Insurance Level News and Press

AM Best Rating Acitivity and News

Weekly Podcast Highlights - Feb. 27
The chief executive officer of INTX discusses structural shifts in insurtech and workforce skill demands in a sector that is automating and an AM Best economist discusses the resilient U.S. economy ...
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Source: BestWire

Brit Boosts 2025 Profit Despite Rising Rate Pressure
Brit Group posted higher 2025 net profit despite rising pressure on rates and terms. It is the company's first financial results since it reconstituted after the separation of Ki Financial Ltd. ...
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Source: BestWire

PartnerRe Approved for Reinsurance Branch in India's GIFT City
PartnerRe Ltd. said it gained regulatory approval to establish a branch office in India's GIFT City, the latest in a string of reinsurers to do so. The new operation will be part of PartnerRe's ...
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Source: BestWire

AM Best Maintains the Under Review with Positive Implications Status for Credit Ratings of Aspen Insurance Holdings Limited and its Rated Subsidiaries
AM Best has maintained the under review with positive implications status for the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Aspen ...
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Source: BestWire

Amerisafe CEO: Higher Severity Drives Fourth-Quarter Net Income Down 21% to $10.4 Million
Amerisafe Inc.'s fourth-quarter net income declined 21% to $10.4 million after it was hit with higher-than-anticipated loss severity, according to President and Chief Executive Officer Janelle ...
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Source: BestWire

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Japan’s Life Insurance Segment
AM Best has maintained its stable outlook on Japan’s life insurance segment, noting among other factors annualised premiums in force that are expected to remain broadly steady along with greater ...
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Source: BestWire

AM Best Revises Outlooks to Positive for ICICI Lombard General Insurance Company Limited
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of ...
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Source: BestWire

AM Best: Rate Action, Investment Gains Drive US P/C Results Despite Headwinds
Jacqalene Lentz, senior director, and David Blades, associate director, industry research and analytics, both of AM Best, discuss new research that finds improved property/casualty underwriting and ...
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Source: BestWire

AM Best Affirms Credit Ratings of RSUI Group’s Members
AM Best affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa+” (Superior) of RSUI Indemnity Company and its reinsured ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to MetLife, Inc.’s New Subordinated Debentures
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the newly issued $1 billion, 5.85% subordinated debentures, due March 15, 2056, issued by MetLife, Inc. (MetLife) ...
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Source: BestWire

Federal Court Considering State Farm Motion on RICO Allegations Tied to Claims Practices
A federal court in California is considering whether to allow fraud and racketeering allegations to go forward in a lawsuit claiming State Farm Mutual Automobile Insurance Co.’s actions before and ...
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Source: BestWire

Court Denies Request to Amend PRT Lawsuit Questioning Athene’s Risk Profile
A federal court denied plaintiffs’ request to amend a lawsuit challenging a $2.79 billion pension risk transfer deal over concerns over Athene Holdings Ltd. risk profile. In March 2025, the ...
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Source: BestWire

Annuity Sales Stay Elevated in Fourth Quarter, a Bright Spot for Several Life Insurers
Annuities remained on a roll in the fourth quarter of 2025, as the growth seen in recent years continued amid volatility in the macroeconomic climate. At Lincoln Financial Group, total annuity ...
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Source: BestWire

Axa CEO: Retail, Technology Among Key Growth Drivers Going Forward
Axa SA looks to expand its retail and technology capabilities, and the group expands across lines and regions, its chief executive officer said. Risks including an aging population, technology, ...
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Source: BestWire

Farmers Insurance Sees RICO Lawsuit Dismissed Over Delayed Filings, Due Diligence Issues
The United States Fifth Circuit Court of Appeals dismissed a fraud and racketeering lawsuit against a group of medical providers filed by Farmers Insurance Co. affiliates, which failed to timely ...
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Source: BestWire

HCI Quarterly Net Income Up 26-Fold at Close of Hurricane-Free Year
HCI Group Inc.'s fourth-quarter net income increased 26-fold to $108 million, from $4.1 million a year earlier as premiums in force increased and losses dropped at the close of a hurricane-free year ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

State Farm to Issue $136M in Dividends to Louisiana Drivers
State Farm will issue dividends to Louisiana drivers totaling $136 million following stronger than expected underwriting performances nationally. State Farm, which writes approximately 30% of the personal auto insurance market in Louisiana, will send the dividend to policyholders this summer, …
Date: Friday, February 27, 2026

Higginbotham Acquires Illinois-Based Monarch Solutions
Higginbotham announced it has acquired Monarch Solutions Inc., a firm that supports high-net-worth individuals with insurance related strategies that are intended to provide tax savings and estate liquidity. Monarch founder and now Higginbotham Managing Director Kevin Klaas will be based …
Date: Friday, February 27, 2026

From Dating Scams to Fake Lawyers: OpenAI Details ChatGPT Misuse
OpenAI said it banned accounts linked to Chinese law enforcement, romance scammers and influence operations, including a smear campaign against Japan’s first woman prime minister, in a report detailing the misuse of its ChatGPT technology. The company said several accounts …
Date: Friday, February 27, 2026

Fire at Ohio Hog Farm Complex Kills 6,000 Pigs
A fire at an Ohio hog farm complex killed about 6,000 pigs and unleashed a large plume of smoke that could be seen for miles across the rural landscape, an official said. Multiple fire departments responded amid sustained winds of …
Date: Friday, February 27, 2026

Sinkhole Swallows Vehicles at Busy Intersection in Omaha, Nebraska
Surveillance video captured the dramatic moment a sinkhole opened up on a busy intersection in south-central Omaha, Nebraska, swallowing up two vehicles. The incident happened Tuesday afternoon in a trendy section of the Midwest city, when a sport utility vehicle …
Date: Friday, February 27, 2026

Pentagon Laser Downs Customs Border Patrol Drone in Texas
The Pentagon accidentally shot down a US Customs and Border Protection drone on the Texas border with Mexico using a high-energy laser, according to people familiar with the matter, weeks after a similar incident led to confusion and exposed communication …
Date: Friday, February 27, 2026

Former Tennessee Agent Charged With Keeping Premium Payments
A Tennessee man was released on bond after he was indicted for allegedly collecting premiums then absconding with the money. Richard Darrel Wolfe, 67, of Hendersonville, was indicted by a Sumner County grand jury last week, charged with 14 counts …
Date: Friday, February 27, 2026

CDC Declares ByHeart Infant Botulism Outbreak Over, Probe Continues
The U.S. Centers for Disease Control and Prevention declared the multistate infant botulism outbreak linked to ByHeart powdered infant formula over on Feb. 26, while health officials continue investigating for the root cause of the contamination. The CDC and the …
Date: Friday, February 27, 2026

US Judge Again Refuses to Allow New Hampshire to Abolish Auto Inspections
The state of New Hampshire and a federal judge remain on a collision course over the fate of the state’s motor vehicle safety and emissions inspection program. An injunction against a new law that sought to abolish the mandatory inspection …
Date: Friday, February 27, 2026

Zurich Insurance Said to Near Beazley Deal Funded by Equity Sale Next Week
Zurich Insurance Group AG is nearing an agreement to acquire UK specialty insurer Beazley Plc and raise billions of dollars in equity to help fund the deal, according to people familiar with the matter. The Swiss insurer is likely to …
Date: Friday, February 27, 2026

Crews Battled a 25,000-Acre Wildfire Near Florida’s ‘Alligator Alcatraz’
Crews in South Florida were trying to contain a wildfire in Big Cypress National Preserve that had burned more than 25,000 acres (100 square kilometers) near the immigration detention facility known as ” Alligator Alcatraz ” as of Wednesday. The …
Date: Friday, February 27, 2026

After Hedge Fund Interest, UK’s Flood Re Plans More Cat Bonds
Britain’s ultimate backstop against flood-related losses is planning to rely more on the capital markets, after its first ever catastrophe bond drew a lot of interest from specialist investors including hedge fund Fermat Capital Management. Flood Re, a state-backed insurance …
Date: Friday, February 27, 2026

How China Is Masking Drone Flights in Potential Taiwan-Invasion Rehearsal
A large Chinese military drone has conducted regular flights over the South China Sea in recent months while transmitting false transponder signals that made it appear to be other aircraft, including a sanctioned Belarusian cargo plane and a British Typhoon …
Date: Friday, February 27, 2026

Heavy Rains Kill Dozens in Southeast Brazil as Flood Risks Mount
Heavy rains that began Monday night have left dozens dead and caused widespread destruction in southeastern Brazil, exposing a longstanding structural problem of housing in high-risk areas vulnerable to seasonal downpours. Storms in the state of Minas Gerais caused rivers …
Date: Friday, February 27, 2026

Corporate Treasuries Are Slow to Adopt AI, Survey Finds
Treasury departments in global companies are struggling to adopt artificial intelligence tools, according to a Crisil Coalition Greenwich survey, underscoring how slowly the technology is penetrating a critical function in corporate finance. Crisil’s survey of 100-plus firms from the US, …
Date: Friday, February 27, 2026

Amazon Loses Bid to Throw Out 2 Mass Lawsuits From UK Retailers, Consumers
Amazon on Thursday lost its latest bid to try to throw out two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.41 billion) for allegedly abusing its dominant position. Andreas Stephan, a competition law academic, brought …
Date: Friday, February 27, 2026

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