Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Affirms Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc.
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Nodak Insurance Group (Nodak). ...
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Source: BestWire

Price Forbes Appoints Former Gallagher Re Executive as Head of Facultative, MEA
Price Forbes said it is building its facultative capability for the Middle East and Africa region and has appointed Tarek Semaan as head of facultative, MEA, and Anthony Abi Fadel as director, ...
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Source: BestWire

Lockton's New Canadian Business Names CEO
Lockton has hired Stéphane Lespérance as chief executive officer of Lockton's new Canadian business. Lespérance has almost 30 years of experience in risk management and is recognized as a ...
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Source: BestWire

Liberty International Insurance Names President-Managing Director
Liberty Mutual Insurance has appointed Defne Turkes to succeed Phil Hobbs as president and managing director of Liberty International Insurance, the international division of global risk solutions, ...
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Source: BestWire

Ariel Re Appoints Chief Commercial Officer
Global reinsurer Ariel Re has appointed Tim Shreeve as chief commercial officer. Shreeve will focus on identifying and advancing opportunities for growth across the business. Working closely with ...
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Source: BestWire

AM Best to Hold Analytical Briefing on Navigating Complexities of Cyber Insurance Segment
AM Best will hold an analytical briefing with industry executives, innovation leaders and AM Best analysts to discuss the complexities of cyber capacities and underwriting, as well as what to expect ...
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Source: BestWire

Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
The U.S. life/annuity industry saw its total income decrease 18% in the first three months of 2026 from the prior-year period as premiums and annuity considerations fell by $36 billion, according to ...
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Source: BestWire

Best's Review Looks at Catastrophe-Focused MGAs
In its June issue, Best’s Review examines the growing role of managing general agents (MGA) in providing coverage for catastrophes. MGAs’ presence is playing a factor in the stabilization of the ...
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Source: BestWire

Plymouth Rock Management Company of New Jersey Adds Operations Chief
Plymouth Rock Assurance has promoted Michelle Trindade to chief operating officer of the Plymouth Rock Management Company of New Jersey. The company also promoted Nilu Tabrizi to vice president, ...
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Source: BestWire

Maryland Court Blocks Portion of ACA ‘Integrity, Affordability’ Rule Changes
A Maryland federal court blocked a large portion of Affordable Care Act marketplace integrity and affordability rule changes federal agencies finalized in June 2025. Challenged by a group of ...
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Source: BestWire

US House Bill: Limit Medicare Advantage Agent Payments; NAIFA Says It's Not Needed
A bill proposed by U.S. Rep. Alexandria Ocasio-Cortez would limit how much health insurers could pay or gift agents and brokers for enrolling insureds in Medicare Advantage plans. Compensation ...
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Source: BestWire

Ex-Insurance Executive Lindberg Files Appeal, Says No Restitution Owed
Former insurance executive turned convicted fraudster Greg Lindberg is appealing the judgment of forfeiture and order of restitution, saying in court filings he overpaid restitution and owes ...
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Source: BestWire

VIG Re Appoints Former Swiss Re Executive as Chief Representative for Asia-Pacific
VIG Re appointed Wilfrid Goh as chief representative Asia-Pacific, for its proposed representative office in Singapore, effective July 1, subject to the approval of the Monetary Authority of ...
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Source: BestWire

West Virginia Insurance Commissioner Retiring; Successor Named
West Virginia Insurance Commissioner Allan McVey is retiring on July 1, and Gov. Patrick Morrisey has appointed Erin Hunter as McVey’s successor. With 57 years in the insurance industry, McVey ...
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Source: BestWire

Munich Re SVP: Strong El Nino Likely for Summer, Fall
A strong El Niño may mean 2026 Atlantic hurricane activity could be suppressed, while Northeast, Central and Northwest Pacific weather events could be amplified. Mark Bove, meteorologist and senior ...
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Source: BestWire

Best’s Special Report: Evolving Data Center Landscape Requires Insurer Innovation
The growing proliferation of data center projects offers considerable opportunity for the U.S. property/casualty insurance industry to develop innovative new property and liability coverages amid ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

People Moves: Lockton Appoints Lespérance as CEO of Canadian Business; Aon Taps Marsh’s Desmond as Head of Construction for UK Commercial Risk
This edition of International People Moves details appointments at the brokers Lockton and Aon. A summary of these new hires follows here. Lockton Appoints Lespérance as CEO of Canadian Business Lockton, the privately held independent insurance brokerage, announced the appointment …
Date: Tuesday, June 16, 2026

ANV Agrees to Buy Open Lending Corp in All-Cash Deal
ANV Group Holdings Ltd. said it has entered a definitive merger agreement with Open Lending Corporation. ANV said it will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction …
Date: Tuesday, June 16, 2026

Alabama GOP Dismisses Tuberville Residency Challenge Brought by Insurance Agent
The Alabama Republican Party said U.S. Sen. Tommy Tuberville will remain the party’s gubernatorial nominee, rejecting a claim on Sunday that he had not lived in the state long enough to run for governor. The unanimous decision came after the …
Date: Tuesday, June 16, 2026

People Moves: Lawley Expands Team Across Its Footprint
Lawley, headquartered in Buffalo, New York, named three new team members. Stéphane Legris, insurance advisor, based in Buffalo and serving the Saratoga, New York region. As an insurance advisor, Legris specializes in business insurance, captive solutions, and construction, transportation, and …
Date: Tuesday, June 16, 2026

Latent Construction Defects: Hidden Source of Disputed Losses in Fast-Built Texas
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …
Date: Tuesday, June 16, 2026

Lawsuit Dismissed of Ex-Yosemite Ranger Fired for Hanging Transgender Flag
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
Date: Tuesday, June 16, 2026

Markets/Coverages: Nationwide, Barn Owl Partner to Monitor Rural Property Owners
Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …
Date: Tuesday, June 16, 2026

People Moves: Cincinnati’s Kellington to Retire as CTO, Osborn to Assume Position
Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …
Date: Tuesday, June 16, 2026

Skydiving Plane Crash Brings Attention to Industry’s Weak Oversight
Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …
Date: Tuesday, June 16, 2026

Texas Flood Threat Persists as Gulf System Nears Storm Status
The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …
Date: Tuesday, June 16, 2026

AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
Motley, complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
Date: Tuesday, June 16, 2026

Almost All of World’s Children Exposed to Climate Hazards, UN Agency Says
Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …
Date: Tuesday, June 16, 2026

Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …
Date: Tuesday, June 16, 2026

Allianz Is Said to Lead Bidding for HSBC Life Singapore
Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …
Date: Tuesday, June 16, 2026

Fertilizer Ships Face Long Backlog Even if Hormuz Reopens
An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for …
Date: Tuesday, June 16, 2026

Danone US Sues Chobani Over High-Protein Yogurt Labeling Claims
The battle between high-protein yogurts has entered the courtroom. Danone SA’s US subsidiary sued Chobani in US court on Monday, alleging that Chobani is improperly marketing how much protein is in a serving of its yogurt. The lawsuit, filed in …
Date: Tuesday, June 16, 2026

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