AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in its official tally for the year.
Additional downgrades...
People across California continue to struggle as many are being told that their homeowners insurance policies will not be renewed.
A number of providers are now telling homeowners they live in high-risk areas that are too fire prone or “too densely populated.”
San Francisco is...
Yet another Florida insurance company is asking the state to hike their rates. According to the Office of Insurance Regulation, Cypress Property & Casualty Insurance Company of Jacksonville will have a public hearing on April 3rd at 2:30 p.m. The company is asking...
Carbon Insurance Company Oka announced it has closed a $10 million funding round, which sets the foundation for the next growth phase. The company’s lead investors included Aquiline Capital Partners LP, firstminute capital, and Overview Capital. This round of funding also included the...
HELP ME HANKPublished: March 29, 2024, 6:28 PMTags: news, help me hank, metro detroitA grieving family is in a battle with their late mother's insurance company. While they should be focused on making end-of-life arrangements, they're instead wasting hours making calls and getting nowhere.
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A.M. Best is a credit rating agency that began reviewing insurance companies back in 1899. Issued annually, its grades illustrate an insurer's ability to pay out on claims and meet other financial obligations.CNBC Select often uses A.M. Best's ratings to help determine the...
