Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Downgrades Credit Ratings of Curi Insurance Group’s Members; Places Credit Ratings Under Review With Negative Implications
AM Best has downgraded the Financial Strength Rating (FSR) to   A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of ...
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Source: BestWire

Hartford Appoints Head of Enterprise Sales and Distribution
Hartford appointed Natalie Burns to succeed Stephen Screen as head of enterprise sales and distribution, effective May 1. Screen was recently named head of alternative placement solutions in the ...
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Source: BestWire

Daiichi Life to Reinsure Whole Life Block With Prismic Life Subsidiary
Prismic Life Holding Co. LP said subsidiary Prismic Life Reinsurance International Ltd. has reached a deal with Daiichi Life Insurance Co. Ltd. to reinsure a yen-denominated in-force block of whole ...
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Source: BestWire

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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate recorded since 2017. Previous reports from S&P …
Date: Friday, April 10, 2026

People Moves: Chubb Names Rampe Global Head of Claims; The Hartford Promotes Burns to Lead Enterprise Sales and Distribution
Chubb Names Rampe Global Head of Claims Chubb Limited named Kevin Rampe senior vice president, Chubb Group, Global Claims Officer, responsible for global claims management. Rampe will also retain his responsibilities as head of North America Claims. In his expanded …
Date: Friday, April 10, 2026

NYC Helicopter Crash Prompts Push for New Tourist-Flight Rules
US lawmakers from New York City are backing a bill to hold sightseeing helicopters to commercial airline safety standards, one year after a crash that killed a Siemens AG executive and his family. Standing near the crash site over the …
Date: Friday, April 10, 2026

Parents Charged After Child Is Hurt Crawling Into Wolf Area at Zoo
The parents of a toddler who suffered a minor injury at a Pennsylvania theme park zoo after squeezing through a fence near a wolf enclosure and making contact with one of the animals have been charged with endangering the welfare …
Date: Friday, April 10, 2026

AM Best Revises Outlooks to Negative for Oswego County Mutual
AM Best reports it has revised the outlooks to negative from stable for Oswego County Mutual Insurance Co. based in Parish, New York. AM Best has also affirmed the insurer’s Financial Strength Rating of A (Excellent) and the Long-Term Issuer …
Date: Friday, April 10, 2026

Toilet Paper Warehouse Fire Investigators Review Viral Video
A local prosecutor is investigating a video posted on social media that appears to show a person setting fire to the California warehouse full of Kimberly-Clark Corp. toilet paper that was destroyed earlier this week. “We are aware of the …
Date: Friday, April 10, 2026

Good News for Nonprofits as Liberty Mutual Foundation Launches $600M Endowment
Corporate foundations’ philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies. Nonprofits received a reassuring answer this week, however, from the century-old, Boston-based …
Date: Friday, April 10, 2026

People Moves: Insurance Advisory Partners Names Caltavuturo as Partner
Insurance Advisory Partners, the investment bank focused exclusively on the insurance, insurance services and the insurtech industry, appointed veteran investment banker Lou Caltavuturo as a partner in the U.S. Based in New York, he will focus on broker/insurance distribution mergers …
Date: Friday, April 10, 2026

Judge Tosses PETA’s Lawsuit Against American Kennel Club Over Dog Breed Health
The animal rights group PETA’s lawsuit over the health of French bulldogs and some other popular dog breeds has been dismissed, with a judge saying a New York law was misapplied to the case. The suit, filed last year, marked …
Date: Friday, April 10, 2026

People: The Doctors Company Names Hayes Interim SVP of Claims
The Doctors Company named Brittnie Hayes interim senior vice president of claims. Hayes succeeds Michael Meyer, who is retiring after 42 years in the medical professional liability insurance industry. Hayes will lead the national claims team and oversee the planned …
Date: Friday, April 10, 2026

Wildfires Race Across US as Drought Spans Half the Nation
An unusually hot, snowless winter has fueled a fast start to the spring fire season across large swaths of the western,central and southeastern US, disrupting businesses and upending daily life. Nearly 19,000 have ignited nationwide since Jan. 1, about 6,900 …
Date: Friday, April 10, 2026

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

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