Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best to Speak and Exhibit at IASA Xchange 2026
AM Best will exhibit at IASA Xchange 2026 in New Orleans, Louisiana, June 7–9, 2026. Visit booth 207 to meet with AM Best representatives and discuss a wide range of products and services, ...
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Source: BestWire

Best’s Special Report: Personal Auto and Homeowners Markets’ Stabilization Evident Despite a Decline in Approved Rate Changes
Average annual rate increases for U.S. private passenger auto and homeowners’ policies shifted back to pre-pandemic levels in 2025, following years of large increases amid elevated losses in each ...
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Source: BestWire

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

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Denver Runway Fatality Reveals A Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
Date: Monday, May 18, 2026

US Sees 27% Increase in Product Recalls in Q1, Report Shows
U.S. product recall activity remained elevated in the first quarter 2026, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the …
Date: Monday, May 18, 2026

PG&E Cuts Power to Some Customers in California on Fire Risk
PG&E Corp. cut power to some customers in California due to dry and windy conditions that have elevated the risk of wildfires. There were 779 outages impacting nearly 57,500 customers as of 9:22 p.m. local time on Sunday, the utility …
Date: Monday, May 18, 2026

Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait
Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs. Dubbed Hormuz Safe, the Iranian …
Date: Monday, May 18, 2026

Justice Department Accuses Yale Medical School of Illegally Using Race in Admissions
The Justice Department last Thursday accused Yale University of illegally considering race in admissions to its medical school — the second institution to face discrimination allegations by the federal agency this month. In a letter to a lawyer for Yale, …
Date: Monday, May 18, 2026

New Virginia Ban on ‘Assault Firearms’ Prompts Lawsuits From Gun-Rights Groups
Virginia Gov. Abigail Spanberger has signed legislation banning the sale and manufacture of certain semi-automatic firearms, prompting immediate lawsuits from gun-rights groups. The limits on ” assault firearms,” as they are described by the legislation, are among two dozen new …
Date: Monday, May 18, 2026

Ebola’s Silent Spread in Congo Exposes Surveillance Gaps
A rare Ebola outbreak that may have circulated undetected in northeastern Congo for several weeks is exposing the difficulty of detecting deadly viruses in regions where malaria, typhoid and other fever-causing illnesses are common and health systems are stretched thin. …
Date: Monday, May 18, 2026

Iran War Saddles Global Companies With $25 Billion Bill – and Counting
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies …
Date: Monday, May 18, 2026

EY Pays Over £100 Million to Settle NMC Health Legal Claim
EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims it was negligent in its audits of the failed firm, according to people familiar with the matter. NMC sued EY …
Date: Monday, May 18, 2026

Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court
China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland China and Hong Kong affiliates, among the largest corporate claims ever sought in the city. Of the total amount, liquidators …
Date: Monday, May 18, 2026

UK Firms Should Take Steps to Limit Risks From Frontier AI Models, UK Says
British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country’s finance ministry, the Bank of England and the Financial Conduct Authority regulator said on Friday. “The cyber capabilities of current frontier AI …
Date: Monday, May 18, 2026

Disaster Resilience Investment Has Touched $100 Billion in Asia
Governments, investors and banks have poured about $100 billion into efforts to handle the effects of climate change in Asia in the past five years, with water and infrastructure projects attracting the majority of the capital. More than 90% of …
Date: Monday, May 18, 2026

Consumers Sue Amazon for Not Refunding Trump Tariff Costs
Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by President Donald …
Date: Monday, May 18, 2026

Snap, YouTube, TikTok Settle School Suit Targeting Social Media
Snap Inc., Google’s YouTube and ByteDance Ltd.’s TikTok reached agreements to settle the first lawsuit headed to trial over claims that addiction to top social media platforms has disrupted learning and pushed public schools to spend massive sums fighting a …
Date: Monday, May 18, 2026

People Moves: Artificial Labs Appoints Joost to Lead US Expansion; Longbrook Names Sherry Head of Transactional Liability
Artificial Appoints Joost as President Leading US Expansion Artificial Labs (Artificial), headquartered in London, appointed Eric Joost as president, leading its U.S. expansion. Joost joins Artificial’s leadership team, supporting the overall business. He will be responsible for shaping the company’s …
Date: Monday, May 18, 2026

Safepoint Exec Pay, Slide’s Stock Sell-Offs Getting Attention in Florida
When Tampa-headquartered Slide Insurance filed for an initial public offering in June 2025 and disclosed executive compensation topping $40 million, it triggered some sniping and some intense scrutiny of the Florida property insurance industry that continues a year later. In …
Date: Monday, May 18, 2026

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