-
AM Best then withdrew its ratings at the company’s request. -
Other liability adverse development is being offset by workers' compensation releases.
-
Commercial lines difficulties continue to weigh down industry results.
-
The agency cited the InsurTech’s material underwriting losses in 2023.
-
Some carriers may be pressing too hard on reserve releases from recent years.
-
Workers' comp saw an ongoing significant increase in losses.
-
Carriers expressed confidence on the line’s ability to withstand medical inflation.
-
David Arick will design and implement Sedgwick’s risk management solutions.
-
Commercial carrier earnings continue to show mixed prior-year development.
-
Last year, this publication revealed that TPA SCM and Rimkus launched sales processes.
-
Severe convective storms are the biggest overall driver of adverse results.
-
The average 2023 premium renewal rate change for commercial property was significantly higher than 2022 across all months.
