Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: NAIC Life Group Considering PRT Reinvestment Guardrails
The National Association of Insurance Commissioners Life Actuarial Task Force is considering reinvestment guardrails for group annuities supporting pension risk transfer deals with the goal of better ...
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Source: BestWire

Two Insurers Take In More Than 24,500 Claims From Severe Winter Storms
Two insurers have taken in at least 24,500 winter storm-related claims from a wide swath of states. State Farm said policyholders filed more than 19,500 home and automobile claims after the Jan. ...
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Source: BestWire

Colorado Mulls Health Insurer AI Restrictions for Decision-Making
The Colorado General Assembly is looking at legislation that would place restrictions on health insurers’ use of artificial intelligence and on providers billing for certain AI mental health ...
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Source: BestWire

UK Supreme Court to Hear COVID Business Interruption Claims Appeal
The United Kingdom Supreme Court will an appeal in a lawsuit asking whether government payments during COVID-19 can be deducted from business interruption payments. Plaintiffs, which include ...
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Source: BestWire

CNO Financial Seeks to Balance 'Peak 65' With Macroeconomic Uncertainty
Labor market volatility will have an impact on company results but could be ameliorated by the so-called Peak 65 phenomenon, which will see 11,000 Americans turn 65 daily in coming years, said CNO ...
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Source: BestWire

Washington State Senate Unanimously Passes Assignment of Benefits Bill
The Washington Senate unanimously passed legislation that would prohibit post-loss assignment of benefits in property claims, a rule the insurance commissioner called “common sense.” Senate Bill ...
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Source: BestWire

RGA Chief Executive: Group Health Care Exit Follows Strategic Review
Reinsurance Group of America Inc. will exit the group health care line of business following repricing actions as fourth-quarter results were strong in other segments, said its chief executive ...
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Source: BestWire

California Bill Would Allow Lawsuits Against Fossil Fuel Companies Over Climate Disasters
A bill introduced in the California Senate would allow the state attorney general to sue oil and gas companies for losses related to climate change-related disasters. Senate Bill 982, known as ...
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Source: BestWire

AM Best to Participate at the 50th General Assembly and Conference of FANAF
AM Best will participate in the 50th General Assembly and Conference of the Federation of African National Law Insurance Companies (FANAF), which will take place from Feb. 8-11, 2026, in Abidjan, ...
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Source: BestWire

Centene Reports Net Attributable Loss of $1.1 Billion Amid Marketplace 'Uncertainty'
Centene Corp. reported a fourth-quarter net attributable loss of $1.1 billion, driven in part by a $513 million charge for divesting its Magellan Health business and the expiration of federal tax ...
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Source: BestWire

CVS Health Culling 313 Employees From Hartford Operation
CVS Health Corp. is laying off 313 employees who report to the company’s Hartford, Connecticut, facility, the company said. The decision was driven by operational changes to Aetna’s small group ...
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Source: BestWire

Molina CEO: ‘Situational’ California Events, Cost Pressures Drive $160 Million Net Loss
Molina Healthcare Inc. reported a $160 million fourth-quarter net loss, compared with net income of $251 million the year prior, due to two events in the California market and continued cost ...
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Source: BestWire

Rhode Island's Largest Workers' Comp Insurer Suffers Cyberattack
Rhode Island's largest workers' compensation writer was hit by a cyberattack and is working with cybersecurity experts to determine the scope. Beacon Mutual was alerted to suspicious activity on ...
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Source: BestWire

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health insurance subsidiaries of ...
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Source: BestWire

AM Best Places Credit Ratings of Hanover Fire & Casualty Insurance Company Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Hanover Fire & Casualty Insurance ...
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Source: BestWire

AM Best Affirms Credit Ratings of Orion Reinsurance (Bermuda) Ltd.
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Orion Reinsurance (Bermuda) Ltd. (Orion Re) (Hamilton, Bermuda). The outlook ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

LA Mayor Race Shaken by Wildfire Allegations
Billionaire Rick Caruso is sticking with his decision to stay out of the race for Los Angeles mayor, despite raising the prospect he would reconsider following a news report that Mayor Karen Bass asked to soften an after-action investigation into …
Date: Friday, February 6, 2026

McGowan Allied Specialty Insurance Announces Sales Territory Realignment
McGowan Allied Specialty Insurance announced a strategic realignment of sales territories within its in-house team designed to enhance services, improve regional coverage, and ensure a more tailored experience for clients across the country. The Ohio-based company said that by reallocating …
Date: Friday, February 6, 2026

Louisiana Agency to Pay $1.2M Refund for Illegal Overcharging on Surety Premiums
A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …
Date: Friday, February 6, 2026

Allstate CEO Wilson Takes on Affordability Issue During Earnings Call
Allstate posted significantly higher net and underwriting income for the fourth quarter and full year. With affordability top of mind, that leads to questions about excessive profits. Similar to Chubb’s earnings call, analysts asked Allstate CEO Tom Wilson to comment …
Date: Friday, February 6, 2026

People Moves: NFP Appoints Spencer in Northeast; Lawley Promotes 3 Partners
NFP Appoints Spencer as SVP, Commercial Risk, Northeast NFP, an Aon company and property/casualty broker and benefits consultant headquartered in New York City, appointed Jack Spencer as senior vice president, commercial risk, in its Northeast region. Based in West Hartford, …
Date: Friday, February 6, 2026

WTW Reports Q4 Organic Revenue Growth of 6%; Data Center Clients Boost Business
Insurance broker WTW reported fourth quarter revenue of $2.94 billion, a decrease of 3% compared to $3.04 billion for the same period in the prior year due to the sale of TRANZACT. Q4 2025 organic revenue growth was 6%, while …
Date: Friday, February 6, 2026

Alabama, NC Public Safety Officers Investigated in ‘Chop Shop,’ Disability Fraud
Fraud investigations in two Southeastern states have led to the arrest or administrative leave for three public safety officers. In Alabama, two University of Alabama at Birmingham police officers have been placed on leave in connection with an investigation into …
Date: Friday, February 6, 2026

Pipeline Explodes at Delfin LNG Planned Project in Louisiana
A natural gas pipeline connecting to the proposed Delfin LNG project located offshore in southwestern Louisiana exploded Tuesday, according to the local emergency preparedness office. The blast on the 28-mile pipeline occurred while operators were performing routine maintenance, said Ashley …
Date: Friday, February 6, 2026

Starbucks Wins Dismissal of Missouri Lawsuit Over DEI Policies
A federal judge in Missouri on Thursday dismissed a lawsuit by the Republican-led state accusing Starbucks SBUX.O of using its commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation. U.S. …
Date: Friday, February 6, 2026

Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire
Bob Shaw glared at the executives from the chemical giant 3M across the table from him. He held up a carpet sample and pointed at the logo for Scotchgard on the back. “That’s not a logo,” fumed Shaw, CEO of …
Date: Friday, February 6, 2026

Ken Griffin, Steve Ross Team Up to Lure More CEOs to Florida
Ken Griffin and Stephen Ross, who are among the highest-profile billionaires to move to South Florida during the pandemic, are bankrolling a new campaign to get others to follow in their footsteps. The pair is funding a $10 million drive …
Date: Friday, February 6, 2026

EPA Outlines Trump Plan to Speed up Rebuilding of Homes Destroyed in LA Wildfires
Trump administration officials traveled to Los Angeles this week to outline the president’s plan to override state and local rules and speed up the permitting process for reconstruction of tens of thousands of homes destroyed by last year’s wildfires. Last …
Date: Friday, February 6, 2026

Man Charged in Organized Cargo Theft of Snow Crab, Blueberries, Cologne
A New York man has been arrested and charged for allegedly conspiring to use hacked email accounts of legitimate truck-load carriers to book cargo with shippers and selling the items for illicit profit. Forbes was arrested on Feb. 5 in …
Date: Friday, February 6, 2026

Tainted Baby Milk Hits Billionaire Family’s Powerful Dairy Empire
For the secretive billionaire Besnier family, the recent recall of potentially dangerous infant formula made by its nearly century-old firm brings an uncomfortable feeling of deja vu. Just eight years ago, the French clan behind Groupe Lactalis, the world’s biggest …
Date: Friday, February 6, 2026

Danone Recalls More Infant Formula in Europe
Danone is withdrawing batches of infant formula in Austria, Germany and France, the company and an Austrian government food agency said, expanding an industry recall sparked by contamination with the toxin cereulide. Cereulide, which can cause nausea and vomiting, has …
Date: Friday, February 6, 2026

EU Needs Smart-Car Data Security Rules And Can Learn From China, Group Says
The European Union needs to implement comprehensive regulations to manage the growing security risks posed by intelligent vehicles, particularly Chinese cars that are increasingly popular with consumers, according to a think tank. Intelligent cars, typically electric or hybrid vehicles, allow …
Date: Friday, February 6, 2026

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