Insurance Level News and Press

AM Best Rating Acitivity and News

Multiple Line Insurer Plateau Plans Expansion After Rebranding as Lumos
Multiple line insurer the Plateau Group has rebranded as Lumos Insurance after strengthening its systems, operations and governance. "Now we're ready to grow responsibly in both our core markets ...
Date:
Source: BestWire

Howden US Hires Lockton Exec as Managing Director, Alternative Risk and Captives
Howden, a global insurance broker, appointed Philip Stack as managing director, alternative risk and captives, Howden U.S. In his new role, Stack will advise clients on optimal insurance program ...
Date:
Source: BestWire

Kansas Insurance Regulator: Storm-Claim Costs Nearly Doubled Since 2023
The amount paid by insurers in Kansas to cover damage from severe storms nearly doubled from 2023, reaching $879.07 million in 2025, the insurance regulator said. This past year saw a total of ...
Date:
Source: BestWire

AmMetLife Berhad Appoints Chief Executive
AmMetLife Insurance Berhad appointed Wan Saifulrizal Wan Ismail to succeed Rangam Bir as the company’s chief executive officer. Bir has left the company to pursue other opportunities. Wan has ...
Date:
Source: BestWire

Heritage Fourth-Quarter Combined Ratio Improves; CEO Says Florida Market 'Very Profitable'
Fourth-quarter net income tripled at Heritage Insurance Holdings Inc. to $66.7 million, boosted by a 27.7-point improvement in the combined ratio. Florida is "very profitable" and profits are up ...
Date:
Source: BestWire

Oklahoma Regulator Approves CompSource Reorganization Plan Amidst Legal Challenge
The Oklahoma Department of Insurance approved a plan that will see CompSource Mutual Insurance Co. convert to a stock insurer, a move that has drawn legal challenges. The conversion would allow ...
Date:
Source: BestWire

Lockton China Hires Aon Exec as Chief Executive
Lockton hired Livy Dai as the new chief executive officer of Lockton China, based in Shanghai. Livy has almost 30 years of risk management and insurance brokerage experience. His expertise spans ...
Date:
Source: BestWire

State Farm Strikes Three-Party Settlement on California Emergency Rate Request
The California insurance regulator, the consumer intervenor and State Farm General Insurance Co. have reached a settlement agreement for the insurer’s emergency interim rate request, which will ...
Date:
Source: BestWire

New York Lawmakers Mulling Assignment of Benefits Prohibitions
A bill was introduced in the New York Senate that would limit and eventually prohibit post-loss assignment of benefits agreements, which the state insurance trade said can remove policyholders from ...
Date:
Source: BestWire

MGA Dual in Partnership With Liberty Mutual Unit on Property, Financial Lines in Latin America
Managing general agent Dual said its Latin America business has entered into a partnership with a unit of Liberty Mutual Insurance Group on property and financial lines in the growing ...
Date:
Source: BestWire

Santam Raises 2025 Profit, Trims Specialty Premiums on Soft Rates
Santam Ltd. posted a 10% rise in 2025 net income on improved underwriting margins in both personal and commercial lines as catastrophe losses moderated and international premiums rose 14%. All ...
Date:
Source: BestWire

Generali Sells Irish Property/Casualty Operations to Zurich for $389.6 Million
Generali Group said it agreed to sell its Irish and Northern Irish property/casualty operations, to Zurich Insurance Europe AG and Zurich Insurance Co. Ltd.'s U.K. branch for €337 million ($389.6 ...
Date:
Source: BestWire

Best’s Special Report: Catastrophe Bond Market Growth Accelerates as Loss Multipliers Compress
A new AM Best report suggests that the insurance-linked securities (ILS) market will continue to grow in 2026, perhaps at a slower rate than last year with investors taking profits instead of ...
Date:
Source: BestWire

Best's News: Rising Gold Prices Spur Under-Insurance, Claims Severity for Insurers
Rising gold prices have proven thorny for the insurance industry and its consumers to navigate, as the pace of the increases opens a gulf between policy limits and replacement costs, according to ...
Date:
Source: BestWire

Florida Senate Passes Bill Allowing Surplus Carriers to Assume Commercial Citizens Policies
The Florida Senate passed legislation that would create a clearinghouse for Citizens Property Insurance Corp. commercial policies and allow surplus lines insurers to participate in the depopulation ...
Date:
Source: BestWire

Aon Appoints Global Head of Analytics for Reinsurance Solutions
Aon plc named George Attard as global head of analytics for reinsurance solutions, in addition to his role as chief strategy officer for reinsurance solutions. In his expanded role, Attard will ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Oracle and OpenAI End Plans to Expand Flagship Data Center
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and …
Date: Tuesday, March 10, 2026

Iran Says Oil Blockade Will Continue Until Attacks End; Trump Threatens Heavier Strikes
Iran’s Revolutionary Guards said on Tuesday they would not let any oil be shipped from the Middle East if U.S. and Israeli attacks continue, prompting President Donald Trump to say the U.S. would hit Iran much harder if it blocked …
Date: Tuesday, March 10, 2026

Update: Ship Clusters and Speeding Tankers Point to Hormuz Jamming
At least a dozen clusters of ships have appeared near the Strait of Hormuz, a likely sign of elevated electronic interference around the waterway that’s central to the US and Israeli war against Iran. The groups, which can number more …
Date: Tuesday, March 10, 2026

Louisiana Regulation Sets Mandatory Discounts for Fortified Homes
A new regulation requires Louisiana insurers to provide premium discounts to residential properties that obtain a Fortified designation in accordance with standards put forth by the Insurance Institute for Business and Home Safety (IBHS). Fortified homes in the central and …
Date: Tuesday, March 10, 2026

7th Circuit: Church Not Owed Replacement-Cost Payment for Fire Damage
An Indiana church that sought payment at replacement-cost level for fire damage to its property learned the hard way that procrastination can carry a price tag when it comes to settling insurance contracts. A federal appeals court ruled last week …
Date: Tuesday, March 10, 2026

Man Receives 7 Years in Prison for Setting Fire Due to Anger Over TikTok Ban
A Wisconsin man who allegedly told police he tried to set fire to a Republican congressman’s office last year because he was angry that the lawmaker backed a bill requiring TikTok’s Chinese owner to sell off its U.S. operations was …
Date: Tuesday, March 10, 2026

Carriers Using AI for Claims But Adoption is Fragmented, Report Shows
Excitement about adopting artificial intelligence technology is palpable in the insurance industry, but the reality is that while most carriers use artificial intelligence technology, few use AI at more than a small scale— and the vast majority of adjusters say …
Date: Tuesday, March 10, 2026

Insurify’s Founders Discuss Evolution of Insurance Shopping With AI
To coincide its 10-year anniversary, Insurify launched what it called the first ever insurance app on OpenAI’s directory, which caused the stocks of brokers to take a hit due to disruption fears. Well, that’s not exactly true. While Insuify did …
Date: Tuesday, March 10, 2026

Anthropic Sues to Block Pentagon Blacklisting Over AI Use Restrictions
Anthropic on March 9 filed a lawsuit to block the Pentagon from placing it on a national security blacklist, escalating the artificial intelligence lab’s high-stakes battle with the U.S. military over usage restrictions on its technology. Anthropic said in its …
Date: Tuesday, March 10, 2026

Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill
The Florida House of Representatives Monday night gave final approval to a Senate bill that will set up a clearinghouse to help offload Citizens Property Insurance commercial policies to admitted and surplus carriers—despite lingering opposition from a number of insurance …
Date: Tuesday, March 10, 2026

For Survivors, Rhode Island Clergy Abuse Report Brings Vindication and Renewed Demands
The sound of the school nurse’s office door opening. Light reflecting off a stained-glass window. Tearful outbursts and fear of getting on the school bus. For many survivors of clergy abuse, memories like these linger for decades. A report released …
Date: Tuesday, March 10, 2026

Amazon’s Zoox to Launch Command Hub in Arizona, Expand Testing
Amazon’s robotaxi unit Zoox is expanding testing to Dallas and Phoenix and launching a command hub for fleet operations in Arizona, as it looks to widen its footprint in the U.S.’s increasingly competitive autonomous taxi market. The move will expand …
Date: Tuesday, March 10, 2026

Arthur J. Gallagher Acquires S Philips Surety & Insurance Services in California
Risk Placement Services Inc. acquired Agoura Hills, California-based S Philips Surety & Insurance Services Inc. The S Philips team will remain in its current location under the direction of Jeremy Crawford, head of RPS’s surety bond operations. S Philips provides …
Date: Tuesday, March 10, 2026

Jarring Alarms Out as New Firehouse Dispatch Systems Aim to Ease Stress
Until recently, a call coming into the Danbury Fire Department meant alarms and tones immediately blasting at high volume — startling the firefighters before they headed out to scenes that could get their hearts pumping even faster. Capt. Kevin Lunnie …
Date: Tuesday, March 10, 2026

How US-Israeli War on Iran Is Upending Global Business
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …
Date: Monday, March 9, 2026

People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams
Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years of experience in professional …
Date: Monday, March 9, 2026

Cheaper Auto Insurance Zip Code: