Pushing Back the Risk Frontier:
AM Best TV & Audio: Regulatory Overreach Concerning as It Could Threaten Pricing, Greater New York Mutual Executive Says: Also, professionals discuss the alignment of the ILS and reinsurance markets and explore insurers’ shifting focus from public to private D&O sectors.
AM Best Webinars: Legal Panelists To Explore Risks, Defense Strategy, Evolving Precedent in AI-Related Claims Litigation: Professionals also examine loss trends in cyber liability insurance and discuss the state of the Asia-Pacific and surplus lines markets.
Artificial Intelligence: Leading AI Platforms Focus on Benefits of Reciprocal Insurance Exchanges: Best’s Review’s queries of artificial intelligence models reveal financial and service benefits of reciprocals.
Best’s Rankings: Top 25 Life/Health Insurers’ Investment Returns – 2024 Edition: Ranked by 2023 total admitted assets.
Best’s Rankings: Top 25 US Homeowners Multiperil Writers – 2024 Edition: Ranked by 2023 direct premiums written.
Best’s Rankings: US Homeowners Multiperil – Top Writers by State, Canada and US Territories – 2024 Edition: Ranked by 2023 direct premiums written.
Best’s Rankings: US Life/Health – Pre-Tax Investment Total Returns – 2024 Edition: Investment returns from 2014 to 2023.
Best’s Rankings: US Property/Casualty – 2023 Asset Distribution – 2024 Edition: Ranked by 2023 total admitted assets.
Best’s Rankings: US Workers’ Compensation – 2023 Direct Premiums Written – 2024 Edition:
Bookstore: Author: The World of Make-Believe Can Give Real Meaning to Policies, Coverage, Claims: In her book, CMR Consulting’s Chantal Roberts uses familiar fairy tales to make insurance concepts more understandable.
Cayman Islands: CIRCA Chair: Wealth Transfer Fueling Cayman Life, Annuity Lines: David Self, chair of the Cayman International Reinsurance Companies Association, and André Ebanks, Cayman Islands deputy premier, minister for financial services & commerce, view insurance as a key part of driving the nation’s role as a financial services hub.
Corporate Changes: Mergers, Acquisitions, State Actions and Name, Ownership and Domiciliary Changes: Paramount Care, Columbian Life and Blackboard Insurance are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Executive Changes: After 36 Years at USAA, Chief Executive To Step Down in 2025; Board Considers Potential Successors: Allianz SE welcomes executive director, Arch names chief financial officer and Everest fills new chief global broking officer role.
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.
From the Editor’s Desk: Reciprocal Insurers Emerge in Cat-Prone Florida: Best’s Review examines the recent proliferation of reciprocal insurance exchanges. At least 21 reciprocals have launched between 2017 and 2024; nearly half are domiciled in Florida.
Industry Updates: California Sets AI Guide Rails for Health Plan, Disability Insurers: The new law was part of a wave of 17 AI-related bills recently signed by Gov. Gavin Newsom, who said the state has a responsibility to protect its citizens from the “potentially catastrophic risks” presented by AI.
Industry Updates: UK Regulator Says Managing Agent, Other Reforms Coming: Lloyd’s welcomed the managing agent updates. The London Market Association also cheered the announcement.
Insurance Professional Resources: More Is Not Merrier: Multiple Defendants Complicate Issues, Extend Discovery in Oil and Gas Pipeline Lawsuits: A panel of insurance professionals and expert witnesses recently discussed issues surrounding oil and gas pipeline litigation with AM Best TV.
Issues & Answers: ISSUES & ANSWERS: Workers' Compensation • Artificial Intelligence: Insurance leaders discuss the importance of embracing technology in managing workers’ compensation issues and developing artificial intelligence.
Life Insurance: Swiss Re: Pandemic-Related Excess Mortality in US, UK May Linger Until 2033: A reinsurer’s report finds that the United States and United Kingdom could see post-pandemic excess mortality at an elevated level for a decade.
Preferred Podcasters: Podcast Explores Insurance Asset Management Trends and Challenges: Stewart Foley, host of the InsuranceAUM.com Podcast, provides listeners with perspectives and practical advice in insurance asset management.
Preferred Publishers: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
Pushing Back the Risk Frontier: How Insurers Are Incubating Their Own Technology: AM Best TV hosted a panel discussion about the development of cutting-edge technologies and their integration into the insurance industry.
Pushing Back the Risk Frontier: How Insurers Are Launching Their Own Evolutionary Tech: AM Best TV hosted a panel discussion about insurers developing strategies and confronting challenges while launching evolving technology in the industry.
Pushing Back the Risk Frontier: New Models for Managing Successful Insurance Tech Evolution: AM Best TV hosted a panel discussion about evolving technology that’s proven to be innovative, revolutionary and successful in the industry.
Pushing Back the Risk Frontier: Pushing Back the Risk Frontier: How Insurers Are Co-Opting the Insurtech Playbook: Insurance and data experts spoke with AM Best TV about how evolving technology is playing an increasingly integral role in the industry.
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.
State Rate Filings: Cyber/Identity Theft Approved Rate Filings by Overall Effect With Decreases of 1.30% and Greater: Based on an effective date beginning on Jan. 1, 2024, through Dec. 31, 2024.
State Rate Filings: Cyber/Identity Theft Approved Rate Filings by Overall Effect With Increases of 1% or Greater: Based on an effective date beginning on Jan. 1, 2024, through Dec. 31, 2024.
State Rate Filings: National Public Data Breach Highlights Importance of Cyber Insurance Coverage: The summer hack of National Public Data put the spotlight on cyber insurance coverage. Best’s Review looks at the largest increases and decreases in rates among the segment’s insurers.
Trending Best's News: Top Global Brokers, Mutual Insurers Rankings Lead the List of Trending Best’s Review Articles: Other popular items include the magazine’s “Standing the Test of Time” feature and a surplus lines webinar.
Trending: Best’s Research: Trending Research Features Reports on IFRS 17, World’s Largest Reinsurers and Hurricane Helene: Other trending research includes reports on ILS capacity, global reinsurance and Hurricane Francine.
Underwriting & Loss Control: Product Contamination, Injury Are Top Risks for Olive Oil Processors: Best’s Underwriting Reports and Best’s Loss Control Reports provide insights into the risks and lines of coverage for olive oil processors.
Web Traffic: Web Traffic: Visits to Largest US Homeowners Multiperil Insurance Sites: Progressive leads web analytics provider Semrush’s ranking of most-visited U.S. homeowners multiperil insurer websites.
What AM Best Says: AM Best: Workers’ Compensation Winning Streak of Profits Continues: AM Best analysts highlight a Best’s Market Segment Report that discusses how the workers’ compensation segment continues to remain more profitable than other lines.
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.