Market News

Insurance Premiums Increased for 16th Consecutive Quarter in Q3

December 3, 2021

Commercial property and casualty insurance premiums increased for the 16th consecutive quarter during the third quarter of 2021, according to the Council of Insurance Agents and Brokers (CIAB). According to the CIAB's Commercial Property/Casualty Market Index, prices increased 8.9 percent across all account sizes. Read More

Best Report Finds Captives Continuing To Outperform Commercial Market

December 2, 2021

Despite the impacts of the COVID-19 pandemic, rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continue to outperform US commercial casualty insurers, according to A.M. Best. The group of captive insurance companies saw net earned premium growth of 11 percent in 2020, Best said. Read More

A.M. Best Revises US Commercial Property Market Outlook to Stable

December 1, 2021

Citing a variety of factors, A.M. Best has revised its market segment outlook for the US commercial property market to stable from negative. The decline in pandemic-related business interruption claims and favorable rulings for insurers in lawsuits related to those claims were factors in the outlook change. Read More

Increased Public Scrutiny Seems To Reduce Pace of Ransomware Attacks

November 29, 2021

While the level of ransomware attack activity has fluctuated through 2021 as public scrutiny of ransomware attacks has increased, the level of that particular cyber threat remains elevated, according to a new report from Aon. The pace of attacks has risen and fallen several times during 2021. Read More

US Property-Casualty Insurers Post 9-Month Underwriting Loss

November 29, 2021

Increased losses and expenses led to a $6.1 billion underwriting loss for the US property-casualty insurance industry over the first 9 months of 2021, according to A.M. Best. The industry's combined ratio weakened from the same period in 2020 to 99.5 percent. Read More