AM Best: Administration’s Executive Order Could Provide Impetus Towards Stabilizing the Cannabis I
An executive order from President Trump to reclassify marijuana from Schedule I to Schedule III could rapidly change the legal and commercial landscape for cannabis-related businesses, AM Best analysts say. Rescheduling would permit medical prescriptions and long-term institutional research, generating the actuarial and claims data insurers need to underwrite risks more confidently. It would also make cannabis crops eligible for USDA crop insurance subsidies and likely open conventional banking and credit access to the industry. For now, insurers have largely relied on excess and surplus lines markets to provide tailored coverage, but a gradual shift toward mainstream carriers is expected as data accumulates.
AM Best: Caribbean Insurers’ Reinsurance Costs, Capacity Constraints Moderate, Climate Vulnerability
AM Best reports that reinsurance costs and capacity constraints for Caribbean insurers have moderated amid an accelerated softening in property reinsurance pricing and modest easing of some terms and conditions. Favorable insurer results through 2024 reflect a low catastrophe year...
AM Best: Surplus Lines Market Premium Moderates Through Nine Months of 2025
AM Best’s latest report shows that U.S. excess and surplus lines (ENS) premium growth moderated during the first three quarters of 2025, signaling the market’s transition from the rapid expansion seen in previous years. Total ENS premium rose 9.7% year‑over‑year, down...
AM Best: 3Q25 Snapshot – Personal Lines Momentum Continues to Drive P/C Underwriting Result Improv
AM Best’s 3Q 2025 snapshot highlights that personal‑lines momentum is propelling a notable turnaround in property‑casualty underwriting after a volatile start to the year marked by the January California wildfires. The firm’s analysts, Helen Anderson and David Blades, note that direct premiums...
Coalition’s Toomey: Rising Cyber Interconnectedness Pushes Insurers to Boost Detection, Response
Coalition highlighted the rapid cascade from disclosure to exploitation in the recent React-to-Shell vulnerability, which targeted React server components and left Next.js-hosted sites especially exposed. The firm said threat actors began scanning immediately after disclosure and that working exploits appeared...
