Insurance Level News and Press

AM Best Rating Acitivity and News

Weekly Calendar: AM Best to Attend NAIC Spring Meeting & PLRB Claims Conference
AM Best will be among the participants at the 2026 PLRB Claims Conference and the NAIC Spring Meeting as the insurance industry gathers for a busy stretch of events spanning late March through early ...
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Source: BestWire

Benchmarking EMEA Ratings – Improving Credit Quality, but Common Themes Highlighted as Weaknesses
Ben Diaz-Clegg, associate director, analytics, AM Best, discusses a Best's Special Report that finds the stability of macroeconomic conditions through 2024 and 2025, in addition to generally robust ...
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Source: BestWire

Aon Appoints North America CEO
Aon named Anne Corona to succeed Lori Goltermann as North America chief executive officer, effective immediately. Goltermann will now serve as vice chair of Aon, effective March 31. With this ...
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Source: BestWire

Chubb CEO: AI Will Replace Jobs; MGAs Mostly a 'Bad Bet' for Market
Chubb Ltd. is embracing technology and will reduce its headcount "significantly" through natural turnover as artificial intelligence transforms business processes, its chief executive officer ...
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Source: BestWire

States Urge Feds to Rethink ACA Benefit, Payment Updates Partially Supported by Insurers
Attorneys general from 17 states are asking federal agencies to withdraw proposed 2027 payment and benefit updates for Affordable Care Act exchanges, proposals that are supported in part by health ...
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Source: BestWire

Geico Accuses New York Clinics of ‘Wide-Ranging’ No-Fault Auto Fraud
Geico Insurance Co. is accusing a group of New York health clinics of submitting thousands of fraudulent no-fault auto insurance charges to net more than $1.8 million in payments. The clinics ...
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Source: BestWire

Observers: Commercial Coverage Available but Uncertain Amid Fluid Iran Conflict
The military conflict evolving in Iran so far isn't bringing the relevant insurance markets to a halt, but observers say the Middle East situation is fluid with frequent developments. Impacted ...
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Source: BestWire

LIMRA: Canadian New Individual Life Insurance Premium Reached All-Time High in 2025
Canadian individual life insurance new annualized premium increased 9% in the full-year 2025 compared to the prior year, reaching a new high of C$2.3 billion (US$1.68 billion), industry group LIMRA ...
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Source: BestWire

LIMRA: Total US Single-Premium PRT Sales More Than Doubled in Fourth Quarter of 2025
New premium for single-premium pension risk transfer products more than doubled in the fourth quarter to $28 billion, from $12 billion, according to LIMRA's U.S. Group Annuity Risk Transfer Sales ...
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Source: BestWire

US House Committee Passes ERISA Litigation Reform Bill
The U.S. House of Representatives Education and Workforce Committee marked up and passed a bill to heighten the pleading standards for lawsuits alleging violations of the Employee Retirement Income ...
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Source: BestWire

Crum & Forster EVP: On-Demand Coverage, Digital Claims Redefine Travel Insurance
Susan Silfen, executive vice president, accident & health specialty business unit, Crum & Forster, discusses how innovation, modular coverage and embedded insurance are shaping the future of the ...
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Source: BestWire

Lockton Appoints Chief Commercial Officer for EMEA
Lockton Cos. has appointed Luke Sutton as chief commercial officer, Europe, Middle East and Africa and Abbas Juma as head of tax, EMEA for its transaction liability practice. Sutton has over 10 ...
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Source: BestWire

Lloyd's Broker New Dawn Risk Appoints Head of Finance
Specialist Lloyd’s broker New Dawn Risk has named Roma Kanabar as head of finance, effective immediately. She will also join the senior management team. Kanabar brings 13 years of experience ...
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Source: BestWire

AM Best Withdraws Public Credit Ratings of Cadence Indemnity Inc.
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb+” (Good) of Cadence Indemnity Inc. (Cadence) ...
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Source: BestWire

Court Vacates DOL Fiduciary Rule Following Department’s About-Face
A Texas federal court vacated a proposed fiduciary rule that would have heightened standards for insurance agents and brokers following the U.S. Department of Labor abandoning the regulations it ...
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Source: BestWire

Tennessee Captive Ranks Grew in 2025 for Sixth Consecutive Year
Tennessee's captive insurance market notched a sixth consecutive year of growth with five new captives and 50 new cells licensed in 2025, the Tennessee Department of Commerce & Insurance ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Tariff Refund Lawsuits Surge Amid Uncertainty About US Plans
The number of companies suing for tariff refunds has spiked in recent weeks, a sign that many importers aren’t confident yet in the Trump administration’s plans to create a claims process after the US Supreme Court struck down the president’s …
Date: Thursday, March 19, 2026

Viewpoint: Driving Sustainable Underwriting Performance With Data and Discipline
International insurance markets are entering a new phase of the cycle. Rates have become increasingly competitive across the majority of businesses classes for some time, with recent market reports estimating that rates declined 4% in the fourth quarter of 2025 …
Date: Thursday, March 19, 2026

EU Moves to Ban AI That Creates Nonconsensual Sexual Images
Artificial intelligence tools that can be used to create nonconsensual sexual images may be banned in the European Union, following outcry after users used Elon Musk’s Grok service to generate thousands of undressed pictures of women and children. The European …
Date: Thursday, March 19, 2026

Countries Propose Safe Corridor to Free 20,000 Seafarers Stranded in Gulf
A proposal from the UN’s shipping agency on Wednesday calls for a safe maritime corridor to free some 20,000 seafarers stranded in the Gulf by war in Iran. Hundreds of vessels have dropped anchor since Tehran threatened to attack ships …
Date: Thursday, March 19, 2026

US Vehicle Thefts Declined Nearly 25% Last Year: NICB
Prevention efforts are making a substantial dent in vehicle thefts across the nation, according to newly released data by the National Insurance Crime Bureau (NICB). The non-profit organization dedicated to preventing and combating insurance crime found that vehicle thefts declined …
Date: Thursday, March 19, 2026

EU Sanctions Chinese and Iranian Companies for Cyberattacks
The European Union on Monday imposed sanctions against two China-based and one Iranian company for cyberattacks against EU member states. The EU listed China-based Integrity Technology Group and Anxun Information Technology, and Iranian company Emennet Pasargad. China’s foreign ministry said …
Date: Thursday, March 19, 2026

Tesla Is Sued by Survivor of Deadly Cybertruck Crash
Tesla Inc. was sued by the sole survivor of a 2024 Cybertruck crash in California that killed three college students who were unable to escape the burning vehicle, the latest in a growing body of litigation faulting the automaker’s electrically …
Date: Thursday, March 19, 2026

Florida’s Home Hardening Grant Plan is Massive, Popular—and Flawed, Critics Say
Florida’s $833 million My Safe Florida Home mitigation program is as popular as ever, providing grants for homeowners to harden their homes and install new roofs. But it’s wasteful, is a tax-dollar giveaway, and has some glaring issues that do …
Date: Thursday, March 19, 2026

Arizona Cardiology Group Paying $4.75M Over Unnecessary Vein Procedure Allegations
A cardiology business and three physicians in Arizona were ordered to pay $4.75 million to resolve allegations they performed medically unnecessary vein ablations. Tri-City Cardiology, P.C., a physician group based in the metro area of Phoenix, and three physicians, are …
Date: Thursday, March 19, 2026

Does Workers’ Compensation Cover Injury Caused by Performing a ‘Common Courtesy’?
An employee has been awarded workers’ compensation benefits after being injured when performing a “common courtesy” even though her employer maintains what she did was outside the course and scope of her employment. The Virginia Workers’ Compensation Commission (VWCC) has …
Date: Thursday, March 19, 2026

California Weighs Crackdown on Social Media for Kids Under 16
The home of the world’s highest-flying social media companies is considering a measure to clip their wings. A bipartisan bill in California would establish a minimum age requirement for social media accounts, curtailing the access of minors to platforms such …
Date: Thursday, March 19, 2026

Viewpoint: AI Paradox in Cyber Insurance—When Fear Drives Markets More Than Reality
The cyber insurance market is experiencing a fascinating paradox. Small business owners are increasingly worried about AI. So much so that artificial intelligence has become the second biggest reason they’re buying cyber insurance. Yet these concerns aren’t actually shaking up …
Date: Wednesday, March 18, 2026

No Sprinklers in TN Explosives Plant Building Where Blast Killed 16, Investigators Say
A building where explosives were manufactured in Tennessee was not outfitted with a sprinkler system or fire protection system before a massive explosion killed 16 workers in October, the U.S. Chemical Safety Board said this week. It’s not clear if …
Date: Wednesday, March 18, 2026

AM Best Withdraws Credit Ratings of Texas’ Cadence Indemnity
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb+” (Good) of Texas-domiciled Cadence Indemnity Inc, a single parent captive of The Sullivan Brothers Family …
Date: Wednesday, March 18, 2026

Iran War Could Raise Exposures for Global Terrorism, Political Violence Underwriters
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency Morningstar DBRS, in a commentary on the war. While the insurance …
Date: Wednesday, March 18, 2026

People Moves: Clyde & Co Tabs Mortimer to Lead Indiana Office; Old Republic Announces Senior Management Changes at BITCO
Global law firm Clyde & Co has announced the opening of a new office in Highland, Indiana, expanding its US footprint and further strengthening its North American trial and defense practice. The new office will be led by Renee Mortimer, …
Date: Wednesday, March 18, 2026

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