Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Affirms Credit Ratings of Lincoln National Corporation and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of The Lincoln National Life Insurance Company ...
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Source: BestWire

Best's News: NAIC Working on RBC, Tech and Climate Regulations at Upcoming Spring Meeting
During its upcoming spring meeting, the National Association of Insurance Commissioners will continue working on risk-based capital updates and climate-related issues, while its artificial ...
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Source: BestWire

Aon Estimates Severe March US Storm Losses at Billions of Dollars
Insured losses may reach billions of dollars from record-setting late-winter storms across the central and eastern United States, according to Aon. State Farm has taken in more than 13,000 claims ...
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Source: BestWire

Additional PHL Policyholders Attempting to Intervene in Rehabilitation
A group of PHL Variable Insurance Co. life policy and annuity holders are seeking limited intervention into the company’s rehabilitation proceedings in hopes of pursuing claims against third parties ...
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Source: BestWire

MedImpact Acquires Captives MHW Benefit Partners, MSL Captive Solutions
MedImpact Holdings Inc., a health solutions and benefits company, announced the acquisition of MHW Benefit Partners, formerly SRS Benefit Partners, and MSL Captive Solutions. The pharmacy ...
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Source: BestWire

CICA Elects New Board of Directors Chair
Prabal Lakhanpal, senior vice president, Spring Consulting Group, an Alera Group Co. LLC, was elected to chair the board of directors of the Captive Insurance Companies Association. Lakhanpal has ...
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Source: BestWire

Allianz SE Exec's Planned Retirement Makes Way for Changes to Board of Management
The Supervisory Board of Allianz SE made new leadership and portfolio changes within the Allianz SE board of management coinciding with the planned retirement of Klaus-Peter Röhler. Röhler will ...
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Source: BestWire

Louisiana Regulator Approves Southern Farm Bureau’s Louisiana Farm Mutual Acquisitions
The Louisiana Department of Insurance approved a plan that will see Louisiana Farm Bureau Mutual Insurance Co. demutualize and then be acquired by Southern Farm Bureau Casualty Insurance Co. The ...
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Source: BestWire

Oaktree Capital Management to Take Controlling Stake in A-Cap's Atlantic Coast Life
Advantage Capital Holdings LLC said it has signed a master transaction agreement with funds managed by Oaktree Capital Management L.P. for the investment firm to acquire a controlling stake in ...
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Source: BestWire

AM Best Revises Outlooks to Stable for Amica Mutual Insurance Company and Subsidiaries
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) ...
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Source: BestWire

AM Best Affirms Credit Ratings of Fianzas Avanza S.A de C.V.
AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Mexico National Scale Rating of “aa.MX” (Superior) of Fianzas Avanza S.A ...
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Source: BestWire

Mapfre Names CEO for Its Asset Management Firm
Mapfre has appointed Jorge Colomer to succeed Alvaro Anguita as the new chief executive officer of its asset management firm, Mapfre AM. Anguita successfully led the firm since its founding more ...
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Source: BestWire

Mitsui Sumitomo Completes $3.8 Billion Berkley Stake Acquisition
Mitsui Sumitomo Insurance Co. Ltd. said it has completed its $3.8 billion acquisition of a 15% stake in W.R. Berkley Corp. The subsidiary of MS&AD Insurance Group Holdings Inc. acquired the ...
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Source: BestWire

Perils Cuts Cyclone Alfred Losses to $1.32 Billion in Final Estimate
Perils AG put its final loss estimate for Australia's Cyclone Alfred at A$1.88 billion ($1.32 billion) as the storm proved difficult for insurers to measure due to its unusual progression. The ...
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Source: BestWire

Weekly Podcast Highlights - March 13
In this week's insurance industry podcast highlights, LIMRA's director of annuity research discusses a record breaking 2025 and Mapfre Re's CEO provides a roadmap for growth in 2026. This week's ...
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Source: BestWire

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of One Alliance North America Insurance Company
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of One Alliance North ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

‘Nation’s First’ Smoke Damage Standards Bill Wending Through California Legislature
A bill to create a statewide framework for handling wildfire smoke damage insurance claims is now making its way through California Legislature. The Smoke Damage Recovery Act, which primary backer Insurance Commissioner Ricardo Lara said stems from the recovery process …
Date: Friday, March 13, 2026

Insurers Under Allstate Group File Louisiana Rate Decreases for Personal Auto
Louisiana Insurance Commissioner Tim Temple announced this week that two insurers under the Allstate group have filed rate decrease for some personal auto policyholders. Temple has finalized the rate changes, the Louisiana Department of Insurance said. Imperial Fire & Casualty …
Date: Friday, March 13, 2026

Estee Lauder Companies Sues Perfumer Jo Malone, Zara UK for Using Malone Name
Cosmetics giant Estee Lauder Companies has filed a lawsuit against British entrepreneur Jo Malone, her fragrance brand “Jo Loves” and Zara’s UK business, it said on Thursday, over the use of Malone’s name on certain products. Estee Lauder Companies bought …
Date: Friday, March 13, 2026

Nine Claims Trends to Watch Through the Rest of 2026
Catastrophe, resilience, automation, digital transformation, personalization of the claims experience, talent strategies, operational flexibility—there are a mouthful of trends to talk about in the still-young year. A new report from Crawford & Company forecasts trends that will be reshaping the …
Date: Friday, March 13, 2026

Kentucky Launches $5 Million Roof Grant Program
Kentucky, far inland from where most hurricanes land but a place all too familiar with high winds and hail, has become the latest state to offer grants for stronger roofs. Gov. Andy Beshear announced this week that the Strengthen Kentucky …
Date: Friday, March 13, 2026

Judge Weighs If Penn Must Produce Jewish Employees’ Records for Antisemitism Probe
The federal government’s demand for information about the membership of Jewish groups from the University of Pennsylvania in an investigation into whether antisemitism has created a hostile environment for employees landed Tuesday before a federal judge who will decide whether …
Date: Friday, March 13, 2026

Only 3 in 10 Americans Review Insurance Annually, Says Big I Survey
Though people understand the importance and value of insurance, a policy is only something they think about when something goes wrong. According to a new survey from the Independent Insurance Agents & Brokers of America (the Big I), nine of …
Date: Friday, March 13, 2026

Delivery Service Company Faces Allegations of Pregnancy Discrimination in Louisiana
The U.S. Equal Employment Opportunity Commission (EEOC) filed an action in federal court to enforce a subpoena issued during its investigation into allegations against JamRock Solutions LLC. JamRock Solutions is an Amazon delivery service partner, and a charge received by …
Date: Friday, March 13, 2026

Markets/Coverages: Coalition Provides Expended Cyber Protection in Canada
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering expanded cyber cover in Canada. Coalition said its “Active Cyber Policy” expands protection for Canadian organizations facing faster-moving ransomware attacks, AI-enabled fraud, and growing regulatory …
Date: Friday, March 13, 2026

Iran’s New Supreme Leader Vows to Keep Hormuz Shut, Netanyahu Issues Threat
Iran will fight on and keep the Strait of Hormuz shut as leverage against the United States and Israel, new Supreme Leader Mojtaba Khamenei said on Thursday in defiant first comments attributed to him since he succeeded his slain father. …
Date: Friday, March 13, 2026

Satellite Firm ICEYE Targets €1 Billion Revenue Next Year
Finnish satellite intelligence company ICEYE Oy is on track to grow revenue to more than €1 billion ($1.2 billion) next year as a raft of government orders allows it to ramp up production. Revenue last year exceeded €250 million, more …
Date: Friday, March 13, 2026

Canadian Telecom Telus Says It’s Investigating Cyber Breach
Canadian telecommunications provider Telus Corp. said it’s investigating a cybersecurity incident. The breach involves “unauthorized access to a limited number of our systems,” a spokesperson for Telus Digital said by email. “Upon discovery, we took immediate steps to address the …
Date: Friday, March 13, 2026

Top Africa Insurer Sanlam Flags ‘Massive’ Risks From Iran War
Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance. The escalating tensions will hurt earnings of the firm …
Date: Friday, March 13, 2026

AM Best Upgrades Credit Ratings for Members of CapSpecialty
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation, both of Middleton, Wisconsin, and Platte …
Date: Friday, March 13, 2026

Prices for New Cars Have Soared. Here’s One Big Reason Why
The U.S. car business is grappling with a stubborn affordability problem, one that threatens to relegate more Americans to the used-car lot and leave automakers vulnerable to lower-priced rivals. Lawmakers have framed the issue around partisan lines. U.S. President Donald …
Date: Friday, March 13, 2026

People Moves: Anders Joins Alliant Insurance Services’ Employee Benefits Group
Reed Anders joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Chicago, Illinois, Anders has led cross-functional teams across finance, accounting, HR, compliance, IT, and operations. He began his career …
Date: Friday, March 13, 2026

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