Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best Finds Surplus Lines Market Premium Moderates Through Nine Months of 2025
AM Best Associate Director David Blades discusses a new Best's Special Report finding excess and surplus insurance premium growth increased by 9.7% through the third quarter of 2025, down from 13.5% ...
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Source: BestWire

Artex CEO: Longer Tail Lines Looking for a Total Return
There is a trend for capital pools to be interested in longer tail casualty lines, said Kathleen Faries, chief executive officer, Artex Capital Solutions. Faries spoke to AM Best TV at the Artemis ...
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Source: BestWire

California Bill Would Establish Claims Standards for Smoke Damage
California lawmakers are considering creating the country’s first standards for smoke damage claims with a piece of legislation that also carries public health regulations. Assembly Bill 1795, ...
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Source: BestWire

Kinsale Fourth-Quarter Net Rises as Favorable Development Increases, Cat Losses Decline
Kinsale Capital Group Inc.'s fourth-quarter net income increased to $138.6 million from $109.1 million a year earlier. Underwriting income rose to $120.6 million from $97.9 million, the company ...
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Source: BestWire

Mapfre Re Latest Reinsurer Approved for India Branch
Spain's Mapfre Re said it won regulatory approval to open a branch office in India, the latest in a string of foreign underwriters to do so. Mapfre Re was approved by India's International ...
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Source: BestWire

AM Best: Sidecar Market Seeing Growth on Both Property, Casualty Sides
The tail risk back to sidecar sponsors is something that should be monitored, said Matt Tuite, director, AM Best. Tuite spoke to AM Best TV at the Artemis ILS NYC 2026 conference in New ...
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Source: BestWire

Sompo Lifts Third-Quarter Profit Ahead of Proposed Aspen Acquisition
Sompo Holdings Inc.'s third-quarter net income more than doubled as the Japan-based group saw lower catastrophe losses and higher income in its domestic life insurance and well-being segment ahead of ...
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Source: BestWire

Tokio Marine: Rates Rise, Cat Losses Drop as Fiscal Third-Quarter Profit Rises to $5.88 Billion
Tokio Marine Holdings Inc.'s fiscal third-quarter profit rose to ¥899.2 billion ($5.88 billion) from ¥895.2 billion, which the insurer attributed to strong international business underwriting ...
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Source: BestWire

Generali to Hire 150 Experts for 'Core Tech' Center
Generali Group is building a team of about 150 experts as it launches Generali Core Tech, a group software factory, to boost the multiple-line insurer's technology transformation. The effort is ...
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Source: BestWire

SiriusPoint Acquiring World Nomads to Expand Travel Insurance Reach
SiriusPoint Ltd. said it will expand its travel insurance distribution in three countries by acquiring World Nomads, a division of Australian health insurer nib Group. Subsidiary and global ...
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Source: BestWire

Washington Lawmakers Pass Commissioner-Backed Wildfire Score, Preventive Services Bills
The Washington Senate and House of Representatives passed bills backed by the insurance commissioner that would create rules covering wildfire risk scores and cost-sharing for preventive health ...
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Source: BestWire

Colorado Officials, Industry Align on Need for Roof Program Amidst Funding Questions
Colorado’s governor and insurance commissioner are calling for the creation of a roof-fortification program, which the state’s insurance trade group says it supports, but concerns linger over how the ...
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Source: BestWire

AM Best TV Panel: Emerging Insurance Leaders Possess Combination of Tech Fluency, Adaptability
AM Best 2026 Emerging Leader nominees Matt Tuite, Antonietta Iachetta and Kim Bjorheim discuss a wide range of issues facing emerging leaders, including skills unique to next generation insurers, ...
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Source: BestWire

Commercial Strategy Executive: Transparency Requires Prioritizing Documentation
With transparency in analytics, insurers can understand what's driving loss numbers, model numbers and how this impacts them so they can quantify uncertainty, said Harry White, head of commercial ...
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Source: BestWire

Amwins Group Benefits Head: Rising Health Costs Put Employer-Sponsored Benefits to the Test
Riva Dumeny, president, group benefits division, Amwins, discusses how rising health costs are reshaping employer-sponsored benefits, and how brokers, insurers and specialists can help manage ...
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Source: BestWire

Weekly Podcast Highlights - Feb. 13
In this week's insurance podcast highlights, Mark Berven, president and chief operating officer, Nationwide property/casualty, discusses the future of the workforce and The Future of Insurance ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

California Insurance Commissioner Unveils Intervenor Reform Regulations
California Insurance Commissioner Ricardo Lara is pushing a change to the state’s long-standing intervenor regulations, which enable groups to intervene in rate hearings. Lara on Friday released the amended text of proposed regulations for the intervenor and Administrative Hearing Bureau …
Date: Friday, February 13, 2026

Experian Launches Insurance Marketplace App on ChatGPT
Experian announced the launch of the Experian Insurance Marketplace app on ChatGPT, introducing its insurance comparison platform to OpenAI’s audience, to help consumers find auto insurance. In the Feb. 13 announcement, Experian said the move is “a significant advancement in …
Date: Friday, February 13, 2026

Houston-Area Developer Reaches $68M Settlement With Texas, Feds
The owners of Colony Ridge, a Houston-area developer accused of running a predatory lending scheme that deceived Latinos, agreed to a sweeping legal settlement that will require them to invest in law enforcement and infrastructure on their properties and tighten …
Date: Friday, February 13, 2026

King Risk Acquires Georgia-Based Hanc Group Agency
Gainesville, Florida-based King Risk Partners has acquired the Hanc Group, an insurance agency that serves the Korean-American community and others in north Georgia, King Risk announced this week. Rick Han, owner of Alpharetta-based Hanc Group, said in a news release …
Date: Friday, February 13, 2026

ZestyAI Provides AI-Driven Risk Analytics for Marsh McLennan Agency
ZestyAI said Marsh McLennan Agency has adopted its risk analytics to enhance risk assessments for a small segment of its high-net-worth clients with catastrophe-prone properties. The provider of AI-powered property and climate risk analytics said its Z-Fire, Roof Age, and …
Date: Friday, February 13, 2026

Kansas Man Sentenced for Insurance Fraud, Forgery
Kansas Insurance Commissioner Vicki Schmidt announced a Reno County man has been sentenced to 21 months in prison for insurance fraud, making false information, and forgery. Larry Wilson, aged 54, pleaded guilty on December 11, 2025, in Reno County District …
Date: Friday, February 13, 2026

Enstar Group Acquires Michigan’s AF Group
Enstar Group Limited, global insurance and reinsurance group backed by investment vehicles managed by affiliates of global investment firm Sixth Street, announced it has entered into a definitive stock purchase agreement to acquire 100% of the shares of Accident Fund …
Date: Friday, February 13, 2026

Three People Suffer Burns at Exxonmobil Facility in Texas, Media Report
Three contract workers suffered burns while working on transport operations at the ExxonMobil XOM.N facility in Beaumont, Texas, KDFM and other media reported late on Thursday. The KDFM report cited a statement from ExxonMobil, which said the contract workers were …
Date: Friday, February 13, 2026

AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’
American International Group (AIG) made substantial progress in artificial intelligence within the last year, and its outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential benefits from …
Date: Friday, February 13, 2026

TVA Now Ready to Reverse Plans on Closing Two Coal-Fired Power Plants
The nation’s largest public utility says it now would prefer to keep operating two coal-fired power plants it had planned to shutter, changing course before a meeting of its board, which has a majority of members picked by the coal-friendly …
Date: Friday, February 13, 2026

MAPFRE Re Gets Regulatory Approval to Open India Branch Office
MAPFRE Re announced it has obtained regulatory approval from the International Financial Services Centres Authority (IFSCA) of India to open its newest branch office in Gujarat. MAPFRE Re said its relationship with the Indian insurance market dates back over a …
Date: Friday, February 13, 2026

Former New Jersey Attorney General Platkin Opens Law Office
Matthew J. Platkin, who served as New Jersey’s attorney general from 2022 to 2026, has opened a law office along with three other attorneys who served with him in that office. Platkin vows to focus on complex civil and public …
Date: Friday, February 13, 2026

China Orders Cereulide Tests as Nestle, Danone Face Recalls
China’s market regulator has ordered infant formula makers to test for cereulide, a toxin that has triggered precautionary recalls worldwide by some of the largest food companies. Producers must strictly enforce controls on raw materials and product releases, the State …
Date: Friday, February 13, 2026

Nestlé Runs 24 Hours to Avert Formula Shortages After Recall
Nestlé SA is ramping up production of infant formula to avert a shortage, after a contamination crisis led the Swiss foodmaker and rival producers Danone SA and Groupe Lactalis to recall hundreds of batches. Five Nestlé factories in France, Spain, …
Date: Friday, February 13, 2026

Forest Service Gets Pushback on Plan to Use Controlled Burns in Green Mountains
The U.S. Forest Service’s plan to conduct controlled burning over the next 15 years in Vermont near popular recreation spots Lake Dunmore and Silver Lake has faced public opposition during a comment period that ends this week. The project, called …
Date: Friday, February 13, 2026

Viewpoint: East London Faces Risks of Extreme Flooding – But Resilience Can Be Built
More than 1,000 properties flooded in London in 2021, resulting in insurance losses of more than £281 million. Record-breaking floods continue to hit the UK. In the capital, 13% of properties have been classed as having a high or medium …
Date: Friday, February 13, 2026

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