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Bail bond premiums were up 11.1% from five years ago, despite recent reforms in many states, said AM Best Associate Director David Blades and Associate Analyst Michael Vallario referencing new research from AM Best.
New research from AM Best reveals that the U.S. commercial auto segment still faces challenges even after posting the best results in over a decade, said AM Best Senior Industry Analyst Christopher Graham.
New research from AM Best shows private carriers increased their total flood insurance by more than 40% in 2021, said AM Best Senior Industry Analyst Christopher Graham and Associate Director David Blades.
The net underwriting loss reported for first-half 2022 was the worst in five years, said AM Best Associate Director David Blades and Associate Analyst Michael Vallario.
The state is dependent on Florida-focused specialist insurers, which are disproportionately dependent on reinsurance, said AM Best Senior Industry Analyst Christopher Graham and Senior Director, Industry Research & Public Relations Sridhar Manyem.
U.S. auto insurers' profit margins are being squeezed by inflationary pressure, supply chain challenges and costly repairs of technologically advanced autos, said AM Best Associate Director David Blades.
Frank Cesario, director, claims, insurance, LexisNexis Risk Solutions, said the rising number of total losses requires a greater focus on compressing the timeframe to make customers “whole faster and ensure we’re paying the right amount for the taxes and fees.”
Kip Kelley, CEO US, Aon Affinity, said successful programs are built on innovation, distribution, underwriting and administration. Kelley spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.
Claude LeBlanc, CEO, Ambac and Everspan Group, said the organization typically retains about 20% of the risk it writes. LeBlanc spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.
Ann McColgan, midcorp programs governance lead, Allianz Global Corp. and Specialty, said managing general agents that lack strong tech capabilities are being acquired by organizations that have those resources. McColgan spoke with AM Best TV at Target Markets' 20th Annual Summit in Scottsdale, Arizona.
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