Insurance Level News and Press

AM Best Rating Acitivity and News

Aon Expands President's Role to Include Chief Commercial Officer, Risk Capital
Aon plc has appointed Jeff Alpaugh as chief commercial officer, risk capital, adding to his role as president. Alpaugh will lead Aon’s global commercial strategy across risk capital, helping ...
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Source: BestWire

Stormy March Accounts for Most of Allstate's $1.24 Billion in First-Quarter Cat Losses
Allstate Corp. said it incurred an estimated $1.24 billion in first-quarter, pretax catastrophe losses after a particularly stormy March. It incurred about $925 million in first-quarter ...
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Source: BestWire

Former Maryland Insurance Commissioner Ralph Tyler Dead at 79
The Maryland Insurance Administration has announced the death of former Maryland Insurance Commissioner Ralph Tyler at age 79. In 2007, Maryland Gov. Martin O’Malley, a Democrat, appointed his ...
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Source: BestWire

Federal Legislation Would Lift Truck Liability Minimums to $5 Million
A bill was introduced in the United States House of Representatives that would increase the liability coverage limit for interstate motor carriers to $5 million from $750,000 and tie future limit ...
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Source: BestWire

Corebridge Financial Names Interim CFO as Company Prepares for Merger
Corebridge Financial Inc. has appointed Christopher Filiaggi as interim chief financial officer, effective April 24. He will also join the executive leadership team. Filiaggi is currently the ...
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Source: BestWire

Beyond Risk Launches Health Partners Unit Encompassing Stop-Loss, Captive Capabilities
Beyond Risk said it has launched Beyond Health Partners, a health benefits funding specialist it said will unify stop-loss, captive and cost containment businesses under one platform. Beyond ...
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Source: BestWire

Ameriprise Adds to Adviser Force With Addition of Pinnacle Wealth, Bringing $110 Million in Assets
Ameriprise Financial Inc. said Pinnacle Wealth Management has joined its independent advisory channel from LPL Financial with $110 million in assets. The Louisiana-based team of three will be ...
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Source: BestWire

Broker HW Rebrands as Dubois, Consolidates European, Australian Operations
HW International said it is rebranding to Dubois while bringing its European and Australian operations together under a single global identity. The move includes a company name change in ...
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Source: BestWire

Travelers CEO: Higher-Quality Personal Lines Replacing Exiting Policies as Net Income Jumps
Travelers Cos.' personal lines segment is picking up higher-quality business as it leaves lower-quality risks behind, according to Chairman and Chief Executive Officer Alan Schnitzer. The ...
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Source: BestWire

Delaware Court: D&O Covers Litigation Stemming From De-SPAC Transactions
Directors and officers policies must cover litigation alleging misconduct during mergers involving special purpose acquisition companies, otherwise known as the de-SPAC process, the Delaware Superior ...
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Source: BestWire

AM Best Affirms Credit Ratings of Members of GEICO
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of the members of Government Employees Group ...
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Source: BestWire

AM Best Affirms Credit Ratings of Momento Seguros, S.A de C.V.
AM Best has affirmed the Financial Strength Rating of B (Fair), the Long-Term Issuer Credit Rating of “bb+” (Fair) and the Mexico National Scale Rating of “a+.MX” (Excellent) of Momento Seguros, S.A ...
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Source: BestWire

AM Best Affirms Credit Ratings of Seguros El Potosí, S.A.
AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros ...
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Source: BestWire

Marsh CEO: Middle East Conflict Not Yet an Insured Loss Concern
First-quarter net income fell for Marsh, partly on a $425 million charge related to Greensill Capital litigation, as the Middle East conflict represents an economic concern more than that of ...
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Source: BestWire

Bobcat Re Adopts Namesake's Identity With Catastrophe-Focused MGA
Bobcats are known for their adaptability, discipline, and for knowing just the right time to strike. These are three qualities Director David Carson quoted as part of the decision to peg the animal ...
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Source: BestWire

Axa XL Names Head of Claims, North America, Reinsurance
Axa XL Reinsurance has promoted Tara Smith-Eckert as head of claims, North America, reinsurance, effective May 1. In this role, Smith-Eckert will be responsible for leading the North America and ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Texas Summer Camp Faces Scrutiny Over Failure to Report Deaths
The medical officer for the Texas summer camp where 27 girls were killed in a flood last year testified Tuesday she still has not officially reported the deaths to the state health agency that regulates camps and is reviewing its …
Date: Thursday, April 16, 2026

Inszone Acquires Kansas’ Insurance Resources Group
Inszone Insurance Services announced the acquisition of Insurance Resources Group, Inc. Located in Olathe, Kansas, this acquisition adds an experienced and versatile team to the expanding Inszone organization. Insurance Resources Group was founded in 1996 by Kenton Grigg and Lora …
Date: Thursday, April 16, 2026

Severe Storms Damage Communities From the Plains to the Midwest
A day after severe storms damaged communities in the Plains and the Midwest, forecasters warned that storms could bring giant hail, tornadoes and severe wind gusts to the regions again in the coming days. Authorities in Kansas reported several people …
Date: Thursday, April 16, 2026

NYC Heat Builds as Midwest Faces Bigger Storm Threat
While New York and the East Coast bake under an early-season heat spell, the Great Plains, Midwest and parts of the Northeast were pounded by wind and hail Wednesday and face a larger threat Friday. Sporadic power outages, along with …
Date: Thursday, April 16, 2026

Texas Sees Power Demand Quadrupling by 2032 on Data Center Boom
The Texas grid operator warned power demand may quadruple from recent record levels by 2032 to feed booming data-center expansion and population growth, an increase that would require the equivalent of almost 300 new nuclear reactors. The Electric Reliability Council …
Date: Thursday, April 16, 2026

Markets/Coverages: Allstate Offers Free ID Theft Protection; NFP Starts US Flood Practice
Allstate said it is starting to provide its customers with identity theft protection at no additional cost This added value expands recovery from physical damage to homes and cars to include digital protection as peak storm season approaches. The benefit …
Date: Thursday, April 16, 2026

AI Use in Cybersecurity Could Show Holes in Short Term, Says Fitch
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11% but, according to Fitch Ratings, there are some underwriting concerns brought on by developments with artificial intelligence. Fitch said …
Date: Thursday, April 16, 2026

People Moves: Tokio Marine Kiln Promotes Spencer and Burgess to Lead Fine Art & Specie; HDI Global Taps Beblo From Everest as Global Head of Property Underwriting
This edition of International People Moves details appointments at Tokio Marine Kiln and HDI Global. A summary of these new hires follows here. Tokio Marine Kiln Promotes Spencer and Burgess to Lead Fine Art & Specie Tokio Marine Kiln (TMK) …
Date: Thursday, April 16, 2026

Grange Insurance Association Rebranding as Granwest Insurance
Seattle, Washington-based Grange Insurance Association will rebrand as Granwest Insurance. The new name reflects both the organization’s agricultural roots and its focus on the communities it serves. “Gran” comes from the Latin word gr?num (seed), and “West” represents the region …
Date: Thursday, April 16, 2026

Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It
The Old Dutch Mustard Co., a mustard and vinegar manufacturing company, and its owner were sentenced last Friday in federal court for knowingly discharging acidic water into the Souhegan River that runs through southern New Hampshire. The sentencing came after …
Date: Thursday, April 16, 2026

Toxic Gas-Emitting Plants Get Pollution Reprieve Under Trump
After teacher Janet Rau learned that a carcinogenic gas was being released from an industrial plant near her school in 2019, she started a campaign for more oversight. Five years later, the Environmental Protection Agency issued rules requiring facilities that …
Date: Thursday, April 16, 2026

Maryland Secures $2.2 Million Lead Paint Settlement From Tower Owner and Contractor
The owner of a Baltimore broadcast tower and its painting contractor will pay $2.2 million to the state of Maryland for allowing lead paint chips and debris to spread across surrounding neighborhoods, contaminating parks, playground and daycare locations. Attorney General …
Date: Thursday, April 16, 2026

Sanctioned Russian Oil Ships Using Fake Insurance, Ukraine Says
A number of Russian shadow fleet tankers are transporting oil with insurance certificates from a company that doesn’t exist as it’s described in the documents, according to an intelligence assessment from Ukraine. Seaguard P&I, based in Pinneburg, Germany provided an …
Date: Thursday, April 16, 2026

Zantac Suits Tossed by Delaware Judge for Flawed Cancer Link
A Delaware judge threw out lawsuits seeking to link the heartburn drug Zantac to cancer, freeing makers of the product from facing trials in the state over the cases. Superior Court Judge Francis “Pete” Jones concluded Monday lawyers for ex-Zantac …
Date: Thursday, April 16, 2026

US and Iran Weigh Truce Extension With Hormuz Still Shuttered
The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait …
Date: Thursday, April 16, 2026

Sweden Sees Russia Intensifying Cyber Attacks on Infrastructure
Russia’s intelligence services are now seeking to damage European infrastructure with cyber attacks rather than merely overwhelm websites with excess traffic, Swedish Civil Defense Minister Carl-Oskar Bohlin said. “Over the past year, Russia’s methods have shifted,” Bohlin said during a …
Date: Thursday, April 16, 2026

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