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Best's Commentary: Secondary Perils Taking an Increasingly Larger Share of U.S. Catastrophe Losses

A new Bestโ€™ s Commentary, titled,โ€œ Secondary Perils Increasingly Responsible for Largest U.S. Catastrophes,โ€ notes that although the trends of more frequent and harmful catastrophes are a global issue, the United States continues to suffer many of the most intense and most impactful natural disasters in terms of total damages and insured losses.
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AM Best Places Credit Ratings of Mississippi Farm Bureau Casualty Insurance Company Under Review With Positive Implications

AM Best has placed under review with positive implications the Financial Strength Rating of A and the Long-Term Issuer Credit Rating ofโ€œ aโ€ of Mississippi Farm Bureau Casualty Insurance Company. The Credit Rating actions reflect the recent approval of an inter-company reinsurance agreement with its parent, Southern Farm Bureau Casualty Insurance Company.
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Best's Market Segment Report: AM Best Revises Outlook on U.S. Commercial Lines Insurance Industry Back to Stable

AM Best has revised its market segment outlook for the U.S. commercial lines segment of the property/casualty insurance industry to stable from negative, citing the relatively modest negative impact of the COVID-19 pandemic, continued strong pricing momentum across the segment and favorable rulings to date on many business interruption coverage...
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