Insurance Level News and Press

AM Best Rating Acitivity and News

Court Rejects Progressive’s Undervalued Totaled Vehicle Class-Action Certification
An Illinois federal court declined to certify a class-action lawsuit alleging that the Progressive Corp. systemically undervalued total-loss vehicles by assuming final automobile sale costs are lower ...
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Source: BestWire

Blenheim Syndicate 5886 Names Contingency Underwriter
Blenheim Underwriting hired Ian Ritchie as contingency underwriter, joining the Blenheim Syndicate 5886 non-appearance contingency team, effective June. In his new role, Ritchie will focus on ...
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Source: BestWire

L&G Appoints Asset Management Chief Risk Officer
L&G has appointed Nigel Drury, subject to regulatory approval, as the new asset management chief risk officer, effective May 18. He will also join the groupwide risk leadership team. Drury will ...
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Source: BestWire

Oregon Utility Seeking Arbitrator Appointment in Environmental Coverage Dispute
Oregon utility provider PacifiCorp is asking a federal court to appoint an arbitrator in an environmental coverage dispute involving a group of 13 insurers that have allegedly delayed court-ordered ...
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Source: BestWire

Carbon Promotes Two Leaders in Underwriting
Lloyd's syndicate Carbon Underwriting Ltd. has promoted Rob Crocker to chief underwriting officer and Julie Gallagher to the role of group underwriting management director. In his new role, ...
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Source: BestWire

NAIC Reworks Task Forces, Investment Reviews as Part of Investment Oversight Update
The National Association of Insurance Commissioners is forming new task forces, implementing bond-related projects and developing new models to assess structured debt as regulators aim to keep pace ...
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Source: BestWire

UK Commercial Insurance Distributor Jensten Group Restructures for Growth
The United Kingdom's Jentsen Group said it has completed a restructuring designed to accomplish a long-term growth strategy. The new structure will see its business broken into two "clearly ...
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Source: BestWire

National Life Group Sees Total Revenues Climb to $4.64 Billion in 2025; Net Income Drops
National Life Group reported total revenue of $4.64 billion for 2025, as total assets also climbed and net income dropped, according to its latest annual financial report. The carrier reported ...
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Source: BestWire

CMS Approves Oklahoma’s Transition to State-Based Health Exchange
The Centers for Medicare and Medicaid Services approved a plan from the Oklahoma Insurance Department to transition to a state-based health insurance exchange effective May 1. While effective ...
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Source: BestWire

Axa XL Appoints CUO, Structured Risk Solutions
Axa XL has appointed Jiten Halai as global chief underwriting officer, structured risk solutions. Halai will lead the global underwriting strategy for structured risk solutions, further advancing ...
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Source: BestWire

AM Best to Exhibit at Target Markets Program Administrators Association Mid-Year Forum
AM Best will exhibit at the upcoming Target Markets Program Administrators Association’s (TMPAA) Mid-Year Forum, which will take place April 28-30, 2026, in Dallas, TX. AM Best’s Meg Mulry, senior ...
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Source: BestWire

India's Government Approves $1.5 Billion Marine Insurance Program
India's cabinet approved a proposal to create the 12,980 crore rupees ($1.5 billion) "Bharat Maritime Insurance Pool" backed by the country's government. The pool was approved to back continuous ...
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Source: BestWire

Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
Australia’s non-life insurance industry has been resilient against an increasingly complex and interconnected risk landscape, with total insurance revenue for the non-life market reaching ...
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Source: BestWire

Amerisafe Appoints Head of Finance Strategy as CFO
Amerisafe Inc. has named Guillermo A. Ramos the company's executive vice president and chief financial officer, effective May 7. Ramos is currently the head of finance strategy and formerly ...
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Source: BestWire

W.R. Berkley Appoints CUO as President of Berkley Oil & Gas
W.R. Berkley Corp. appointed Christopher T. Reichardt as president of Berkley Oil & Gas. He succeeds Linda A. Eppolito, who has been named chair of the business. The appointments are effective ...
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Source: BestWire

Court Grants PHL Policyholders Limited Intervention, Rejects ‘Premium Holiday’ Request
A Connecticut judge granted limited intervention rights to a group of PHL Variable Insurance Co. policyholders to pursue actions against entities that allegedly “looted” the distressed life insurer ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

California Commissioner Advances Proposal to Overhaul Intervenor Process
California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state’s intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor …
Date: Monday, April 20, 2026

People Moves: Swingle Collins & Associates Appoints Curtis as CEO
Swingle Collins & Associates announced the appointment of Dan Curtis as Chief Executive Officer, effective March 31, 2026. In conjunction with the appointment, Founder and CEO Frank Swingle will transition to the role of Executive Chairman, where he will continue …
Date: Monday, April 20, 2026

Low-Producing Oil Wells Cause Headaches for Texans
Some Texas oil wells gush hundreds of barrels of oil a day. But many are like the wells on Jackie Chesnutt’s ranch in West Texas that only trickle out a couple barrels a month. Chesnutt, a retired engineer, claims the …
Date: Monday, April 20, 2026

Destructive Winds and Tornadoes Leave Trail of Damage Across Midwest
A trail of damaged homes and buildings dotted a wide swath of the U.S. on Saturday after a burst of destructive winds and reported tornadoes tore off roofs, uprooted trees and rendered rural roads impassable with debris. No deaths were …
Date: Monday, April 20, 2026

Michigan Feared Cheboygan Dam Danger Before Rains Pushed it to Brink
Local, state and federal officials were aware of the dangers posed by the Cheboygan Lock and Dam for years before floodwaters pushed it to the brink of collapse, records show. Yet they failed to compel private owners to repair the …
Date: Monday, April 20, 2026

UPS Plane Aborts Landing in Louisville After Small Plane Crosses Runway
A UPS cargo plane had to abort its landing in Louisville last week when a small plane crossed the runway just as it approached. The air traffic controller yelled “Skylab 25, stop!” at the small plane before quickly ordering the …
Date: Monday, April 20, 2026

Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades
Sugar tycoons Jose “Pepe” Fanjul and Alfonso “Alfy” Fanjul Jr. have a plan to dig up thousands of acres of the Florida Everglades for rock that the state needs to build roads. One of the brothers’ billionaire neighbors in Palm …
Date: Monday, April 20, 2026

Lawmakers Gather to Talk About AI; Angst and Fears of ‘Destruction’ Follow
A congressional subcommittee on April 16 held a roundtable discussion on the potential of artificial intelligence, which took a turn toward the existential as each lawmaker aired their anxieties about the rapidly evolving technology. Rep. James Walkinshaw, D-Va., expressed alarm …
Date: Monday, April 20, 2026

Business Interruption: Liquor Delivery Backlog Frustrates Retailers in Mississippi
Brandi Carter needs her wine. As the owner of Levure Bottle Shop in Jackson, Mississippi, she sells natural wine delivered to her business by a state agency responsible for distributing alcoholic beverages to liquor stores, bars and restaurants. But delays …
Date: Monday, April 20, 2026

Justice Department Targets Leading US Egg Producers in Antitrust Case: Report
The U.S. Justice Department is preparing an antitrust suit against a few major egg producers, including Cal-Maine Foods and Versova, over alleged price coordination, the Wall Street Journal said on April 17, citing people familiar with the matter. Shares of …
Date: Monday, April 20, 2026

Rapper Sues California Prisons for $100M Over Stabbing by Inmate
Rapper Tory Lanez has sued the California prison system, saying he never should have been housed with a fellow inmate who stabbed him 16 times last year. Lanez, 33, whose legal name is Daystar Peterson, filed the federal lawsuit seeking …
Date: Monday, April 20, 2026

People Moves: Howden Hires Thomas to Lead Trucking Specialty Practice; Cottle to Head Clyde & Co Regulatory and Investigations
Howden, the global insurance broker, hired Patrick Thomas as Howden U.S. managing director within the company’s trucking specialty vertical. Thomas leads Howden’s U.S. trucking strategy, overseeing the continued build-out of a dedicated, nationwide trucking practice serving motor carriers, owner-operators, fleets …
Date: Monday, April 20, 2026

Skydiver Rescued After Crashing Into Virginia Tech Stadium Scoreboard
A skydiver crashed into the Lane Stadium scoreboard before Virginia Tech’s spring football game Saturday. Virginia Tech officials said on X that the skydiver “was safely secured and is currently stable” following rescue efforts. The incident caused a delay in …
Date: Monday, April 20, 2026

Gunfire, U-Turns and Threats Mark a Chaotic Weekend in Hormuz
After Iranian Foreign Minister Abbas Araghchi posted on X on Friday that the Strait of Hormuz was “completely open,” a tanker stuck in the Persian Gulf immediately lifted anchor and began heading for the narrow waterway. The ship believed it …
Date: Monday, April 20, 2026

India Expands Russian Marine Insurance Options
India has expanded the pool of Russian insurers eligible to provide marine cover to ships docking at its ports, increasing the number to 11 from eight, according to its Directorate General of Shipping. India has permitted Russia’s Gazprom Insurance and …
Date: Monday, April 20, 2026

How Niche Insurance Shielded Bad Bunny From Bad Weather
Bad Bunny had a problem. Days before the Puerto Rican mega-star was set to perform in Colombia earlier this year, the possibility of heavy rains threatened to turn three sold-out shows in Medellin into multimillion-dollar losses. Solutions were few. Traditional …
Date: Monday, April 20, 2026

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