Insurance Level News and Press

AM Best Rating Acitivity and News

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

Zurich Issues $150 Million Catastrophe Bond for US Named Storms, Earthquakes
Zurich Insurance Group said it returned to the catastrophe bond market with a $150 million bond covering U.S. named storms and earthquakes. The insurer closed on Turicum Re 2026-1, which adds ...
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Source: BestWire

Montana Court Clears Way for Regulator’s BCBS Data-Breach Investigation
The Montana First Judicial District Court denied an attempt by Health Care Services Corp. to stop a regulatory investigation into a data breach the company allegedly failed to timely ...
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Source: BestWire

Alabama Insurance Commissioner Considering ‘Best Time’ to Lift Captive Creation Moratorium
Alabama Insurance Commissioner Mark Fowler is considering the “best time” to end a moratorium on the creation of new captive insurance companies and risk retention groups following the enactment of ...
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Source: BestWire

Louisiana Bill Would Charge Trucking Captives 'Market Access' Fee to Defray Rising Costs
A bill pending in Louisiana would require captive commercial trucking insurers in the state to pay a so-called market access fee designed to defray rising costs for smaller and independent ...
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Source: BestWire

AM Best Named a 2026 Top Workplace in the United States
AM Best has been named a 2026 Top Workplace by USA TODAY. The award is based on employee feedback collected via a confidential survey measuring workplace experience and engagement. USA TODAY Top ...
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Source: BestWire

Australian Regulator Extends Probe Into IAG Acquisition of RACI
Australia's competition commission is opening a second phase of its investigation into Insurance Australia Group Ltd.'s proposed acquisition of RAC Insurance, citing the regulator's concern the deal ...
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Source: BestWire

Weekly Podcast Highlights - April 16
Among this week's insurance podcast highlights, MSIG USA Chief Underwriting Officer Brian Botkin highlights how his function has driven growth at the insurer and EY's insurance consulting lead ...
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Source: BestWire

Playback Now Available for AM Best-Hosted Webinar on Smarter Insurance Risk Segmentation Through Data
Video playback is now available for a complimentary webinar titled “Breaking the ‘Set-It-and-Forget-It’ Mindset: Smarter Insurance Risk Segmentation Through Data,” hosted by AM Best and sponsored by ...
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Source: BestWire

Beazley to Launch $1 Billion Marine War Risk Consortium for Hormuz Strait Shipping
Beazley plc said it plans to launch a marine war consortium that would provide up to $1 billion of Lloyd's capacity for ships transiting the Strait of Hormuz. The consortium, comprising $500 ...
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Source: BestWire

AM Best: Market Segment Outlook – London Market Insurance
AM Best expects the profitability of London Market companies to moderate over 2026 but remain positive, subject to normal catastrophe experience, according to new research discussed by Kanika ...
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Source: BestWire

AM Best to Exhibit at Buffalo I-Day 2026
AM Best will be exhibiting at Buffalo I-Day 2026 in Buffalo, New York, on April 23. AM Best representatives, including Senior Account Managers Kellie Bodmer and Patrick McCahill and Product Manager ...
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Source: BestWire

AM Best to Deliver Multiple Presentations and Exhibit at RIMS’ 2026 RISKWORLD Conference
AM Best will speak and exhibit at RISKWORLD—the RIMS 2026 Annual Conference and Exhibition—with sessions that will focus on the state of the global reinsurance market and the impact of social ...
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Source: BestWire

Aon Expands President's Role to Include Chief Commercial Officer, Risk Capital
Aon plc has appointed Jeff Alpaugh as chief commercial officer, risk capital, adding to his role as president. Alpaugh will lead Aon’s global commercial strategy across risk capital, helping ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating “virtually all” of the now-bankrupt company’s customer relationships and revenue. Former CEO Puthugramam …
Date: Monday, April 20, 2026

Pemex Undersea Pipeline Found to Cause Gulf Oil Spill
An oil spill in the Gulf of Mexico that soiled beaches, killed wildlife and sparked outrage from environmental groups was caused by a leaky pipeline owned by state oil company Petroleos Mexicanos, the company said. A government investigation determined that …
Date: Monday, April 20, 2026

SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission’s ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say it’s not enough. In arguments Monday they are asking …
Date: Monday, April 20, 2026

AI for the Defense: Should Insurers or Law Firms Pay?
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to Carrier Management readers. Nor is the suggestion that defense firms need to try to …
Date: Monday, April 20, 2026

Florida Needs More, Much More Wind Mitigation. Experts at OIR Summit Give Ideas
Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years and resulting in insurance premium discounts for thousands of people. But it’s not enough. The program is not …
Date: Monday, April 20, 2026

People Moves: Crest Names Solis Commercial Insurance Broker in Tempe; Storie Joins Alliant’s Pacific Northwest Benefits Team
Crest Appoints Solis as Commercial Insurance Broker in Tempe Crest Insurance Group hired Jesus Solis as a commercial insurance broker in the firm’s Tempe, Arizona, office. An Arizona native, Solis joins the team with a focus on providing comprehensive risk …
Date: Monday, April 20, 2026

Inszone Acquires Randall Realty and Insurance in Arizona
Inszone Insurance Services acquired Tucson, Arizona-based Benchmark Insurance Group LLC, doing business as Randall Realty & Insurance. Founded in 1973 by Larry Randall, the agency was later acquired by Frank Fletcher. The firm specializes in mobile and manufactured home insurance, …
Date: Monday, April 20, 2026

Man With AR-Style Pistol Arrested at Aetna Headquarters Without incident
A man carrying a backpack with an AR-style pistol inside was arrested Thursday after walking into health insurer Aetna’s headquarters in Connecticut, police said. Security guards detained the man without incident shortly after 10 a.m., within 3 minutes after he …
Date: Monday, April 20, 2026

Judge Blocks GE Vernova From Ending Work for Vineyard Wind
A Massachusetts judge on Friday blocked GE Vernova GEV.N from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the …
Date: Monday, April 20, 2026

India Approves $1.4 Billion Maritime Insurance Pool
India has approved a 129.8-billion-rupee ($1.4 billion) guarantee for a maritime insurance pool, a minister said on Saturday, as wars and sanctions prompt insurers to withdraw cover, threatening trade flows. The pool will run for 10 years and can be …
Date: Saturday, April 18, 2026

State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims in Arkansas
A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 million to …
Date: Friday, April 17, 2026

Update: Shipping Firms Seek Clarifications Before Transiting Now-Opened Hormuz
Shipping companies have cautiously welcomed Iran’s announcement that the Strait of Hormuz is open but said they would require clarifications, including about the risk of mines, before vessels move through the entry point to the Gulf. Foreign Minister Abbas Araqchi …
Date: Friday, April 17, 2026

Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an “AI winner” through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. “[W]e see AI as a powerful accelerator and enabler in delivering value to our …
Date: Friday, April 17, 2026

Pennsylvania Firefighters Back on Job After 6-Day Insurance Lapse
The two volunteer fire departments serving the western Pennsylvania borough of Vandergrift have resumed responding to 911 calls. Mayor Lenny Collini said the firefighters returned to their stations on Thursday after a six day interruption due to a lapse in …
Date: Friday, April 17, 2026

NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
New York City Mayor Zohran Kwame Mamdani is seeking to lower the cost of property and liability insurance for affordable and rent-stabilized housing through a new city-run insurance program. Mamdani plans to hire independent actuarial experts to design and launch …
Date: Friday, April 17, 2026

People Moves: PIA Arkansas’ Shearon to Retire as Executive Director
The Professional Insurance Agents of Arkansas (PIA Arkansas) announced that Executive Director Staci Shearon will retire effective May 29, 2026, concluding nearly 20 years of leadership and service to the association and the independent insurance community. Shearon informed the PIA …
Date: Friday, April 17, 2026

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