Best's Review

AM Best: COVID-19 Dampened 2020 Commercial Health Sales

Most insurers reported the individual market and employer group segment were sticking with their existing carriers during the pandemic, which caused a decline in sales.

Posted: Feb 26, 2021

Parsyl CEO: The Last Mile of Vaccine Delivery Is Where Insurance Matters Most

A public-private partnership comprised of capital from a U.S. government agency, reinsurers, insurers and Lloyd’s syndicates uses data and analytics to insure vaccine supply chains.

Posted: Feb 26, 2021

Drones, Telematics and Sensors Help Insurers Manage Risks

Now more than ever, innovative risk management practices demonstrate the unique value that carriers and independent agents deliver to their customers.

Posted: Feb 26, 2021

Gulf Cooperation Council Region Recognizing Benefits of Captives

Reinsurance market conditions and regulatory changes in the region are creating a better environment for captives.

Posted: Feb 26, 2021

Catastrophe Modeling, Improved Risk Assessment Among Panel Recommendations to Increase Takeup of Ear...

AM Best TV spoke with four industry experts about closing the protection gap that exists even in areas with frequent earthquake activity.

Posted: Feb 26, 2021

COVID-19 Forced Workers to Adapt to New Modes of Working

The unavoidable changes wrought by the pandemic meant many employees were pushed out of their comfort zone.

Posted: Feb 26, 2021

The Insurance Industry Begins Year Two of a Brave New World

This issue also includes a look at insurer investments in collateralized loan obligations and a listing of the largest European non-life insurers.

Posted: Feb 26, 2021

New Companies, Name Changes, Mergers and Acquisitions and Ownership Changes

Friday Health, Hoosier and Unigard insurance companies are among the life/health and property/casualty insurers in the United States that have been incorporated, merged or had another corporate change.

Posted: Jan 29, 2021

AIR Worldwide: Insured Cat Losses Average $100B

The company’s 2020 Global Modeled Catastrophe Losses report helps insurers identify potential growth opportunities. AM Best TV and AM Best Audio report on stories from a number of sectors within the insurance industry.

Posted: Jan 29, 2021

Remote Claims Handling, Medical and Behavior Data and the Benefits of Captives

Professionals discuss how COVID-19 has changed the handling of insurance claims, how combining data sources can help life carriers reach fast decisions and how captives are an important risk management tool for their owners.

Posted: Jan 29, 2021

Legacy Business Pressure Continues on LTC Insurers’ Bottom Lines

AM Best also comments on hardening in the 2021 general liability market and European reinsurance.

Posted: Jan 29, 2021

AM Best: Higher Rates Drive Nonstandard Auto Underwriting Profitability

The nonstandard auto market has benefited from lower combined ratios but faces growth challenges during the pandemic, said David Blades, associate director, AM Best.

Posted: Jan 29, 2021

UK Coalition Asks Government to Provide Insurance Backstop for Live Music Festivals

Coverage could be extended to a range of sectors, including hospitality, sports and leisure.

Posted: Jan 29, 2021

Munich Re: Insured 2020 Natural Catastrophe Losses Hit $82 Billion on Hurricanes, Wildfires

U.S. share was higher in 2020 as natural disaster losses accounted for $67 billion of insured losses, compared with $26 billion a year ago.

Posted: Jan 29, 2021

Insurance Europe Warns of Regulatory Overreach

Industry group says the decision to perform forward-looking analyses on climate change risks should remain at the discretion of insurers.

Posted: Jan 29, 2021

2021 Liability Forecast: COVID, Cyber, Opioids, Sex Abuse

Claims and lawsuits regarding insurance coverage show no signs of abating.

Posted: Jan 29, 2021

‘Property Brothers’ Build on Homeowners Insurance Message

Reality TV stars Drew and Jonathan Scott are named American Family Insurance’s newest brand ambassadors, and Mutual of Omaha retires Native American logo.

Posted: Jan 29, 2021

Hippo President: Non-Insurers Like Amazon Pushing Into Insurance Space

These companies with large customer bases could even create more competition for carriers than insurtechs, Rick McCathron said.

Posted: Jan 29, 2021

Insurance Jobs Hold Steady During Economic Upheaval Created by Pandemic

Employment in the sector is projected to increase through the year, primarily in areas such as technology, underwriting and claims.

Posted: Jan 29, 2021

Ransomware Blooming, Sophistication Growing as Hackers Get More Brazen

Cybercriminals are now offering ‘customer service’ to victims, according to Resilience Insurance President Mario Vitale.

Posted: Jan 29, 2021

Philadelphia Insurance Cos. Names New Chief Executive

John W. Glomb takes over for Bob O’Leary, who has stepped aside after eight years in the top spot. Also, NAIC elects 2021 officers, III chief economist to retire and Scor SE names CEO successor.

Posted: Jan 29, 2021