Insurance Level News and Press

AM Best Rating Acitivity and News

AI Exclusions Appearing in Insurer Commercial Policy Filings
Insurance filings show that insurance companies are beginning to include exclusions and other updates in commercial policies to reflect the growth of artificial intelligence and changes made to forms ...
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Source: BestWire

NAIC Creating Life Illustration, Buyer's Guide Working Groups
The National Association of Insurance Commissioners is creating a working group to improve life and annuity illustrations and a separate group to revise an annuity buyer's guide. The Life ...
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Source: BestWire

Liberty Specialty Markets Appoints Head of Cyber & Tech E&O, Europe
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Oliver Delvos to succeed Jelmer Andela as head of cyber and tech errors and omissions, Europe, effective Dec.1. ...
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Source: BestWire

Apollo Names Successor to Retiring Head of Marine, Energy and Transportation
Apollo has promoted Martin Jackson to succeed Simon Mason as head of marine, energy and transportation effective Jan. 1, 2026. Mason has announced his decision to retire, but he will remain ...
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Source: BestWire

Farmers Plans 5% Policy Increase for California Homeowners in Wildfire-Distressed Areas
Farmers Insurance plans to increase policies in force in wildfire-distressed areas of California by at least 5% if it is approved for a rate filing that includes an average 6.99% rate ...
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Source: BestWire

Axis Capital Ends Stone Point Investment With $238 Million Share Repurchase
Axis Capital Holdings Ltd. has entered into a stock repurchase agreement with an affiliate of institutional investor Stone Point Capital Ltd. to buy back $238 million of its stock, ending Stone ...
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Source: BestWire

Former AIG EVP-Chief Risk Officer Dies
American International Group announced Tom Bolt, previously executive vice president and chief risk officer, has died. Bolt was in his late 60s. AIG posted about Bolt's passing on its LinkedIn ...
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Source: BestWire

AIG: Neal Paid $2.7 Million Amid Employment Fallout
American International Group Inc. said it has agreed to pay former Lloyd's Chief Executive Officer John Neal $2.7 million even though Neal will not be joining the group as previously planned. AIG ...
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Source: BestWire

NICB: Third-Party Litigation Funders Using Digital Manipulation to Drive Litigation Rates
Third-party litigation funders are increasingly turning to "digital manipulation methods," such as search engine diversion and brand impersonation, to grab policyholders' attention at moments of ...
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Source: BestWire

State Farm Seeks to Lower California Auto Rates After Double-Digit Hike in January
State Farm Mutual Automobile Insurance Co. said it has filed to reduce average private passenger automobile insurance rates by 6.2% in California as physical damage losses continue to trend lower. ...
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Source: BestWire

Most Popular Best's Review Articles Include ‘New Technology Helps Prevent Workplace Injuries’ and More
In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage: “New Technology Helps Prevent Workplace Injuries as Claims Frequency Declines” ...
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Source: BestWire

Best’s Market Segment Report: AM Best Maintains Negative Outlook on US Health Insurance Segment
AM Best is maintaining a negative outlook on the U.S. health insurance industry for 2026, citing ongoing higher medical trends for Medicare Advantage and a rate and acuity mismatch for Managed ...
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Source: BestWire

Best's News: AM Best Says Reciprocal Insurance Exchanges Offer a Unique, Collaborative Structure
AM Best Associate Director David Blades and Associate Analyst Alexander Winant highlight a new Best’s Market Segment Report that finds a key advantage of reciprocal exchanges is the control ...
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Source: BestWire

AM Best Affirms Credit Ratings of Markel Group Inc. and Its Subsidiaries
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Markel Group Inc. (Markel) (Glen Allen, VA). AM Best ...
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Source: BestWire

Senator Pitches Allowing Cross-State ACA Plan Sales, HSA-Style Accounts for Premiums
Florida Republican Sen. Rick Scott is introducing legislation that would create health savings account-style accounts that could be used to pay for premiums and allow insurers to sell Affordable Care ...
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Source: BestWire

AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation
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 First American Title Insurance Company (Omaha, ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities
Two former top investigators for Farm Bureau Financial Services are suing the company for fraud, racketeering and wrongful termination. The lawsuit alleges the insurer’s management group knew of fraudulent activity committed by company employees and refused to report fraud to …
Date: Monday, November 24, 2025

More Federal Legislation Introduced to Tackle Third-Party Lit Funding
Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …
Date: Monday, November 24, 2025

Meta Buried ‘Causal’ Evidence of Social Media Harm, Court Filings Allege
Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by U.S. school districts against Meta and other social media …
Date: Monday, November 24, 2025

Norfolk Southern Revives Plans for Firefighter Training Near Site of Ohio Derailment
Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio. Building a …
Date: Monday, November 24, 2025

Ohio Machining Company to Pay $2M to Settle Sex Discrimination Case
Glunt Industries, Inc., a Warren, Ohio machining company which operates four large-scale fabrication plants, will pay $2 million and provide other relief to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. …
Date: Monday, November 24, 2025

Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies
Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …
Date: Monday, November 24, 2025

Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region
Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …
Date: Monday, November 24, 2025

COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding
United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …
Date: Monday, November 24, 2025

AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus
American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …
Date: Monday, November 24, 2025

Farmers Eliminating Homeowners Insurance Policy Cap in California
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …
Date: Monday, November 24, 2025

Florida Republicans Oppose Trump Offshore Oil Leasing Plan
Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on …
Date: Monday, November 24, 2025

Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets
Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, …
Date: Monday, November 24, 2025

North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield
A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …
Date: Monday, November 24, 2025

Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137
Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the country. The containers …
Date: Monday, November 24, 2025

Ozempic Users in Denmark Win Eye-Disease Payout
Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,000), though that figure may rise if …
Date: Monday, November 24, 2025

US States Take Aim at Data-Driven Pricing to Ease Consumer Pain
Even as the White House seeks to roll back state laws on artificial intelligence, states are pursuing an increasing number of bills to ban tech-driven pricing practices in an effort to bring consumers relief from high costs. By taking on …
Date: Monday, November 24, 2025

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