Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Assigns Issue Credit Ratings to Chubb INA Holdings LLC’s Senior Unsecured Bonds
AM Best has assigned Long-Term Issue Credit Ratings of “a+” (Excellent) to Chubb INA Holdings LLC (Chubb) (Delaware) recently announced CNY 4.0 billion (approximately USD 586 million) issuance of ...
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Source: BestWire

Co-operators CFO: Market and Economic Forces Exert Mixed Impact on Canadian Insurers
Economic and market forces are combining for mixed impacts on Canadian insurers, according to Co-operators Group Ltd. Chief Financial Officer Karen Higgins. Claims loss severity has risen on ...
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Source: BestWire

Massachusetts Bill Adds Coverage Requirements for ‘Micromobility Vehicles’
Massachusetts lawmakers are considering adding insurance requirements for “micromobility vehicles,” such as e-bikes, motorized bikes and e-scooters, as part of a wider push to increase regulations ...
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Source: BestWire

Talanx Revenue Flat as Profit Rises on Lower Catastrophe Losses
Talanx AG saw its large losses come in well below budget for the first quarter as the multiple-line insurance group posted higher net income despite flat revenue. First-quarter net income ...
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Source: BestWire

Allianz CFO: Middle East Exposure Is From Inflation, Interest Rates
Allianz SE's direct exposure to the Middle East conflict is minor but it has indirect economic exposure through rising interest rates and inflation, said its chief financial officer. Allianz ...
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Source: BestWire

AM Best Downgrades Credit Ratings of NASW Insurance Company; Maintains Under Review With Negative Implications Status
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 NASW Insurance Company (NASWIC) ...
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Source: BestWire

Price Forbes Appoints Joint Managing Director, Accident and Health
Price Forbes appointed Finn Cackett as joint managing director, accident and health, effective immediately. Cackett will be responsible for producing business, developing and executing growth ...
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Source: BestWire

Judge Cuts Liberty Mutual $103 Million Age-Bias Award to $20 Million
Liberty Mutual Insurance Co. saw a $103 million age-bias jury verdict reduced to $20 million after a California court ruled punitive damages awarded in the lawsuit were grossly excessive. The ...
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Source: BestWire

Axa XL Names Head of New Prevention Services Unit
Axa XL said it created a new business unit dedicated to prevention, which will be led by Libby Benet, currently the company’s global chief underwriting officer. Benet joined Axa XL in 2020 as CUO ...
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Source: BestWire

Mutual of Enumclaw Appoints New VP of Claims and Chief Claims Officer
Mutual of Enumclaw, a mutual regional insurer specializing in personal, business, farm and ranch coverage in the Pacific Northwest, hired Joe Peterson as its new vice president of claims and chief ...
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Source: BestWire

AM Best Downgrades Credit Ratings of Arrow Mutual Liability 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 Arrow Mutual Liability ...
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Source: BestWire

California Insurance Regulator: Market Stabilizing, Fair Plan Growth Slowing
Recent property insurance rate requests in California indicate the market is stabilizing, with six of the state’s 10 largest insurers committing to growing their California businesses, and the ...
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Source: BestWire

FINRA: Ex-Broker to Pay $2.25 Million in Arbitration Award Over IUL Premium Financing
An arbitration panel ordered a former broker to pay $2.25 million over allegations he improperly advised a family to purchase an indexed universal life insurance policy with the entire premium ...
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Source: BestWire

Zurich Insurance CFO: First-Quarter Growth Led by Middle Market, Specialty Lines
Zurich Insurance Group Ltd. sees growth across lines and geographies with particularly good growth in commercial middle market, specialty and life protection, its chief financial officer ...
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Source: BestWire

AM Best Affirms Credit Ratings of Uzbekinvest Export-Import Insurance Company, JSC
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Uzbekinvest Export-Import Insurance Company, JSC (Uzbekinvest) (Uzbekistan). ...
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Source: BestWire

AM Best Revises Outlooks to Positive for Óptima Seguros
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Óptima Seguros ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Judge Says Cannot ‘Rubber Stamp’ $1.5 Million Musk-SEC Deal
A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing …
Date: Thursday, May 14, 2026

US Efforts to End Iran War Stumble as Ship Seized Near UAE
US efforts to end the war with Iran were dealt a setback after a commercial vessel was apparently seized by unauthorized personnel near the United Arab Emirates, increasing uncertainty over control of the critical Strait of Hormuz. The ship, whose …
Date: Thursday, May 14, 2026

Viewpoint: Why Speedy Payouts Matter in EU Plan to Close Insurance Protection Gap
Executive summary: With plans for an EU natural disaster insurance fund in the works, EIP’s founder and CEO Ross Sinclair explores the need to improve the speed of the payout process as an essential part of building climate resilience. As …
Date: Thursday, May 14, 2026

From AirTags to AI Nudification: The Growing Toolkit of Technology-Facilitated Abuse
It’s hard to overstate the impact that artificial intelligence has had since the release of generative AI platforms such as ChatGPT just three years ago. While they have led to countless advances in how we live and work, they have …
Date: Thursday, May 14, 2026

Dallas Exurb Hits Pause on Data Centers in Rare Texas Rebuke
A small Texas county outside Dallas approved a one-year moratorium on new data center and energy storage developments, pushing back against the growing number of large-scale projects fueling the artificial-intelligence boom across the state. Hill County had been approached by …
Date: Thursday, May 14, 2026

Louisiana Officials Agree to $4.8M Settlement in Death of Black Motorist
Louisiana officials have agreed to a tentative $4.8 million settlement with the family of Ronald Greene, a Black motorist who died during a violent 2019 roadside arrest carried out by five white officers, two people with knowledge of the agreement …
Date: Thursday, May 14, 2026

Odey Settles Sexual Assault Cases Ahead of London Trial
Hedge fund boss Crispin Odey has settled a handful of personal injury claims brought by women claiming sexual assault. Odey bought an end to the claims ahead of a London trial due to start next month, according to a lawyer …
Date: Thursday, May 14, 2026

The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
You’d have to roll back the calendar a few decades to find a time when competitive moves by the nation’s biggest auto and home insurer were described with the phrase, “The big dog is off the porch.” Still, against the …
Date: Thursday, May 14, 2026

LP Acquires Benefits Consulting Practice of Van Noy Consulting Group in Nevada
LP Insurance Services acquired the employee benefits consulting practice of Van Noy Consulting Group in Nevada. The deal includes the addition of Terry Van Noy as an employee benefits consultant. Van Noy has more than five decades of leadership and …
Date: Thursday, May 14, 2026

Appeals Court Spares Trump From Paying $83M Defamation Award for Now
President Donald Trump won’t have to pay an $83 million defamation award to a longtime advice columnist until the U.S. Supreme Court gets a chance to review the case or reject an appeal, according to a court entry Tuesday. The …
Date: Thursday, May 14, 2026

NYU Hospital Subpoenaed for Information on Gender-Affirming Care for Children
A New York hospital system says it received a grand jury subpoena from federal prosecutors in Texas seeking information about children who received gender-affirming care and the medical providers who administered it. NYU Langone is the first hospital system to …
Date: Thursday, May 14, 2026

South Dakota Drilling Project Canceled After Backlash From Tribes
A South Dakota mining company has canceled a drilling project in the Black Hills after opposition from Native American tribes and local groups. In a letter provided Friday by Indigenous advocacy group NDN Collective, Rapid City-based Pete Lien & Sons …
Date: Wednesday, May 13, 2026

Former Walgreens Manager Sentenced for Role in 7 Inside-Job Robberies
A District of Columbia woman was sentenced last week to 32 months in prison for her role in a series of seven inside-job robberies of the Chinatown drug store where she was employed as a store manager, reported U.S. Attorney …
Date: Wednesday, May 13, 2026

UAE-Owned Tanker Leaks Some Fuel off Oman Following Iranian Strike
A unit of state-owned Abu Dhabi National Oil Company said on Wednesday that one of its tankers struck by Iranian drones last week has leaked a small amount of fuel off the coast of Oman, underscoring the ecological risks stemming …
Date: Wednesday, May 13, 2026

ECB Urges Banks to Quickly Prepare for AI-Assisted Cyberattacks
European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic’s Mythos AI model or similar tools. Elderson, who is vice chair of the …
Date: Wednesday, May 13, 2026

Six Arrested in Louisiana Insurance Fraud Scheme
Six Louisiana residents have been arrested for participating in a long-running insurance fraud scheme involving fire and water damage claims, the Louisiana Department of Insurance announced. The suspects, all from Ouachita Parish, face charges of insurance fraud, identity theft and …
Date: Wednesday, May 13, 2026

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