Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best's First Look – 2025 US Property/Casualty Financial Results
David Blades, associate director, AM Best, discusses a new Best's Special Report, which finds muted insured catastrophe losses during the second half of 2025 significantly benefited net underwriting ...
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Source: BestWire

AM Best: US Health Insurers Seek Improved Underwriting Performance in 2026
AM Best Director Joseph Zazzera discusses a new Best's Market Segment Report, which finds strong health segment financial flexibility and capitalization despite major operating performance ...
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Source: BestWire

AM Best Places Credit Ratings of Equitable Holdings, Inc. and Its Subsidiaries Under Review With Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of ...
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Source: BestWire

Axis Capital Appoints New CFO
Axis Capital Holdings Ltd. appointed Matthew Kirk to succeed Peter Vogt as chief financial officer at Axis, effective March 31, completing a planned leadership transition that was first announced in ...
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Source: BestWire

AM Best Places Credit Ratings of Corebridge Financial Inc.’s Subsidiaries Under Review with Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of the ...
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Source: BestWire

Athora Group Completes Pension Insurance Corp Group Acquisition, Moves HQ to United Kingdom
European savings and retirement business Athora Holding Ltd. said it completed its acquisition of Pension Insurance Corp. plc, creating one of Europe's largest savings and retirement services. ...
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Source: BestWire

Senator Questions DFC's $20 Billion Gulf Reinsurance Plan
A United States senator is raising questions about the U.S. International Development Finance Corp.'s $20 billion reinsurance plan for Persian Gulf shipping risk with Chubb Ltd. as lead ...
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Source: BestWire

Aon: March Storms in Hawaii Could Cause $1 Billion Insured Loss Event
Loss assessments continue in Hawaii, where insured losses from successive Kona storms in March could reach at least $1 billion, according to Aon. Weather losses have been costly for United States ...
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Source: BestWire

NAIC National Homeowners Data Call Seeks ZIP Code-Level Data
During its spring meeting, the National Association of Insurance Commissioners said it is issuing a nationwide homeowners market data call that will drill down to ZIP code-level details. The NAIC ...
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Source: BestWire

Berjaya Sompo Insurance Berhad Appoints Successor to Retiring CEO
Berjaya Sompo Insurance Berhad appointed Soo Wai Har to succeed Tan Sek Kee as chief executive officer, effective April 1. Kee, who is retiring, has been CEO of Berjaya Sompo since 2017 and was ...
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Source: BestWire

Weekly Podcast Highlights - March 27
Some of this week's featured insurance industry podcasts celebrate Women's History Month with Agency Nation Radio and InsHER having episodes dedicated to women building careers in the ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz México, S.A., Compañía de Seguros
AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa” (Superior), and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Allianz ...
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Source: BestWire

AM Best Assigns Issue Credit Ratings to The Progressive Corporation’s Senior Unsecured Notes
AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) to the $500 million, 4.60% senior unsecured notes, due 2031, and $1 billion, 5.15% senior unsecured notes, due ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz Global Corporate & Specialty Resseguros Brasil S.A.
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” (Superior) of Allianz Global Corporate & Specialty Resseguros Brasil S.A. (AGCS Re ...
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Source: BestWire

AM Best Affirms Credit Ratings of Allianz SE and Its Rated Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Allianz SE (Allianz) (Germany) and its rated ...
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Source: BestWire

AM Best Downgrades Credit Ratings of Pinnacle Consortium of Higher Education, A Vermont Reciprocal Risk Retention Group
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Pinnacle Consortium of ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Ohio Contractor Sentenced to 17 Years in Prison on Fraud Charges
A pole barn contractor who defrauded consumers of more than $400,000 has been sentenced to at least 17 years in prison after being convicted of 47 felony counts, Ohio Attorney General Dave Yost announced this week.. This month, Marion resident …
Date: Friday, March 27, 2026

Amid Drought, Corpus Christi Seeks Water From Privately Owned Plant
Six months after scrapping their own seawater desalination plant project, Corpus Christi City Council voted Tuesday to consider an agreement with a private company to purchase water from its desalination plant to help stave off an impending water emergency. The …
Date: Friday, March 27, 2026

People Moves: Marsh Risk Names Zafiriadis to Lead New Service Delivery Practice
Marsh names Zafiriadis Leader of new Service Delivery Practice, US and Canada, Marsh Risk Marsh, headquartered in New York City, appointed Katrina Zafiriadis as leader of its newly established service delivery practice (SDP), U.S. and Canada, Marsh Risk. Based in …
Date: Friday, March 27, 2026

Medical Journal Lancet Retracts 49-Year-Old Baby Powder Paper Over J&J Breach
The Lancet, one of the world’s leading medical journals, retracted a nearly five-decade-old paper extolling the safety of talc, the main ingredient in Johnson & Johnson’s iconic baby powder that fueled tens of thousands of lawsuits against the company after …
Date: Friday, March 27, 2026

Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction
Major online betting platforms and the National Football League (NFL) are facing a product liability lawsuit in Pennsylvania alleging that their live in-game microbetting product is an “inherently dangerous product designed to maximize betting behavior that leads to addiction.” The …
Date: Friday, March 27, 2026

Meta Funds Seven Gas Plants for Biggest Data Center
Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agreement with …
Date: Friday, March 27, 2026

Georgia Employers Fined for Repeat Silica Exposure for Workers
The federal Occupational Safety and Health Administration has proposed fines for two Georgia employers for failing to address safety violations that had exposed workers to noise and silica dust, which can cause severe respiratory illness. After a follow-up inspection, OSHA …
Date: Friday, March 27, 2026

Georgia Tax Bill Would Take Billions in Breaks From Companies
Georgia wants to lower income taxes. Some of the world’s biggest companies are standing in the way. A state Senate bill that would all but exempt many lower- and middle-income earners from state income tax is stalling in the Georgia …
Date: Friday, March 27, 2026

The Scope of Damage From Hawaii’s Floods Becomes Clearer
The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, …
Date: Friday, March 27, 2026

US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports
The US Senate passed legislation early Friday to fund most of the Department of Homeland Security, forging a path to end a lengthy partial government shutdown that snarled airport security and threatened to ripple through an economy already roiled by …
Date: Friday, March 27, 2026

Trump Extends Deadline for Striking Iran’s Energy Plants Into April
U.S. President Donald Trump said he would again extend the deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Tehran had earlier rejected a 15-point U.S. proposal to end the fighting …
Date: Friday, March 27, 2026

Iran Built Vast Camera Network to Control Dissent. Israel Turned it Into Targeting Tool
The role of Israel’s hijacking of Iran’s street cameras in the killing of the country’s supreme leader underscores how surveillance systems are increasingly being targeted by adversaries in wartime. Hundreds of millions of cameras have been installed above shops, in …
Date: Friday, March 27, 2026

US Warns on Bab El-Mandeb Strait After Iran Shipping Threat
The US warned that Iran-backed Houthi militants could start firing on vessels in the Bab El-Mandeb Strait after Tehran raised the possibility of extending barriers to global shipping during the ongoing war. The US Department of Transportation’s Maritime Administration issued …
Date: Friday, March 27, 2026

Bessent Says Hormuz Ships Insurance Program to Start Soon
Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered …
Date: Friday, March 27, 2026

Energy Fallout From Iran War Signals Global Wake-Up Call for Renewable Energy
The war in Iran is exposing the world’s reliance on fragile fossil fuel routes, lending urgency to calls for hastening the shift to renewable energy. Fighting has all but halted oil exports through the Strait of Hormuz, the narrow waterway …
Date: Friday, March 27, 2026

Odey Allegedly Told Staffer He Could ‘Attack’ Her After Alcohol-Fueled Lunch
Ex-hedge fund boss Crispin Odey cornered a female receptionist after an alcohol-fueled lunch and told her “I could attack you now,” according to a diary entry by the staffer revealed at a London court on Tuesday. When she verbally resisted …
Date: Friday, March 27, 2026

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