Insurance Level News and Press

AM Best Rating Acitivity and News

Dale Underwriting Appoints Head of Portfolio Solutions
Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.'s Lloyd’s Syndicate 1729, appointed Kevin Flack as head of portfolio solutions. In this newly created role, Flack will ...
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Source: BestWire

SiriusPoint Appoints Hartford Exec as CUO of North America P/C Insurance
SiriusPoint Ltd., a global specialty insurer and reinsurer, appointed John Sakakeeny as chief underwriting officer of North America property/casualty insurance, effective Feb. 2. Sakakeeny will ...
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Source: BestWire

AM Best Affirms Credit Ratings of National Insurance Company
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of National Insurance Company (NIC) (Jordan). The outlook of these Credit Ratings ...
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Source: BestWire

MS Amlin Launches Middle East Reinsurance Partnership With Parent MSI
Lloyd's underwriter MS Amlin launched a reinsurance partnership with its parent company Mitsui Sumitomo Insurance Co. Ltd., for clients in the United Arab Emirates to tap growing demand in the ...
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Source: BestWire

National Life Again Facing Suit Alleging Misleading Sales Practices
A National Life Insurance Co. affiliate is facing a renewed lawsuit accusing it of providing misleading materials and making omissions during sales of indexed universal life annuities that saw no ...
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Source: BestWire

AM Best Affirms Credit Ratings of Advantage Life Puerto Rico A.I.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Advantage Life Puerto Rico A.I. (ALPR) (San Juan, PR). The outlook of these ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Negative for Advantage Life Assurance I.I.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of ...
Date:
Source: BestWire

AM Best Withdraws Credit Ratings of Malayan Insurance Co., Inc.
AM Best has affirmed the Financial Strength Rating (FSR) of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of Malayan ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Positive for BMO Life Assurance Company
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR ...
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Source: BestWire

AM Best Affirms Credit Ratings of RSA Insurance Group Limited’s Subsidiaries
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Intact Insurance U.K. Limited (Intact UK) (United Kingdom), Intact ...
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Source: BestWire

AM Best Revises Outlooks to Positive for Aventus Insurance Company
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) of Aventus Insurance Company ...
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Source: BestWire

AM Best Affirms Credit Ratings of Qatar Insurance Company Q.S.P.C. and Its Subsidiary
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Qatar Insurance Company Q.S.P.C. (QIC) (Qatar), and its subsidiary, ...
Date:
Source: BestWire

AM Best Downgrades Credit Ratings of Prime Insurance Company; Places Credit Ratings Under Review With Negative Implications
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Prime Insurance Company ...
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Source: BestWire

AM Best Affirms Credit Ratings of Members of Spinnaker Insurance Group
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Spinnaker Insurance Company and its 100% reinsured subsidiaries, ...
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Source: BestWire

NFIP Reauthorization Mired in DHS Funding Fight as Deadline Nears
Reauthorization of National Flood Insurance Program faces a Jan. 30 deadline that hinges on the United States Senate passing funding measures that include appropriations for the Department of ...
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Source: BestWire

Florida Litigation Funding Bill Clears Senate Panel
The Florida Senate Judiciary Committee approved a bill that would require disclosure of litigation financing agreements in certain cases and place new prohibitions on financier activities. Senate ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds
The owner of the Massachusetts assisted living facility Gabriel House where 10 people were killed and 30 injured in a fire last July has been denied access to property insurance proceeds he told a court are needed to repair the …
Date: Thursday, January 29, 2026

Waymo Probed After Robotaxi Struck Child Near California School
U.S. auto safety regulators are investigating a Waymo autonomous vehicle that struck a child near a school in Santa Monica, California, the second recent probe to examine the behavior of the Alphabet Inc. unit’s robotaxis near children. The vehicle collided …
Date: Thursday, January 29, 2026

AM Best Revises Outlook to Positive for Texas’ Aventus
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) of Aventus Insurance Company based in Fort Worth, Texas. These Credit Ratings …
Date: Thursday, January 29, 2026

It’s Getting More Expensive to Live in Texas, Census Finds
It’s getting harder to afford living in Texas — even as incomes and educational attainment grow and poverty declines. Despite the state’s robust economic growth since the start of the decade, incomes in Texas haven’t kept pace with the nation …
Date: Thursday, January 29, 2026

New Wrong-Way Detection System Cut Crashes on Michigan Highway
While wrong-way crashes are increasing statewide in Michigan, one major highway is seeing the opposite trend. Since new wrong-way detection systems went up on US 131 in Grand Rapids, crashes have dropped more than 50%, according to state transportation officials. …
Date: Thursday, January 29, 2026

Another Opportunity for Private Flood Insurers as Another Lapse Looms for NFIP
The clock is ticking on the National Flood Insurance Program—again. The NFIP is part of the federal funding package, which is set to expire at midnight Jan. 30. Unless Congress compromises on several issues, namely funding for the Department of …
Date: Thursday, January 29, 2026

Tampa Bay Rays’ New Stadium in Tampa: What We Know So Far
For many of the nearly 28 years since the Tampa Bay Rays held their inaugural game in St. Petersburg’s domed stadium, they have been looking for a bigger, better deal. Tropicana Field’s location, across Tampa Bay from the much-larger population …
Date: Thursday, January 29, 2026

Alabama Insurance Agent and Candidate Says Tuberville Lives in Florida
An Alabama insurance agent running for governor is challenging U.S. Sen. Tommy Tuberville’s eligibility to seek the office, accusing the football coach-turned-politician of not meeting the legal requirement to have lived in the state for seven years. Ken McFeeters, who …
Date: Thursday, January 29, 2026

Europe to Decide How Much Toxin in Baby Formula Is Too Much
Europe’s food safety regulator will publish advice on what is an acceptable level of the toxin currently at the heart of one of the biggest infant formula recalls in history. The European Food Safety Authority will establish an “acute reference …
Date: Thursday, January 29, 2026

Fire in Connecticut Damages 5 Businesses Including Popular Restaurant
A fire in a commercial plaza in Thomaston, Connecticut damaged five businesses including a popular restaurant, Patti’s Place. Firefighters battled the building fire on Park Street late Tuesday night and into Wednesday morning. “Crews started with an aggressive interior attack, …
Date: Thursday, January 29, 2026

Bumble, Panera Bread, CrunchBase, Match Hit by Cyberattacks
A wave of cyberattacks has hit Bumble Inc., Panera Bread Co., Match Group Inc., and CrunchBase Inc., as cybersecurity experts warn about a new round of social engineering attacks targeting US companies. Bumble Inc., the parent company of dating apps …
Date: Thursday, January 29, 2026

Markets/Coverages: Arch Launches Event Cancellation Cyber Coverage
Arch Insurance International (Arch) announced the launch of its event cancellation cyber coverage, which is available through both the London market and Arch’s instant quote and bind platform, Arch IQ. Offered as a cyber extension to an event cancellation policy, …
Date: Thursday, January 29, 2026

US Handing Over Seized Tanker to Venezuela, Officials Say
The United States is handing over to Venezuela a tanker that it seized this month, two U.S. officials told Reuters on Wednesday. The United States has been carrying out a months-long effort to seize oil tankers linked to Venezuela – …
Date: Thursday, January 29, 2026

Australia Hits New Renewable Milestone of Over 50%
Australia hit a new clean energy milestone during the December quarter, even as power demand rose over 2.2% from a year earlier, the Australian Energy Market Operator (AEMO) said on Thursday. Gas-fired generation fell to its lowest level since 2000, …
Date: Thursday, January 29, 2026

Flood Losses Set to Soar 10-Fold in Southeast Asia, WTW Study Finds
Losses tied to floods in Southeast Asia may grow as much as 10-fold in the coming years due to the rise of extreme weather events, according to Willis Towers Watson Plc. Early indications suggest that major regional flooding events have …
Date: Thursday, January 29, 2026

Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’
W.R Berkley reported a “flattish” top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The insurer’s chief executive signaled a change in the level of rate increases going forward. President and CEO W. Robert Berkley, …
Date: Thursday, January 29, 2026

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