Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best's First Look – 2025 US Life/Annuity Financial Results
A new Best's Special Report, discussed by AM Best Associate Director Jason Hopper, finds the 2025 net income for U.S. life/annuity industry rose to the highest level in the past five years, according ...
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Source: BestWire

Five Vying to Succeed Term-Limited Oklahoma Insurance Commissioner
A group of four Republicans and a Democrat are running to succeed Oklahoma Insurance Commissioner Glen Mulready, who has reached his term limit. Craig MacIntyre, the sole Democrat candidate, has ...
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Source: BestWire

InsurTech NY Execs: AI, Human-Centric Approaches Are Shaping the Future of Insurance
InsurTech NY Co-Founders and Managing Directors David Gritz and Tony Lew explore the 2026 InsurTech NY Spring Conference theme and key topics, highlighting how artificial intelligence is advancing ...
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Source: BestWire

WoodmenLife 2025 Surplus Up and Net Income Down
WoodmenLife posted a drop in net income to $87.9 million in 2025, from $130.3 million it reported in the prior year, as is its surplus and assets grew during the period. The nonprofit fraternal ...
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Source: BestWire

AM Best Withdraws Credit Ratings of American Modern Select Insurance Company
AM Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” (Superior) of American Modern Select Insurance Company (AMSIC) (Cincinnati, Ohio). ...
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Source: BestWire

VIG Re Boosts 2025 Profit and Pursues Expansion in Asia, Europe
VIG Re raised it 2025 profit as insurance revenue declined but premiums rose overall as the group expanded in Asia and Europe. Profit for the year rose to €38.0 million ($44.6 million) from €33.3 ...
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Source: BestWire

MIB Life Index: US Life Insurance Application Activity Grows 14.3% in First Quarter of 2026
U.S. life insurance application activity grew by 14.3% in the first quarter of 2026, posting the highest growth on record and also the highest total volume ever seen, according to MIB's Life ...
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Source: BestWire

Maryland CareFirst Seeking Midyear Upward Rate Adjustment for Small Group Plans
CareFirst BlueCross BlueShield requested to raise rates for its BlueChoice Inc. — MD small group product by 10.3%, year-over-year, for the third quarter and 10.9% for the fourth quarter, according to ...
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Source: BestWire

AM Best Downgrades Credit Ratings of Summit Insurance Company Limited
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 Summit Insurance Company ...
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Source: BestWire

Weekly Podcast Highlights - April 10
A discussion with AM Best analysts about a trend toward lower premiums in the directors and officers liability insurance market and a look at private market investing are among this week's insurance ...
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Source: BestWire

PPM America Appoints President-CEO
Jackson Financial Inc. and PPM America Inc., an indirect, wholly owned subsidiary of Jackson, has appointed Chris Raub as president and chief executive officer of PPM. In his new role, Raub will ...
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Source: BestWire

Arch Insurance EU and Arch UK Name Executives
Arch Insurance named Jose Carlos Jiménez Fernández as head of cyber for Europe, and Rafael Ortiz Losada as head of cyber for Iberia, at Arch Insurance European Union dac, effective ...
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Source: BestWire

Aviva Considers Rebrand for Lloyd's Underwriter Probitas
Aviva plc is considering a rebrand for its Probitas Lloyd's underwriter as it seeks to unify it global corporate and specialty business. "Our intention following the acquisition of Probitas has ...
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Source: BestWire

AM Best Assigns Credit Ratings to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to North American Fire & General Insurance Company Limited (NAFICO) (Guyana) and ...
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Source: BestWire

Chubb Group Appoints SVP, Global Claims Officer
Chubb Ltd. appointed Kevin Rampe as senior vice president, Chubb Group, global claims officer, responsible for global claims management, effective immediately. Rampe will also retain his ...
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Source: BestWire

Axa XL Names Head of Motor Underwriting, UK and Lloyd's
Axa XL appointed Poonam Jivram as head of motor underwriting, United Kingdom and Lloyd’s. Jivram will be responsible for developing and executing the strategic underwriting direction for the ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Iowa AG Sues Meta Over Alleged Deceptive Practices on Instagram
Iowa Attorney General Brenna Bird announced she has filed a lawsuit against Meta and several of its subsidiaries, including Instagram and Facebook, for breaking Iowa’s consumer protection laws. The Attorney General’s Office alleges Instagram represents itself as being safe for …
Date: Friday, April 10, 2026

Inszone Acquires Oklahoma’s Schuessler
Inszone Insurance Services announced its expansion in Oklahoma through the acquisition of Schuessler Insurance, Inc., a long-standing independent insurance agency based in Alva, Oklahoma. Founded in 1973 by Harvey Schuessler, the agency began as a small operation run from Schuessler’s …
Date: Friday, April 10, 2026

Markel Expands in Australia With Office in Perth
Markel Insurance, the insurance operations within Markel Group Inc., announced the opening of a new office in Perth, Western Australia, with immediate effect. Building on growth from existing Australian offices, Markel is expanding its local presence with the appointments of …
Date: Friday, April 10, 2026

Missouri Fossil Company Owner Accused of Disability Fraud
The owner of a St. Louis, Missouri fossil replica company was indicted and accused of fraudulently seeking disability benefits, the U.S. Attorney’s Office, Eastern District of Missouri announced. Scott A. Taylor, 50, is still on probation from a prior disability …
Date: Friday, April 10, 2026

Elon Musk’s xAI Sues Colorado Over State’s New AI Law
xAI filed a lawsuit on Thursday seeking to block Colorado from enforcing a new law regulating artificial intelligence systems, escalating a fight over whether oversight should be handled by states or by Washington. The lawsuit, filed in U.S. District Court …
Date: Friday, April 10, 2026

Florida AG to Investigate ChatGPT After Gunman May Have Used it Before FSU Shooting
Florida’s attorney general said his office has launched an investigation into the artificial intelligence app ChatGPT and its parent company, after authorities learned that a gunman used the platform repeatedly before a mass shooting last year at Florida State University. …
Date: Friday, April 10, 2026

Recent Auto Recalls From Hyundai, GM, Ford, VW Total Over 1 Million Vehicles
Hyundai to Recall About 294,000 Vehicles Over Seat Belt Anchor Defect Hyundai Motor America is recalling 294,128 vehicles in the U.S. due to a defect that could cause seat belt anchors to detach, the U.S. National Highway Traffic Safety Administration …
Date: Friday, April 10, 2026

Texas Officials Investigating Complaints Against Camp Mystic
Texas health regulators told Camp Mystic’s owners Tuesday they are investigating hundreds of complaints following last year’s devastating floods that killed 27 girls as the state considers whether to allow the all-girls camp to reopen this summer. The Texas Rangers …
Date: Friday, April 10, 2026

DOJ to Settle Texas Predatory Lending Scheme Without Compensating Victims
In December 2023, the U.S. Justice Department sued a Texas land developer it accused of duping tens of thousands of Hispanic residents into predatory mortgages, a landmark case for the Biden administration. Colony Ridge, which sold plots in massive subdivisions …
Date: Friday, April 10, 2026

Prosecutors to Subpoena Tiger Woods’ Rx Drug Records After Florida Arrest
Prosecutors are seeking Tiger Woods ‘ prescription drug records from a pharmacy, a week after his vehicle crashed in Florida and he was arrested on suspicion of driving under the influence. Prosecutors in Florida on Tuesday said they planned to …
Date: Friday, April 10, 2026

Big Tech Puts Financial Heft Behind Next-Gen Nuclear Power as AI Demand Surges
Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals that offer nuclear companies both funding and a clearer path to making money. Several U.S. …
Date: Friday, April 10, 2026

Colorado State Forecasters See Below-Average Hurricane Season
Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While …
Date: Friday, April 10, 2026

Abbott Jury Awards at Least $53 Million in Infant-Formula Trial
Abbott Laboratories said it faces a jury award of at least $53 million over claims by four mothers that the company hid risks its premature-infant formula can cause a bowel disease which creates serious health issues for frail babies. Jurors …
Date: Friday, April 10, 2026

Zurich Austria Launches Branch in Poland
Zurich Austria has launched a branch in Poland, marking Zurich Insurance Group’s entry into the Polish corporate insurance market. The local team combines knowledge of the Polish market with the global competitive strength of the Zurich Insurance Group, Zurich said. …
Date: Friday, April 10, 2026

Dubai’s DIFC Introduces Temporary Economic Support for Business, Retail Community
Dubai International Financial Centre (DIFC) said on Thursday it was introducing a package of temporary relief measures to support its business and retail community “as the region emerges from the current environment.” The measures, effective immediately, include flexible payment plans …
Date: Friday, April 10, 2026

Iran Demands Lebanon Ceasefire, Unfreezing of Assets Before Peace Talks
Iran said on Friday that blocked Iranian assets must be released and that a ceasefire must take hold in Lebanon before peace talks can proceed, throwing last-minute doubt over negotiations scheduled for Saturday in Pakistan. Iran’s parliament speaker Mohammad Baqer …
Date: Friday, April 10, 2026

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