AM Best releases draft BCAR changes

AM Best has put out a draft of its revised US P&C sector
BCAR model for comment, with the changes likely to be most heavily
scrutinized by carriers that have significant property cat risk on
their books.
The proposed revisions to Best's Capital Adequacy Ratio
(BCAR) were released at the same time as an updated version of
Best's Credit Rating Methodology (BCRM), which applies for the
agency's ratings across the broader sector.
The firm said all companies that are rated...