Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: Federal Order Could Provide Impetus Toward Stabilizing the Cannabis Insurance Market
AM Best’s David Blades and Alexander Winant discuss a new Best's Commentary that delves into the move to reclassify marijuana under federal law, which could be a significant step for the insurance ...
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Source: BestWire

CEO: Selective Increases Commercial Auto Casualty Loss Cost, Ups Expected Liability Severity
Selective Insurance Group Inc. increased commercial automobile casualty loss cost by nearly 6% and upped its commercial auto liability expected severity trend to about 10%, President and Chief ...
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Source: BestWire

Hospitals, Insurers Seek Acquisition Plan Modification Following Flat Medicaid Rate Proposal
Kaiser Foundation Hospitals and Risant Health Inc. are asking the Pennsylvania regulator to modify plans to acquire Geisinger Indemnity Insurance Co. and related companies due to flat HealthChoice ...
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Source: BestWire

AM Best Affirms Credit Ratings of Factory Mutual Insurance Company, Its Subsidiaries and Affiliate
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) of Factory Mutual Insurance Company (FMIC) ...
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Source: BestWire

Prosperity Life Hires Former Nationwide Exec as President, Retail Life and Annuity
Prosperity Life Group has hired Rona Guymon as president, retail life and annuity. In this newly created role, Guymon will lead the company in pursuit of its primary strategic goal, to grow its ...
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Source: BestWire

Point32Health Appoints EVP, Corporate Strategy and Strategic Partnerships
Point32Health, the parent company of Harvard Pilgrim Health Care and Tufts Health Plan, has appointed Jeff Weiss as executive vice president, corporate strategy and strategic partnerships, and Marti ...
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Source: BestWire

Alabama Insurance Regulator: Growing Litigation Rates Are Pushing Up Costs
An increase in litigation rates and the average amount of settlements in Alabama is pushing claim amounts beyond the rate of inflation, resulting in higher costs for insurers and higher rates for ...
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Source: BestWire

Aon CFO: ILS, Data Center Construction Among Major 2026 Market Drivers
Aon plc will see steady growth from its insurance-linked securities and reinsurance operations in 2026, the broker's chief financial officer said. The broker is also seeing rising growth in its ...
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Source: BestWire

Arthur J Gallagher CEO: Broker Can Place 'Huge Amounts of Cover' Needed by Data Centers
Arthur J. Gallagher & Co. is coordinating its resources to take advantage of the "huge amounts of cover" needed to build new data centers, Chairman and Chief Executive Officer Pat Gallagher said ...
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Source: BestWire

Delaware High Court: Insurers Must Cover $28 Million Settlement Despite 'Bump-Up' Exclusion
A panel of insurers must cover a $28 million directors and officers coverage claim despite their position a "bump-up" provision excluded it, the Delaware Supreme Court ruled. The insurers include ...
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Source: BestWire

PHL Variable Policyholders Seek Intervention Ahead of Liquidation
A group of universal life policyholders is seeking to intervene in the liquidation of PHL Variable Insurance Co., alleging they stand to lose substantial sums of money despite continuing to pay ...
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Source: BestWire

Hartford CEO: Business Segment Growth Led by Small Accounts
Hartford Insurance Group Inc. expects continuing growth in business insurance this year, with a core growth engine in the small business segment both home and abroad, its chief executive officer ...
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Source: BestWire

FCA: Pure Protection Costs Stable, Penetration Rate Needs Work
A review of the United Kingdom’s pure protection market by the Financial Conduct Authority found competition is promoting stable prices in the sector, but the industry could do more to improve the ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Stable for Ocean Harbor Casualty Insurance Company and Its Affiliates
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICRs of ...
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Source: BestWire

Scor Partners With German MGA Baobob Insurance on European Cyber Coverage
The Scor Syndicate at Lloyd's has extended underwriting capacity of German digital risks managing general agent Baobob Insurance to companies with up to €1 billion ($1.19 billion) in annual revenue ...
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Source: BestWire

AM Best Affirms Credit Ratings of Etiqa General Insurance Berhad
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Etiqa General Insurance Berhad (EGIB) (Malaysia). The outlook of ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

California Accelerates Work on EV Rules, Tax Credits That Trump Opposes
California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state’s top air regulator said. California is fighting in the courts and in the U.S. Congress against President …
Date: Friday, January 30, 2026

TDI Investigations Result in $50M for Fraud Victims
The Texas Department of Insurance (TDI) Fraud Unit this week announced that it contributed to insurance fraud investigations landing $50.9 million in court-ordered restitution in fiscal year 2025. More than 20 TDI investigators working across the state looked into 314 …
Date: Friday, January 30, 2026

Michigan AG Secures Judgment Against Contractors Over Consumer Scam
Michigan Attorney General Dana Nessel announced she has secured a default judgment (PDF) against Caltons Lawn Care & Landscaping LLC and its owners, Aron Dean Calton and Leslie Calton, of Kent City, for violating the Michigan Consumer Protection Act. The …
Date: Friday, January 30, 2026

Aon Reports Organic Growth of 6% for 2nd Straight Year
Aon plc reported revenue of $4.3 billion during the fourth quarter of 2025, an increase of $153 million or 4% from $4.1 billion in Q4 2024. For Q4 2025, Aon saw organic revenue growth of 5%, compared with 6% during …
Date: Friday, January 30, 2026

Insurance Journal’s Agency Salary Survey to Close Tuesday, Feb. 3
Don’t miss out on your chance to participate in Insurance Journal’s annual Agency Salary Survey. There’s only a few days left to share your insights on agency compensation trends and more. ALL retail agency owners, principals, producers, CSRs — the …
Date: Friday, January 30, 2026

Detroit-Area Taco Bell Operators Settle Sexual Harassment Lawsuit
Sundance, Inc. and Black River Bells, operators of several Taco Bell restaurants in the metropolitan Detroit area, will pay $100,000 and furnish other relief to resolve a sexual harassment lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal …
Date: Friday, January 30, 2026

Texas Data Centers, Crypto Miners Reduced Power During Storm
Electric Reliability Council of Texas Chairman Bill Flores said Thursday that some data centers and cryptocurrency miners voluntarily curtailed power use during the recent winter storm that strained the state’s grid and others across the country. Data centers supporting artificial …
Date: Friday, January 30, 2026

The Hartford Q4 Net Income Up 33% Led by Business Insurance
Net income at The Hartford increased 33% to about $1.1 billion in the fourth quarter 2025. Property/casualty written premiums increased 5% compared to Q4 2024, led by growth of 7% in the business insurance segment. CEO Christopher Swift said results …
Date: Friday, January 30, 2026

Federal Judge Puts Brakes on New Hampshire Plan to Abolish Car Inspections
A federal court judge has halted New Hampshire’s plan to end motor vehicle inspections. U.S. District Court Judge Landya McCafferty granted a preliminary injunction on January 27 to prevent the state from implementing a new law abolishing the annual inspection …
Date: Friday, January 30, 2026

Florida Committees Approve MGA, Litigation Funding Restriction Bills
Florida legislative committees approved two bills this week that could impact property-casualty insurance in the state. One would put some restrictions on litigation financing and the other would force more transparency on insurers’ payments to managing general agencies. The bills’ …
Date: Friday, January 30, 2026

E&S Premium Growth Moderates Through Nine Months of 2025
The U.S. excess and surplus lines market isn’t growing at the rate it has been, with the premium growth through September 2025 lower than the prior year. According to a new report from insurance industry rating agency AM Best, years …
Date: Friday, January 30, 2026

Worries Deepened in South After Days of Snow, Ice and Power Outages
Conditions were dire earlier this week in parts of the South still reeling from subfreezing temperatures and widespread power outages as vehicles got stranded for hours on major highways and officials warned that people stuck at home were running out …
Date: Friday, January 30, 2026

Markets/Coverages: Brit Announces Renewal of $200M Cyber Consortium
Brit Group Holdings Ltd. announced the renewal of its cyber consortium — “Brit Cyber Attack Plus” (BCAP) — a cyber product designed to protect clients from a broad range of cyber-related perils, including physical damage. BCAP, led by Brit Syndicate …
Date: Friday, January 30, 2026

North American Risk Professionals See Average 11% Salary Increase
Risk professionals’ salaries have increased an average of 11% since 2023, with chief risk officers/vice presidents of risk management seeing increases of 16%. The increases and other trends in risk management compensation are detailed in the RIMS 2025 Compensation Survey, …
Date: Friday, January 30, 2026

UK Warns of Pancreatitis, Deaths Tied to Obesity Drugs Wegovy, Mounjaro
The UK warned some patients have died of severe inflammation of the pancreas linked to obesity and diabetes drugs such as Eli Lilly & Co.’s Mounjaro and Novo Nordisk A/S’s Wegovy. Though the worst cases of pancreatitis were rare, the …
Date: Friday, January 30, 2026

Crypto Money-Laundering Hit $82 Billion in 2025, Researchers Say
Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday. The fastest-growing category has been Chinese-language money-laundering networks, …
Date: Friday, January 30, 2026

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