The SECURE Act
Let ALIRT help you implement a “best practice” approach to selecting annuity carrier partners as part of your fiduciary duty and safe harbor requirements.
Florida Domestic Insurer Market Update – December 2024
In this article, we discuss how recent legislative reforms and improved market conditions have helped stabilize Florida’s homeowners insurance market, attracting new insurers and improving financial performance.
Porch Group Throws In The Towel on Homeowners of America Insurance Company
This article explains Porch Group’s shift from a full-stack insurance approach, marked by ongoing financial challenges with Homeowners of America Insurance Company, towards launching a reciprocal exchange, Porch Insurance Reciprocal Exchange (PIRE),
P&C Mutual Insurance Market Overview
In the following review we provide an update on the state of the P&C mutual insurance market based on 6 months 2024 financial results.
ALIRT Scores Vs. A.M. Best Ratings – A Comparative Study for the U.S. P&C Industry
Register to read full abstract Already registered? Login here
U.S. Surplus Lines – 2024
A.M. Best recently released its annual review of the surplus lines industry which it has published for the last three decades. ALIRT uses this opportunity to refresh its own 50 Company Surplus
ALIRT Update: Residual Market Trends in Four Higher Catastrophe Risk States
This article is about the recent trends and developments in residual market mechanisms within the property insurance industry in four high-risk catastrophe states: California, Florida, Louisiana, and Texas, highlighting the challenges and
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
This article provides an overview of Reciprocal Insurance Exchanges (RIEs), highlighting their historical significance and recent market trends. It explores the unique organizational structure of RIEs, their financial performance, and the implications
American Mobile: The Short Life of a Reciprocal Insurance Exchange
This article discusses the brief history of the American Mobile Insurance Exchange (AMIE), a small insurer focused on mobile home insurance in Florida, and the factors leading to its administrative supervision and
Fronting Companies Accredited and Sutton: A Tale of Two Troubled Parents
This ALIRT Research report explores the financial turmoil at the holding companies of Accredited and Sutton fronting insurers. Both companies faced significant challenges due to their parent companies’ financial distress, leading to
ALIRT Industry Update: U.S. PC Review Three Months 2024
Below we provide first three months of 2024 (3M24) financial highlights for the ALIRT P&C Composite, based on insurers’ statutory financial statements.
Trends in Individual Annuities
In this review, we concentrate on the recent changes in the annuity product landscape
ALIRT Research – Lloyd’s of London Market Overview – 2023
The following overview reflects results for ALIRT’s Composite as well as those for the Lloyd’s market as a whole, based on the organization’s annual report issued in late March.
A.M. Best Negative Rating Actions 2023 – 1Q2024
It is now common knowledge that calendar year 2023 was a difficult one for property insurers, whether those focused on personal lines (homeowners and auto physical damage) or commercial lines (fire and/or
ALIRT Industry Update: U.S. PC Review Year-End 2023
Below we provide full year 2023 financial highlights for the ALIRT P&C Composite[1], based on insurers’ statutory financial statements.
ALIRT Industry Update: U.S. PC Review Nine Months 2023
Below we provide first nine months of 2023 (9M23) financial highlights for the ALIRT P&C Composite, based on insurers’ statutory financial statements.
Badger Mutual Faces Severe A.M. Best Downgrade – Regional Property/Auto Insurers Under Pressure
The worsening plight of a number of smaller regional property & casualty insurers was on full display today as A.M. Best downgraded Milwaukee-based Badger Mutual Insurance Company (BMIC) three pegs from B+
ALIRT Research – Fronting Insurers Update
Given the recent bombshell regarding fraudulent collateral issues at insurtech Vesttoo – a development which follows closely upon a $60 million collateral dispute write-down by Trisura in 4Q2022 – we provide below
Largest U.S. Surplus Lines Carriers Underperforming the Broader Commercial Lines Market
Last month, A.M. Best released its annual study of the U.S. surplus lines market. We thought this a perfect opportunity to review the financial quality of the largest domestic E&S insurers, per
More Trouble Ahead For U.S. Property Insurers? Heeding The Canaries In the Coalmine
ALIRT recently noted the substantial downgrade of Texas property insurer Germania Farm Mutual Insurance Association (GFMIA) followed closely by the liquidation of Kansas-based MutualAid eXchange (MAX). While we would normally not issue
ALIRT Industry Update: U.S. PC Review Six Months 2023
Below we provide first six months of 2023 (6M23) financial highlights for the ALIRT P&C Composite1, based on insurers’ statutory financial statements.