AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in it official tally for the year. Additional downgrades of 15 commercial insurers …
Fitch Ratings said it expects the U.S. property/casualty insurance industry to generate modest underwriting improvement in 2024, following poor auto insurance results and inordinate catastrophe losses in 2023. Persistently high inflation and slowing economic growth, along with an expectation for …
Honda Motor Co’s redesigned Civic LX small sedan dropped precipitously in Consumer Reports ratings and no longer rates well enough to be on the publication’s “recommended” list, the consumer magazine said Monday. The Civic fell from “very good” in the …
The Chevrolet Volt and Nissan Leaf got top safety ratings in some of the first-ever tests of electric cars by an insurer-funded research group. Both cars earned top scores for front, side and rear-impact crashes and for rollover crash protection, …