AGP Executive Report
Last update: 10 hours agoRatings & Recognition: Enact Holdings’ AM Best rating was upgraded for its mortgage insurance subsidiaries to A from A-, with a stable outlook, while National Life Group earned a spot on Forbes’ “America’s Best Insurance Companies 2027” list. Health Insurance Pressure: A Georgetown brief argues commercial health insurance is “broken,” citing rising costs, admin complexity, and consolidation; a Commonwealth Fund survey finds 32% of privately insured adults carry medical debt. Fraud & Consumer Costs: Clearspeed estimates auto and homeowners fraud/misrepresentation cost $45.3B a year, with some of that burden passed to policyholders; a class action against State Farm over PHL life insurance policies survives an early dismissal push. Pet Insurance Shock: Insurify reports pet premiums can spike at renewal, with some owners seeing massive year-over-year jumps and switching proving difficult. Hurricane & Risk Data: Hawaii’s insurance commissioner issued a hurricane data call for residential hurricane writers; Cass County approved a 2027 employee/retiree health insurance option. Global Risk Pricing: War-risk cover is adding roughly $7–$8 per barrel amid Red Sea/Hormuz disruptions. Local Industry Moves: Plummer Insurance was inducted into Nationwide’s Agribusiness FAST Track Hall of Fame; Vermont’s captive industry benchmarking survey opens until Sept. 30.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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