Insurance Level News and Press

AM Best Rating Acitivity and News

Capacity Available But Aviation, Marine Markets Cautious About Iran Ceasefire
Marine and aviation insurance participants say a recent two-week ceasefire in the U.S.-Israeli war against Iran is welcome news as coverage remains available, but the situation remains fluid ...
Date:
Source: BestWire

Washington State Appeals Court Rules Great American E&S Can't Sue Lawyer It Hired
Great American E&S Insurance Co. can't sue the defense attorney it hired to defend against a Washington state man's claim following an injury at an indoor climbing gym, a state court of appeals ...
Date:
Source: BestWire

Mapfre Re Appoints Successor to Retiring CFO
The Board of Directors of Mapfre Re approved the appointment of Fernando Utrilla Agüero to succeed Daniel Quermia as chief financial officer. Quermia has announced his retirement. Utrilla ...
Date:
Source: BestWire

Virginia Law Updates Underinsured Motorist, Public Adjuster Rules
Virginia Democrat Gov. Abigail Spanberger signed legislation on April 6 that updates legal processes for underinsured motorist litigation and creates stricter rules for public adjusters. The new ...
Date:
Source: BestWire

DOJ: Florida Brokerage Paying $135 Million Over ACA Enrollment Fraud
Insurance brokerage AP of South Florida LLC and its former parent AssuredPartners Inc. agreed to pay more than $135 million after admitting guilt in Affordable Care Act enrollment schemes, the United ...
Date:
Source: BestWire

Best’s Briefing: Stabilizing Costs, Profitability Upswing Keys to Reversing US Health Outlook
To shake its negative outlook, the United States health insurance segment needs a cooling of growing medical cost and utilization trends, improved loss ratios and a return to overall operating ...
Date:
Source: BestWire

AHIP: Insurers Making Headway on Commitments to Reduced Prior Authorization Use
During the past 10 months, United States health insurers reduced the use of prior authorization by 11%, representing 6.5 million fewer prior authorization requests, across a range of medical ...
Date:
Source: BestWire

Zurich Enters Polish Commercial Lines Market
Zurich Insurance Group's Austria unit is expanding with the establishment of a branch in Poland as it enters the country's corporate insurance business. Zurich Austria said in a statement the ...
Date:
Source: BestWire

Weekly Calendar: AM Best to Participate at Several Events
The insurance industry's spring conference season is in full swing, highlighted by the International Monetary Fund's Spring Meetings and World Economic Outlook Release in Washington, D.C. and the ...
Date:
Source: BestWire

Nationwide P/C President: Going for Growth With 'Predict and Prevent' Policyholder Focus
Nationwide is expanding property/casualty business again after a multi-year effort to shift to products for commercial and personal lines policyholders with a "predict and prevent focus," according ...
Date:
Source: BestWire

Perils Raises Loss Estimate to $559.1 Million for UK Storm Goretti
Perils AG raised the insured loss estimate for European windstorm Goretti to €479 million ($559.1 million) from €467 million. This is the second loss estimate for Goretti, also known as Elli, the ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Coralisle Group Ltd.’s 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 life/health and property/casualty ...
Date:
Source: BestWire

AM Best Maintains Under Review With Positive Implications Status for The Fortegra Group, Inc.’s Insurance Subsidiaries
AM Best has maintained the under review with positive implications status for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” ...
Date:
Source: BestWire

Federal Judge Dismisses Lawsuit Over Weyerhaeuser PRT Deal in Latest Win for Athene
A federal judge in Washington moved to dismiss a lawsuit filed by former employees at Weyerhaeuser Co. over a pension risk transfer transaction with Athene Holding Ltd., saying the deal did not ...
Date:
Source: BestWire

Best's Briefing: European MGAs Branch Out as Landscape Changes
European managing general agents have shifted in recent years beyond offering just a single line of business as they've become a more crucial part of the insurance market, said Tim Lamm chief ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings of Fidvest US LLC
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Fidvest US LLC (Fidvest) ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Maryland Reaches Settlement With Ship Owner, Operator Over Bridge Collapse
The state of Maryland has reached a settlement in principle with Grace Ocean Private Limited and Synergy Marine Pte Ltd., the owner and operator of the M/V Dali, resolving a portion of the state’s claims arising from the cargo ship’s …
Date: Thursday, April 9, 2026

Jacksonville Contractor Charged With Underreporting Payroll by $2 Million
Florida authorities have charged a Jacksonville contractor with underreporting payroll by almost $2 million and stiffing his workers’ compensation insurer for almost $300,000 in premiums. Carlos Antonio Maradiago Garcia, 50, a native of Honduras, was investigated by the Florida Department …
Date: Thursday, April 9, 2026

LexisNexis: Synthetic Identity Fraud Rises Significantly in 2025
A recent report by LexisNexis Risk Solutions found synthetic identity fraud is on the rise. According to its latest Cybercrime Report based on more than 100 billion online transactions in 2025, LexisNexis said 11% of frauds now involve a synthetic …
Date: Thursday, April 9, 2026

The Fidelis Partnership Launches Capital Solutions Business, Led by Howden’s Gammoh
Pine Walk, the specialist MGA platform of The Fidelis Partnership (TFP), has launched a new capital solutions business called Mezura Capital Partners. Headquartered in Bermuda, Mezura Capital will focus on delivering strategic capital solutions and partnerships for insurers and reinsurers. …
Date: Thursday, April 9, 2026

Israeli Strikes on Lebanon Jeopardize Iran Truce; Talks Planned but Strait Still Shut
Israel bombed more targets in Lebanon on Thursday, putting the U.S.-Iran ceasefire into further jeopardy after the biggest Israeli attacks on its neighbor of the war killed more than 250 people and threatened to torpedo Donald Trump’s truce. In Pakistan, …
Date: Thursday, April 9, 2026

Florida’s Prestige Trucking Insurance Acquires Mulligan, an AI Automation Platform
Prestige Trucking Insurance, a retail brokerage and parent company of CSMV Underwriters, has continued its expansion with the acquisition of Mulligan, an artificial intelligence-based insurance automation platform. The platform will now be offered under the name Insure Stack, led by …
Date: Thursday, April 9, 2026

Kansas Woman Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Geary County woman has been sentenced to 24 months of probation for insurance fraud. Kei’Anna Boykin, aged 31, pleaded guilty on January 15, 2026, in Geary County District Court to one felony count …
Date: Thursday, April 9, 2026

People Moves: IBC Insurance Appoints Zepeda as Business Development Strategist
IBC Insurance has appointed Zee Zepeda as Business Development Strategist. In this role, Zepeda will be responsible for aligning insurance and banking initiatives to drive growth, enhance client relationships, and expand cross-functional opportunities across the organization. Zepeda will focus on …
Date: Thursday, April 9, 2026

Texas Summer Camps Sue to Block New Internet Rule
Nineteen camps in Texas have filed a lawsuit seeking to invalidate a new state requirement for them to install “end-to-end fiber optic facilities” in order to operate this summer. The requirement that the camps install fiber optic internet does not …
Date: Thursday, April 9, 2026

DOJ Top Antitrust Litigators Exit After Ticketmaster Accord
The US Justice Department’s top antitrust litigator and three senior trial attorneys that led cases against Live Nation Entertainment Inc., Apple Inc. and Alphabet Inc.’s Google are leaving the agency, according to people familiar with their plans. Some of the …
Date: Thursday, April 9, 2026

Trump Appeals Civil Fraud Ruling, Citing Former Lawyer’s Testimony Doubts
Donald Trump has asked New York’s highest appeals court to vacate a judge’s finding that he was liable for inflating the value of his real estate assets, arguing that his former lawyer Michael Cohen has since cast doubt on his …
Date: Thursday, April 9, 2026

China Confirms Three Ships Passed Through Strait of Hormuz
Three Chinese ships recently sailed through the Strait of Hormuz after coordination with relevant parties, a foreign ministry spokesperson told a regular daily press briefing on Tuesday, while calling for peace and stability in the Gulf Region. The critical waterway …
Date: Thursday, April 9, 2026

Israel Intensifies Lebanon Strikes With Ceasefire in Doubt
Israel launched its largest assault on Lebanon since the start of its invasion, escalating the campaign against Iran-backed Hezbollah even after the US announced a ceasefire in the wider Middle East conflict. The Israeli military said Wednesday it targeted more …
Date: Thursday, April 9, 2026

Paramount President Jeff Shell to Depart After Lawsuit Scandal
Jeff Shell is stepping down as president of Paramount Skydance Corp. following a contentious lawsuit by a high-stakes gambler who accused him of leaking inside information. Shell, who served as the No. 2 executive under Chief Executive Officer David Ellison, …
Date: Thursday, April 9, 2026

Hormuz Stays Blocked for Now as Hundreds of Ships Seek Exit
The Strait of Hormuz remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed …
Date: Thursday, April 9, 2026

Shippers Rush for Hormuz Insurance After Truce Deal, Broker Says
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners. With the increased demand from the market also comes “a pronounced …
Date: Thursday, April 9, 2026

Cheaper Auto Insurance Zip Code: