Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Affirms Credit Ratings of Ping An Property & Casualty Insurance Company of China, Ltd
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Ping An Property & Casualty Insurance Company of China, Ltd (Ping An ...
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Source: BestWire

Florida Approves Three More Homeowners Writers, Boosting Post-Reform Number to 20
Three more property/casualty carriers are entering a market where competition is thriving since legislative reforms were enacted, according to Florida Insurance Commissioner Mike ...
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Source: BestWire

Oklahoma Hosting Homeowners Market Hearing Following File, Use Bill Signing
The Oklahoma Department of Insurance said it will host a hearing on competition in the state’s home insurance market, an announcement triggered by the recent enactment of file-and-use ...
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Source: BestWire

Allstate: Pretax Cat Losses Could Reach $870 Million in April, Largely From Two Events
Allstate Corp. incurred an estimated $870 million in pretax catastrophe losses in April from 10 wind-and-hail events, it said. Two events were notably damaging, generating about 70% of the ...
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Source: BestWire

Connecticut Eases Rules for E&S Lines Placement
Connecticut enacted a law eliminating due-diligence requirements and related documentation rules agents and brokers had to follow prior to placing a risk in the excess and surplus lines ...
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Source: BestWire

European Firm Orvia Underwriting Enters Dutch Market Aimed at High Net Worth Business
Pan-European managing general agent platform Orvia Underwriting has entered the Dutch market, as it transitions to a scalable, international organization. Orvia Underwriting said in a statement ...
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Source: BestWire

Providence Health Plan Exiting Most Insurance Lines in 2027
Providence Health Plan said it will exit most of its health insurance lines of business starting in 2027. The company said the decision will affect its individual, family, employer group and ...
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Source: BestWire

Acrisure Plans to Lay Off 11% of Workforce as Tech, AI 'Fundamentally' Change Business
Global broker Acrisure plans to lay off about 11% of its workforce as advancing technology and artificial intelligence fundamentally changes how businesses operate, according to a memo distributed to ...
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Source: BestWire

Markel Insurance Names Head of Fine Art and Specie
Markel Insurance has appointed Danny O’Donoghue to head of fine art and specie, effective immediately. O’Donoghue will be based in London and will be responsible for leading the strategic and ...
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Source: BestWire

MGA Platform Sands Point Risk Acquires Launch Environmental Underwriters
Multi-program managing general agent platform Sands Point Risk has acquired Launch Environmental Underwriters in what the company said is its largest acquisition to date. Sands Point said Launch ...
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Source: BestWire

Generali Exec Eyes Inflation as Portugal's Storm Kristin Exceeds Loss Budget
Assicurazioni Generali S.p.A. is wary of inflation linked to rising oil prices but sees opportunities for property/casualty pricing while Portugal's Storm Kristin exceeded the group's first-quarter ...
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Source: BestWire

AM Best Affirms Credit Ratings of Nacional de Seguros S.A. Compañía de Seguros Generales
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Nacional de Seguros S.A. Compañía de Seguros Generales (Nacional de Seguros) ...
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Source: BestWire

Weekly Calendar: AM Best Participating in Several Events, Including the CAS Seminar on Reinsurance
AM Best will be participating in several notable events, including the Mercado Asegurador Reinsurance Seminar in Buenos Aires, the 2026 CAS Seminar on Reinsurance, the Philippine Insurance Summit ...
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Source: BestWire

AM Best Upgrades Credit Ratings for Members of Healthcare Providers Insurance Group
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Healthcare Providers ...
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Source: BestWire

AM Best Affirms Credit Ratings of Lumen Re Ltd.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook of these Credit ...
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Source: BestWire

Markel, Willis Launch Nuclear Facility Amid Rising Energy Demand
Markel International and broker Willis launched an insurance facility to provide capacity for the nuclear sector amid rising energy demand. The facility will provide capacity for nuclear ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Judge Refuses to Delay Civil Trial Over Fatal Baltimore Bridge Collapse
A federal judge on Wednesday refused to postpone a trial that is scheduled to start next month for civil claims stemming from the 2024 collapse of Baltimore’s Francis Scott Key Bridge, rejecting a request for a delay by companies involved …
Date: Friday, May 22, 2026

US P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years
The U.S. property/casualty insurance industry posted another record in the first quarter of 2026, with a combined ratio of 89.5—before policyholder dividends—standing as the best first-quarter underwriting result in at least 25 years. The insight comes from S&P Global Market …
Date: Friday, May 22, 2026

Vermonters to Vote on Equal Protection Amendment to State Constitution
Vermont voters will have the chance to weigh in on another amendment to the state’s constitution this fall. The proposal, which got a final sign-off from the House last Wednesday, is aimed at ensuring all people are treated equally under …
Date: Friday, May 22, 2026

Ebola Outbreak Likely Started Months Ago, Spread Undetected: WHO
The Ebola outbreak probably started months ago in central Africa and spread undetected until a super-spreader event in early May, possibly a funeral, World Health Organization officials said. The rare Bundibugyo strain circulated for “a couple months” before being identified …
Date: Friday, May 22, 2026

Satellite Images Show Persian Gulf Oil Slicks Growing During War
Ecologists are concerned that the war in the Middle East risks creating an environmental disaster, as satellite images show that the number of oil slicks in the Persian Gulf has increased significantly since the beginning of the conflict in the …
Date: Friday, May 22, 2026

Shell in Top Dutch Court Fight Over Call to Slash Emissions
Shell Plc is facing off with climate activists at the top Dutch court over demands for legally enforceable emissions cuts on Europe’s biggest oil and gas company. The Netherlands branch of Friends of the Earth, Milieudefensie, is try to convince …
Date: Friday, May 22, 2026

Ohio Man Sentenced for Causing $860K in Computer Fraud Losses
A 36-year-old Ohio man has been sentenced for computer fraud after causing more than $860,000 in losses, Acting U.S. Attorney John G.E. Marck announced. Maxwell Schultz, Columbus, Ohio, pleaded guilty Nov. 18, 2025. Senior U.S. District Judge Lee H. Rosenthal …
Date: Friday, May 22, 2026

People Moves; Church Mutual Names Kim as CFO, Promotes Schmeltzer to VP of Underwriting, Religious Markets
Church Mutual announced several leadership appointments to support its continued growth and operational focus. The company announced Daniel Kim has joined the company as senior vice president and chief financial officer, reporting to president and CEO Alan Ogilvie. Kim brings …
Date: Friday, May 22, 2026

US Finalizes Easement for Dakota Access Crude Oil Pipeline
The US Army Corps of Engineers finalized an easement for a stretch of the Dakota Access pipeline that passes under a North Dakota lake, ending a years-long environmental review of the hotly contested oil conduit. The record of decision issued …
Date: Friday, May 22, 2026

Rainy April Delays Corpus Christi’s Projected Water Crisis by 3 Months
A projection for when Corpus Christi expects to reach a water crisis was pushed back by three months after a wet April brought enough rain to delay an emergency but too little to quench a brutal drought. The city was …
Date: Friday, May 22, 2026

Arkansas Lawsuit Alleges Discrimination by White Nationalist Group in Land Sale
A real estate broker says an organization denied her the opportunity to purchase land in an Arkansas development because of her Jewish ancestry, and because she has a Black husband and biracial children, according to a lawsuit filed Wednesday in …
Date: Friday, May 22, 2026

People Moves: Howden Names Jimenez Leader of US Aviation Practice; Liberty Promotes Hyatt to Head NA Distribution, Client Engagement
Howden, the global insurance broking group, launched its new U.S. Aviation Practice, led by Julio Jimenez, aviation practice leader. Jimenez is a seasoned leader whose ability to build and inspire teams is matched by his experience and expertise across the …
Date: Friday, May 22, 2026

Markets/Coverages: Canopius Insures Cyber-Triggered Spoilage of Perishable Stock
Canopius Group, the London-based specialty and property/casualty re/insurer, announced the launch of a spoilage product, a cyber-triggered spoilage cover designed to protect businesses when a cyber incident renders their perishable stock unsellable. When cyber incidents impact the systems that manage …
Date: Friday, May 22, 2026

Airbus, Air France Found Guilty of Manslaughter Over 2009 Atlantic Crash
A French appeals court found Airbus and Air France guilty of corporate manslaughter on Thursday over the Rio-Paris plane crash, but a 17-year legal battle over the country’s worst aviation disaster is set to continue. “Justice has absolutely been done,” …
Date: Friday, May 22, 2026

Meta Settles First Case Over School Costs Tied to Youth Mental Health: Court Filing
Meta Platforms on May 21 settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement …
Date: Friday, May 22, 2026

Shareholders Press Big Tech Over AI Energy Use and Climate Goals
Activist investors are pushing technology companies to explain how they’re reconciling surging electricity demand for AI with their climate commitments. Shareholders at Amazon.com Inc. voted on a proposal asking the firm to disclose more information. Voting is open for shareholders …
Date: Friday, May 22, 2026

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