Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Revises Outlooks to Positive for Florida Farm Bureau Group’s Members
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 Ratings of “bbb+” (Good) of Florida Farm Bureau ...
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Source: BestWire

AM Best Affirms Credit Ratings of Pinnacle Life Limited
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Pinnacle Life Limited (Pinnacle Life) (New Zealand). The outlook of these ...
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Source: BestWire

Amynta Group Combines MGA Scion Underwriting Services Into Ambridge Group
Amynta Group said it will expand its specialty casualty business by combining managing general agent Scion Underwriting Services and Ambridge Group to create an integrated offering. The combined ...
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Source: BestWire

Weekly Calendar: AM Best at The Shanghai International Reinsurance Exchange
The Federal Open Market Committee is scheduled to meet and release a policy statement during the week of April 26, while the Bureau of Economic Analysis will release its advance estimate of gross ...
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Source: BestWire

Marsh Risk Appoints Global Logistics Practice Leader
Marsh has appointed Janelle Griffith as global logistics practice leader, Marsh Risk. In this newly created role, Griffith will lead the firm’s global logistics strategy, integrating insights, ...
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Source: BestWire

IBHS Expands Designated Home Wildfire Mitigation Program to 10 More 'Significant Fire Risk' States
The Insurance Institute for Business & Home Safety has expanded its designated home wildfire mitigation program to 10 more states with "significant fire risk," for a total of 14. Insurer demand ...
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Source: BestWire

Allstate Accuses Family, Associated Texas Businesses in $7.9 Million Auto Fraud Scheme
Allstate Insurance Co. is accusing a family and a group of associated businesses in Texas of orchestrating an automobile insurance fraud scheme that generated more than $7.9 million in ...
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Source: BestWire

Hiscox Re CEO: Reinsurance, ILS Strengthened Under Combined Strategy
Hiscox Ltd. has recently combined its reinsurance and insurance-linked securities businesses to more readily deploy capital in a changing market. Kathleen Reardon, chief executive officer, Hiscox ...
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Source: BestWire

Hawaii Hurricane Relief Fund Binds 97 Policies, Forcing Competition, Representative Says
The Hawaii Hurricane Relief Fund has bound 97 policies and generated more than $12 million in premium savings as private carriers lowered rates to remain competitive, a representative from the fund ...
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Source: BestWire

Maryland Legislature Passes Captive Premium Tax Moratorium, Mutual Conversion Bills
The Maryland General Assembly passed bills that will temporarily pause collection of premium taxes from captive insurers of nonprofit organizations and allow certain conversion of certain mutual ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of Trans World Assurance Company
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Trans World Assurance ...
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Source: BestWire

HDI Global Appoints Head of Property Underwriting
HDI Global appointed Philip Beblo as its new head of property underwriting, effective from May 1. Beblo assumes overall responsibility for the worldwide property local risk business of the ...
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Source: BestWire

BHSI Names Successor to Retiring Country Manager, UK
Berkshire Hathaway Specialty Insurance has promoted Jessica Kirby to succeed Nick Major as country manager, United Kingdom, subject to regulatory approval. Major is retiring from the company and ...
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Source: BestWire

Japan Post Takes Minority Stake in Insurance Distributor
Japan Post Insurance Co. Ltd. said it acquired a minority stake in Hoken Minaoshi Hompo, an insurance distributor in Japan. The life and annuities insurer didn't disclose the size of the stake or ...
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Source: BestWire

Human-Focused Insurance, AI-Driven Innovation Take Center Stage at InsurTech Spring Conference
Agentic artificial intelligence, strategic capital deployment, innovation and human-focused insurance were key themes at the 2026 InsurTech NY Spring Conference in New York City. Following is an ...
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Source: BestWire

AM Best: Credit Quality of Annuity Reserves Declined 2007 to 2025 on the Credit Ratings Scale
Jason Hopper, associate director, AM Best, discusses a new Best’s Special Report that shows funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity segment ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You
As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability is on the line. These warnings became more urgent after …
Date: Wednesday, April 15, 2026

Australian MedTech Firm EBR Systems Flags Possible Data Breach of Patient Records
Medical technology firm EBR Systems on Wednesday said a cybersecurity incident detected in February may have resulted in unauthorized access to a small amount of personal health information. The company said it became aware of a network disruption around February …
Date: Wednesday, April 15, 2026

Italy Court Allows Class Action Against Meta Over Facebook Data Scraping
A Milan court on Tuesday accepted a class action brought by a consumer group against Meta Platforms over the theft of personal data suffered by Facebook Italy. According to the court order, the data scraping incident, which took place between …
Date: Wednesday, April 15, 2026

Fire Departments Halt Service Due to Lapse in Workers’ Compensation
Last week, two volunteer fire departments in Vandergrift Borough, Pennsylvania suspended their services because their workers’ compensation insurance policies lapsed. State law requires fire departments to have the coverage. Because of the lapse in insurance, the firefighters could not respond …
Date: Wednesday, April 15, 2026

Update: Trump Says Talks With Iran Could Resume Soon, as US Blockades Iranian Ports
President Donald Trump said talks with Iran to end the war could soon resume and end in a deal, telling the world to watch out for an “amazing two days,” while U.S. forces imposing a blockade turned back vessels leaving …
Date: Wednesday, April 15, 2026

Dutch Insurer Aegon Strikes $2.7B Deal to Sell UK Insurance Business to Standard Life
Aegon has agreed to sell its UK insurance business to Standard Life for a total value of 2 billion pounds ($2.7 billion), the Dutch insurer said on Wednesday. The payment would consist of a cash amount of 750 million pounds …
Date: Wednesday, April 15, 2026

Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025
Insurance claims volumes in the United States declined across most lines in 2025 due at least in part to less severe weather, but risks remain elevated as insurers navigate complex and concentrated claims, according to an annual report from Verisk. …
Date: Wednesday, April 15, 2026

CRC Group Adds Murphy as Casualty Broker; Peachtree Group Names Morey VP
CRC Group, a wholesale specialty insurance distributor, has added a broker to its specialty team, based in Charlotte, North Carolina. Will Murphy has experience in commercial insurance advisory and casualty brokerage, with a focus on business development and client engagement, …
Date: Wednesday, April 15, 2026

With Florida Businesses Facing Higher Costs, is Premium Financing an Answer?
Florida’s population is growing rapidly, with over 23 million residents currently, and a projected growth of approximately 1.24% annually. Florida’s attractive business climate and tax policies, in contrast to states like New York and California, keep its competitive draw for …
Date: Wednesday, April 15, 2026

Bodies of 2 Workers Found Days After Collapse at Hospital Parking Garage
The bodies of two workers trapped when a stairwell roof collapsed at a parking garage under construction in Philadelphia have been found, authorities announced Monday morning. The section of roof at the Children’s Hospital of Philadelphia’s garage fell Wednesday, triggering …
Date: Wednesday, April 15, 2026

Personnel Staffing to Pay $155K in Sex Discrimination Charge
Alabama-based Personnel Staffing Inc., a staffing service for more than 15 southeastern states U.S., will pay $155,000 to a class of female employees, as the result of an investigation by the Equal Employment Opportunity Commission (EEOC). The EEOC said its …
Date: Wednesday, April 15, 2026

Seven States in West Added to IBHS Expands Wildfire Prepared Program
Seven new states in the Western U.S. are now part of a new wildfire preparedness designation program designed to help homeowners and builders in high-risk areas better protect properties and neighborhoods. The states were among 10 added to the Insurance …
Date: Wednesday, April 15, 2026

World Insurance Adds C&A Agency Serving New York’s Diverse Communities
Insurance broker World Insurance Associates LLC reports it acquired the business of C&A Insurance Agency of New York, New York on December 31, 2025. Established in 1985, C&A Insurance provides insurance to individuals, families, and businesses across New York and …
Date: Wednesday, April 15, 2026

People Moves: Marsh Gives CFO McGivney Added COO Role, Names Griffith Global Logistics Lead, Marsh Risk; Costonis Is Resource Pro President of Insurance Solutions
Marsh appoints CFO McGivney as EVP and COO; Names Griffith Global Logistics Practice Leader, Marsh Risk Marsh named Chief Financial Officer Mark McGivney to the additional roles of executive vice president (EVP) and chief operating officer (COO) of the firm, …
Date: Wednesday, April 15, 2026

Vehicle Complexity Complicates Auto Valuation, Says JD Power
The number of unique vehicle configurations sold in the U.S. surpassed 600,000 in the 2025 model year, creating a growing challenge for auto insurers as they work to capture the configuration and replacement value of modern vehicles. JD Power shared …
Date: Wednesday, April 15, 2026

Public Interest Groups Backing California Homeowners Insurance Bills
A coalition of 40 groups ranging from wildfire survivors to environmental to small business to and community organizations called on lawmakers to pass four bills in California Legislature they say will help people buy and keep homeowners insurance coverage. The …
Date: Wednesday, April 15, 2026

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