Insurance Level News and Press

AM Best Rating Acitivity and News

AIG to Acquire Everest's Colombia Insurance Operations
American International Group Inc. said it agreed to acquire Everest Compañía de Seguros Generales Colombia S.A., Everest Group Ltd.'s insurance subsidiary in Colombia. The acquisition strengthens ...
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Source: BestWire

Prudential Plc Acquires 75% Stake in India's Bharti Life
Prudential plc agreed to acquire a 75% stake in India's Bharti Life Insurance Co. Ltd. as part of a strategic repositioning of its India operations. The group is acquiring Bharti Life from Bharti ...
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Source: BestWire

AM Best to Participate at Casualty Actuarial Society’s Seminar on Reinsurance
AM Best will participate in a panel discussion at the Casualty Actuarial Society’s (CAS) Seminar on Reinsurance, which will take place May 31- June 2, 2026, in Philadelphia, PA. Greg Dickerson, ...
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Source: BestWire

Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability
AM Best has revised its outlook on France’s non-life insurance segment to stable from negative, reflecting top-line growth supported by rate increases, as well as technical profitability in spite of ...
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Source: BestWire

HDI Global Appoints Operations Chief
HDI Global has appointed Thomas Kropp to succeed Thomas Kuhnt as chief operating officer and chief information officer, effective July 1. Kuhnt, has decided to step down from the executive board ...
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Source: BestWire

Federal Bill Would Prohibit Insurers From Owning Pharmacies
The United States Congress is considering legislation that would prohibit health insurers and pharmacy benefit managers from owning pharmacies and force divestitures to sever existing relationships, ...
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Source: BestWire

CopperPoint Agrees to Acquire General Indemnity Group, Expanding Nationally
CopperPoint Insurance Co. said it has agreed to acquire the surety insurance business of General Indemnity Group and its subsidiaries from Boston Omaha Corp. The transaction will expand ...
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Source: BestWire

Odyssey Reinsurance Appoints Co-Chief Underwriting Officers for EMEA
Odyssey Reinsurance Co. appointed Tegwen Gromellon and Anne-Claire Serres as co-chief underwriting officers of its Europe, Middle East and Africa division, effective July 1. They succeed Gaël Le ...
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Source: BestWire

Markel Insurance Appoints Head of Global Development, Trade Credit, International
Markel Insurance, the insurance operation within Markel Group Inc., appointed Sebastian Rice to head of global development, trade credit, international, effective immediately. Rice will work ...
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Source: BestWire

Insurance Industry Supports Massachusetts Prior Authorization Regulations
The Massachusetts Association of Health Plans supports new rules to eliminate prior authorization for routine and essential healthcare services but says more needs to be done to address growing ...
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Source: BestWire

Judge Approves $250 Million Omnicare Sale Amid Bankruptcy Proceedings
A bankruptcy judge approved the $250 million sale of CVS Health Corp. unit Omnicare LLC to GenieRx Holdings LLC, a partnership between a private equity firm and healthcare investment and management ...
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Source: BestWire

Nationwide Exec: Commercial Auto Investing More in Risk Management Tech, Including AI Dash Cams
Commercial vehicle policyholders are much more willing to invest in technology and training to reduce risk because they understand the environment they're working in, according to Ken Anderson, ...
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Source: BestWire

Best's Review Looks at How AI Is Streamlining Underwriting
In its May issue, Best’s Review features a discussion with Zurich North America executives about how automation is transforming the insurance landscape. As artificial intelligence collects and ...
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Source: BestWire

AM Best’s Market Briefing in Milan to Present on Analysis of Insurance and Reinsurance Markets and Current Industry Issues; Guy Carpenter’s Italy CEO to Present
AM Best will deliver its latest perspectives, examining trends in the global (re)insurance industry, together with an outline of Italy’s insurance market segment outlooks, in a market briefing ...
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Source: BestWire

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

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Missouri AG Resolves Litigation with Gas Company After Fatal Explosion
Missouri Attorney General Catherine Hanaway announced that her office has resolved litigation with Liberty Utilities, a gas company that failed to properly mark a gas line in Lexington, leading to the death of a child, numerous injuries, and the destruction …
Date: Tuesday, May 19, 2026

Oklahoma Manufacturer to Pay $4.2M Over COVID Mandate
A G Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, will pay $4,250,000 to over 40 workers and provide other relief to settle a religious and disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …
Date: Tuesday, May 19, 2026

People Moves: Aon Announces Leadership Promotions for EMEA and Latin America; Markel International Promotes Rice to Head of Global Development, Trade Credit
This edition of International People Moves details appointments at Aon in EMEA and Latin America and Markel International. A summary of these new hires follows here. Aon Announces Leadership Promotions for EMEA, Latin America Insurance broker Aon plc announced that …
Date: Tuesday, May 19, 2026

NextEra to Buy Dominion for $67 Billion to Form Power Giant
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. The scope of …
Date: Tuesday, May 19, 2026

Anthropic to Let Partners Share Mythos Cybersecurity Findings With Others
Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who may be exposed to similar vulnerabilities. Mythos, announced on April 7, is being …
Date: Tuesday, May 19, 2026

AIG Agrees to Acquire Everest’s Colombian Operations
American International Group (AIG) announced it has entered into a definitive agreement to acquire Everest Group’s Colombian insurance subsidiary. AIG said the acquisition of Everest Compañía de Seguros Generales Colombia S.A. (Everest Colombia) strengthens its presence in the Latin American …
Date: Tuesday, May 19, 2026

US Farmers Dial Crop Adjusters as Wild Weather Hammers Wheat
From drought to ping-pong size hail and unseasonable warmth, weather extremes have wheat farmers reaching for their phones to ring their insurance adjusters to assess the viability of their crops. Oklahoma farmer Dennis Schoenhals made the call a few weeks …
Date: Tuesday, May 19, 2026

FBI Prepares for Increasing Drone Threats Disrupting World Cup
The FBI plans to deploy roughly 60 specially trained state and local police officers across venues for the FIFA World Cup to detect and electronically disable hostile drones as security officials warn that threats once associated with foreign battlefields are …
Date: Tuesday, May 19, 2026

Tampa Bay Rays and Local Officials Announce Tentative $2.3B Deal for New Ballpark
The Tampa Bay Rays and local officials announced a tentative $2.3 billion agreement on Thursday for a new ballpark funded by public and private money. The nonbinding memorandum of understanding among the Rays, Hillsborough County and the city of Tampa …
Date: Tuesday, May 19, 2026

US Personal Lines Insurers Ask for Less Rate After Period of Catch-Up
It appears as though auto and home insurers have caught up, appropriately matching premium to risk in their portfolios. According to a new report from insurance industry rating agency AM Best, rate increases for homeowners and private passenger auto insurance …
Date: Tuesday, May 19, 2026

California Fire Spread Slows But Dangerous Conditions Linger
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
Date: Tuesday, May 19, 2026

Judge Blocks Trump DOJ’s Demand for Rhode Island Transgender Kids’ Medical Records
A federal judge has blocked the Trump administration’s sweeping demands for confidential transgender patient information from Rhode Island’s largest hospital that provides gender-affirming care to minors. U.S. District Judge Mary McElroy’s Wednesday ruling is the latest setback for the U.S. …
Date: Tuesday, May 19, 2026

Jury Awards $49.5M to Massachusetts Family of Woman Killed in 2019 Boeing Max Crash
A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet in Ethiopia while traveling to her first major assignment. The verdict, reached last …
Date: Tuesday, May 19, 2026

World Bank Prices $200 Million Catastrophe Bond for Jamaica
The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes. The $200 million bond was oversubscribed by investors, the World Bank said in a statement. The deal comes less than a …
Date: Tuesday, May 19, 2026

Starr Europe Insurance Opens Office in Hamburg, Germany
Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further expansion of Starr’s presence in Germany and representing an important milestone in the company’s European growth strategy. The new office …
Date: Tuesday, May 19, 2026

Pollution From Coal Is Hurting Global Solar Output, Study Finds
Pollution from coal-fired power plants that can block sunlight is significantly cutting global solar output, and potentially causing an overestimation of climate progress, according to a new study. Aerosols — tiny particles released from the burning of fossil fuels as …
Date: Tuesday, May 19, 2026

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