BEST'S CREDIT RATING ACTION
May 02, 2024 10:44 AM (EDT)
U.S. personal auto insurers are the furthest ahead when it comes to innovative processes like automated claims management and the use of data to automate underwriting, according to a new AM Best report.
SPECIAL REPORT
May 01, 2024 09:24 AM (EDT)
Premium growth for AM Best’s medical professional liability composite moderated to 3.6% in 2023, but overall financial results were buoyed by favorable net investment income, according to a new AM Best report.
Apr 26, 2024 09:07 AM (EDT)
Publicly traded U.S. health insurance companies saw another year of growth, as total GAAP revenue rose in 2023 by 10.4% to $1.07 trillion. However, according to a new AM Best report, future results may be pressured.
EARNINGS
May 02, 2024 11:54 AM (EDT)
MetLife Inc. reported a negative return on real estate equity investments of 5.8% in the first quarter, even as variable investment income as a whole rose during the period.
May 01, 2024 02:19 PM (EDT)
Prudential Financial Inc. said it will shutter its Assurance IQ direct-to-consumer platform less than five years after announcing the $2.35 billion acquisition.
May 02, 2024 12:06 PM (EDT)
Cigna Group reported a first-quarter shareholders' net loss of $277 million, compared with a $1.27 billion profit a year earlier. The health insurer's loss included a a non-cash after-tax investment loss of $1.8 billion.
May 02, 2024 02:46 PM (EDT)
American International Group Inc. expects to realize savings and streamline its core general insurance business through U.S. staff cuts and the ongoing divestiture of its life and retirement business, said its chief executive.
May 02, 2024 02:58 PM (EDT)
If Allstate Corp.’s customers “quit getting sued every time they have an accident” the company could ease back on some rate increases, according to Chairman, Chief Executive Officer and President Tom Wilson.
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An overview for those working with and in one of the world's most interesting and vital industries is now available in the January 2024 issue of Best's Review.
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