Insurance Level News and Press

AM Best Rating Acitivity and News

Florida Approves Three More Homeowners Writers, Boosting Post-Reform Number to 20
Three more property/casualty carriers are entering a market where competition is thriving since legislative reforms were enacted, according to Florida Insurance Commissioner Mike ...
Date:
Source: BestWire

Oklahoma Hosting Homeowners Market Hearing Following File, Use Bill Signing
The Oklahoma Department of Insurance said it will host a hearing on competition in the state’s home insurance market, an announcement triggered by the recent enactment of file-and-use ...
Date:
Source: BestWire

Allstate: Pretax Cat Losses Could Reach $870 Million in April, Largely From Two Events
Allstate Corp. incurred an estimated $870 million in pretax catastrophe losses in April from 10 wind-and-hail events, it said. Two events were notably damaging, generating about 70% of the ...
Date:
Source: BestWire

Connecticut Eases Rules for E&S Lines Placement
Connecticut enacted a law eliminating due-diligence requirements and related documentation rules agents and brokers had to follow prior to placing a risk in the excess and surplus lines ...
Date:
Source: BestWire

European Firm Orvia Underwriting Enters Dutch Market Aimed at High Net Worth Business
Pan-European managing general agent platform Orvia Underwriting has entered the Dutch market, as it transitions to a scalable, international organization. Orvia Underwriting said in a statement ...
Date:
Source: BestWire

Providence Health Plan Exiting Most Insurance Lines in 2027
Providence Health Plan said it will exit most of its health insurance lines of business starting in 2027. The company said the decision will affect its individual, family, employer group and ...
Date:
Source: BestWire

Acrisure Plans to Lay Off 11% of Workforce as Tech, AI 'Fundamentally' Change Business
Global broker Acrisure plans to lay off about 11% of its workforce as advancing technology and artificial intelligence fundamentally changes how businesses operate, according to a memo distributed to ...
Date:
Source: BestWire

Markel Insurance Names Head of Fine Art and Specie
Markel Insurance has appointed Danny O’Donoghue to head of fine art and specie, effective immediately. O’Donoghue will be based in London and will be responsible for leading the strategic and ...
Date:
Source: BestWire

MGA Platform Sands Point Risk Acquires Launch Environmental Underwriters
Multi-program managing general agent platform Sands Point Risk has acquired Launch Environmental Underwriters in what the company said is its largest acquisition to date. Sands Point said Launch ...
Date:
Source: BestWire

Generali Exec Eyes Inflation as Portugal's Storm Kristin Exceeds Loss Budget
Assicurazioni Generali S.p.A. is wary of inflation linked to rising oil prices but sees opportunities for property/casualty pricing while Portugal's Storm Kristin exceeded the group's first-quarter ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Nacional de Seguros S.A. Compañía de Seguros Generales
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Nacional de Seguros S.A. Compañía de Seguros Generales (Nacional de Seguros) ...
Date:
Source: BestWire

Weekly Calendar: AM Best Participating in Several Events, Including the CAS Seminar on Reinsurance
AM Best will be participating in several notable events, including the Mercado Asegurador Reinsurance Seminar in Buenos Aires, the 2026 CAS Seminar on Reinsurance, the Philippine Insurance Summit ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings for Members of Healthcare Providers Insurance Group
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 Healthcare Providers ...
Date:
Source: BestWire

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

Markel, Willis Launch Nuclear Facility Amid Rising Energy Demand
Markel International and broker Willis launched an insurance facility to provide capacity for the nuclear sector amid rising energy demand. The facility will provide capacity for nuclear ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Dubai Insurance Company (PSC)
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Dubai Insurance Company (PSC) (DIN) (United Arab Emirates). The ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Arkansas Lawsuit Alleges Discrimination by White Nationalist Group in Land Sale
A real estate broker says an organization denied her the opportunity to purchase land in an Arkansas development because of her Jewish ancestry, and because she has a Black husband and biracial children, according to a lawsuit filed Wednesday in …
Date: Friday, May 22, 2026

People Moves: Howden Names Jimenez Leader of US Aviation Practice; Liberty Promotes Hyatt to Head NA Distribution, Client Engagement
Howden, the global insurance broking group, launched its new U.S. Aviation Practice, led by Julio Jimenez, aviation practice leader. Jimenez is a seasoned leader whose ability to build and inspire teams is matched by his experience and expertise across the …
Date: Friday, May 22, 2026

Markets/Coverages: Canopius Launches Cyber-Triggered Spoilage Cover for Perishable Stock
Canopius Group, the London-based specialty and property/casualty re/insurer, announced the launch of a spoilage product, a cyber-triggered spoilage cover designed to protect businesses when a cyber incident renders their perishable stock unsellable. When cyber incidents impact the systems that manage …
Date: Friday, May 22, 2026

Airbus, Air France Found Guilty of Manslaughter Over 2009 Atlantic Crash
Airbus and Air France were found guilty on Thursday of corporate manslaughter by a Paris appeals court over the 2009 Rio-Paris plane crash that killed 228 passengers and crew, three years after being acquitted in a lower court. “Justice has …
Date: Friday, May 22, 2026

Meta Settles First Case Over School Costs Tied to Youth Mental Health: Court Filing
Meta Platforms on May 21 settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement …
Date: Friday, May 22, 2026

Reaction Muted After Former Staffer Details Texts from NC Insurance Commissioner
Reaction to allegations that North Carolina Insurance Commissioner Mike Causey sent suggestive texts to a staff member over several years has been muted. Causey declined to comment to Insurance Journal a day after the Raleigh News & Observer reported that …
Date: Friday, May 22, 2026

People Moves: Commissioner Kuderer to Chair NAIC’s Child Care Insurance Working Group
Washington Insurance Commissioner Patty Kuderer has been selected to chair the National Association of Insurance Commissioners’ new Child Care Insurance Working Group. The new working group will explore possible solutions and make recommendations for state insurance regulators to use with …
Date: Friday, May 22, 2026

What to Know About Midair Collision Between Navy Jets At Idaho Air Show
After the two Navy jets collided in midair, the planes sandwiched together, all four crew members were able to eject and deploy their parachutes, floating down to safety as the aircraft careened into a field, exploding into a fireball. The …
Date: Friday, May 22, 2026

‘Decisive Sign of a Softened Market’: Premiums Decreases Across All Accounts, Says CIAB
For the first time since the third quarter 2017, respondents to a recent quarterly survey said average premiums decreased across all account sizes. During the first three months of 2026, The Council of Insurance Agents & Brokers (CIAB)’s market survey …
Date: Friday, May 22, 2026

One of World’s Largest Energy Storage Plants Launches in South Dakota
This small city in rural northeastern South Dakota has established itself as an energy hub for the entire Great Plains region, and that reputation has received a big boost by landing what will be among the world’s largest energy storage …
Date: Thursday, May 21, 2026

Markets/Coverages: MGA Rokstone Launches Cargo Stock-Only Cover for Inventory Risk
Rokstone, the international specialty re/insurance MGA, announced the launch of a cargo stock-only program, supported by US$25 million of capacity, to support brokers and their clients with smarter, more flexible coverage and competitive premiums. One of just a handful of …
Date: Thursday, May 21, 2026

AM Best Revises Outlooks to Stable for Missouri Valley Mutual
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance Company (MVMIC) based in Burke, South Dakota. …
Date: Thursday, May 21, 2026

Texas Summer Camps Face Closure Due to New State Regulations
After almost 20 years of bouncing from campground to campground, Orr Family Ministries finally found its home in 2022 on a 12-acre tree-filled campground located on a hill in Colorado County. Kids played in the swimming pool, worshipped by the …
Date: Thursday, May 21, 2026

Update: Iran in Talks With Oman Over Permanent Hormuz Toll System
Iran is discussing with Oman how to set up some form of a permanent toll system that will formalize its control of maritime traffic through the Strait of Hormuz. “Iran and Oman must mobilize all their resources both to provide …
Date: Thursday, May 21, 2026

Texans Hate Data Centers So Much They Are Asking Jesus for Help
In Granbury, Texas, city council meetings begin with a prayer. But at a session back in January, one local invoked the Almighty in a way that would have been unimaginable just a decade ago. “I want to pray in Jesus’ …
Date: Thursday, May 21, 2026

WTW Sues Former Yacht Team, Howden US Over Defection
Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the …
Date: Thursday, May 21, 2026

Cheaper Auto Insurance Zip Code: