AM BEST'S MONTHLY INSURANCE MAGAZINE
Property/Casualty Insurance
Property/Casualty
US Property/Casualty – 2023 Direct Premiums Written by Line – 2025 Edition
Date: January 2025
Property/Casualty
Top 25 US Property/Casualty Writers – 2025 Edition
Ranked by 2023 net premiums written.
Date: January 2025
Property/Casualty
Top 25 US Property/Casualty Companies — 2025 Edition
Ranked by 2023 total admitted assets.
Date: January 2025
Property/Casualty
Top 25 US Property/Casualty Companies — 2025 Edition
Ranked by 2023 gross premiums written.
Date: January 2025
Property/Casualty
Top 25 US Property/Casualty Companies — 2025 Edition
Ranked by 2023 policyholders’ surplus.
Date: January 2025
Property/Casualty
Property/Casualty
Property insurance covers damages or loss of property. As a result, rates can be significantly higher in areas susceptible to perils such as hurricanes. Casualty insurance covers indemnity losses and legal expenses from losses such as bodily injury or damage that the policyholder may cause to others.
Date: January 2025
Spotlight: Commercial Auto
AM Best: Social Inflation, Driver Shortage, Inexperience Compound Commercial Auto Difficulties
Analysts who spoke with AM Best TV referenced a recent report that says distracted driving and other issues have had an adverse impact on the commercial automobile insurance industry, citing the frequency and severity of accidents involving commercial vehicles.
Date: January 2025
Best’s Rankings
US Fire and Allied Lines – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: December 2024
Best’s Rankings
Top 25 US Ocean Marine Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: December 2024
Best’s Rankings
Top 25 US Inland Marine Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: December 2024
Best’s Rankings
Top 25 US Fire and Allied Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: December 2024
Insolvencies
For Some Insolvent Insurance Carriers, ‘Giving Away the Pen’ to MGAs May Have Contributed to Their Undoing
Allowing managing general agents with specialized expertise too much authority won’t necessarily solve insurers’ problems, some analysts believe.
Date: December 2024
Workers’ Compensation
Workers’ Comp Regulatory Trends: Mental Health Presumptions, Cannabis, Psychedelic Treatment
Lawmakers across the country have introduced legislation that addresses compensability for job-related post-traumatic stress disorder, according to a new report from the National Council on Compensation Insurance.
Date: November 2024
Best’s Rankings
US Workers’ Compensation – 2023 Direct Premiums Written – 2024 Edition
Date: November 2024
Best’s Rankings
US Property/Casualty – 2023 Asset Distribution – 2024 Edition
Ranked by 2023 total admitted assets.
Date: November 2024
Best’s Rankings
US Homeowners Multiperil – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: November 2024
Best’s Rankings
Top 25 US Homeowners Multiperil Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: November 2024
Best’s Rankings
Top 25 Life/Health Insurers’ Investment Returns – 2024 Edition
Ranked by 2023 total admitted assets.
Date: November 2024
Reciprocals
The Rise of Reciprocals: Insurance Exchanges Offer Unique Solution in Catastrophe-Prone Florida
After a seven-year stretch in which there were no new reciprocals, at least 21 launched between 2017 and 2024. Ten are domiciled in catastrophe-prone Florida, including five within the last two years.
Date: November 2024
Flood Insurance
Private Market Takes Cautious Approach to Flood Insurance Amid Climate Uncertainty, Panel Says
Flood insurance’s role is being reevaluated now that cat and non-cat events have led to torrential rain and widespread problems, according to a recent panel discussion at the Wholesale & Specialty Insurance Association Annual Marketplace in San Diego.
Date: November 2024
Best's Rankings: Auto
US Total All Auto Lines – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
US Private Passenger Auto – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
US Commercial Auto – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
US Auto Physical Damage – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
US Auto Liability – Top Writers by State, Canada and US Territories – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 US Total Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 US Private Passenger Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 US Commercial Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 US Auto Physical Damage Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 US Auto Liability Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 Private Passenger No-Fault Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 Other Private Passenger Auto Liability – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 Other Commercial Auto Liability – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Best's Rankings: Auto
Top 25 Commercial Auto No-Fault Writers – 2024 Edition
Ranked by 2023 direct premiums written.
Date: October 2024
Catastrophes
Modelers’ Loss Estimates Vary, Impacted by Long-Term Effects
More sophisticated risk assessment models have become available in recent years, and modelers are often quick to issue loss estimates following a catastrophic event.
Date: October 2024
Auto Insurance
Finding the Fast Lane: Pricing Helps Auto Insurers Navigate Roadblocks to Profitability in Difficult Market
Some private passenger auto insurers have found ways to post an underwriting profit amid high inflation and other macroeconomic issues.
Date: October 2024
Distracted Driving
Distracted Driving on the Rise in Commercial Vehicles, Propelling Claims Frequency and Severity
Kristina Talkowski, Nationwide’s senior vice president, middle market commercial, spoke with AM Best Audio about the company’s 2024 driving behaviors study, which shows the damaging effects of distracted driving.
Date: October 2024
Best’s Rankings: US Private Flood
Top 25 Writers - US Private Flood – 2024 Edition
Date: September 2024
Best’s Rankings: Mutual Insurers
Top 25 Property / Casualty Mutual Writers – 2024 Edition
Date: September 2024
Forever Chemicals
‘Forever Chemicals’ Spur New Lawsuits
PFAS, which are found in a variety of commonly used chemicals, have been linked to some health consequences, leading to new litigation with worst-case scenarios projecting more than $160 billion in claims.
Date: August 2024
Best's Rankings
US Workers’ Compensation – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Total Auto – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Property/Casualty Insurers – 2023 Direct Premiums Written by Line – 2024 Edition
Date: August 2024
Best's Rankings
US P/C Stand-Alone Cybersecurity Insurance – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Medical Professional Liability (Total) 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Medical Professional Liability (Occurrence) – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Medical Professional Liability (Claims Made) – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Homeowners Multiperil – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Best's Rankings
US Commercial Multiperil – 2023 Direct Premiums Written – 2024 Edition
Date: August 2024
Standing the Test of Time
Standing the Test of Time — 2024 Edition
In this edition, 176 insurers maintained a Best’s Financial Strength Rating of A or higher for at least 50 years, including 22 for at least 100 years.
Date: August 2024
India Insurance
Bima Sugam: An Online Boost to India’s Insurance Market
The Indian government’s initiative to create an insurance marketplace is a tried-and-tested method dating to the 17th century and deserves to be handled with caution.
Date: August 2024
Latin America Insurers
AM Best: Mexico’s Insurance Segment Outlook Remains Stable
A new Best’s Market Segment Outlook report maintains Mexico’s insurance industry at stable, owing to strong premium growth and solid profitability despite Hurricane Otis.
Date: August 2024
World’s Largest Insurers
World’s Largest Insurance Companies - 2024 Edition
Based on 2022 net nonbanking assets and net premiums written.
Date: July 2024
Top 75 US, Canada Public Insurers
Top 75 US and Canada Public Insurers - 2024 Edition
Ranked by 2023 assets and revenue.
Date: July 2024
Top 25 US Holding Companies
Top 25 US Holding Companies - 2024 Edition
Ranked by Assets and Revenue.
Date: July 2024
Top 200 US P/C Writers
Top 200 US Property/Casualty Writers - 2024 Edition
Industry’s 2023 net premiums written increased 10.4%.
Date: July 2024
What AM Best Says
AM Best: Social Inflation Remains a Thorn in the Side of Casualty Insurers
Cultural attitudes toward corporations and the erosion of tort reform in a number of states are among the factors driving social inflation.
Date: July 2024
For the Defense: Survey
State of the Insurance Defense Counsel Survey Says:
Forty-five insurance defense attorneys responded to a Best’s Review poll about the most significant issues confronting the profession and its relationship with insurers. The 16-question survey covered such topics as economics, legal climate and tone of attorney-client relationships. Some of the results follow.
Date: May 2024
Risk Adviser
Small Businesses Face Workers’ Comp Challenges; Many Underutilize Carrier Resources
Insurance agents play a role in advising small businesses and guiding them to mitigate workers’ compensation losses and improve employee health and safety.
Date: May 2024
Litigated Claims
Prime CEO: Tide of Litigated Claims, Like Bad Divorces, Enrich Lawyers
Insurers should fight back and not always give in to unreasonable settlements that are a prime factor in the rising tide of litigated claims, according to Rick Lindsey, Prime Insurance Co. chairman, president and chief executive officer.
Date: May 2024
Legal System Abuse
Munich Re, APCIA Execs: Insurers Look To Quell Ad-Driven Legal Abuse
As nuclear and thermonuclear verdicts continue to escalate, so will risk for insurers and the cost for the victims and policyholders, industry leaders say.
Date: May 2024
Best’s Rankings
Members of the International Group of P&I Clubs – 2024 Edition
Ranked by 2022 gross premiums written.
Date: May 2024
For the Defense
For the Defense: Insurers’ Cost-Cutting Mindset Strains Relationship With Defense Counsel
Insurance defense attorney members of Best’s Insurance Professional Resources who responded to an exclusive Best’s Review survey say they remain committed to the insurance industry but warn that counsel-insurer relationships are under stress because of a penny-wise, pound-foolish litigation approach adopted by some insurers. Meanwhile, an increasingly well-funded plaintiffs bar continues to rack up nuclear verdicts.
Date: May 2024
The Last Word
Coverage Conundrum: Lack of Affordable Homeowners Insurance Can Overburden the American Dream
Data show that, for some, affording homeowners insurance has become a growing difficulty. Residents in rural areas and certain cities are more likely to go without coverage.
Date: May 2024
Protection and Indemnity Clubs
Container Ship Owner, Manager Seek Legal Shield Against Baltimore Disaster Claims
The petitioners said they claim exoneration from liability for any and all losses or damage from the event and from any claims for damages that have been or may be filed.
Date: May 2024
Cyber
AM Best: Cyber Insurance Could Outpace D&O Coverage in Premium Volume
Christopher Graham, senior industry analyst, AM Best, said cyber may surpass directors and officers insurance in premium volume due to its rapid growth and changing market demands. He spoke at the PLUS Cyber Symposium.
Date: May 2024
Parametric Insurance
Rapid Growth Highlights the Value of Parametric Insurance
Parametric insurers create contracts for those risks that the traditional property market “may struggle with while also providing broader coverage that protects more of an insured’s loss,” said Derrick Easton, managing director, alternative risk transfer solutions, Americas, WTW.
Date: April 2024
Parametric Insurance
Parametric Plans May Offer Quicker Resolution After a Cyber Crisis
Greater connectivity among smartphones, computers, transportation vehicles, fitness apps, medical devices, business supply chains and other assorted gadgets can make data gathering easy.
Date: April 2024
Parametric Insurance
Parametric Insurance Contracts May Apply to Tougher Risks
Parametric insurance contracts, which offer objective “trigger events” and quicker payouts to those who need relief after a catastrophe, are gaining traction in the market.
Date: April 2024
CEO Interview
New Syndicate Tackles Carbon Credits Advancing Climate Goals
Voluntary carbon credits are tradable intangible instruments issued by a carbon crediting program. A carbon credit represents one metric ton of carbon dioxide reduced, removed or avoided in the Earth’s atmosphere.
Date: April 2024
Best's Rankings: Asia-Pacific
Largest Asia-Pacific Insurers – 2024 Edition
Ranked by 2022 gross premiums written.
Date: April 2024
Risk Initiatives
Insurers See Generative AI, Climate and Cyber as Key Risks
Insurers launch initiatives to respond to an array of emerging and evolving risks.
Date: April 2024
The Last Word
Don’t Get Carried Away With 2023 Cat Bond Returns
After a strong 2023, cat bonds are still likely to see strong demand. As terms weaken for new bonds, investors need to be cautious about risks, AM Best and others warn.
Date: April 2024
Asia-Pacific Insurers
AM Best: China’s Motor Segment Regains Growth Momentum
AM Best is maintaining a Stable outlook on China’s non-life insurance segment. The non-motor lines of business will likely be the main drivers of growth, according to a Best’s Market Segment Report.
Date: April 2024
What AM Best Says
AM Best Managing Director Highlights Record Year for Insurance-Linked Securities Amid Cat Bond Renewals
The ILS market grew by $4 billion last year to its current size of $100 billion, said Emmanuel Modu, noting most of that growth was based on cat bond issuance, which had a record of $15 billion this past year.
Date: April 2024
Crop Insurers
US Senators Propose Index-Based Crop Insurance for Small Farms
The program would make payments within 30 days in the event of indices exceeding any of the predetermined county-level thresholds for events such as high winds, excessive rain and flooding, extreme heat, abnormal freeze conditions, hail, wildfires, drought and other perils.
Date: March 2024
Best's Rankings
Top 20 P/C Managing General Agents — 2024 Edition
Ranked by 2022 direct premiums written.
Date: March 2024
DUAEs: Roundup
Ryan Specialty Forms Financial Lines and Renewables MGUs, Makes Acquisition
DUAE news roundup: Travelers closes on its cyber MGU acquisition and Canadian MGA First Acre Insurance launches with streamlined crop cover.
Date: March 2024
DUAEs: Rokstone Group
Rokstone Execs: Growth Momentum Comes as Market Shifts to MGA Model
Rokstone has strong growth targets over the next five years and is roughly tripling its gross premiums, a company executive said.
Date: March 2024
DUAEs
Private Equity Pouring Into DUAE Market as Investors Seek Liquidity, Growth
DUAEs offer the chance to participate in high-margin businesses that are easier to buy and sell and have made significant investments in technology, investors and analysts say.
Date: March 2024
Best's Rankings
Largest Private Crop Insurers – 2024 Edition
Ranked by 2022 direct premiums written.
Date: March 2024
Best's Rankings
Largest Multiperil Crop Insurers – 2024 Edition
Ranked by 2022 direct premiums written.
Date: March 2024
Best’s Rankings
Largest India Insurers – 2024 Edition
Ranked by 2022 gross premiums written.
Date: March 2024
India Insurers
International Insurers Seize Opportunities To Expand in India
The government increased the cap on foreign direct investment in an insurance company from 49% to 74%. Several international insurance groups, as a result, have grabbed the chance to increase their exposure to India’s insurance market, according to an AM Best report.
Date: March 2024
Surety Insurers
AM Best: Surety Growth, Profitability Bolstered by Public Works Projects
There is ample capacity in the market due to strong profitability. Existing surety writers are looking to expand coverages and grow their books, according to AM Best analysts.
Date: March 2024
MENA Insurers
Saudi Arabia, Türkiye Reacting to Inflationary, Economic Pressures
The following includes a list of the largest MENA insurers as well as excerpts from three Best’s Country Risk Reports.
Date: February 2024
What AM Best Says
Losses Drive Negative US Personal Lines Outlook; DUAE Market Shows Continued Growth
AM Best analysts spoke during a recent market outlook briefing that highlighted ongoing challenges in property/casualty insurance and a positive outlook for delegated underwriting authority enterprises.
Date: February 2024
Best's Rankings
Largest MENA Insurers - 2024 Edition
Ranked by 2022 direct premiums written.
Date: February 2024