Latest news with #Best'sReview
Yahoo
4 days ago
- Business
- Yahoo
Best's Review Explores the Growth of the Residual Property Market
OLDWICK, N.J., June 06, 2025--(BUSINESS WIRE)--The June issue of Best's Review examines how the impact of climate risk and severe weather events has reshaped the insurance industry, even causing homeowners to turn to the so-called insurers of last resort, FAIR Plans: "The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold" reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may cost more and offer less coverage. "Colorado FAIR Plan Launches With Help From Plans Countrywide, Director Says" explains the state's troubles and how its FAIR Plan aims to remedy them. "US Treasury's FIO: Home Insurance Affordability, Availability Undermined by Climate Risks" looks at a recent report from the U.S. Department of the Treasury's Federal Insurance Office and how industry groups are responding. "California Regulators Say Redrawn Wildfire Hazard Maps Will Protect Homes, Communities" explores how the California Department of Insurance wants to empower communities with more accurate information about the hazards faced by the state. Also included: "Large Language Models Examine Rising U.S. Homeowners Rates" presents responses from three artificial intelligence large language models about the forces driving the increase in homeowners rates. "Largest European Insurers – 2025 Edition" ranks non-IFRS 17 companies by 2023 gross premiums written and IFRS 17 companies by 2023 insurance service revenue. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best's Review is available here. For Best's Review advertising opportunities and a complete media kit, visit AM Best Advertising Services. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Patricia Vowinkel Executive Editor, Best's Review +1 908 882 1771
Yahoo
4 days ago
- Business
- Yahoo
Best's Review Explores the Growth of the Residual Property Market
OLDWICK, N.J., June 06, 2025--(BUSINESS WIRE)--The June issue of Best's Review examines how the impact of climate risk and severe weather events has reshaped the insurance industry, even causing homeowners to turn to the so-called insurers of last resort, FAIR Plans: "The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold" reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may cost more and offer less coverage. "Colorado FAIR Plan Launches With Help From Plans Countrywide, Director Says" explains the state's troubles and how its FAIR Plan aims to remedy them. "US Treasury's FIO: Home Insurance Affordability, Availability Undermined by Climate Risks" looks at a recent report from the U.S. Department of the Treasury's Federal Insurance Office and how industry groups are responding. "California Regulators Say Redrawn Wildfire Hazard Maps Will Protect Homes, Communities" explores how the California Department of Insurance wants to empower communities with more accurate information about the hazards faced by the state. Also included: "Large Language Models Examine Rising U.S. Homeowners Rates" presents responses from three artificial intelligence large language models about the forces driving the increase in homeowners rates. "Largest European Insurers – 2025 Edition" ranks non-IFRS 17 companies by 2023 gross premiums written and IFRS 17 companies by 2023 insurance service revenue. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best's Review is available here. For Best's Review advertising opportunities and a complete media kit, visit AM Best Advertising Services. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Patricia Vowinkel Executive Editor, Best's Review +1 908 882 1771 Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Best's Review Explores the Growth of the Residual Property Market
OLDWICK, N.J.--(BUSINESS WIRE)--The June issue of Best's Review examines how the impact of climate risk and severe weather events has reshaped the insurance industry, even causing homeowners to turn to the so-called insurers of last resort, FAIR Plans: ' The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold ' reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may cost more and offer less coverage. ' Colorado FAIR Plan Launches With Help From Plans Countrywide, Director Says ' explains the state's troubles and how its FAIR Plan aims to remedy them. ' US Treasury's FIO: Home Insurance Affordability, Availability Undermined by Climate Risks ' looks at a recent report from the U.S. Department of the Treasury's Federal Insurance Office and how industry groups are responding. ' California Regulators Say Redrawn Wildfire Hazard Maps Will Protect Homes, Communities ' explores how the California Department of Insurance wants to empower communities with more accurate information about the hazards faced by the state. Also included: ' Large Language Models Examine Rising U.S. Homeowners Rates ' presents responses from three artificial intelligence large language models about the forces driving the increase in homeowners rates. ' Largest European Insurers – 2025 Edition ' ranks non-IFRS 17 companies by 2023 gross premiums written and IFRS 17 companies by 2023 insurance service revenue. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best's Review is available here. For Best's Review advertising opportunities and a complete media kit, visit AM Best Advertising Services.
Yahoo
16-05-2025
- Business
- Yahoo
Best's Review Examines How Insurance Industry Is Embracing AI Innovation
OLDWICK, N.J., May 16, 2025--(BUSINESS WIRE)--In its May issue, Best's Review reports on how insurers have put aside their initial reluctance and welcomed artificial intelligence to help customers and better understand risk. The article "Insurance Industry Embraces AI Innovation as Technology Advances 'Exponentially" features insurance executives who discuss the real-world AI applications within the industry, from weather tools that aid in fortifying homes to an ecosystem of virtual agents. Read the article here. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best's Review is available here. For Best's Review advertising opportunities and a complete media kit, visit AM Best Advertising Services. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Patricia Vowinkel Executive Editor, Best's Review +1 908 882 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-04-2025
- Business
- Yahoo
Best's Review Examines Emerging Commercial Risks in 2025
OLDWICK, N.J., April 11, 2025--(BUSINESS WIRE)--In the April issue, Best's Review reports on why political change, artificial intelligence (AI) and cyber are among the top risks insurers will encounter this year. The article "Insurers, Buyers Face New Challenges With Emerging Commercial Risks in 2025," looks at what insurers are saying about the potential impact of a trade war, AI's fallibility, third-party litigation and more. Read the article here. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best's Review is available here. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Patricia Vowinkel Executive Editor, Best's Review +1 908 882 1771 Sign in to access your portfolio
