Financial News

Best’s Special Report: Best’s Impairment Rate and Rating Transition Study — 1977 to 2024

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

AM Best’s latest special report on the long-term impairment rates of U.S.-domiciled insurance companies states that no insurers rated by AM Best became impaired in 2024.

The Best’s Special Report, titled, “Best’s Impairment Rate and Rating Transition Study — 1977 to 2024,” covers 47 one-year periods from Dec. 31, 1977, to Dec. 31, 2024, and the term impairments refers to insurers that became impaired and had a Best’s Financial Strength Rating or Long-Term Issuer Credit Rating at the time of impairment. AM Best designates an insurer as a financially impaired company upon the public placement of the company, via public court order or other international equivalent, into conservation, rehabilitation and/or insolvent liquidation.

The report also notes that the increase in frequency and severity of catastrophe events, especially secondary perils, clearly has pressured more insurers in recent years. In the most recent five-year period through 2024, 20 companies became impaired due to natural catastrophes; 14 were domiciled in Florida or Louisiana.

To access a copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=355044.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Emmanuel Modu

Managing Director,

Insurance-Linked Securities

+1 908 882 2128

emmanuel.modu@ambest.com

Wai Tang

Senior Director,

Insurance-Linked Securities

+1 908 882 2388

wai.tang@ambest.com

David Mautone

Senior Quantitative Specialist,

Insurance-Linked Securities

+1 908 882 2098

david.mautone@ambest.com

Christopher Sharkey

Associate Director, Public Relations

+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.com

Al Slavin

Senior Public Relations Specialist

+1 908 439 2200, ext. 5098

al.slavin@ambest.com

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  266.17
-4.70 (-1.74%)
AAPL  355.63
+7.12 (2.04%)
AMD  552.90
+37.69 (7.32%)
BAC  50.67
-0.01 (-0.02%)
GOOG  290.63
+5.71 (2.00%)
META  628.77
-12.62 (-1.97%)
MSFT  521.12
-12.03 (-2.26%)
NVDA  173.73
+4.84 (2.87%)
ORCL  128.38
+10.40 (8.82%)
TSLA  390.84
+11.06 (2.91%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback