Best's Review

Market Segment Report: Premium Volume May Be Down but Profits Could Expand for Auto Insurers

AM Best also comments on the potential for Texas insurers to see record catastrophe losses from winter storm Uri and accelerated ESG investments.

Posted: Mar 31, 2021

Power Shot: Customer Brand Loyalty and Sports Partnerships Are in Full Effect in Insurance

COVID-19 hasn’t stopped many insurance brands from resonating with consumers and meeting customer expectations, and Vitality is partnering with reigning Olympic gold medal team England & Great Britain Women’s Hockey.

Posted: Mar 31, 2021

UnitedHealth Group Names Successor to Retiring CEO

Also, FM Global creates new position of head of power generation, Ohio has a new insurance commissioner and Lloyd’s fills newly created role of chief of markets.

Posted: Mar 31, 2021

Best’s Credit Ratings Mobile App Puts Information at Agents’ Fingertips

Adriana Franco details the concept behind developing the app and what to expect from the application and its features over time.

Posted: Mar 31, 2021

Attorney: Insurance Policy Exclusions Still Fodder for New York Courts

Author Evan Krinick takes a look at 25 years of insurance cases in new book.

Posted: Mar 31, 2021

AM Best: China Outlook Shaped by Premiums, Profitability and Regulation

Auto insurance comprises the majority of China’s nonlife market.

Posted: Mar 31, 2021

Name Game: Some Insurers Are Shedding Their Old Monikers for New Company Names

Every corporate name change has a unique story behind its inspiration, and several insurers recently have found creative ways to rebrand their company names.

Posted: Mar 31, 2021

Plan Now for the Inevitable Soft Market

Successful insurers maintain underwriting discipline that anticipates a rate downturn.

Posted: Mar 31, 2021

Beyond the Pandemic, a Gathering Wave of Risks Threatens Insurers With Outsized Losses

This issue includes a look at lawsuits over chemicals that have contaminated drinking water and examines growing concerns about cyberrisks. Other coverage includes a listing of the largest insurers in Latin America.

Posted: Mar 31, 2021

Benefits From Optimal Processes, Accurate Analysis and How Insurance Claims Are Changing

Professionals discuss how carriers are investing resources into analytics, how remote access and lifestyle changes are affecting insurance claims and how the insurance industry is tackling long-term care.

Posted: Feb 26, 2021

Acquisitions, Name Changes and State Actions

Security Life of Denver is among the life/health and property/casualty insurers in the United States that have had a recent corporate change.

Posted: Feb 26, 2021

Telehealth Claim Surge From Pandemic Transforms Healthcare Delivery

AM Best also comments on the stock market frenzy impacting social inflation for insurers that provide Robinhood coverage and UK business interruption.

Posted: Feb 26, 2021

Swiss Re Economist: Most Natural Catastrophe Losses in 2020 Were From Secondary Perils

Also, professionals discuss COVID’s trio of risks and lowering limits on child abuse and molestation coverage.

Posted: Feb 26, 2021

Racing Ahead With Sponsorships and Creating Social Connections

Root Insurance is partnering with NASCAR’s Bubba Wallace, and insurers are accelerating their use of social media marketing to create long-term brand awareness and build trust and credibility with consumers.

Posted: Feb 26, 2021

Munich Re America Names Successor for Retiring President, Chief Executive Officer

M. Steven Levy to retire and Marcus Winter moves into new role. Also, K. Douglas Briggs selected insurance professional of the year, Chubb names climate sustainability manager and the Association of Bermuda Insurers and Reinsurers elects officers.

Posted: Feb 26, 2021

Early NCCI Data: 8.1% Decrease in Workers’ Comp 2020 NPW

Workers’ compensation premiums fell from $42 billion in 2019 to $38.6 billion in 2020 in a change that’s attributed to COVID-19, according to NCCI.

Posted: Feb 26, 2021

As the World Turns: Global Perceptions of Life Insurance

The reasons for owning life insurance, along with consumer buying behavior, vary around the world. However, nearly everyone agrees it’s an important part of personal risk management.

Posted: Feb 26, 2021

Professor: Insurers Should Address Those Affected by Historical Inequalities

A historian details the inequities of insurers practicing risk assessment using racial data.

Posted: Feb 26, 2021

One Year Later: COVID-19 Is Still Teaching Us Lessons

The pandemic has enlightened us over the course of the past 12 months. We should take care not to lose the wisdom imparted by these trying times.

Posted: Feb 26, 2021

Protests, Riots Raise Questions of Civil Authority Coverage

For any given loss, coverage depends on the language of the particular policy provisions governing the claim at issue.

Posted: Feb 26, 2021

Activist Investor Urges Finland’s Sampo to Dump Nordea Bank

Sampo said it sold 162 million shares of Nordea Bank to institutional investors last November for gross proceeds of €1.17 billion as part of the Finnish insurer’s strategy to focus on property/casualty insurance.

Posted: Feb 26, 2021