In industry news:

The latest A.M. BestTV episode features Best’s explanation of its negative 2017 rating outlook for commercial property/casualty lines. Michael Lagomarsino, senior director at A.M. Best cites “intensifying competitive pressures, pressure on rates, and anticipated lower levels of prior year favorable development” as the reasons for what the organization expects to be more negative rating actions than positive ones next year.

Watch here.

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