Insurance Level News and Press

AM Best Rating Acitivity and News

Hospitality Insurance Group Starting Search for CEO Successor
Hospitality Insurance Group is seeking a successor for retiring President and Chief Executive Officer Richard Welch Jr. Welch, who plans to retire this year, has spent more than four decades in ...
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Source: BestWire

HDI Global Appoints Interim CEO, CFO for UK & Ireland
HDI Global appointed Simon Hunt to succeed Stephanie Ogden as interim chief executive officer of HDI United Kingdom and Ireland and Ger Twomey to succeed Hunt as interim chief financial officer, U.K. ...
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Source: BestWire

Kansas Senator, House Speaker Launch Insurance Commissioner Campaigns
A Democrat senator and the Kansas House speaker have launched bids to become the state’s next insurance commissioner. House Speaker Dan Hawkins, a Republican from District 100, started a career ...
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Source: BestWire

Jewelers Mutual Group Acquires Event Liability Specialist EventGuard
Jewelers Mutual Group said it has acquired EventGuard from licensed insurance agency Indemn. EventGuard specializes in coverage in the events and wedding space, the company said in a ...
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Source: BestWire

Florida Bill Restricts Litigation Financiers, Considers Conflicts of Interest
A bill was filed in the Florida House of Representatives to address potential conflicts of interest caused by litigation financing agreements, prohibit certain actions by litigation funders and ...
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Source: BestWire

AM Specialty Appoints CFO, CRO for UK Unit
AM Specialty Insurance Group appointed Kevin Stephenson as chief finance officer and Viren Patel as chief risk officer of AM Specialty Insurance Co. (UK). In his new role, Stephenson will ...
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Source: BestWire

Swiss Re Exec Joins Pacific Life Re as Global Chief Underwriting and Claims Officer
Pacific Life Re hired Jia Yi Tan to succeed Andrew Doran as global chief underwriting and claims officer, based in the company’s Singapore office. Doran has taken on the role of chief executive ...
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Source: BestWire

Scor Completes Irish Entity Relocation to France
Scor SE said it completed a cross-border conversion of its Irish subsidiary to a French company in line with an effort to simplify the reinsurance group's structure. Scor Global Reinsurance ...
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Source: BestWire

Illinois Bill Would Place Restrictions, Regulations on Public Adjusters
A bill being introduced in Illinois would place restrictions on how public adjusters are compensated, create new disclosure rules and require regulatory approval of contracts. If an insurer pays ...
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Source: BestWire

Mosaic Launches Bermuda Excess Casualty Business for Large Corporate Clients
Mosaic Insurance said it launched an excess casualty unit in Bermuda that will begin underwriting immediately. The facility is aimed at large corporate and multinational clients facing rising ...
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Source: BestWire

Oklahoma Regulator: Economic Indicators Show State Homeowners Market Is Competitive
The Oklahoma Insurance Department released market concentration data showing the state's homeowners market is competitive, despite critics' claims that a lack of competition is causing premiums to ...
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Source: BestWire

Personal Auto Insurers Dropping Rates in Louisiana Point to Lower Claims Costs, Tort Reform
Progressive joins a growing list of personal automobile insurers that are dropping rates in Louisiana. Carriers are citing declining claims and tort reform enacted last year. Progressive Security ...
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Source: BestWire

QBE Names 20-Year Veteran as Head of Core Claims for European Operations
QBE appointed Chris Reidy to succeed Scott Jacobs as head of core claims and James Villiers as head of complex claims for European operations. Jacobs has been appointed head of claims ...
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Source: BestWire

More Than 4,400 Consumers Affected by Texas Insurance Agency's Data Breach
Texas-based Lewis-Watkins Farmer Agency Inc. reported it suffered a data breach on Jan. 5 that impacted as many as 4,476 Texas consumers, according to details from the state attorney general's ...
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Source: BestWire

Price Forbes Appoints Gallagher Exec as Head of Reinsurance and Wholesale, Singapore
Price Forbes has appointed Dick Heath as head of reinsurance and wholesale, Singapore, effective immediately. In his new role, Heath will be responsible for leading and developing Price Forbes’ ...
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Source: BestWire

Axa XL Promotes Leader to Chief Underwriting Officer, Casualty, for the Americas
Axa XL promoted Matthew Stitham to succeed Donnacha Smyth as chief underwriting officer, casualty, in the Americas. Smyth transitioned in November to global chief underwriting officer, casualty, ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Minneapolis Cancels School as Killing Fuels Anti-ICE Protests
The investigation into the killing of a U.S. citizen by an ICE agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor Tim Walz. State …
Date: Thursday, January 8, 2026

Abbott Names Crawford Texas Insurance Commissioner
Texas Gov. Greg Abbott named Amanda Crawford Commissioner of Insurance to replace Cassie Brown. Brown retired after more than four years overseeing the Texas Department of Insurance. Crawford was appointed for a term set to expire on Feb. 1, 2027. …
Date: Thursday, January 8, 2026

Volvo Cars Recalls Over 413,000 US Vehicles Due to Rearview Camera Issue
Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. The software will be updated by a dealer or through …
Date: Thursday, January 8, 2026

Markets/Coverages: CFC Offers Customer BI for SMEs; Amwins SRU Launches Primary Construction Casualty Program
Specialist insurer CFC, said it launched a new extension to its Cyber Proactive Response cover for small- to medium-sized enterprises. Customer business interruption responds to contingent business interruption (BI) events, delivering protection for SMEs facing financial loss as a result …
Date: Thursday, January 8, 2026

Google, AI Firm Settle Florida Mother’s Lawsuit Over Son’s Suicide
Alphabet’s Google and artificial-intelligence startup Character.AI have agreed to settle a lawsuit from a Florida woman who alleged a Character chatbot led to the suicide of her 14-year-old son, according to a Jan. 7 court filing. The filing said the …
Date: Thursday, January 8, 2026

10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
The value of the 10 highest class-action settlements in 2025 exceeded $70 billion for the first time ever. In fact, the total was nearer to $80 billion across all areas of litigation, according to law firm Duane Morris. For the …
Date: Thursday, January 8, 2026

Storm Goretti to Hit Europe With Heavy Snow, Violent Winds
A winter storm is set to lash northern Europe with hurricane-force winds, along with heavy rain and snow as it moves through the region late on Thursday and Friday. Storm Goretti is expected to gather energy as low pressure deepens …
Date: Thursday, January 8, 2026

Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme
A federal judge sentenced a Pembroke Pines insurance broker to almost three years in prison and millions of dollars in restitution for leading a scheme that fraudulently enrolled thousands of people—many of them homeless—in Affordable Care Act health insurance plans. …
Date: Thursday, January 8, 2026

Two Killed in South Carolina When Scissor Lift Hit Power Lines
Two utility workers in North Charleston were killed when the scissor lift they were using struck live power lines, causing a fire. Local news outlets reported that witnesses said the 25-year-old men, working at night Jan. 6, did not have …
Date: Thursday, January 8, 2026

Duffy Pulls $160 Million From California Over Truck Licenses
The U.S. Department of Transportation is withholding about $160 million from California after the state delayed canceling thousands of commercial driver’s licenses that regulators say were issued illegally. Transportation Secretary Sean Duffy said Wednesday that the Federal Motor Carrier Safety …
Date: Thursday, January 8, 2026

Newsom Plans Crackdown on Corporate Homebuying in California
California Gov. Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state during a speech Thursday, following a similar announcement by President Donald Trump. Newsom plans on saying he will work with local legislators …
Date: Thursday, January 8, 2026

Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
“Sustainable value creators” among the 100 largest property/casualty insurance carriers generated more than twice as much of their value through underwriting than through investment activities over a 20-year study period, according to a new analysis from ACORD. In addition, in …
Date: Thursday, January 8, 2026

Bridge Specialty Acquires Pennsylvania Wholesale Broker
Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has acquired the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage located in York, Pennsylvania. The announcement said that Shoemaker & Besser team will …
Date: Thursday, January 8, 2026

Progressive Approved for Personal Auto Rate Decreases in Louisiana
Louisiana Insurance Commissioner Tim Temple has approved Progressive Security Insurance Company’s request for a 6.6% average rate decrease on its over 270,000 private passenger auto insurance policyholders and Progressive Paloverde Insurance Company’s request for a 4% average decrease on its …
Date: Thursday, January 8, 2026

Blenheim Partnerships Launches Specialty Trade-Related MGA
Blenheim Partnerships, part of the White Bear Group, today announces the launch of its specialty trade-related managing general agency. The MGA is backed by Blenheim Underwriting alongside other well-known markets, including some Lloyd’s syndicates. The launch follows the appointment of …
Date: Thursday, January 8, 2026

Octave Ventures’ Statera Gets Approval to Be Lloyd’s Managing Agent
Statera Managing Agency Ltd. announced it has received regulatory approval to act as a Lloyd’s managing agent. Statera will manage Syndicates 4242 and 1416, which currently underwrite specialty risks produced through its strategic relationship with Octave Ventures, a division of …
Date: Thursday, January 8, 2026

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