Steering to a Profit
AM Best TV & Audio: HDI Executives: Insurers May Find Rough Road Ahead With ArtificiaI Intelligence, Electric Vehicles: Also, professionals examine different generations’ retirement planning strategies and discuss cybercrime protection for small and midsize businesses.
AM Best Webinars: Executive Panelists Examine the State of the US Surplus Lines Sector, New Report Details: Professionals also discuss the importance of stress testing for (re)insurers and explore litigation in the energy production industry.
Artificial Intelligence: Leading AI Platforms Focus on Auto Insurers, Customer Satisfaction: Best’s Review asked leading artificial intelligence models how auto insurers can improve customer satisfaction.
At Large: The Future of M&A: The Impact of Global Market Trends: Three overarching trends among insurers are likely to drive M&A activity in the coming decade.
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.
Best's Rankings: Auto: Top 25 Commercial Auto No-Fault Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 Other Commercial Auto Liability – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 Other Private Passenger Auto Liability – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 Private Passenger No-Fault Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 US Auto Liability Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 US Auto Physical Damage Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 US Commercial Auto Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 US Private Passenger Auto Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: Top 25 US Total Auto Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: US Auto Liability – Top Writers by State, Canada and US Territories – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: US Auto Physical Damage – Top Writers by State, Canada and US Territories – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: US Commercial Auto – Top Writers by State, Canada and US Territories – 2024 Edition: Ranked by 2023 direct premiums written.
Best's Rankings: Auto: US Private Passenger Auto – Top Writers by State, Canada and US Territories – 2024 Edition: Ranked by 2023 direct premiums written.
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.
Best’s Rankings: Captive Insurers: Largest Published, Rated Single-Parent Captive Insurers – 2024 Edition: Ranked by 2022 gross premiums written.
Best’s Rankings: Caribbean Insurers: Largest Caribbean Insurers – 2024 Edition: Ranked by 2022 gross premiums written.
Best’s Rankings: Directors & Officers: Top US P/C D&O Monoline Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best’s Rankings: L/H Asset Distribution: US Life/Health Asset Distribution – 2024 Edition: Ranked by 2023 total admitted assets.
Book Store: Microinsurance Provides Resilience in Low-Income Communities Facing Tragedies and Natural Disasters: A new book highlights the importance of microinsurance and chronicles CARD Pioneer Microinsurance’s journey to provide coverage to vulnerable populations in the Philippines.
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.
Corporate Changes: Mergers, Acquisitions, State Actions and Name, Ownership and Domiciliary Changes: Merit Life, Electric and CM Select are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
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.
Executive Changes: Ryan Specialty Sets Succession Plan for Chief Executive Officer, Other Top Execs; Founder To Take on Executive Chairman Role: USAA names chief human resources officer, Markel welcomes chief actuarial officer and Liberty Mutual announces EVP-CFO successor.
From the Editor’s Desk: Managing Road Bumps: Best’s Review examines the U.S. private passenger auto insurers that bucked broader industry trends. The October issue also includes rankings of the largest Caribbean insurers and largest captive insurers.
Insurance Professional Resources: Communication, Understanding Are Key for Youths and Adults Joining Sports Leagues, Legal Expert Says: The legal landscape governing sports participation—even surrounding uniform compliance—is complex, according to attorney and veteran sports official Alan Goldberger.
Issues & Answers: ISSUES & ANSWERS: Data and Fairness: A senior consulting actuary discussed the industry’s efforts to create more transparency and deal with potential hidden biases that may exist in data usage and in modeling.
Life Insurance: Life Insurance Death Benefits Paid to Beneficiaries Stabilized in 2023: The industry, however, says the number of benefits is still much higher than a decade ago, citing diet, lack of exercise or even long COVID as possible reasons.
Preferred Podcasters: Podcast Uses One State’s Expertise To Answer Any Questions About Insurance: Washington state has a podcast, OIC Answers, that addresses questions about insurance for its residents, but officials say the content could be useful for anyone who gets an insurance bill.
Preferred Publishers: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
Risk Adviser: Artificial Intelligence’s Imperfections Become Clearer: Efficiency and accuracy can emerge in an insurance sector powered by AI. What can happen when it’s less than perfect?
Risk Adviser: ‘Hard Market’ Isn’t Ending, Partly Because There Never Really Was One: Rates have been a function of ongoing inflationary trends and rising loss costs. There has been no single event to blame.
State Rate Filings: US Workers’ Compensation Approved Rate Filings by Overall Effect With Decreases Greater Than 60%: Based on an effective date beginning on Jan. 1, 2005, through Dec. 31, 2024.
State Rate Filings: US Workers’ Compensation Approved Rate Filings by Overall Effect With Increases Greater Than 80%: Based on an effective date beginning on Jan. 1, 2005, through Dec. 31, 2024.
State Rate Filings: West Virginia Looking at Workers’ Compensation Decrease for 20th Straight Year: The Mountain State has seen fewer approvals for workers’ compensation rate increases than other states since 2005. The increases also have been much smaller.
State Rate Filings: West Virginia Workers’ Compensation Approved Rate Filings by Overall Effect With Decreases Greater Than 20% : Based on an effective date beginning on Jan. 1, 2005, through Dec. 31, 2024.
State Rate Filings: West Virginia Workers’ Compensation Approved Rate Filings by Overall Effect With Increases Greater Than 15% : Based on an effective date beginning on Jan. 1, 2005, through Dec. 31, 2024.
Trending: Best’s News: Trending Articles Include Rankings of Top Global Brokers, World’s Largest Insurance Companies: Other popular items include an article about changes in the insurance accounting sector and an article about Florida property rates.
Trending: Best’s Research: Trending Research Features Reports on Global Reinsurance and the US Homeowners Insurance Segment: Other trending research includes reports on captive insurance and insurance company asset management.
Underwriting & Loss Control: For Property Managers, Insurance Can Help in Extinguishing Risk: Best’s Underwriting Reports and Best’s Loss Control Reports provide insights into the risks and lines of coverage for property management firms.
Web Traffic: Web Traffic: Visits to Largest US Private Passenger Auto Insurance Sites: Progressive leads web analytics provider Semrush’s ranking of most-visited private passenger auto insurer websites.
What AM Best Says: AM Best: Highly Innovative Personal Auto Carriers Have a Significant Competitive Edge: Personal auto carriers have the highest average innovation scores among the property/casualty lines of the insurance industry, according to a recent AM Best Special Report.