Insurance Level News and Press

AM Best Rating Acitivity and News

Most Popular Best's Review Articles Include ‘Viewpoint: In a Fractured Property Market, Consistency Wins’ and More
In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage: “Viewpoint: In a Fractured Property Market, Consistency Wins” looks at why the ...
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Source: BestWire

Best's News: AM Best's First Look – 2025 US Property/Casualty Financial Results
David Blades, associate director, AM Best, discusses a new Best's Special Report, which finds muted insured catastrophe losses during the second half of 2025 significantly benefited net underwriting ...
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Source: BestWire

AM Best: US Health Insurers Seek Improved Underwriting Performance in 2026
AM Best Director Joseph Zazzera discusses a new Best's Market Segment Report, which finds strong health segment financial flexibility and capitalization despite major operating performance ...
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Source: BestWire

AM Best Places Credit Ratings of Equitable Holdings, Inc. and Its Subsidiaries Under Review With Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of ...
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Source: BestWire

Axis Capital Appoints New CFO
Axis Capital Holdings Ltd. appointed Matthew Kirk to succeed Peter Vogt as chief financial officer at Axis, effective March 31, completing a planned leadership transition that was first announced in ...
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Source: BestWire

AM Best Places Credit Ratings of Corebridge Financial Inc.’s Subsidiaries Under Review with Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of the ...
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Source: BestWire

Athora Group Completes Pension Insurance Corp Group Acquisition, Moves HQ to United Kingdom
European savings and retirement business Athora Holding Ltd. said it completed its acquisition of Pension Insurance Corp. plc, creating one of Europe's largest savings and retirement services. ...
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Source: BestWire

Senator Questions DFC's $20 Billion Gulf Reinsurance Plan
A United States senator is raising questions about the U.S. International Development Finance Corp.'s $20 billion reinsurance plan for Persian Gulf shipping risk with Chubb Ltd. as lead ...
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Source: BestWire

Aon: March Storms in Hawaii Could Cause $1 Billion Insured Loss Event
Loss assessments continue in Hawaii, where insured losses from successive Kona storms in March could reach at least $1 billion, according to Aon. Weather losses have been costly for United States ...
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Source: BestWire

NAIC National Homeowners Data Call Seeks ZIP Code-Level Data
During its spring meeting, the National Association of Insurance Commissioners said it is issuing a nationwide homeowners market data call that will drill down to ZIP code-level details. The NAIC ...
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Source: BestWire

Berjaya Sompo Insurance Berhad Appoints Successor to Retiring CEO
Berjaya Sompo Insurance Berhad appointed Soo Wai Har to succeed Tan Sek Kee as chief executive officer, effective April 1. Kee, who is retiring, has been CEO of Berjaya Sompo since 2017 and was ...
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Source: BestWire

Weekly Podcast Highlights - March 27
Some of this week's featured insurance industry podcasts celebrate Women's History Month with Agency Nation Radio and InsHER having episodes dedicated to women building careers in the ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz México, S.A., Compañía de Seguros
AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa” (Superior), and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Allianz ...
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Source: BestWire

AM Best Assigns Issue Credit Ratings to The Progressive Corporation’s Senior Unsecured Notes
AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) to the $500 million, 4.60% senior unsecured notes, due 2031, and $1 billion, 5.15% senior unsecured notes, due ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz Global Corporate & Specialty Resseguros Brasil S.A.
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” (Superior) of Allianz Global Corporate & Specialty Resseguros Brasil S.A. (AGCS Re ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz SE and Its Rated Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Allianz SE (Allianz) (Germany) and its rated ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Hawaii to Take Over Aging Dam After Failure Scare During Floods
A 120-year-old Hawaii dam that reached worrisome levels during heavy rains and devastating flooding, prompting thousands of residents to evacuate for fear of life-threatening failure last week, will soon be taken over by the state. The state’s land board on …
Date: Monday, March 30, 2026

Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk
Toyota Motor Corp.’s Chinese joint ventures are recalling more than 560,000 sport utility vehicles to fix a defect in the second-row seats that could jeopardize passenger safety during a collision. From April 1, the Japanese carmaker and its local partner …
Date: Monday, March 30, 2026

European Commission’s Data Stolen in Hack on AWS Account
The European Commission was hit by a cyberattack that may have resulted in the theft of internal data, months after another incident potentially exposed some staff details. The European Union’s executive arm experienced a breach on March 24, a spokesman …
Date: Monday, March 30, 2026

Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War
Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic victory — a tightening grip over …
Date: Monday, March 30, 2026

Africa’s Biggest City Takes Out $7.5 Million Flood-Risk Policy
Lagos, Nigeria’s commercial hub, has secured a $7.5 million flood insurance policy so some of its poorest residents can access relief when disaster strikes. The policy covers up to 4 million people in the coastal megacity, according to a statement …
Date: Monday, March 30, 2026

Trump Unveils New Loan Guarantees for Beleaguered Farmers
President Donald Trump announced new loan guarantees for farmers and food suppliers, a bid to bolster US agricultural communities squeezed by the impact of the Iran war, tariffs and other challenges. Trump said the loan guarantees would cover farmers and …
Date: Monday, March 30, 2026

Bank of America Agrees to Pay $72.5M to Settle Epstein Accusers’ Lawsuit
Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday. Lawyers for the bank and the women …
Date: Monday, March 30, 2026

Lines Persist at Some Airports After Trump Signs TSA Pay Memo
Several US airports advised travelers on Saturday to arrive at least four hours before their flights because of long security lines even after President Donald Trump said Transportation Security Administration workers would be paid by tapping funds from his 2025 …
Date: Monday, March 30, 2026

Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses
Average cyber insurance claim severity for large accounts in the U.S. nearly doubled in 2025, according to a new Chubb report. The insurer’s 2026 Cyber Claims Report found that average severity for businesses with $1 billion or more in revenue …
Date: Monday, March 30, 2026

Sarasota Homeowners Say Breach in County Dike Caused Flooding in Hurricane Debby
More than 100 homeowners have charged in a lawsuit that officials in Sarasota County, Florida, failed to maintain a dike for years, allowing Hurricane Debby’s floodwaters to inundate homes throughout an upscale subdivision. “Engineering modeling analysis has confirmed that without …
Date: Monday, March 30, 2026

Investigators Find Mississippi Gas Pipes Separated but Utility Discounted the Danger
Separate natural gas explosions in January 2024 that destroyed two homes in Jackson, Mississippi resulted from underground pipes pulling loose from their fittings as spongy clay soil expanded and contracted with rainfall, according to a federal report released Thursday. The …
Date: Monday, March 30, 2026

2 Students Dead and Others Injured in Tennessee School Bus Crash
A school bus crash in west Tennessee on Friday killed two students and injured at least seven other people, officials said. The crash involving a Tennessee Department of Transportation dump truck, a Chevrolet Trailblazer and the school bus took place …
Date: Monday, March 30, 2026

Study: Rebuilding LA to Wildfire Safety Standards Could Lower Future Fire Losses
A new analysis from the California Department of Insurance and the National Association of Insurance Commissioners shows that rebuilding the communities destroyed by the January 2025 Palisades and Eaton fires to a standard set by the Insurance Institute for Business …
Date: Monday, March 30, 2026

Inszone Acquires Streeter Brothers Insurance in Montana
Inszone Insurance Services acquired Streeter Brothers Insurance in Billings, Montana. Streeter Brothers Insurance will continue operating from its current Billings location, with the existing team remaining in place. Founded in 1922 by Delton and Delbert Streeter, Streeter Brothers Insurance has …
Date: Monday, March 30, 2026

Teens Get Probation for Making Fake Nudes of Students; Claim Against School Expected
Two teenage boys who used artificial intelligence to create fake nude photos of their classmates at an exclusive private school in Pennsylvania received probation last Wednesday after dozens of victims described the images’ traumatizing effect on them. The boys were …
Date: Monday, March 30, 2026

Crypto ‘Insurance’ Might Not Protect Customers From Theft
When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection. Coinbase’s response? …
Date: Monday, March 30, 2026

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