Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best's Market Segment Outlook – Japan Life Insurance Segment
The outlook for Japan’s life insurance segment remains at stable, according to a recent Best’s Market Segment Report discussed by Charles Chiang, senior financial analyst, AM Best, in this week's ...
Date:
Source: BestWire

Aon: Single Day's Storms Inflict Estimated Losses of Hundreds of Millions of Dollars
Insurers incurred what could be hundreds of millions of dollars of losses after a second round of mid-April severe convective storms struck multiple states, according to Aon. Five states were ...
Date:
Source: BestWire

Berkley Environmental Appoints President
W.R. Berkley Corp. appointed R. Christopher DeLauder to succeed Kenneth J. Berger as president of Berkley Environmental. Berger has been named chair of the business. The appointments are ...
Date:
Source: BestWire

Principal Financial Net Attributable Income Rises More Than Eightfold in First Quarter
Net income attributable to Principal Financial Group Inc. rose more than eightfold in the first quarter, as the company reported a gain from exited businesses and strong individual life insurance ...
Date:
Source: BestWire

Erie CEO: AI Not Intended to Replace Company Employees
Erie Insurance is using artificial intelligence to strengthen, not replace, "the human touch," according to Erie Insurance President and Chief Executive Officer Tim NeCastro. AI can save money, ...
Date:
Source: BestWire

Hartford Insurance CEO: Competition Gets Aggressive in Personal Lines
Hartford Insurance Group Inc. saw strong first-quarter results in its business insurance and employee benefits segments as personal insurance underwriting income improved but growth was impacted by ...
Date:
Source: BestWire

Suncorp Updates Outlook, Unveils Five-Year $1.72 Billion Reinsurance Cover
Suncorp Group Ltd. agreed to a five-year aggregate reinsurance arrangement it said provides A$800 million of protection yearly, up to A$2.4 billion ($1.72 billion) in total protection over that ...
Date:
Source: BestWire

USAA CEO Says Mutual Is Working With State, Federal Policymakers on Tort Reform
USAA is working with state and federal policymakers on tort reform to help stabilize insurance markets and potentially help lower its rates, according to President and Chief Executive Officer Juan ...
Date:
Source: BestWire

Weekly Podcast Highlights - April 24
Discussions about credit quality and impairments at insurers are among the insurance industry podcast highlights this week. This week's AM Best Audio podcasts (click here to choose your ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Biglari Reinsurance Ltd. and Affiliates
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Biglari Reinsurance Ltd. (Bermuda) and its reinsured affiliates, ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Clearbrook Group Holdings, Inc. and Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the members of Argo Group (Argo) (New York, ...
Date:
Source: BestWire

AM Best: Market Segment Outlook – Japan Life Insurance Segment
The outlook for Japan’s life insurance segment remains at stable, according to a recent Best’s Market Segment Report discussed by Charles Chiang, senior financial analyst, AM Best. Following is ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Tower Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tower Limited (Tower) (New Zealand). The outlook of these Credit ...
Date:
Source: BestWire

AM Best Downgrades Credit Ratings of Fenchurch General Insurance Company
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “a-” (Excellent) of Fenchurch General Insurance ...
Date:
Source: BestWire

Hartford Boosts First-Quarter Profit on Lower Catastrophe Losses, Premium Gains
Lower catastrophe losses and higher net investment income along with premium growth helped Hartford Insurance Group Inc. to a first-quarter profit gain. First-quarter net income available to ...
Date:
Source: BestWire

Federal Court Vacates ‘Listed Transaction’ Portion of IRS Microcaptive Rule
A federal court struck down an Internal Revenue Service rule that designated certain microcaptives as “listed transactions,” but said the IRS properly applied “transaction of interest” designations ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Massive Ice Sheets Threaten Homes in Northern Michigan
Large chunks of ice rammed into homes along Michigan’s Black Lake in the northeastern Lower Peninsula as constant spring rainfall and winter melt left many homes flooded and threatened to overflow stressed dam systems. Photos and video posted to social …
Date: Friday, April 24, 2026

Inszone Acquires Michigan’s James R. Vozar Insurance Agency
Inszone Insurance Services announced the acquisition of James R. Vozar Insurance Agency. With offices in Athens, Quincy, and Union City, Michigan, this acquisition further strengthens Inszone’s presence in the Midwest and adds deep specialized knowledge in the agricultural sector to …
Date: Friday, April 24, 2026

A 50% Surge in Zombie Oil Wells Prompts Texas to Crack Down on Toxic Water Leaks
Texas is planning new rules to speed up its response to so-called zombie oil wells after the number of sites leaking toxic wastewater increased more than 50% this year. Oil companies in the largest US crude-producing state are pumping so …
Date: Friday, April 24, 2026

FTC Settles Case Against Anesthesia Company
he U.S. Federal Trade Commission is settling its case against a private equity portfolio company it says was used to buy up anesthesiology practices and raise prices in Texas, according to court documents filed on Thursday. WHY IT’S IMPORTANT The …
Date: Friday, April 24, 2026

Study Finds ‘Alarming’ High Flood Risk for 17M Americans on Atlantic, Gulf Coasts
More than 17 million people along the U.S. Atlantic and Gulf coasts are at the highest risk of being affected by flooding, with New York and New Orleans standing out, according to one of the most comprehensive studies ever of …
Date: Friday, April 24, 2026

Wildfires in Georgia and Florida Destroy 50 Homes and Force Evacuations
Huge plumes of smoke blanketed swaths of the Southeast on Wednesday as crews battled rapidly growing wildfires that destroyed more than 50 homes in Georgia and forced hundreds to flee the drought- and wind-fueled flames. Some of the biggest blazes …
Date: Friday, April 24, 2026

Bayer Shareholders Keep the Squeeze on CEO Over Roundup Lawsuits
As Bayer AG tries to draw a line under costly Roundup herbicide litigation in the US this year, shareholders are using its annual general meeting to make clear that the stakes are higher than ever — including for Chief Executive …
Date: Friday, April 24, 2026

Trump Says He’ll Probe Banks Over Response to LA Wildfires
President Donald Trump said he would look into the actions of banks in their response to last year’s devastating Los Angeles wildfires following a meeting with that city’s mayor, Karen Bass. Trump said he met with Bass and other officials …
Date: Friday, April 24, 2026

Apple, Amazon Push Back on Stricter Emissions Reporting Rules
Major corporations are pushing back against a possible tightening of emissions reporting standards that would have implications for the clean energy transition in years to come. More than 60 companies — including Apple Inc., Amazon.com Inc., General Motors Co., FedEx …
Date: Friday, April 24, 2026

NTSB Cites LaGuardia’s Runway Safety System in Collision That Killed 2 Pilots
The National Transportation Safety Board said Thursday a key runway safety system failed to activate before a March 22 fatal collision at New York’s LaGuardia Airport between an Air Canada Express jet and a fire truck that killed two pilots. …
Date: Friday, April 24, 2026

Marketplace 4 Insurance Buys Maryland’s Swann Agency
Georgia-based Marketplace 4 Insurance announced the acquisition of Swann Insurance Agency, an independent insurance agency based in Columbia, Maryland. Terms were not disclosed. The acquisition of Swann will expand M4I’s footprint in the Mid-Atlantic region. All Swann employees will join …
Date: Friday, April 24, 2026

Stock Markets Are Too High and Set to Fall, BOE Deputy Governor Tells BBC
The Bank of England expects stock markets around the world to fall because current share prices do not fully reflect the many risks facing the global economy, Deputy Governor Sarah Breeden said in an interview with the BBC on Friday. …
Date: Friday, April 24, 2026

Founder of Collapsed MFS Faces £1.3 Billion Creditor Claim
Paresh Raja, the founder of collapsed mortgage firm Market Financial Solutions Ltd., is facing a £1.3 billion ($1.8 billion) lawsuit in the UK from creditors alleging he breached his fiduciary duties. Raja, who is already subject to a worldwide freeze …
Date: Friday, April 24, 2026

China’s 360 Hunts Software Flaws With AI, Echoing Mythos
A large Chinese cybersecurity firm is using artificial intelligence to identify security vulnerabilities in widely used software applications, positioning itself as a competitor to Anthropic PBC, according to a new report. The company, 360 Digital Security Group, has in recent …
Date: Friday, April 24, 2026

UK Financial Sector Prepared for Mythos and Others, Says BoE Co-Chaired Group
The Bank of England and other financial services representatives on Wednesday said the sector was prepared for developments around Anthropic’s Mythos artificial intelligence model and other emerging frontier AI models. Mythos is viewed by cybersecurity experts as posing significant challenges …
Date: Friday, April 24, 2026

UniCredit Raises Stake in Generali After Earlier Signaling Cut
UniCredit SpA boosted its stake in Assicurazioni Generali SpA to 8.7%, despite earlier indications that it planned to trim the holding. The bank is the insurer third-largest shareholder of Generali, according to a statement of the Trieste-based insurer detailing the …
Date: Friday, April 24, 2026

Cheaper Auto Insurance Zip Code: