Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Maintains Under Review With Positive Implications Status for Credit Ratings of Mountain West Farm Bureau Mutual Insurance Company
AM Best has maintained the under review with positive implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mountain West Farm ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Aioi Nissay Dowa Insurance Company Limited; Assigns Credit Ratings to MSIG Specialty Insurance America, Inc.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Victoria Insurance Company JSC
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Victoria Insurance Company JSC (Victoria) (Kazakhstan). The outlook of these ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Stable for Korea P&I Club
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of ...
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Source: BestWire

AM Best Places Credit Ratings of GUNA Re Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of GUNA Re (Cayman Islands). ...
Date:
Source: BestWire

AM Best Revises Outlooks to Positive and Affirms Credit Ratings of Aseguradora General, S.A.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Aseguradora General, S.A. ...
Date:
Source: BestWire

Wawanesa Annual Net Income Climbs 68.2%; Chair Cites 'Decisive Action' as Risk, Volatility Rise
Wawanesa faced a "materially more complex, demanding and volatile operating environment" last year, Chair Kay Best said in the Canadian mutual insurer's annual report. Annual net income rose ...
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Source: BestWire

AM Best Upgrades Credit Ratings of Allied Professionals Insurance Company, A Risk Retention Group, Inc.
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Allied Professionals ...
Date:
Source: BestWire

AM Best Revises Outlooks to Positive and Affirms Credit Ratings of Seguros G&T, S.A.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros G&T, S.A. ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings of Seguros El Roble, S.A.
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Seguros El Roble, S.A. (El ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of North End Re Ltd.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings ...
Date:
Source: BestWire

AM Best Maintains Under Review With Developing Implications Status for Garden State Life Insurance Company
AM Best has maintained the under review with developing implications status for the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Garden ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life ...
Date:
Source: BestWire

Colorado Enacts Laws on Prescription Cost-Sharing Rules, Healthcare Subsidies
Colorado enacted bills with up to $140 million for subsidies from the state’s Health Insurance Affordability Enterprise and requiring certain drug purchases count toward cost-sharing ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings of One Alliance Insurance Corporation
AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of One Alliance Insurance Corporation (One ...
Date:
Source: BestWire

Fidelis Launches Global Political Violence, Terrorism Risk Consortium
The Fidelis Partnership said it launched a political violence and terrorism consortium offering up to $345 million of coverage per risk worldwide and $47.5 million of coverage in the Middle ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters
After a chemical leak at the Ames Goldsmith plant in Kanawha County killed two workers and injured dozens more last month, federal investigators quickly arrived in West Virginia to begin piecing together what went wrong. Now, the federal agency tasked …
Date: Friday, June 5, 2026

Colorado Governor Signs Law Aimed at Reduced Homeowners Insurance Costs
Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to …
Date: Friday, June 5, 2026

LinkedIn China Spying Threat Prompts Warning From US, Allies
The US and its “Five Eyes” intelligence partners issued what they said was an unprecedented joint notice warning about attempts by Chinese spies to use websites such as LinkedIn to recruit assets. “China’s military intelligence services are using an increasingly …
Date: Friday, June 5, 2026

Allianz Is Said to Be in Advanced Talks to Buy Portuguese Insurer Caravela
Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter. Allianz is currently discussing a potential acquisition of Caravela Seguros with company shareholders, said the …
Date: Friday, June 5, 2026

Renewals for Most Commercial Lines Decrease in May, Says Ivans
Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial …
Date: Friday, June 5, 2026

Howard Hughes Holdings Completes $2.1B Acquisition of Re/insurer Vantage Group
Vantage Group Holdings Ltd., the Bermuda-based specialty re/insurer, announced it has been successfully acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The all-cash acquisition of Vantage anchors HHH’s strategy to transform itself into a diversified holding company, …
Date: Friday, June 5, 2026

United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap
The first officer on a United Airlines Holdings Inc. plane that struck a light pole while landing at Newark Liberty International Airport last month told safety investigators that he warned his captain that the aircraft was “slow and a little …
Date: Friday, June 5, 2026

US House Lawmakers Release Draft Bill to Prohibit State AI Rules
A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, …
Date: Friday, June 5, 2026

Viewpoint: Shopping for Cyber Insurance? Start With the End in Mind
The moment a cyber incident hits, the nature of the insurance relationship becomes clear. A policy is only as valuable as the team behind it, and the right claims partner can make an otherwise stressful situation manageable, guiding your client …
Date: Friday, June 5, 2026

Big ‘I’ Launches New TrustedChoice.com Agency Locator
The Independent Insurance Agents & Brokers of America (the Big “I”) said it launched its new TrustedChoice.com agency locator to help consumers find and connect with local independent agents. Available to all Big “I” member agencies, the all-new agency locator …
Date: Friday, June 5, 2026

IBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. …
Date: Friday, June 5, 2026

People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker
Delos Appoints Schween CTO Delos Insurance Solutions has appointed Brian Schween to the role of chief technology officer. Schween has extensive technology experience in the insurance industry, having had several C-level roles in a variety of organizations. Currently operating in …
Date: Friday, June 5, 2026

Newsrooms Sue Leaders of Penn State Trustees Over ‘Gag Policy’
Spotlight PA and two other news organizations are suing leaders of the Penn State Board of Trustees in federal court, accusing them of violating the First Amendment by controlling what individual trustees can say to the public and the press. …
Date: Friday, June 5, 2026

Fatal Virginia Bus Crash Raises Questions About Bus Safety, Driver and Company
A commercial bus crash in Virginia that killed five people and injured dozens of others has raised questions about the driver, the company that employed him and the overall safety of the industry. It’s not yet clear what could have …
Date: Friday, June 5, 2026

UK’s Betfair Fights Landmark Lawsuit on Duty of Care to Gamblers
British gambling company Betfair is fighting a landmark London lawsuit that could determine whether betting companies owe a duty of care to problem gamblers, in a case that opened on Thursday and is being closely watched by the industry. The …
Date: Friday, June 5, 2026

After Multiple Settlements, Judge Delays Civil Trial Over Baltimore Bridge Collapse
A federal judge agreed Monday to postpone a civil trial over the 2024 collapse of Baltimore’s Francis Scott Key Bridge after a flurry of last-minute settlements resolved most of the remaining claims. U.S. District Judge James Bredar expressed frustration about …
Date: Thursday, June 4, 2026

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