Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Market Segment Report: U.S. Director & Officers’ Liability Remains Profitable, But Warning Signs Are Evident
Premium generated from U.S. directors and officers’ (D&O) liability coverage declined for a fourth straight year in 2025, reflecting heightened competition in the segment as warning signs loom over ...
Date:
Source: BestWire

Aon: Severe Storms Likely Leave Hundreds of Millions of Dollars of Losses on Three Continents
Insurers in the United States, Europe and Australia each incurred what is likely to be hundreds of millions of dollars of losses from late May and early June severe storms, according to Aon. In ...
Date:
Source: BestWire

AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently issued $750 million, 6.2% senior unsecured notes, due June 2056, of Fairfax Financial Holdings Limited ...
Date:
Source: BestWire

Howard Hughes Holdings Completes $2.1 Billion Vantage Acquisition
Howard Hughes Holdings Inc. has completed its $2.1 billion acquisition of specialty insurer and reinsurer Vantage Group Holdings Ltd. With the closing, HHH is infusing $200 million of capital in ...
Date:
Source: BestWire

Experienced Politicians, Insurance Pro Pull Ahead in California Commissioner Race
Jane Kim, a former San Francisco supervisor and political operative, state Sen. Ben Allen and insurance professional Stacy Korsgaden are carrying early leads in the primary elections for California ...
Date:
Source: BestWire

AM Best Upgrades Issuer Credit Ratings of National Security Fire and Casualty Company and National Security Insurance Company; Upgrades Credit Ratings of Omega One Insurance Company, Inc.
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of National Security Fire and ...
Date:
Source: BestWire

Allianz Partners Agrees to $35.7 Million Deal for Remaining Nib Travel Insurance Business
Allianz Partners said it has agreed to acquire a large portion of nib's travel insurance business in Australia and New Zealand in an A$50 million ($35.7 million) deal. A$20 million of that is ...
Date:
Source: BestWire

Missouri Insurance Department: More Than $2.9 Billion Paid on 2025 Cat-Weather Claims
Property/casualty insurers have paid out more than $2.9 billion in claims related to 2025 serve weather events, including May tornado that hit St. Louis, as of May 25, the Missouri Department of ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. 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 Aetna Life Insurance Company (ALIC) (Hartford, ...
Date:
Source: BestWire

US Labor Stats Bureau: Insurance Industry Loses 10,700 Jobs in May
The United States insurance industry lost 10,700 positions in May compared with the month prior, according to preliminary figures from the U.S. Labor Department's Bureau of Labor Statistics. The ...
Date:
Source: BestWire

AM Best Assigns Issue Credit Rating to Chubb INA Holdings LLC’s Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings LLC’s (Chubb) (Delaware) recently announced CAD 800 million issuance of senior unsecured notes in the ...
Date:
Source: BestWire

AM Best Assigns Issue Credit Ratings to The Northwestern Mutual Life Insurance Company’s New Surplus Notes
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “aa” (Superior) to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life ...
Date:
Source: BestWire

AM Best Upgrades Credit Ratings of East Caribbean Reinsurance Company Limited
AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of East Caribbean Reinsurance Company Limited ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of TDC Insurance Company Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of TDC Insurance Company Limited (TDCIC) (St. Kitts and Nevis). The ...
Date:
Source: BestWire

Weekly Podcast Highlights - June 5
Among this week's insurance industry podcast highlights, an Aon unit president discusses how weather, flooding and protection gaps are changing risk management, and LIMRA's head of research talks ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Associated Electric & Gas Insurance Services Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Associated Electric & Gas Insurance Services Limited (AEGIS) ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

UK’s Legal & General Says Energy Transition Is ‘Alive and Well’
Investors are underestimating the pace of the energy transition, putting both financial returns and climate goals at risk, according to Legal & General Group Plc. In a report published Monday, the UK insurer and asset manager warned against what it …
Date: Monday, June 8, 2026

People Moves: Maine Insurance Superintendent Carey Retires
Superintendent Robert Carey retired from the Maine Bureau of Insurance (BOI) on June 5, the Department of Professional and Financial Regulation announced. Deputy Superintendent Tim Schott has been named acting superintendent. Nominated by Governor Janet Mills as superintendent in 2024, …
Date: Monday, June 8, 2026

Trump Approves $700 Million in Bid to Revive Coal Industry
President Donald Trump said he would marshal hundreds of millions of US taxpayer dollars behind his bid to revitalize the coal industry in America, steering funds to build new power plants, sustain existing operations and construct an export terminal in …
Date: Monday, June 8, 2026

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz. “We declare a complete and total ban on Israeli …
Date: Monday, June 8, 2026

Update: Iran Announces End to Attacks on Israel Following Trump’s Plea
Iran signaled an end to its current military operations against Israel just after US President Donald Trump said the two sides were looking to agree to an immediate ceasefire following a series of tit-for-tat strikes that threatened to derail talks …
Date: Monday, June 8, 2026

Merck to Settle Bulk of Gardasil Suits for About $50 Million
Merck & Co. says it will settle a spate of lawsuits that blame the drugmaker’s blockbuster Gardasil cancer vaccine for causing autoimmune ailments that affect young women’s hearts and reproductive systems for an amount that is “not material” to the …
Date: Monday, June 8, 2026

Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk
When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small. “It was a tough search,” says Parikh, who …
Date: Monday, June 8, 2026

Paramount to Face Legal Challenge From States on Warner Deal
The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal. After investigating for months whether …
Date: Monday, June 8, 2026

Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs
A longtime Atlanta-area insurance agent has been indicted and arrested after allegedly keeping premium payments and issuing fake certificates of insurance. Charles Curtis Poteet IV, of Duluth, Georgia, was indicted in late May by a Gwinnett County grand jury, and …
Date: Monday, June 8, 2026

California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
Date: Monday, June 8, 2026

Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death
Karen Read has filed a lawsuit against the Massachusetts State Police and the town of Canton, alleging misconduct and negligence in the investigation that led to her prosecution in the death of her Boston police officer boyfriend. The lawsuit filed …
Date: Monday, June 8, 2026

Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement
Texas Children’s Hospital in Houston has to create a detransition clinic for transgender patients later this year and keep a list of “potential” gender affirming care patients, according to new details released Monday by the Texas Attorney General’s Office. According …
Date: Friday, June 5, 2026

Tech Update: WTW Launches Transformation Solution to Focus AI Implementation
Insurance broker WTW announced the launch of its AI Workforce Transformation solution which helps companies focus AI where it is expected to deliver productivity and growth gains through redesigned work, jobs and strong employee adoption. Addressing the imperative facing CEOs …
Date: Friday, June 5, 2026

Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case
Ohio State University agreed Wednesday to pay approximately $100 million to settle legal claims from hundreds of former student athletes who said they were sexually abused decades ago by a doctor at the university. The school has fought lawsuits in …
Date: Friday, June 5, 2026

Iowa’s Water Pollution Threatens Recreational Activities and Public Health
Hannah Ray J Childs propelled her kayak into a rapid on Iowa’s Maquoketa River on a recent afternoon and dipped her paddle in the water to swing the front of her boat into the air. She loves to spend her …
Date: Friday, June 5, 2026

People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
This edition of International People Moves details claims appointments at Aon and Canopius. A summary of these new hires follows here. Aon Promotes Navas as Chief Claims Officer for EMEA Insurance broker Aon plc has appointed José María Navas as …
Date: Friday, June 5, 2026

Cheaper Auto Insurance Zip Code: