Insurance Level News and Press

AM Best Rating Acitivity and News

Frankenmuth Insurance Appoints Successor to Retiring Chief Information Officer
Frankenmuth Insurance named Amy Bingham to succeed Curtis Williams as chief information officer, effective immediately. Williams is retiring from the company effective mid-2026 following more ...
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Source: BestWire

China Re Posts Lower 2025 Profit on Economic, Market Changes
China Reinsurance (Group) Corp. reported lower net profit for 2025 as the group said it evaluated its assets and liabilities based on the macroeconomic environment and market changes. Net profit ...
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Source: BestWire

AM Best to Executive Vice President and Chief Strategy Officer to Join Innovation-Focused Panel at Formation ’26
AM Best Executive Vice President and Chief Strategy Officer Andrea Keenan will join a panel discussion on insurance industry innovation at the Formation ’26 conference, which will be held April ...
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Source: BestWire

Iowa DOI Specialist: Strong Governance Essential as Agentic AI Advances in Insurance
Julie Pearce, holding company specialist, Iowa Department of Insurance and Financial Services, discusses the need for strong governance and oversight as agentic artificial intelligence evolves. ...
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Source: BestWire

Axa UK & Ireland Appoints Lloyds Banking Group Exec as General Counsel
Axa UK & Ireland appointed Caroline Riddy to succeed Emily Coupland as general counsel. Coupland left in December 2025 after 24 years working across Axa’s various U.K. entities. Riddy has more ...
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Source: BestWire

Court Gives UnitedHealth April Deadline to Submit Documents on AI Use
A federal court is giving UnitedHealth Group Inc. until April 29 to respond to a discovery request for documents covering the insurer’s use of artificial intelligence when processing Medicare ...
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Source: BestWire

Annual Report Shows Pacific Life Assets Grew 16% to $275.1 Billion in 2025
Pacific Mutual Holding Co. saw its assets increase 16% to $275.06 billion at the end of last year, as net attributable income dropped during the period to $876 million from $1.43 billion a year ...
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Source: BestWire

Doxa Grows Following Acquisition of Florida MGA Jupiter Underwriting Group
Doxa Insurance Holdings said it has acquired the Jupiter Underwriting Group, a Florida-based managing general agent specializing in admitted umbrella and follow-form excess liability. Doxa said ...
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Source: BestWire

Old Republic International Launching Seventh Specialty Insurer in Five Years
Old Republic International Corp. said it is diversifying further with the formation of its seventh new specialty insurer in five years, Old Republic Property Inc. The carrier will underwrite ...
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Source: BestWire

US Insurance Industry Loses 5,700 Jobs in March
The United States insurance industry shed 5,700 positions in March, which saw total nonfarm payroll increase by 178,000 jobs across the economy, according to preliminary figures from the U.S. Labor ...
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Source: BestWire

Lindberg Special Master Pegs Preliminary Restitution at $1.65 Billion
Greg Lindberg owes a group of insurers at least $1.65 billion in restitution for his wide-ranging insurance fraud and related crimes, according to a report from the special master assigned to the ...
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Source: BestWire

Japan's T&D Unveils New Life Strategy Amid Demographic Challenges
T&D Holdings Inc. rolled out a new strategy to achieve sustainable growth in the Japanese life insurance market amid "megatrends" including declining birth rates and an aging population. Dubbed ...
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Source: BestWire

Centene Appoints Two Group Presidents
Centene Corp. has created two executive leadership positions: Daniel Finke has been hired as group president, markets and commercial, and Michael Carson was appointed group president, Medicare and ...
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Source: BestWire

Best's Review Highlights Industry Response to AI Data Centers
The April issue of Best’s Review examines how the insurance industry is reacting to the massive build-out of AI data centers: “Data Center Boom Opens Opportunities for Insurers” reports how ...
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Source: BestWire

Liberty Mutual Appoints President Amid New Leadership Structure
Liberty Mutual Insurance has launched a new leadership structure across the company's Global Risk Solutions and Liberty Mutual Investments businesses, bringing GRS and LMI into closer strategic ...
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Source: BestWire

US Doubles Gulf Reinsurance Cover to $40 Billion, Names Underwriting Partners
The U.S. government is doubling its Middle East shipping reinsurance program to $40 billion and named six underwriters in addition to lead insurer Chubb Corp. to back the facility. The government ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Strong Underwriting, Investment Income Bolster P/C Income in 2025, Says Moody’s
Twenty insurers rated by Moody’s reported net income of $69 billion in 2025, up 29% over 2024, as the combined ratio for the group improved in 2025 to 88.4 from 91.7 the prior year. Losses from the Los Angeles wildfires …
Date: Tuesday, April 7, 2026

House Explosion in Illinois Kills Three People
An explosion at a Troy, Illinois, house and ensuing fire killed three people. The cause is under investigation. Several homes and buildings on the property were still standing, but the home where the explosion occurred was destroyed, according to media …
Date: Tuesday, April 7, 2026

Kentucky Insurance Agent Charged With Keeping Church’s Premium Payments
A Kentucky insurance agency owner has been charged with diverting premiums from a church client, and the Kentucky Department of Insurance is investigating other clients. Multiple news sites reported that Glen “David” Ramey, 59, an agent and owner of David …
Date: Tuesday, April 7, 2026

Texas Coffee Bar Owes Back Wages for 36 Workers Over Tip Pool Violations
A Texas coffee bar and lounge must pay $85,197 for operating an illegal tip pool. The U.S. Department of Labor recovered the back wages for 36 employees after an investigation reportedly found a coffee bar and lounge in Buda operated …
Date: Tuesday, April 7, 2026

India Plans Sovereign Guarantees for Insurers as Iran War Hikes Shipping Risks: Sources
India is planning sovereign guarantees to support insurers that provide cover for vessels traveling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes …
Date: Tuesday, April 7, 2026

People Moves: ALDOI Names Tompkins Consumer Services Manager
The Alabama Department of Insurance named Stephanie Tompkins manager of the department’s Consumer Services Division, succeeding Dusty Smith, who was promoted to be deputy commissioner for insurance regulation. Tompkins has 25 years of experience in the insurance business and regulation, …
Date: Tuesday, April 7, 2026

GAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about …
Date: Tuesday, April 7, 2026

Insurer Nationwide Operating Income Up 37% in 2025
Insurer Nationwide finished 2025 with net operating income up 37% compared with 2024, to $4.3 billion as total sales and premiums were up 7% to a record $73.2 billion. The Columbus, Ohio-based mutual insurance company—entering its 100th year of operation …
Date: Tuesday, April 7, 2026

Police Chases Result in 8 Deaths in a Week, 4 of Them in Alabama
TROY, Ala. (AP) — A series of police pursuits have led to at least eight deaths around the country in less than a week amid ongoing calls from some law enforcement experts to curb risky high speed car chases. In …
Date: Tuesday, April 7, 2026

Texas Department of Insurance Helps Stop $400M Medicare Fraud Scheme
A Texas Department of Insurance investigator and crime analyst helped identify a Russian national who reportedly filed $400 million in fake Medicare claims. Nikolai Buzolin was living in Houston in 2025 when he created a durable medical equipment company and …
Date: Tuesday, April 7, 2026

Deere Settles Right-to-Repair Lawsuit With $99 Million Fund, Repair Commitments
U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to repairs. The case is part of broader scrutiny …
Date: Tuesday, April 7, 2026

Airline Pilots Must Be Given Final Say on Flying in War Zones, Aviators’ Group Says
Pilots must be given a “final and non-negotiable” say allowing them to refuse to fly over or within conflict zones without influence from commercial pressures, global union group International Federation of Air Line Pilots’ Associations (IFALPA) said. The position paper …
Date: Tuesday, April 7, 2026

King Risk Partners Acquires Its Sixth Connecticut Agency
King Risk Partners has acquired New England Property & Casualty, Inc., an independent insurance agency headquartered in Wallingford, Connecticut. New England Property & Casualty has served individuals and families throughout Connecticut for nearly 40 years, offering auto, home, property, and …
Date: Tuesday, April 7, 2026

China Targets Taiwan’s Chip Tech to Evade Global ‘Containment’: Taipei Government
China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international “containment” of the country, according to a report from the island’s top security agency. China’s scramble for chip talent and …
Date: Tuesday, April 7, 2026

Here’s a List of Gulf Energy Infrastructure Damaged in Iran War
Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, five weeks into the Iran war. US President Donald Trump threatened to bring “Hell” to Iran with strikes on power …
Date: Tuesday, April 7, 2026

IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2002 Together
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2002 together,” Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro …
Date: Tuesday, April 7, 2026

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