Insurance Level News and Press

AM Best Rating Acitivity and News

Fraternal Mutual Grange Insurance Association Rebranding to Granwest
Mutual insurer Grange Insurance Association said it will rebrand as Granwest Insurance at the start of the third quarter, reflecting the name of its carriers. The new brand "honors our deep roots ...
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Source: BestWire

Rare Earth Insurance Partners Promotes Two Execs to Chairman and Chief Executive
Rare Earth Insurance Partners promoted Wang Wei to chairman, Rare Earth Insurance Partners, Asia-Pacific, and appointed Candace Chan to succeed Wei as chief executive, Rare Earth Insurance Partners, ...
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Source: BestWire

Helvetia Baloise Posts Combined $1.28 Billion Profit as Integration Cuts Costs
Helvetia Baloise Holding AG posted ad hoc earnings of more than 1 billion Swiss francs ($1.28 billion) for 2025 as a combined entity as the Swiss group detailed an integration plan expected to cut up ...
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Source: BestWire

Ameriprise to Pay Fines, Restitution of $1.4 Million Over Annuities Sales
Ameriprise Financial Inc. agreed to pay more than $1.4 million in fines and restitution over exchanges of some variable annuities with guaranteed living withdrawal benefits riders. The settlement ...
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Source: BestWire

North Carolina Insurance Commissioner Pushes Back Dwelling Rate Increase Hearing
A hearing to review the North Carolina Rate Bureau’s two-year 68.3% dwelling rate increase request is being rescheduled from May 4 to July 6, the state’s insurance regulator said. The hearing ...
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Source: BestWire

Hamilton Launches $300 Million Casualty Reinsurance Sidecar
Hamilton Insurance Group Ltd. has launched a $300 million casualty reinsurance sidecar to provide underwriting capacity to its casualty reinsurance portfolio. The sidecar will provide reinsurance ...
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Source: BestWire

Insurance Producer Registry: No Cyberattack Preceded Phishing Campaign Targeting Agents
The National Insurance Producer Registry said it did not experience a cyber incident prior to cybercriminals launching a phishing campaign targeting agents with communications that impersonate the ...
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Source: BestWire

Berkley's Preferred Employers Insurance Appoints Vice President-Head of Distribution
Preferred Employers Insurance, a Berkley company, appointed Steve Houk as vice president and head of distribution. Houk will lead Preferred's overall distribution strategy and support the ...
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Source: BestWire

MGA Eirion Risk Underwriters Debuts Construction Professional Liability Program
Managing general agent Eirion Risk Underwriters has launched a construction professional liability program it said will address shifting professional liability exposures faced by contractors and ...
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Source: BestWire

CompSource Conversion Plan Hits Court-Ordered Roadblock
CompSource Mutual Insurance Co.’s attempt to convert into a stock insurer is on hold due to a temporary restraining order issued over allegations the plan would improperly dilute ownership interest ...
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Source: BestWire

Brown & Brown Names Interim Chief Legal Officer Permanent CLO
Brown & Brown Inc. appointed Eileen Akerson as chief legal officer, a role she was filling on an interim basis since January, effective immediately. Akerson will lead legal, regulatory, ...
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Source: BestWire

Helped by Growth, Progressive First-Quarter Net Income Rises 10% to $2.82 Billion
Progressive Corp.'s first-quarter net income increased 10% to $2.82 billion. Net premiums earned increased 8% to $20.97 billion. The combined ratio worsened by 0.4 points to 86.4. The company ...
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Source: BestWire

AM Best Withdraws Performance Assessment of Delta International Limited’s Affiliates
AM Best has affirmed the Performance Assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited (New Zealand) and Delta Underwriting Private Limited (Singapore). The companies ...
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Source: BestWire

Aon Raises Data Center Lifecycle Capacity to $3.5 Billion
Aon plc added $1 billion if capacity to its proprietary data center lifecycle insurance program, raising total program capacity to $3.5 billion and expanding it to include coverage for existing data ...
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Source: BestWire

HDI Global UK & Ireland Expands Presence in London Energy and Power Insurance Market
HDI Global UK & Ireland is expanding its presence in the London energy and power insurance market. The company recently appointed Matthew Bond as head of energy and power (BestWire, March 2, ...
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Source: BestWire

With US Move, Aegon Sells UK Unit to Standard Life for $2.71 Billion
Aegon Ltd. said it will sell its operation in the United Kingdom to Standard Life plc for £2.0 billion ($2.71 billion) as part of its strategy to become a leading U.S. life insurance and retirement ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Maine Legislature Approves First State Moratorium on Big Data Centers
Maine lawmakers have passed a bill that could make it the first U.S. state to put a moratorium on new data centers as opposition to the electricity-hungry facilities grows across the country over their impact on household energy bills and …
Date: Wednesday, April 15, 2026

Texas Restaurant Ordered to Pay $77K in Back Wages
The U.S. Department of Labor has recovered $77,523 in back wages for 12 workers employed by an Austin, Texas restaurant that failed to pay overtime wages required under federal law. The department’s Wage and Hour Division investigated Grand Buffet Paradise …
Date: Wednesday, April 15, 2026

Britain May Extend Bans on Gagging Orders That Cover Up Workplace Abuse
Britain may widen a planned ban on non-disclosure agreements that silence victims of workplace harassment, discrimination and abuse to include agency workers and the self-employed, as well as permanent staff, the government said on Wednesday. Launching a 12-week consultation, the …
Date: Wednesday, April 15, 2026

Camp Mystic Faces Scrutiny Over Lack of Evacuation Plan in Wake of Fatal Flood
The director of the Texas summer camp where 27 campers and counselors were killed by a devastating flood in 2025 testified Monday he did not see official warnings issued the day before the storm hit, that staff had no meetings …
Date: Wednesday, April 15, 2026

Rainfall Across Northern Michigan Heightens Concerns of Flooding, Dam Overflows
Crews were working Monday to restore power to a closed hydroelectric station in northern Michigan as heavy rain threatens to cause a dam to overflow. More pumps also are being added to the Cheboygan Dam to help push water toward …
Date: Wednesday, April 15, 2026

People Moves: Friedman Joins Alliant Insurance Services’ Employee Benefits Group
Mendy Friedman joined Alliant Insurance Services as first vice president within its employee benefits group. The Chicago, Illinois-based consultant will partner with a diverse portfolio of employers to design and implement data-driven health and welfare strategies. Friedman is an employee …
Date: Wednesday, April 15, 2026

World Insurance Associates Acquires Indiana’s Heuring
World Insurance Associates announced that it acquired the business of Heuring Crop Insurance of Boonville, Indiana on November 1, 2025. Terms of the transaction were not disclosed. Heuring has been providing farmers with comprehensive crop insurance coverage for over 25 …
Date: Wednesday, April 15, 2026

NFP Acquires New Jersey’s Hamilton Group
Global insurance broker NFP reports it has acquired the Hamilton Group, LLC, a multi-disciplinary insurance broker based in Cedar Knolls, New Jersey. Hamilton Group’s Greg Frankel and David Page will join NFP as senior vice presidents reporting to Lauren Kim, …
Date: Wednesday, April 15, 2026

England Has 1.2 Million Buildings at Risk of Flooding With No Defenses
A new study has found that 1.2 million buildings at risk of flooding in England currently aren’t included in any of the country’s flood defenses. The research, provided by mapping service Ordnance Survey and Snowflake, an AI data cloud company, …
Date: Wednesday, April 15, 2026

Weather Prediction Markets Are Booming, but Can They Improve Forecasts?
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times …
Date: Wednesday, April 15, 2026

Progressive Q1 2026 Net Income Up 10%
First quarter 2026 net income at Progressive Corp. increased 10% compared to the same period a year ago to nearly $2.8 billion. Progressive reports results monthly. Net income for March was up 36% to about $712 million. The Mayfield Village, …
Date: Wednesday, April 15, 2026

California Attorney General, DAs Warn About E-Bike Safety and Legal Requirements
California law officials are warning people about the safety dangers and legal requirements of electric bicycles, also known as e-bikes California Attorney General Rob Bonta, Marin County District Attorney Lori Frugoli, San Francisco District Attorney Brooke Jenkins, and San Mateo …
Date: Wednesday, April 15, 2026

Viewpoint: Risk Segmentation to Cover Large Data Centers
A recent high-profile report highlighted a growing challenge for data centers: despite abundant insurance capacity, large data center projects are struggling to secure sufficient coverage. This may seem surprising given the available capacity in the market, but it reflects insurers’ …
Date: Wednesday, April 15, 2026

AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You
As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability is on the line. These warnings became more urgent after …
Date: Wednesday, April 15, 2026

Australian MedTech Firm EBR Systems Flags Possible Data Breach of Patient Records
Medical technology firm EBR Systems on Wednesday said a cybersecurity incident detected in February may have resulted in unauthorized access to a small amount of personal health information. The company said it became aware of a network disruption around February …
Date: Wednesday, April 15, 2026

Italy Court Allows Class Action Against Meta Over Facebook Data Scraping
A Milan court on Tuesday accepted a class action brought by a consumer group against Meta Platforms over the theft of personal data suffered by Facebook Italy. According to the court order, the data scraping incident, which took place between …
Date: Wednesday, April 15, 2026

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