Root Discloses SVB Exposure; Lemonade Unaffected

The impact of the Friday's shutdown of Silicon Valley Bank on the insurance industry remained as unclear as the fallout for the rest of the tech industry for most of this weekend, but two publicly ...

AM Best Downgrades SCOR Ratings

AM Best announced Thursday that it has downgraded the financial strength rating to "A" (excellent) from "A+" (superior) and the long-term issuer credit ratings to "a+" (Excellent) from "aa-" ...

2022 In Review: It Was Bad

The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate ...