Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best Finds Captive Insurers Turn to Property as Commercial Market Tightens
Adrienne Stark, associate director, AM Best, reviews key themes from the Cayman Captive Forum 2025, including artificial intelligence adoption, property coverage expansion, and Cayman's role as a ...
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Source: BestWire

Mutual Insurer Amica Appoints Human Resources Chief to Succeed Retiring COO
Amica Mutual Insurance Co. said Chief Human Resources Officer Sam Palmisano will succeed retiring Chief Operations Officer Ted Murphy on Jan. 1. Palmisano will be succeeded as human resources ...
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Source: BestWire

Health Insurers, Lawmakers Split on AI White House Order Barring State AI Regulations
Insurance industry stakeholders and state lawmakers are offering mixed reactions to President Donald Trump's Dec. 11 executive order that aims to create a national regulatory framework around the use ...
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Source: BestWire

AM Best Withdraws Credit Ratings of Southern General Insurance Company
AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b+” (Marginal) from “bb-” (Fair) of Southern ...
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Source: BestWire

Mutual Penn National Appoints Successor to Retiring President and CEO
Mutual property/casualty carrier Penn National Insurance said Senior Vice President of Insurance of Operations John Foster will assume the presidency on Jan. 5 from Robert Brandon and take on his ...
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Source: BestWire

AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius ...
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Source: BestWire

AM Best Comments on Credit Ratings of Hildene Re SPC, Ltd.
AM Best has commented on the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hildene Re SPC, Ltd. (Hildene Re) (Cayman Islands) remain unchanged ...
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Source: BestWire

AM Best Places Credit Ratings of SILAC Insurance Company Under Review With Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of SILAC Insurance Company (SILAC) (Salt ...
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Source: BestWire

Arizona Court Mulls Centene’s Motion to Move Discrimination Lawsuit to Arbitration
The Superior Court of Arizona for Maricopa County is considering Centene Corp.'s motion to move a discrimination lawsuit filed by a group of health providers out of the courts and into ...
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Source: BestWire

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of National Security Insurance Company
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of National Security ...
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Source: BestWire

Illinois Appeals Court: Life Insurers Exempt From State’s Genetic Privacy Laws
An Illinois appeals court dismissed a pending class-action lawsuit against State Farm Life Insurance Co. alleging that the insurer violated the state's genetic information privacy laws in connection ...
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Source: BestWire

Best's Review Looks at New Actuarial Guideline, New Challenges
In its December issue, Best’s Review examines the impact of Actuarial Guideline 55, which was adopted by the National Association of Insurance Commissioners (NAIC) earlier this year. According to the ...
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Source: BestWire

IQUW Names Head of New Cyber, Financial Lines Effort in Bermuda
IQUW Bermuda has appointed Tristram Prior to lead the launch of its directors and officers, financial institutions and cyber insurance products in Bermuda. Currently lead underwriter in London, ...
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Source: BestWire

Iowa AG, Others File Friend of the Court Brief Supporting Athene in PRT Lawsuit
Iowa Attorney General Brenna Bird, joined by counterparts in eight other states, filed an amici curiae brief urging a federal appeals court to dismiss a lawsuit over a pension risk transfer ...
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Source: BestWire

Weekly Podcast Highlights - Dec. 12
A discussion with North Carolina's deputy insurance commissioner and several 2026 outlooks are among the insurance industry podcasts this week. This week's currently scheduled AM Best Audio ...
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Source: BestWire

AM Best Affirms Credit Ratings of Manulife Financial Corporation and Its Subsidiaries
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 the life/health (L/H) insurance subsidiaries ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Man Sentenced for Flashing Three Insurance Agencies in Georgia
A man convicted of flashing workers at three insurance agencies in Warner Robins, Georgia, has been sentenced to 15 years in prison. Demarcus Tyrell Mann, 30, pleaded guilty but mentally ill in October, after he was arrested for public indecency …
Date: Friday, December 12, 2025

Black Lung Benefits Denied; Discrimination Claim Against UPS Shot Down by Court
A federal appeals court, one step below the U.S. Supreme Court, handed down two rulings in favor of employers and insurers, one involving black lung and one regarding a black delivery driver. In Keith McKnight vs. United Parcel Service, the …
Date: Friday, December 12, 2025

NAIC Elects New Officers for 2026; Virginia’s White President
At the conclusion of its fall national meeting, the National Association of Insurance Commissioners elected new officers for 2026, with Virginia Insurance Commissioner Scott A. White slated to become president. White has been insurance commissioner of Virginia since 2018. He …
Date: Friday, December 12, 2025

Missouri Attorney General Charges Carpenter for Fraud
Missouri Attorney General Catherine Hanaway announced that her Office has filed felony charges against Jeffrey Griffin, operating as Griffin Quality Construction in Western Missouri and Eastern Kansas, for allegedly defrauding consumers by accepting payments for staircase repair service that he …
Date: Friday, December 12, 2025

Rise of AI Impacts Grand Rapids Region, Companies Face Talent and Market Challenges
West Michigan remains a leader in job and population growth across Michigan, but there are signs momentum has slowed amid staffing challenges, tariffs and the rise of artificial intelligence. Forty-six percent of Grand Rapids-area companies said in 2025 they were …
Date: Friday, December 12, 2025

Washington Faces Historic Floods That Have Washed Away Homes And Stranded Families
Days of torrential rain in Washington state caused historic floods that have stranded families on rooftops, washed over bridges and ripped at least two homes from their foundations, and experts warned that even more flooding expected Friday could be catastrophic. …
Date: Friday, December 12, 2025

State Farm Files for Auto Rate Decrease, Homeowners Rate Increase in Louisiana
More than one million State Fam auto insurance policyholders in Louisiana should see a decrease in premiums in 2026, as Insurance Commissioner Tim Temple approved the carrier’s request for a 5.9% average rate decrease. State Farm is the largest personal …
Date: Friday, December 12, 2025

South Carolina’s Abandoned Nuclear Plants Could be Revived as Firm Offers $2.7B
South Carolina’s stalled nuclear power project could finally finish construction as a private company has offered to pay $2.7 billion to the state-owned utility and a small share of the power if they can reach an agreement to get the …
Date: Friday, December 12, 2025

Climate Change Is Straining Alaska’s Arctic, But A Mining Road May Push It Past The Brink
Ice blocks drift past Tristen Pattee’s boat as he scans the banks of Northwest Alaska’s Kobuk River for caribou. His great uncle Ernest steadies a rifle on his lap. It’s the last day of September, and by every measure of …
Date: Friday, December 12, 2025

Connecticut Builder Charged With Being Workers’ Compensation Scofflaw
The owner of a Connecticut construction firm has been arrested and charged with failing to provide the required workers’ compensation insurance coverage for employees as required by law. According to the state’s Division of Criminal Justice, Lou Milardo, , the …
Date: Friday, December 12, 2025

Trump Signs Order Seeking to Limit State-Level AI Regulation
President Donald Trump signed an order aimed at thwarting state-level regulation of artificial intelligence through lawsuits and funding cuts, handing a win to tech industry leaders who’ve pressed for preemption of local rules. Trump said the measure was necessary to …
Date: Friday, December 12, 2025

What to Expect in 2026: US P/C Results More Like 2024
With premium growth slowing to around 3% or 4%, and hurricane activity likely returning to normal levels, analysts at Fitch Ratings foresee 2026 underwriting results for property/casualty insurers lining up with results for 2024. Tana Marcom and Chris Grimes, both …
Date: Friday, December 12, 2025

Viewpoint: Legal Finance and Insurance – From Confusion to Collaboration
We knew we were important to the insurance industry—but we didn’t understand why. Legal finance has become a lightning rod in insurance industry conversations about social inflation and claims costs, yet the substance of what we do remains widely misunderstood. …
Date: Friday, December 12, 2025

Apollo Sees Echoes of Collapse of SVB in US Insurance’s Shift to Caymans
Apollo Global Management Inc. compared the potential risks of some US insurers moving to the Cayman Islands with the swift collapse of Silicon Valley Bank, which triggered a crisis among regional lenders. The British overseas territory is the “home of …
Date: Friday, December 12, 2025

People Moves: DUAL Europe Names Berhault and Benajiba to Lead Europe Transactional Liability; AXIS Taps LSM’s Edwards as Head of Delegated Strategy, Global Mkts
This edition of International People Moves details appointments at the MGA DUAL Europe and AXIS Capital Holdings. A summary of these new hires follows here. DUAL Europe Names Berhault and Benajiba to Lead Europe Transactional Liability DUAL Europe, the managing …
Date: Friday, December 12, 2025

Reddit Sues Australia Over Social Media Ban, Citing Free Speech Threat
Message board website Reddit on Friday filed a lawsuit in Australia’s highest court seeking to overturn the country’s social media ban for children, calling it an intrusion on free political discourse and setting the stage for a protracted legal battle. …
Date: Friday, December 12, 2025

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