AM BEST'S MONTHLY INSURANCE MAGAZINE

Property/Casualty Insurance

Insurance Industry Research

Tariffs and Trade Disputes Have Insurers Fretting: Goldman Sachs Asset Management Survey

Inflation remains a top macroeconomic concern facing insurance investment portfolios, along with the risk of a slowdown or recession in the United States, according to the survey.

Date: May 2025

Risk Adviser

Picturing Risk: Knowledge of Value, Perils a Must When Insuring Art

“Art washes away from the soul the dust of everyday life,” Pablo Picasso said. That doesn’t eliminate the need to insure it.

Date: May 2025

Protection and Indemnity Clubs

P&I Clubs: Record High Free Reserves Despite Challenges on Technical Performance

High investment returns boosted free reserves to record high levels in recent years but AM Best expects underwriting performance to deteriorate, according to a Best’s Market Segment Report.

Date: May 2025

Best’s Rankings

Members of the International Group of P&I Clubs — 2025 Edition

Ranked by 2023 gross premiums written.

Date: May 2025

State Rate Filings

Buffeted by Storm Losses, Iowa Homeowners Insurers Hike Rates, Tighten Writing

Homeowners writers in Iowa have pursued a myriad of options in the face of catastrophic weather losses, inflation and rising reinsurance costs.

Date: May 2025

Thailand Insurers

Strong Profitability for Thailand Non-Life Insurers in 2023

Thailand’s non-life market posted an underwriting gain in 2023 as capital levels rebounded due to favorable profitability.

Date: April 2025

Carbon Credit Fraud

Marsh’s Quintal and We2Sure’s Wigzell: Insurance Facility Tackles Carbon Credit Fraud Risks

A new insurance facility can help businesses address the growing risk of counterfeit certificates and nonexistent projects, Jackie Quintal, managing director of Marsh McLennan’s Financial Institutions Group, and Simon Wigzell, co-founder and chief underwriting officer of We2Sure, told AM Best TV.

Date: April 2025

Malaysia Outlook

Market Segment Outlook: Malaysia Non-Life Insurance

AM Best is maintaining a Stable outlook on Malaysia’s non-life insurance segment, citing anticipated premium growth spurred by economic recovery.

Date: April 2025

Asia-Pacific Insurance

Largest Asia-Pacific Insurers – 2025 Edition

Ranked by 2023 gross premiums written.

Date: April 2025

Commercial Risks

Insurers, Buyers Face New Challenges With Emerging Commercial Risks in 2025

Political change, artificial intelligence and cyber are among the many risks insurers and their clients face in 2025, companies say.

Date: April 2025

Cyberrisk

Cyber Insurance Survey Highlights Systemic Risk, Particularly on SMEs

AM Best, which sent its cyber questionnaire to the largest cyber insurers globally, summarizes the 41 responses received in the report.

Date: April 2025

Chemical Liability

Chemical Liability Is Seen as an Emerging Risk Every Business Must Tackle and Manage

Insurers are addressing the growing legal risks of “forever chemicals” exposure as well as evolving regulations and the need for proactive risk management, said Grant Nichols, senior vice president at CAC Specialty.

Date: April 2025

Third-Party Litigation

Betting on American Justice: Lawmakers, Regulators Target Third-Party Litigation Funding

Debates are continuing over how to address third-party litigation funding, with the federal and some state governments taking steps to curb social inflation.

Date: April 2025

ILS Market

AM Best: ILS Market Hits $107 Billion as Cat Bonds, New Capital Drive Growth

ILS market capacity reached new heights, bolstered by supply-and-demand dynamics in the insurance-linked securities market, AM Best Director Matt Tuite recently told AM Best TV.

Date: April 2025

Cell Captives

Lower-Cost Cell Captives Emerge as Groups’ Risk Management Program

Cell captives are a growing avenue for organizations looking to protect themselves against risk. Their flexibility and low capital needs are seen as attractive features for companies that do not want to set up a traditional single-parent captive.

Date: March 2025

Captives

Largest Published, Rated Single-Parent Captive Insurers – 2025 Edition

Ranked by 2023 gross premiums written.

Date: March 2025

Best’s Rankings

Largest Private Crop Insurers – 2025 Edition

Ranked by 2023 direct premiums written.

Date: March 2025

Best’s Rankings

Largest Multiperil Crop Insurers – 2025 Edition

Ranked by 2023 direct premiums written.

Date: March 2025

India Insurers

Largest India Insurers - 2025 Edition

Ranked by 2023 gross premium written.

Date: March 2025

Inland Marine

AM Best: Pet Insurance Evolving as Inland Marine Niche Business Post-Pandemic

Following the recent release of the Best’s Market Segment Report Mixed Early Pet Insurance Results but Inland Marine Remains Strong, AM Best discussed the pet, travel and inland marine insurance markets.

Date: March 2025

India Insurers

AM Best: Outlook Remains Stable for India Non-Life Insurance Segment

Premium growth and economic development have bolstered the segment, according to AM Best’s Market Segment Outlook: India Non-Life Insurance. Despite strong premium growth, India’s non-life segment continued to generate underwriting losses in fiscal year 2024.

Date: March 2025

MENA Insurers

Trust Re CEO: Regional Insurers Should Resist Foreign Expansion, Focus on Local Opportunities

There are plenty of services that regional reinsurers are unable to provide, said Yassir Albaharna, group chief executive officer of Trust Re.

Date: February 2025

Workers’ Compensation

Montana Insurance Commissioner Grants First ‘Sandbox Waiver’ to Workers’ Comp Program

Montana State Fund’s program is granting premium waivers of up to $10,000 for a potentially smoother transition after a premium audit, the state says.

Date: February 2025

Best’s Rankings

Largest Surety Insurers – 2025 Edition

Ranked by 2023 direct premiums written.

Date: February 2025

Best’s Rankings

Largest MENA Insurers – 2025 Edition

Ranked by 2023 gross premiums written.

Date: February 2025

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 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