Insurance Level News and Press

AM Best Rating Acitivity and News

Request to Modify Geisinger Acquisition Plan, Lower RBC Requirements Faces Opposition
A request to modify Kaiser Foundation Hospitals and Risant Health Inc.’s plan to acquire Geisinger Indemnity Insurance Co. and related companies is facing opposition over concerns about the lowering ...
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Source: BestWire

AM Best Revises Outlooks to Negative for Oswego County Mutual Insurance Company
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Oswego County Mutual ...
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Source: BestWire

AM Best Affirms Credit Ratings of CNO Financial Group, Inc. and Its Life/Health 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 insurance subsidiaries of CNO ...
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Source: BestWire

Baldwin Group Launches Member-Owned Construction Captive Azimuth Re
Independent brokerage and advisory firm Baldwin Group launched Azimuth Re Ltd., a member-owned captive the company said is tailored to its construction clients. Baldwin Group, which handles both ...
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Source: BestWire

InsurTech Fund Partner: Embedded Insurance Set to Dominate as AI Drives Shift
Tarun Chopra, venture partner, InsurTech Fund, discusses how embedded insurance and artificial intelligence are changing distribution, fueling investment in cyber, parametric and climate solutions. ...
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Source: BestWire

Marsh Raises Cyber Echo Facility Limit to $200 Million
Marsh Risk raised the limit of its Cyber Echo insurance facility to $200 million as part of an annual features update. Cyber Echo now offers all clients a free coverage reinstatement option and a ...
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Source: BestWire

AM Best Affirms Credit Ratings of FAIR Oil & Energy Insurance Syndicate
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of FAIR Oil & Energy Insurance Syndicate (the Syndicate) (Bahrain). The outlook ...
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Source: BestWire

AM Best Assigns Credit Ratings to Sociedad de Seguros Mutuos Marítimos de Vigo, Mutualidad de Seguros y Reaseguros a Prima Fija
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) to Sociedad de Seguros Mutuos Marítimos de Vigo, Mutualidad de Seguros y Reaseguros ...
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Source: BestWire

Oregon Adopts Rules on Premium Notifications, Affordable Housing Premium Assistance Program
The Oregon Department of Consumer and Business Services adopted regulations to update notification requirements for personal lines premium increases and create the Affordable Housing Premium ...
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Source: BestWire

Rokstone Dubai Launches International Casualty Binder in Middle East Expansion
Rokstone, a specialty (re)insurance managing general agent, said it has launched a new international casualty binder from its Dubai office in a move that will expand its footprint in the Middle ...
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Source: BestWire

CMS Finalizes Higher-Than-Expected 2027 Medicare Advantage Payment Rates
The Centers for Medicare and Medicaid Services finalized a higher-than-expected 2.48% net average rate increase for 2027 Medicare Advantage and Part D payments. The finalized rate is higher than ...
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Source: BestWire

SDNY US Attorney: Leader of ‘Extensive’ No-Fault Auto Scheme Arrested
The leader of an alleged “extensive” no-fault automobile insurance scheme that charged tens of millions of dollars in fraudulent claims was taken into federal custody earlier this month, the United ...
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Source: BestWire

Mutual of Omaha Completes Reorganization as a Mutual Holding Company
Mutual of Omaha Holding Co. recently completed a planned reorganization following state approvals. The Nebraska Department of Insurance issued a Certificate of Authority and Final Order approving ...
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Source: BestWire

Florida-Based American Integrity Insurance Group Appoints New CFO
Florida-based American Integrity Insurance Group Inc. appointed Brian Foley to succeed Ben Lurie as chief financial officer. Lurie will transition to a consulting role and continue to serve on ...
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Source: BestWire

Penn Mutual Sees Net Income Fall in 2025 as Revenue Drops
Penn Mutual Life Insurance Co. saw its net attributable income drop to $519.6 million in 2025 from $1.33 billion a year earlier as total revenue was down and policyholder benefits rose, according to ...
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Source: BestWire

Liberty Specialty Markets Appoints Divisional Director, Delegated Authority Practice
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, appointed Winsee Cheung to divisional director, delegated authority practice. In her new role, Cheung will be responsible for ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images
The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to …
Date: Wednesday, April 8, 2026

Texas Cannabis Businesses Sue State to Block Smokeable Hemp Ban
Texas hemp industry leaders and advocacy groups have sued the state to block new regulations that eliminate natural smokeable hemp products and increase licensing fees. The Texas Hemp Business Council, Hemp Industry & Farmers of America, and several Texas-based dispensaries …
Date: Wednesday, April 8, 2026

South Dakota Construction Company Sued Over Whistleblower’s Firing
The U.S. Department of Labor has filed suit against a Valley Springs, South Dakota construction contractor for the wrongful termination of an employee who reported a severe work-related injury. An investigation by the department’s Occupational Safety and Health Administration found …
Date: Wednesday, April 8, 2026

Waco Business Earns TDI’s Lone Star Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has honored Laminate Technologies Inc. in Waco, Texas, with the Lone Star Safety Award for exceptional dedication to protecting its employees through a strong and proactive safety program. This facility’s …
Date: Wednesday, April 8, 2026

NFP Acquires Minnesota’s Sherman
NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, announced the acquisition of Sherman Insurance Agency, Inc., a full-service agency specializing in trucking, commercial, personal and benefits insurance solutions. Based in South St. Paul, Minnesota, …
Date: Wednesday, April 8, 2026

Investors Press Amazon, Microsoft and Google on Water, Power Use in Data Centers
Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects. More than a dozen investors are cranking …
Date: Wednesday, April 8, 2026

UBS Loses Bid to Limit Liability for Nazi-Linked Crimes, Judge’s Ruling Shows
A U.S. judge on Tuesday rejected UBS’ bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by shielding it from claims based on new revelations about Nazi-linked accounts. U.S. District Judge Edward Korman in …
Date: Wednesday, April 8, 2026

Risk Strategies Claims Ex-Employees’ Talent and Customer Raid Has Cost It $900K
Boston-based specialty insurance broker Risk Strategies Co. is suing two former employees and their new employer for allegedly stealing customers and poaching employees in a scheme the firm says has thus far cost it nearly $900,000 in revenue. On March …
Date: Wednesday, April 8, 2026

Russia-Linked Hackers Hijack Routers to Steal Passwords, UK Says
Russian government-linked hackers are compromising popular internet routers to steal passwords for email accounts and other online services, the UK’s National Cyber Security Centre has warned. The hackers, a group known as APT28, are associated with Russia’s GRU military intelligence …
Date: Wednesday, April 8, 2026

Resuming Normal Shipping to Take 6-8 Weeks Once Middle East Stabilizes: Hapag-Lloyd
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take at least …
Date: Wednesday, April 8, 2026

Markets/Coverages: Marsh Risk Enhances Cyber Facility With Up to $200M of Capacity
Insurance broker Marsh Risk, the Marsh subsidiary, announced that its Cyber ECHO facility now provides Marsh clients with up to $200 million of cyber insurance. Marsh Risk describes Cyber ECHO as the largest cyber insurance facility of its kind in …
Date: Wednesday, April 8, 2026

Maersk Cautious on Strait of Hormuz Shipping Despite US-Iran Ceasefire
Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet provide enough security certainty to resume normal operations. “At this point, we …
Date: Wednesday, April 8, 2026

Update: US, Iran Agree to Two-Week Ceasefire as Israel Escalates Parallel War in Lebanon
Relief over a truce between the United States and Iran gave way on Wednesday to alarm that fighting was still raging across the region, as Israel launched its biggest attacks yet on Lebanon, and Iran struck Gulf neighbors’ oil facilities. …
Date: Wednesday, April 8, 2026

Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped
Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz and, at least in theory, provide an exit window for more than 800 vessels trapped in the Persian Gulf. The …
Date: Wednesday, April 8, 2026

Traveling for Business? Don’t Forget to Pack Your Emergency Preparedness Plan
We live in risky times. War with Iran, the ongoing conflict between Russia and Ukraine, Mexican cartels—global tensions are at an all-time high. The Department of State is advising Americans worldwide to exercise increased caution. And yet, C-suite and other …
Date: Wednesday, April 8, 2026

Truck Rates at Highest Since 2022 Add to Inflation Pressures
Skyrocketing fuel prices due to the Iran war are fanning the embers of transportation costs, which were already rising due to a shrinking pool of drivers in the US. Trucking operators saw diesel prices spike by almost 50% since the …
Date: Wednesday, April 8, 2026

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