Insurance Level News and Press

AM Best Rating Acitivity and News

Washington Health Insurers Seeking 22.4% Average Individual Market Rate Increase
A group of 13 health insurers are seeking to raise Washington state rates an average of 22.4% for the 2027 individual marketplace, while Providence Health Plan will no longer offer coverage in the ...
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Source: BestWire

Citing New Risks and Consolidation, Howden Launches US Aviation Practice
Howden said it launched a U.S. aviation practice in a market marked by new risk exposures and broker consolidation. The broker seeks to provide risk management services and insurance placement ...
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Source: BestWire

AM Best Affirms Credit Ratings of Instituto Nacional de Seguros
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Instituto Nacional de Seguros (INS) (San Jose, Costa Rica). The ...
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Source: BestWire

California Fair Plan Approved for 29.1% Dwelling Rate Increase
The California Fair Plan received approval to increase dwelling coverage rates by an average of 29.1%, effective Oct. 15 for new and renewing policies. The approved rate is down from the initial ...
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Source: BestWire

New York Enacts Budget With Auto Insurance Provisions
New York has enacted a fiscal year 2027 budget that includes several automobile insurance provisions, including tort reforms championed by the insurance industry. State lawmakers and the ...
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Source: BestWire

Best’s Briefing: Tort Reforms, Heightened Competition Driving Florida Market Stabilization
The Florida property insurance market is rebounding with new carriers bringing capacity into the state, as a confluence of tort reforms, more competition, and improved underwriting results are ...
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Source: BestWire

Prudential Financial Announces More Layoffs for July With 53 Positions Eliminated
Prudential Financial inc. said it intends to eliminate 53 positions in its latest round of reductions, which come amid an effort to pivot out of businesses it doesn't deem growth ...
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Source: BestWire

HDI Global Names Head of Liability Global Risk
HDI Global has appointed Kai Schulte-Schrepping to succeed Daniel Maurer as the head of liability global risk. Maurer has decided to gradually step out of his current leadership role as part of ...
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Source: BestWire

Four Arrested in Louisiana Multimillion-Dollar Auto Insurance Fraud Scheme
Louisiana State Police have arrested four suspects following an investigation into a multimillion-dollar automobile insurance-fraud scheme. State Police said the investigation began after it ...
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Source: BestWire

Lindberg Sentenced to 12 Years for Fraud, Bribery, Related Schemes
Former insurance executive Greg Lindberg was sentenced to 12 years in prison for orchestrating a $2 billion fraud scheme that evolved to include money laundering and bribery, the United States ...
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Source: BestWire

Generali Combines Global Employee Benefits, Travel Insurance Under Redion Brand
Generali Group said it is combining Europ Assistance and Generali Employee Benefits in its global care segment under the Redion brand. Redion plans to improve the speed and quality of services ...
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Source: BestWire

SiriusPoint Names Leaders for Newly Launched Crisis Solutions Business
SiriusPoint Ltd., a global specialty underwriter, launched a new crisis solutions class of business within its London Market specialty division and appointed Paul Beattie and Ed Winter as joint heads ...
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Source: BestWire

Kemper Appoints Former Horace Mann Exec as President-CEO
Kemper Corp. appointed Stephen J. McAnena as president and chief executive officer, effective June 1. McAnena will also join Kemper’s board of directors. Thomas Evans Jr., interim CEO, will ...
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Source: BestWire

AM Best Upgrades Credit Ratings of Reaseguradora Santo Domingo, S.A.
AM Best has upgraded the Financial Strength Rating to “B+” (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bb+” (Fair) of Reaseguradora Santo Domingo, S.A. ...
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Source: BestWire

Perils Keeps November Queensland Storm Loss Estimate Flat at $2.10 Billion
Perlis AG reported little change for a loss estimate for severe convective storms that hit parts of eastern Australia last November at A$2.94 billion ($2.10 billion). The loss estimate fell ...
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Source: BestWire

Atlantic American Receives Nasdaq Noncompliance Notice After Failing to File Financial Reports
Atlantic American Corp. said it received delinquency notifications from Nasdaq because the company failed to file a Form 10-Q for the first quarter as well as an annual report for 2025. The ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve
Insurance has always depended on a simple premise. Losses must be possible but not inevitable. You’ve got to be able to know something could happen, and plan for it if possible, but really hope that it doesn’t. That assumption has …
Date: Thursday, May 28, 2026

Michigan House Explosion Leaves 1 Dead
A Michigan house explosion early Tuesday left one person dead and one in critical condition, authorities said. Authorities have not yet determined what caused the fire and explosion, which happened around 4 a.m. in Plainfield Township, north of Grand Rapids. …
Date: Thursday, May 28, 2026

Shepherd Insurance Acquires Pair of Indiana Agencies
Shepherd Insurance announced it has expanded its footprint in Indiana by acquiring a pair of agencies. Shepherd recently acquired Indianapolis-based Capitol Insurance Group. Founded in 1981, Capitol Insurance Group is a family-owned, Indianapolis-based agency known for delivering customized insurance and …
Date: Thursday, May 28, 2026

Volvo Cars Wins Approval to Import Vehicles With ‘Connected Car’ Technology
Volvo Cars, majority owned by China’s Geely Holding, said it received approval from the U.S. government allowing it to continue selling vehicles. In January 2025, President Joe Biden’s administration finalized rules effectively barring nearly all Chinese cars and trucks from …
Date: Thursday, May 28, 2026

NTSB Wants FAA to Revise Runway Safety Assessments During Heavy Rainfall
The U.S. National Transportation Safety Board on Tuesday called on the Federal Aviation Administration to revise how it assesses runway conditions during heavy rainfall, citing safety risks of airplanes skidding off the runway. The recommendations follow NTSB investigations of 11 …
Date: Thursday, May 28, 2026

Florida Bill, Waiting on Governor, Asks E-Bikers to Slow Down if Pedestrians Near
Injury claims and lawsuits stemming from e-bikes on Florida’s streets could diminish a little bit if the state’s governor signs a mild e-bike regulation bill into law. Senate Bill 382, adopted by the Legislature this spring with no dissenting votes, …
Date: Thursday, May 28, 2026

World Insurance Expands Florida Business with Lock Insurance Agency
On the same day it acquired a Kansas insurance agency, World Insurance Associates purchased Lock Insurance of Lakeland, Florida. Lock Insurance, founded in 2004, offers personal and commercial coverage. Don Westerfeld is president. The agency is now known as Lock …
Date: Thursday, May 28, 2026

Emergency Reserve Oil Heads to California for First Time
A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said. The unusual movement highlights the redrawing of trade flows and shipping routes as the Iran …
Date: Thursday, May 28, 2026

Woman Fired by Indiana College Over Charlie Kirk Post to Receive $225K Settlement
A woman fired by an Indiana university over her Facebook post criticizing conservative activist Charlie Kirk after he was killed will receive $225,000 to settle a lawsuit that accused her former employer of violating her free-speech rights, the woman’s attorneys …
Date: Thursday, May 28, 2026

Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the contractor intentionally interfered with the insurance contract and …
Date: Thursday, May 28, 2026

Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case
The lawyer representing a former JPMorgan Chase & Co. vice president in a graphic sexual harassment suit that’s gone viral on social media is trying to withdraw from the case. Daniel Kaiser, who filed the April 27 complaint against JPMorgan …
Date: Thursday, May 28, 2026

4 Arrested in Louisiana Insurance Fraud Scheme
The Louisiana State Police Insurance Fraud / Auto Theft Unit (IFAT) has arrested four individuals following an investigation into an alleged automobile insurance fraud scheme in Iberia Parish The investigation began after a criminal referral from Timber Creek Insurance Services …
Date: Wednesday, May 27, 2026

Northwestern Medicine Agrees to Pay $325K in Religious Discrimination Case
Northwestern Medicine agreed to pay $325,000 in monetary relief to a class of employees denied vaccine exemptions because of their religious beliefs or practices and to provide other relief following an investigation by the U.S. Equal Employment Opportunity Commission (EEOC). …
Date: Wednesday, May 27, 2026

India’s Prized Alphonso Mango Crop Ruined by Weather
In India’s western state of Maharashtra, mango farmer Komal Walke is scrambling to meet orders from India’s online grocers after her family’s three acres of orchards produced almost no Alphonso mangoes this year. Walke, a 26-year-old horticulturist in the coastal …
Date: Wednesday, May 27, 2026

World Acquires Kansas’ Agency West
World Insurance Associates LLC announced that it acquired the business of Agency West Insurance of Olathe, Kansas on February 1, 2026. Terms of the transaction were not disclosed. Agency West has been operating in Kansas for many years. They serve …
Date: Wednesday, May 27, 2026

Markets/Coverages: Amiga Specialty Secures Lloyd’s Capacity for New Yachts Division
Amiga Specialty, the London-based managing general agent, has secured £/$25 million of “A”-rated capacity with global Lloyd’s licensing for its Yachts division, marking an important step in the development of its specialist marine offering. The capacity will support Amiga Specialty’s …
Date: Wednesday, May 27, 2026

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