Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Costa Rica’s Insurance Industry
AM Best is maintaining its stable outlook on Costa Rica’s insurance industry due to steady premium growth and a stable regulatory environment. According to the new Best’s Market Segment Report, ...
Date:
Source: BestWire

Continental General in Second Acquisition of Life Blocks From State Guaranty Associations
Continental General Insurance Co. said it has completed the acquisition of a block of insurance and annuity policies issued by Southland National Insurance Corp. from the state life and health ...
Date:
Source: BestWire

TWIA Swings to First-Quarter $41.6 Million Surplus From $17.4 Million Deficit at Year End
The Texas Windstorm Insurance Association swung to a $41.6 million surplus at the close of the first quarter from a $17.4 million deficit at year end, it reported at the start of the 2026 hurricane ...
Date:
Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Stable for FMNE Insurance Company
AM Best has revised the outlook to stable from negative 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 ...
Date:
Source: BestWire

WTW Acquires Crypto, Digital Platform Redefind
WTW said it acquired Redefind, a web-based insurance platform that allows access to insurance products for crypto and digital assets. The acquisition is part of WTW's long-term strategy to expand ...
Date:
Source: BestWire

Country Financial Lowering Auto Rates in 11 States as Claims Trends Improve
Country Financial said it is lowering average auto rates 3% to 10% in 11 states as claims frequency and overall costs decline. Average rates are dropping 8% in its home state of Illinois, where ...
Date:
Source: BestWire

Western Financial Works With Canadian Architects Group to Deliver Group Benefits
Western Financial Group said it has entered into an agreement with the Royal Architectural Institute of Canada to offer group benefits tailored to small employers. The RAIC Group Benefits Program ...
Date:
Source: BestWire

26North Re to Acquire Independent Life in Expansion to US Insurance Market
26North Reinsurance Holding Co. has entered into an agreement to acquire 100% of Independent Insurance Group LLC in an expansion into the U.S. insurance market. Independent unit Independent Life ...
Date:
Source: BestWire

Agents Council Head: Independent Agencies Embrace AI Amid Risk Concerns
Kasey Connors, Independent Insurance Agents & Brokers of America, Agents Council for Technology director, discussed new findings that show most independent agencies are expanding artificial ...
Date:
Source: BestWire

Africa Specialty Risks Attracts Private Equity Investment
Africa Specialty Risks said it agreed to a strategic investment by London-based institutional investor Vitruvian Partners as it seeks to expand its insurance and reinsurance reach in Africa and the ...
Date:
Source: BestWire

AM Best Assigns Performance Assessment to Ryan Specialty (Singapore) Pte. Limited; Affirms Performance Assessment of Remaining Ryan Specialty Underwriting Managers’ Affiliates
AM Best has assigned a Performance Assessment (assessment) of PA-1 (Exceptional) to Ryan Specialty (Singapore) Pte. Limited (Singapore). The outlook assigned to the assessment is stable. ...
Date:
Source: BestWire

Intermediary Platform ANV Acquires MGA Specialty Comp Insurance Solutions
ANV Group Holdings Ltd. completed its acquisition of Texas-based Specialty Comp Insurance Solutions, a managing general agent specializing in tough-to-place monoline workers' compensation ...
Date:
Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Negative for Farmers Fire Insurance Company
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

Best’s Market Segment Report: AM Best Maintains Negative Outlook on Colombia’s Insurance Industry
AM Best is maintaining its negative outlook on Colombia’s insurance industry, citing challenging economic conditions, including rising inflation and interest rates, and political ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings of FuSure Reinsurance Company Limited
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of FuSure Reinsurance Company ...
Date:
Source: BestWire

AM Best to Hold Analytical Briefing on Shifting Directors and Officers Insurance Market Landscape
AM Best will hold an analytical briefing on the U.S. directors and officers (D&O) insurance market, scheduled for Tuesday, June 23, 2026, at 2:00 p.m. EDT. The D&O insurance landscape continues to ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

King Risk Partners Acquires Construction Insurance Specialist, Roberts Agency
King Risk Partners has acquired The Roberts Agency, Inc., an independent insurance agency specializing in the construction industry that is based in Bloomfield, Connecticut. This partnership strengthens King Risk Partners’ presence in Connecticut while expanding its construction insurance and surety …
Date: Wednesday, June 3, 2026

Texas Lifts Bans on CDLs for Temporary Agriculture Workers
The Texas Department of Public Safety on Monday lifted a restriction on commercial drivers licenses and permits for immigrants with temporary agriculture work visas and removed the Spanish language option for CDL tests following changes in federal requirements. In September, …
Date: Wednesday, June 3, 2026

Okla. Workers’ Compensation Commission Warns of Scam Targeting Injured Workers
The Oklahoma Workers’ Compensation Commission is alerting residents of a scam targeting injured workers. Scammers have contacted injured workers by phone, text message, or social media by claiming to be a workers’ compensation attorney, according to the commission. The scammer …
Date: Wednesday, June 3, 2026

US Looks to Unblock Hormuz With Quiet Version of Project Freedom
A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Rather than …
Date: Wednesday, June 3, 2026

Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally
The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …
Date: Wednesday, June 3, 2026

SEC, Musk Defend Settlement After Judge Cites ‘Red Flags’
A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit came after almost a year of negotiations, attorneys for the agency said Monday after a judge raised concerns about the …
Date: Wednesday, June 3, 2026

Business Moves: Buy of Fortegra Completed by Korean Insurer DB
The Fortegra Group said its acquisition by South Korea’s DB Insurance Co. has been completed. Jacksonville, Florida-based Fortegra will operate independently and keep its existing leadership team as well as distribution relationships. “Agents, distribution partners, and customers will continue to …
Date: Wednesday, June 3, 2026

Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete
Brokerage Acrisure has filed a federal lawsuit, accusing a former employee of using employees and intellectual property to peal away at least 50 clients to a company he started—named after one Acrisure acquired in 2016. The Grand Rapids, Michigan-based global …
Date: Wednesday, June 3, 2026

97,000 More Connecticut Residents Will Have Medical Debt Erased
More than 97,000 Connecticut residents will receive letters in the mail starting this week informing them that some or all of their medical debt has been erased. Governor Ned Lamont’s administration launched the program in partnership with the national nonprofit …
Date: Wednesday, June 3, 2026

Buckner Expanding Operations in Utah With New Office
Buckner is opening its eighth office location, this one in St. George, Utah. Jameson Carr will help lead Buckner’s expansion efforts in Southern Utah. Salt Lake City-based Buckner is a regional brokerage with more than $50 million in reported annual …
Date: Wednesday, June 3, 2026

Northeast States Sue Trump Administration Over Offshore Wind Farm Cancellation
Seven U.S. states led by New York sued the Trump administration on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel …
Date: Tuesday, June 2, 2026

Sentry to Sponsor PGA Tournament at Torrey Pines
Sentry Insurance will take over as the sponsor of the PGA Tour event at Torrey Pines Golf Course in San Diego, Calif. The tournament, which will be named The Sentry, will take place Jan. 27-30, 2027. The iconic Torrey Pines …
Date: Tuesday, June 2, 2026

Business Moves: WTW Buys Redefind to Boost Access to Crypto and Digital Asset Insurance Offering; ASR Agrees to Strategic Investment From PE Firm Vitruvian Partners
WTW Buys Redefind to Boost Access to Crypto, Digital Asset Insurance Insurance broker WTW announced it has acquisition of Redefind, an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets. WTW said this investment …
Date: Tuesday, June 2, 2026

People Moves: Holmes Murphy Hires Cointment as Sr. Client Executive, Surety
Holmes Murphy announced that Chaz Cointment has joined the brokerage as a Sr. Client Executive, Surety. In this role, Cointment will be responsible for the development and management of client surety programs. His key focus will be to enhance and …
Date: Tuesday, June 2, 2026

ANV Acquires Texas’ SCIS
ANV, a global insurance intermediary platform, has successfully completed the acquisition of Specialty Comp Insurance Solutions from Specialty Program Group, a subsidiary of Hub International. SCIS is a Texas-based managing general agent specializing in tough-to-place monoline workers’ compensation insurance. The …
Date: Tuesday, June 2, 2026

People Moves: HUB Appoints Bloemers as National Chief Cross-Sell Officer
HUB announced the appointment of Kyle Bloemers as national chief cross-sell officer. The newly created role is part of HUB’s broader strategy to help deliver greater value to clients, drive new business generation and accelerate organic growth. Bloemers will spearhead …
Date: Tuesday, June 2, 2026

Cheaper Auto Insurance Zip Code: