Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best: UAE Insurers Navigate Geopolitical Tensions Following Strong Financial Year
Saad Abbasi, financial analyst, AM Best, discusses a new Best's Market Segment Report that finds, while regional conflict creates macroeconomic uncertainty, its direct impact on core underwriting ...
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Source: BestWire

Best's News: AM Best on Social Inflation Meets Economic Inflation
AM Best Senior Director Sridhar Manyem discussed a presentation he gave at RIMS RISKWORLD in Philadelphia. It looked at how combined social and economic inflation are creating challenges for the ...
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Source: BestWire

AM Best: Warsh’s Fed Leadership Could Be Shift Toward Leaner Central Bank Intervention
AM Best Director Ann Modica explains how Kevin Warsh could steer the U.S. Federal Reserve toward a smaller balance sheet, stricter limits on quantitative easing, and a more traditional approach to ...
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Source: BestWire

Cayman-Based Global Captive Management Expands Into US With Approvals in Two States
Cayman Islands-based Global Captive Management Ltd. said it is entering the U.S. onshore market following approvals in Tennessee and South Carolina. GCM, which has been primarily focused on ...
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Source: BestWire

Aon: Hundreds of Millions of Dollars in Mid-May Storm Losses Possible; 4.75-Inch Hail Hits Texas
Large hailstorms pummeled Oklahoma and Texas May 8-10, causing significant property damage and insured losses, according to Aon. It estimated potential insured losses in the hundreds of millions ...
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Source: BestWire

Pacific Life Re Appoints Head of Underwriting and Claims, Protection, Europe
Pacific Life Re has appointed Febby Mulewa as head of underwriting and claims, protection, Europe. Mulewa will work closely with the underwriting and claims teams globally to help drive ...
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Source: BestWire

RenaissanceRe Appoints Successor to Retiring CFO
RenaissanceRe Holdings Ltd. has appointed Matthew Neuber to succeed Robert Qutub as chief financial officer, in addition to his role as corporate treasurer. David Marra, currently group chief ...
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Source: BestWire

Weekly Podcast Highlights - May 15
Cayman Islands Premier André Ebanks discusses that expanding role of reinsurance in the nation's economy with AM Best, as part of the week's insurance industry podcast highlights. This week's AM ...
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Source: BestWire

AM Best Affirms Credit Ratings of Berkshire Hathaway Life Insurance Company of Nebraska and First Berkshire Hathaway Life Insurance Company
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” (Superior) of Berkshire Hathaway Life Insurance Company of ...
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Source: BestWire

AM Best: Social Inflation Meets Economic Inflation
AM Best Senior Director Sridhar Manyem discussed a presentation he gave at RIMS RISKWORLD in Philadelphia that looked at how combined social and economic inflation are creating challenges for the ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Jacana Re Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Jacana Re Limited (Jacana Re) (Guernsey). Jacana Re is a subsidiary of ...
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Source: BestWire

Neptune Insurance Announces Public Offering Pricing and Size
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, said certain security holders will now sell 9.84 million shares of Class A common stock for $27.50 per ...
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Source: BestWire

New NAIC Group Probing National Childcare ‘Liability Insurance Crisis’
The National Association of Insurance Commissioners launched a new working group to explore challenges and potential solutions for what some trade groups describe as a national liability insurance ...
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Source: BestWire

AM Best Affirms Credit Ratings of Nectaris Re Ltd.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris ...
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Source: BestWire

Lloyd's Exec Warns of Secondary Effects of Middle East Exposure for Markets
Lloyd’s doesn't expect the Middle East conflict to be a capital event for the market based on exposures in the region and damages observed to date, a Lloyd's executive said. The current view is ...
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Source: BestWire

Pelagos Swings to First-Quarter Net Income; Bridge Collapse Impacts Reserve Development
Pelagos Insurance Capital Ltd. improved to a first-quarter $108 million net income, compared with a $42.5 million net loss a year earlier, when it was known as Fidelis Insurance Holdings. A ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Walmart to Pay $230K in Illinois Disability Hiring Discrimination Settlement
Walmart agreed to pay $230,000 and furnish other relief to settle a disability hiring discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s suit, a deaf applicant applied online for …
Date: Friday, May 15, 2026

Oil Tankers Transiting Strait of Hormuz Since Start of Iran War
The U.S. has maintained a blockade of Iranian ports, while Iran lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz, which typically handles roughly one-fifth of the world’s oil supply. Here’s a look …
Date: Friday, May 15, 2026

Allianz’s PIMCO, L&G Sued in Scrap Over €1.2 Billion Brussels Tower
PIMCO and Legal & General Group Plc have been accused of placing “undue pressure” on property valuers in a bitter scrap over the future of a famous Brussels skyscraper whose owner has collapsed into insolvency. The owner of The Finance …
Date: Friday, May 15, 2026

Women’s Board Representation Slips Below 30% as Momentum Stalls
he share of women on the boards of mid-sized and large public companies dipped below 30% in the first quarter, missing that threshold for the first time since 2024, and down from a peak of 30.4% a year ago. In …
Date: Friday, May 15, 2026

Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
Date: Friday, May 15, 2026

Georgia Insurance Agent Kept Comp Premiums, Gave Fake COIs, Board Says
A Georgia insurance agent whose license expired a year ago has been charged with diverting workers’ compensation premiums from businesses and providing falsified certificates of insurance. Lucy Margarita Suarez, 33, of Dalton, Georgia, was arrested in Miami and returned to …
Date: Friday, May 15, 2026

NH House Passes Self-Insurance for Childcare, Behavioral Health Businesses
On the last day to vote on bills, the New Hampshire House of Representatives passed a bill aimed at reducing liability insurance costs for care professionals. Senate Bill 614 establishes “multiple-caregiver self-insured risk coverage arrangements” for childcare, day care, foster …
Date: Friday, May 15, 2026

Finland’s First Drone Scare Near Helsinki Disrupts Flights
Finland warned the public of drones possibly entering its airspace, for the first time near Helsinki, in the early hours of Friday. Flights were disrupted at the country’s biggest airport, Helsinki-Vantaa, and about 1.8 million residents of southern Finland were …
Date: Friday, May 15, 2026

Stomach Bugs, Not Hantavirus, Are the Bigger Threat on Cruises
Stomach bugs on cruise ships recently hit a nearly two-decade high as more people than ever board the vessels, underscoring how easily viruses spread on contained voyages. While cruises are in a global spotlight after a rare hantavirus outbreak killed …
Date: Friday, May 15, 2026

Iran’s Threats to Hormuz Undersea Cables Highlight Vulnerabilites of Data Chokepoints
Early this week, Iranian state-linked media floated a plan to charge the operators of undersea internet cables in the Strait of Hormuz for access to what they say is Iran’s offshore territory. The suggestion comes after Iranian warnings that several …
Date: Friday, May 15, 2026

City of Austin to Pay $35M to Men Wrongly Accused in Yogurt Shop Murders
The city of Austin will pay $35 million to three men and the family of a fourth who were wrongly accused of the 1991 rape and murder of four teenage girls at a yogurt shop, a case that initially sent …
Date: Friday, May 15, 2026

Illinois Man Receives $300K Settlement From Dog Attack
An Illinois man who suffered severe injuries to his hand and fingers in a dog attack received a $300,000 settlement, the law firm John J. Malm & Associates said. The man attacked by two pit bulls while taking his German …
Date: Friday, May 15, 2026

‘Designed To Last’: American Family Launches Reality Competition Series on Hulu
American Family Insurance has launched a branded reality competition series, “Designed To Last,” a first-of-its-kind show that reimagines how to think about protecting homes and families against increasing climate risk. The four-episode series sponsored by American Family Insurance premiered May …
Date: Friday, May 15, 2026

Verisk Report Shows Drop in US Reconstruction Costs in 2Q
Reconstruction cost inflation in the U.S. cooled in the second quarter, offering a bit of relief for insurers and businesses.
Date: Friday, May 15, 2026

Bank of Canada Sees AI as Possible Boost to Country’s Ailing Productivity
The Bank of Canada struck an optimistic tone on the economic impact of artificial intelligence, arguing that widespread adoption of the technology will boost the country’s ailing productivity without significant job losses. In her first speech as external deputy governor, …
Date: Friday, May 15, 2026

Tennessee Solar Ranch Aims to Prove Grazing Under the Panels Is Sunny Side Up
From a distance, the small solar farm in central Tennessee looks like others that now dot rural America, with row upon row of black panels absorbing the sun’s rays to generate electricity. But beneath these panels is lush pasture instead …
Date: Friday, May 15, 2026

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