Rising Secondary Perils Trigger Urgent Stress Testing Needs for U.S. P&C Insurers, Says AM Best

A divorced couple tearing blue paper with the symbol of the house. Vector available.

A new AM Best report warns that nearly half of all U.S. states have experienced record-breaking property catastrophe loss ratios, exceeding their 10-year medians by over 20 percentage points, underscoring an urgent need for insurers to reevaluate risk strategies in light of secondary perils.

U.S. Risk Insurance Group Finalizes Sale to USI Insurance Services

U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, today announced the completion of its previously announced agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm. Terms of the transaction were not disclosed. U.S. Risk will maintain its… Continue reading U.S. Risk Insurance Group Finalizes Sale to USI Insurance Services