Insurance Level News and Press

AM Best Rating Acitivity and News

Experienced Politicians, Insurance Pro Pull Ahead in California Commissioner Race
Jane Kim, a former San Francisco supervisor and political operative, state Sen. Ben Allen and insurance professional Stacy Korsgaden are carrying early leads in the primary elections for California ...
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Source: BestWire

AM Best Upgrades Issuer Credit Ratings of National Security Fire and Casualty Company and National Security Insurance Company; Upgrades Credit Ratings of Omega One Insurance Company, Inc.
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of National Security Fire and ...
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Source: BestWire

Allianz Partners Agrees to $35.7 Million Deal for Remaining Nib Travel Insurance Business
Allianz Partners said it has agreed to acquire a large portion of nib's travel insurance business in Australia and New Zealand in an A$50 million ($35.7 million) deal. A$20 million of that is ...
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Source: BestWire

Missouri Insurance Department: More Than $2.9 Billion Paid on 2025 Cat-Weather Claims
Property/casualty insurers have paid out more than $2.9 billion in claims related to 2025 serve weather events, including May tornado that hit St. Louis, as of May 25, the Missouri Department of ...
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Source: BestWire

AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Aetna Life Insurance Company (ALIC) (Hartford, ...
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Source: BestWire

US Labor Stats Bureau: Insurance Industry Loses 10,700 Jobs in May
The United States insurance industry lost 10,700 positions in May compared with the month prior, according to preliminary figures from the U.S. Labor Department's Bureau of Labor Statistics. The ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Chubb INA Holdings LLC’s Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings LLC’s (Chubb) (Delaware) recently announced CAD 800 million issuance of senior unsecured notes in the ...
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Source: BestWire

AM Best Assigns Issue Credit Ratings to The Northwestern Mutual Life Insurance Company’s New Surplus Notes
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “aa” (Superior) to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life ...
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Source: BestWire

AM Best Upgrades Credit Ratings of East Caribbean Reinsurance Company Limited
AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of East Caribbean Reinsurance Company Limited ...
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Source: BestWire

AM Best Affirms Credit Ratings of TDC Insurance Company Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of TDC Insurance Company Limited (TDCIC) (St. Kitts and Nevis). The ...
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Source: BestWire

Weekly Podcast Highlights - June 5
Among this week's insurance industry podcast highlights, an Aon unit president discusses how weather, flooding and protection gaps are changing risk management, and LIMRA's head of research talks ...
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Source: BestWire

AM Best Affirms Credit Ratings of Associated Electric & Gas Insurance Services Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Associated Electric & Gas Insurance Services Limited (AEGIS) ...
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Source: BestWire

AM Best Withdraws Credit Ratings of Middle East Insurance Company Plc
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan). The outlook of these ...
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Source: BestWire

Best's Rankings: Athene Admitted Assets Grew 22.1% in 2025, Sharpest Among Top 30 L/H Carriers
Athene US Life Group's total admitted assets grew 22.1% to reach $347.61 billion in the fastest growth among the top 25 carriers in the larger life/health industry, according to a new Best's Rankings ...
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Source: BestWire

AM Best Affirms Credit Ratings of Austral Participações S.A. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Austral Resseguradora S.A. (Austral Re) and Austral ...
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Source: BestWire

Best's Rankings: No. 2 Progressive Overtakes No. 3 Berkshire as Annual P/C Net Premiums Rise 11.7%
Progressive Insurance Group overtook Berkshire Hathaway Insurance to become the second-largest U.S. property/casualty writer as ranked by 2025 net premiums written, according to a new Best's Rankings ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
Texas Children’s Hospital in Houston has to create a detransition clinic for transgender patients later this year and keep a list of “potential” gender affirming care patients, according to new details released Monday by the Texas Attorney General’s Office. According …
Date: Friday, June 5, 2026

Tech Update: WTW Launches Transformation Solution to Focus AI Implementation
Insurance broker WTW announced the launch of its AI Workforce Transformation solution which helps companies focus AI where it is expected to deliver productivity and growth gains through redesigned work, jobs and strong employee adoption. Addressing the imperative facing CEOs …
Date: Friday, June 5, 2026

Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
Ohio State University agreed Wednesday to pay approximately $100 million to settle legal claims from hundreds of former student athletes who said they were sexually abused decades ago by a doctor at the university. The school has fought lawsuits in …
Date: Friday, June 5, 2026

Iowa’s Water Pollution Threatens Recreational Activities and Public Health
Hannah Ray J Childs propelled her kayak into a rapid on Iowa’s Maquoketa River on a recent afternoon and dipped her paddle in the water to swing the front of her boat into the air. She loves to spend her …
Date: Friday, June 5, 2026

People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
This edition of International People Moves details claims appointments at Aon and Canopius. A summary of these new hires follows here. Aon Promotes Navas as Chief Claims Officer for EMEA Insurance broker Aon plc has appointed José María Navas as …
Date: Friday, June 5, 2026

Artist Suing FIFA Over Destruction of Dallas Whale Mural
The artist who painted a giant mural on a building in downtown Dallas of life-sized swimming whales has filed a $25 million lawsuit against soccer’s international governing body and others, saying they illegally painted over his work to promote the …
Date: Friday, June 5, 2026

Markets/Coverages: Fidelis Forms PVT Consortium for Rising Global Capacity Demand
Markets/Coverages: Fidelis Partnership Forms PVT Consortium for Rising Capacity Demand The Fidelis Partnership (TFP), the Bermuda-based managing general agent, announced the launch of the TFP PVT Consortium, which brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the …
Date: Friday, June 5, 2026

US Races to Contain Deadly Screwworm Threat to Cattle Supply
The US Department of Agriculture is racing to contain the deadly New World screwworm after a case was detected in Texas, where a broader outbreak could threaten an already-small domestic cattle herd. The flesh-eating parasite was confirmed on Wednesday in …
Date: Friday, June 5, 2026

Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples
Shepherd Insurance has continued its expansion in southwest Florida, this time with the acquisition of Responsive Insurance, an agency with offices in Estero and Naples, the company said this week. Matt Nance, owner of Responsive, and his team will stay …
Date: Friday, June 5, 2026

Georgia Commissioner’s Office Offers $10,000 Reward for Help on String of Arsons
The Georgia Insurance Commissioner’s office is offering a reward of as much as $10,000 for information leading to the culprit behind a vehicle fire, one of several suspicious fires in Cedartown in recent months. After local firefighters subdued the vehicle …
Date: Friday, June 5, 2026

Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters
After a chemical leak at the Ames Goldsmith plant in Kanawha County killed two workers and injured dozens more last month, federal investigators quickly arrived in West Virginia to begin piecing together what went wrong. Now, the federal agency tasked …
Date: Friday, June 5, 2026

Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to …
Date: Friday, June 5, 2026

LinkedIn China Spying Threat Prompts Warning From US, Allies
The US and its “Five Eyes” intelligence partners issued what they said was an unprecedented joint notice warning about attempts by Chinese spies to use websites such as LinkedIn to recruit assets. “China’s military intelligence services are using an increasingly …
Date: Friday, June 5, 2026

Allianz Is Said to Be in Advanced Talks to Buy Portuguese Insurer Caravela
Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter. Allianz is currently discussing a potential acquisition of Caravela Seguros with company shareholders, said the …
Date: Friday, June 5, 2026

Renewals for Most Commercial Lines Decrease in May, Says Ivans
Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial …
Date: Friday, June 5, 2026

Howard Hughes Holdings Completes $2.1B Acquisition of Re/insurer Vantage Group
Vantage Group Holdings Ltd., the Bermuda-based specialty re/insurer, announced it has been successfully acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The all-cash acquisition of Vantage anchors HHH’s strategy to transform itself into a diversified holding company, …
Date: Friday, June 5, 2026

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