Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best to Host Webinar on Monitoring Carrier Financial Strength and Key Industry Developments
AM Best will host a complimentary webinar, titled, “How Insurance Agents and Brokers Can Monitor Carrier Financial Strength and Key Industry Developments” on Thursday, February 26, 2026, at 2:00 p.m. ...
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Source: BestWire

AerCap Recovers $1.5 Billion in Ukraine-Related Aviation Losses
Aviation lessor AerCap Holdings N.V. recovered $1.5 billion in insurance and other losses related to the Ukraine conflict in 2025, bringing its total recoveries to $3 billion with one court case ...
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Source: BestWire

Best’s Market Segment Report: Caribbean Insurers’ Reinsurance Costs and Capacity Constraints Moderate, Although Climate Vulnerability Remains
Reinsurance costs and capacity constraints have moderated for Caribbean insurers amid an accelerated softening in property reinsurance pricing and a modest relaxation in some terms and conditions, ...
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Source: BestWire

Best's News: NAIC Life Group Considering PRT Reinvestment Guardrails
The National Association of Insurance Commissioners Life Actuarial Task Force is considering reinvestment guardrails for group annuities supporting pension risk transfer deals with the goal of better ...
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Source: BestWire

Two Insurers Take In More Than 24,500 Claims From Severe Winter Storms
Two insurers have taken in at least 24,500 winter storm-related claims from a wide swath of states. State Farm said policyholders filed more than 19,500 home and automobile claims after the Jan. ...
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Source: BestWire

Colorado Mulls Health Insurer AI Restrictions for Decision-Making
The Colorado General Assembly is looking at legislation that would place restrictions on health insurers’ use of artificial intelligence and on providers billing for certain AI mental health ...
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Source: BestWire

UK Supreme Court to Hear COVID Business Interruption Claims Appeal
The United Kingdom Supreme Court will hear an appeal in a lawsuit asking whether government payments during COVID-19 can be deducted from business interruption payments. Plaintiffs, which include ...
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Source: BestWire

CNO Financial Seeks to Balance 'Peak 65' With Macroeconomic Uncertainty
Labor market volatility will have an impact on company results but could be ameliorated by the so-called Peak 65 phenomenon, which will see 11,000 Americans turn 65 daily in coming years, said CNO ...
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Source: BestWire

Washington State Senate Unanimously Passes Assignment of Benefits Bill
The Washington Senate unanimously passed legislation that would prohibit post-loss assignment of benefits in property claims, a rule the insurance commissioner called “common sense.” Senate Bill ...
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Source: BestWire

RGA Chief Executive: Group Health Care Exit Follows Strategic Review
Reinsurance Group of America Inc. will exit the group health care line of business following repricing actions as fourth-quarter results were strong in other segments, said its chief executive ...
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Source: BestWire

California Bill Would Allow Lawsuits Against Fossil Fuel Companies Over Climate Disasters
A bill introduced in the California Senate would allow the state attorney general to sue oil and gas companies for losses related to climate change-related disasters. Senate Bill 982, known as ...
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Source: BestWire

AM Best to Participate at the 50th General Assembly and Conference of FANAF
AM Best will participate in the 50th General Assembly and Conference of the Federation of African National Law Insurance Companies (FANAF), which will take place from Feb. 8-11, 2026, in Abidjan, ...
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Source: BestWire

Centene Reports Net Attributable Loss of $1.1 Billion Amid Marketplace 'Uncertainty'
Centene Corp. reported a fourth-quarter net attributable loss of $1.1 billion, driven in part by a $513 million charge for divesting its Magellan Health business and the expiration of federal tax ...
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Source: BestWire

CVS Health Culling 313 Employees From Hartford Operation
CVS Health Corp. is laying off 313 employees who report to the company’s Hartford, Connecticut, facility, the company said. The decision was driven by operational changes to Aetna’s small group ...
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Source: BestWire

Molina CEO: ‘Situational’ California Events, Cost Pressures Drive $160 Million Net Loss
Molina Healthcare Inc. reported a $160 million fourth-quarter net loss, compared with net income of $251 million the year prior, due to two events in the California market and continued cost ...
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Source: BestWire

Rhode Island's Largest Workers' Comp Insurer Suffers Cyberattack
Rhode Island's largest workers' compensation writer was hit by a cyberattack and is working with cybersecurity experts to determine the scope. Beacon Mutual was alerted to suspicious activity on ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Mississippians Without Power for Two Weeks After Winter Storm
Nearly two weeks after an ice storm knocked out power to her home, Barbara Bishop still finds herself trying to flip the lights on and looking in her fridge for food that has since spoiled. Bishop, 79, and her 85-year-old …
Date: Monday, February 9, 2026

EEOC Files to Get NAPA Auto to Comply in Hiring Investigation
The Equal Employment Opportunity Commission (EEOC) last week filed documents in federal court to compel NAPA Auto Parts to comply with a subpoena. Back in May 2024, the EEOC filed a change under Title VII of the Civil Rights Act …
Date: Monday, February 9, 2026

Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed
Insurers through the first nine months of 2025 recorded an underwriting profit of $35.3 billion—far above a $4 billion result at the same point the year prior. As public insurance companies announce fourth quarter and full-year earnings, Verisk and the …
Date: Monday, February 9, 2026

Instagram, YouTube Addiction Trial Kicks Off in Los Angeles
A California state court case over whether Instagram and YouTube harmed a woman’s mental health through addictive app design kicks off on Monday with opening statements, in a test of whether Big Tech platforms can be held liable for harming …
Date: Monday, February 9, 2026

Coupang Confirms More Data Leaks Which South Korean Aide Says Has ‘Shaken’ US Ties
U.S.-listed South Korean e-commerce company Coupang confirmed on Thursday [Feb. 5] that the data of an additional 165,000 users was leaked in a major security breach, which a South Korean government official said had shaken the country’s alliance with the …
Date: Monday, February 9, 2026

Danone Infant Formula Recalls Expand in UK, Ireland
The UK, Ireland and the Netherlands joined a wave of European nations issuing recalls of Danone SA infant formula as the French company’s exposure to the contamination crisis deepens. Some batches of Danone’s Aptamil and Cow & Gate formula brands …
Date: Monday, February 9, 2026

EU to Soften Emissions Curbs on Companies in Flagship Market
The European Union is set to relax emissions-reduction rules for thousands of companies, recalibrating the world’s most rigorous carbon market under pressure from industry and governments concerned about the region’s sinking competitiveness. Before a summit of EU leaders next week …
Date: Monday, February 9, 2026

Portugal Rolls Out €2.5 Billion Aid as Deadly Flooding Spreads
Portugal’s government approved a set of emergency laws to speed reconstruction after deadly flooding, clearing administrative hurdles as part of a €2.5 billion ($2.9 billion) support package in one of the largest disaster-relief efforts ever mobilized by the country. The …
Date: Monday, February 9, 2026

EU Commission Proposes Further Sanctions on Russian Oil Trade and Financial Services
The European Union’s executive arm proposed further sanctions against Russia on Friday over the Ukraine war, including a ban on shipping services that help Moscow’s oil industry and measures targeting the country’s financial services and trade sectors. European Commission President …
Date: Monday, February 9, 2026

TikTok Charged for Breaching EU Rules With App’s Addictive Features
TikTok was charged on Friday with breaching EU online content rules over what the bloc’s regulator said were its addictive features and was told to change the design of its app or risk a fine of as much as 6% …
Date: Monday, February 9, 2026

EU Discloses January Cyberattack That Exposed Some Staff Data
The European Union’s executive arm said it detected a recent cyberattack that may have exposed limited staff contact details, but that no devices were compromised. The incident was detected on Jan. 30 by the central infrastructure team that manages mobile …
Date: Monday, February 9, 2026

Nationwide Acquires Surety, Fidelity Renewal Rights From Main Street America
Columbus, Ohio-based Nationwide announced Feb. 5 that it entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a unit of American Family Insurance. Terms of the deal were not …
Date: Monday, February 9, 2026

US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI
A federal appeals court on Friday rejected a challenge to a move by President Donald Trump’s administration to ban diversity, equity and inclusion programs at federal agencies and businesses with government contracts. A three-judge panel of the Richmond, Virginia-based 4th …
Date: Monday, February 9, 2026

Florida Bill Would Allow High School Class in Place of CSR Ed Requirements
A bill moving swiftly through the Florida House of Representatives could help ease the shortage of customer representatives at insurance agencies by waiving longstanding education requirements. House Bill 1343 would allow insurance customer representatives to forego the courses now required …
Date: Monday, February 9, 2026

Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators
A bill moving steadily through the Florida Legislature has suddenly ignited a storm of controversy, with some insurance agents and brokers worried it could benefit one large brokerage while costing others fees and flexibility on takeouts of Citizens Property Insurance …
Date: Monday, February 9, 2026

Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen
President Donald Trump is demanding a $1 billion payment from Harvard University to end his prolonged standoff with the Ivy League campus, doubling the amount he sought previously as both sides appear to move further from reaching a deal. The …
Date: Monday, February 9, 2026

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