Mexico insurance industry expected to handle the impact of Hurricane Patricia

Hurricane Patricia 2015 Mexico
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A.M. Best provides some insight into Mexico’s insurance industry A.M. Best, a rating agency based in the United States, has issued a comment concerning Mexico’s insurance industry and how it may be impacted by Hurricane Patricia. The powerful storm formed alarmingly quickly in the Pacific ocean and was the strongest hurricane ever recorded, with sustained winds recorded in excess of 200 miles-per-hour. While the storm dissipated quickly once making landfall, there are still serious concerns regarding flooding and the damage that heavy rainfall has caused. Insurers are expected to be…

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A.M. Best report shows strong growth in Vietnamese insurance market

Vietnam insurance market growing despite global economic turmoil A.M. Best, a credit ratings and financial research company service the insurance industry, has released a new report concerning the insurance market in Vietnam. The report notes that the country’s insurance market is showing strong signs of growth. This is despite the ongoing, worldwide economic problems that have stymied the insurance industry in some markets. A.M. Best is reporting that insurance premiums in Vietnam are growing by double-digit margins. The company expects this trend to continue as the country’s economy shows signs…

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A.M. Best report on Saudi Arabia insurance market shows a promising future for the country

A.M. Best, a global ratings and financial services firm that serves the insurance industry, has released a new report concerning the insurance market in Saudi Arabia. Over the past decade, the Saudi Arabian market has been inundated with its fair share of complications. Political turmoil and international pressures have stressed the market significantly in this time, but the market has shown profound resiliency to such factors. The report shows that the market’s ability to adapt to dramatic change has paved the way to a promising future. The report notes that…

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Insurance Law Podcast examines the use of social media as a tool for the insurance industry

A.M. Best, a worldwide ratings and financial data services company serving the global insurance industry, has released its latest installment of the Insurance Law Podcast. The series focuses on insurance issues from a legal perspective and seeks to supply viewers with an understanding of how insurance laws are affecting the industry as a whole. This week’s podcast focused on the issue of insurers using social media to price policies and investigate claims. The latest podcast features attorneys Daniel Santaniello and Heather Calhoon from Luks, Santaniello, Petrillo & Jones law firm.…

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