November issue also includes coverage of developments with workers’ compensation and homeowners insurance.
- Patricia Vowinkel
- November 2022
BEST'S RANKINGS
US Workers' Compensation — 2022 Edition
Insurers ranked by 2021 direct premiums written.
- November 2022
BEST'S RANKINGS
US Homeowners Multiple Peril — 2021 Top Writers — 2022 Edition
Insurers ranked by 2021 direct premiums written.
- November 2022
BEST'S RANKINGS
US Homeowners Multiple Peril — Top Writers by State, Canada and US Territories — 2021 — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- November 2022
BEST'S RANKINGS
US Property/Casualty — 2021 Asset Distribution — 2022 Edition
Insurers were ranked by 2021 total admitted assets.
- November 2022
BEST'S RANKINGS
Top 50 Global Reinsurers — 2022 Edition
Reinsurers were ranked by unaffiliated gross premiums written in 2021.
- November 2022
BEST'S RANKINGS
Florida Homeowners Multi-Peril Filings by Rate Impact Greater Than 10%
Filings were based on a disposition date from Jan. 1 to Oct. 1, 2022.
- November 2022
BOOK STORE
Authors: Machine Learning, AI Offer New Opportunities in Risk Management
Risk professionals turn to machine learning and artificial intelligence to forecast the financial risks of extreme events.
- Lori Chordas
- November 2022
APP STORE
App Uses Technology to Help Remove Barriers in Purchasing Insurance
Goose Insurance says insurance shopping shouldn’t always fall on the shoulders of brokers and agents.
- Tom Davis
- November 2022
EXECUTIVE CHANGES
Hartford Announces Retirement of President Doug Elliot
SiriusPoint fills permanent chief executive officer spot, Allstate taps a new executive vice president and chief information officer and Axis Capital welcomes a new group chief underwriting officer.
- November 2022
UNDERWRITING & LOSS CONTROL
Emerging Craft Brewing Industry Presents Unique Range of Risks
Best’s Underwriting Reports and Best’s Loss Control Reports provide insight into the lines of coverage, exposures and loss control for craft breweries, microbreweries and brewpubs.
- Anthony Bellano
- November 2022
CORPORATE CHANGES
Merger, Acquisitions and Ownership, Name and Domiciliary Changes
Assurant Life of Canada, Wichita National Life Insurance and Maison Insurance are among the North American life/health and property/casualty insurers that have experienced a corporate change.
- November 2022
INDUSTRY UPDATES
Industry Experts Say Litigated Claims Could Reshape Florida Market Again
Nationally, 9% of claims are filed in Florida, but 81% of litigated claims, or 107,000, originated in the state in 2021.
- Renée Kiriluk-Hill
- November 2022
INDUSTRY UPDATES
New Orleans Saints Sue Insurers Over Unpaid Ida Claim
The team said the insurers had breached their contract and is seeking unspecified damages.
- Timothy Darragh
- November 2022
STATE RATE FILINGS
Insurers Submit Florida Homeowners Multiperil Filings in First Nine Months of 2022
See Best's Rankings list of Florida Homeowners Multi-Peril Filings by Rate Impact Greater Than 10%.
- Best's Review Staff
- November 2022
INSURANCE PROFESSIONAL RESOURCES
The Challenges of Catastrophic Claims Handling
Additional coverage includes Marshall Dennehey’s celebration of 60 years in the industry and the addition of three attorneys at Secrest Wardle.
- John Czuba
- November 2022
IN THE NEWS
Mutual Miris to Provide Cyber Cover for European Members
As a European insurer, Miris said it can only accept members from the European Union and European Economic Area.
- David Pilla
- November 2022
IN THE NEWS
Regulatory Update
Rate hike for Citizens in Louisiana and workers’ comp rate changes in Washington and Indiana.
- November 2022
TRENDING: BEST'S RESEARCH
Trending Research Includes Reports on Six-Month 2022 US P/C and US Life/Annuity Financial Results
Other trending research includes reports on global reinsurance, U.S. surplus lines and U.S. personal auto.
- November 2022
AM BEST TV & AUDIO
Insurance Industry Can Help Others in Their ESG Journey, Scor Executive Says
Also, industry professionals discuss growth in Africa’s reinsurance market and explore the robust international specialty market.
- November 2022
AM BEST WEBINARS
Panel to Discuss the State of the Workers’ Compensation Market
Professionals also discuss how insurers are readying for attitudinal shifts in the courtroom as well as how they can prepare for economic downturns.
- November 2022
WEB TRAFFIC
Visits to US Homeowners Multiperil Writers
Progressive leads web analytics provider Semrush's ranking of the top 10 U.S. Homeowners Multiperil Writers based on 2021 direct premiums written.
- November 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.
- November 2022
Best’s Calendar
Digital Edition
The digital edition, a replica of the print magazine, is available only to subscribers.
Best’s Review Contributors receive a BestMark to feature in their marketing material that showcases their participation in a leading insurance industry magazine.