Insurance Level News and Press

AM Best Rating Acitivity and News

Wawanesa Annual Net Income Climbs 68.2%; Chair Cites 'Decisive Action' as Risk, Volatility Rise
Wawanesa faced a "materially more complex, demanding and volatile operating environment" last year, Chair Kay Best said in the Canadian mutual insurer's annual report. Annual net income rose ...
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Source: BestWire

AM Best Upgrades Credit Ratings of Allied Professionals Insurance Company, A Risk Retention Group, Inc.
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Allied Professionals ...
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Source: BestWire

AM Best Revises Outlooks to Positive and Affirms Credit Ratings of Seguros G&T, S.A.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros G&T, S.A. ...
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Source: BestWire

AM Best Upgrades Credit Ratings of Seguros El Roble, S.A.
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Seguros El Roble, S.A. (El ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of North End Re Ltd.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings ...
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Source: BestWire

AM Best Maintains Under Review With Developing Implications Status for Garden State Life Insurance Company
AM Best has maintained the under review with developing implications status for the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Garden ...
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Source: BestWire

AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life ...
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Source: BestWire

Colorado Enacts Laws on Prescription Cost-Sharing Rules, Healthcare Subsidies
Colorado enacted bills with up to $140 million for subsidies from the state’s Health Insurance Affordability Enterprise and requiring certain drug purchases count toward cost-sharing ...
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Source: BestWire

AM Best Upgrades Credit Ratings of One Alliance Insurance Corporation
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 One Alliance Insurance Corporation (One ...
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Source: BestWire

Fidelis Launches Global Political Violence, Terrorism Risk Consortium
The Fidelis Partnership said it launched a political violence and terrorism consortium offering up to $345 million of coverage per risk worldwide and $47.5 million of coverage in the Middle ...
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Source: BestWire

Michigan Bill Bans Price Optimization Practices in Home, Auto Rate Setting
Michigan lawmakers are considering a bill that would prohibit the use of price-optimization practices when setting home and auto rates. Senate Bill 1013 defines price optimization as rate-setting ...
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Source: BestWire

Beacon Mutual Facing Potential Class Action Over Cyberattack
Beacon Mutual Insurance Co. is facing a potential class-action lawsuit stemming from a cyberattack that hit the company earlier this year. In January, the worker’s compensation carrier said it ...
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Source: BestWire

Zurich Expands Data Center Insurance Business Amid Rising Demand
Zurich Insurance Group said it is expanding it data center construction insurance program to new countries including Brazil, Germany, Italy, the Nordics and Spain in response to rising ...
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Source: BestWire

Principal Financial Expands Investment-Servicing Partnership With Investment Firm State Street
Principal Financial Group Inc. has selected State Street Corp. to provide custody, fund accounting and administration services for Principal Funds, expanding an existing relationship between the two ...
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Source: BestWire

Novacore Adds Euclid Design to Its Professional Underwriters Agency Platform
Pennsylvania-based Novacore has added managing general agent Euclid Design Underwriters LLC to its Professional Underwriters Agency program to bolster its capabilities in the architects and engineers ...
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Source: BestWire

Aon Appoints Chief Claims Officer for EMEA
Aon plc has appointed José María Navas as chief claims officer for Europe, Middle East and Africa, effective immediately. Navas will lead the firm’s claims organization across EMEA, overseeing ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

After Multiple Settlements, Judge Delays Civil Trial Over Baltimore Bridge Collapse
A federal judge agreed Monday to postpone a civil trial over the 2024 collapse of Baltimore’s Francis Scott Key Bridge after a flurry of last-minute settlements resolved most of the remaining claims. U.S. District Judge James Bredar expressed frustration about …
Date: Thursday, June 4, 2026

Renner Wants to Drop Premium Taxes, Expand Florida Cat Fund Coverage
Florida gubernatorial candidate Paul Renner, a former speaker of the Florida House, wants to eliminate the premium tax on residential property, part of his plan to reduce homeowners’ insurance costs. The plan, which also includes tweaks to the Florida Hurricane …
Date: Thursday, June 4, 2026

Delaware Declares Drought Watch as Precipitation Levels Drop
Delaware is under a statewide drought watch for the second time in three years due to a steep decline in precipitation levels. Officials are most worried about Kent and Sussex Counties. Governor Matt Meyer declared the drought watch after receiving …
Date: Thursday, June 4, 2026

Ohio Sues Contractor for Incomplete Home Improvement
Ohio Attorney General Dave Yost is suing a Mahoning Valley contractor who allegedly performed substandard home-improvement work or failed to complete the upgrades after accepting large down payments from customers. “This contractor pocketed down payments only to abandon the projects,” …
Date: Thursday, June 4, 2026

Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers
While US farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain …
Date: Thursday, June 4, 2026

Corpus Christi Delays Decision on Billion-Dollar Water Plant
A bitterly divided Corpus Christi City Council voted early Wednesday morning to delay a decision on reviving an almost billion-dollar water plant it had rejected nine months earlier. The 7-2 vote came at 2:20 a.m., almost 15 hours into a …
Date: Thursday, June 4, 2026

Southern Poverty Law Center Seeks Dismissal of ‘Vindictive’ Indictment
A Justice Department indictment against the Southern Poverty Law Center is part of a “top-down” campaign of retribution against President Donald Trump’s perceived political enemies and constitutes a vindictive prosecution that must be dismissed, lawyers for the nonprofit argued Tuesday …
Date: Thursday, June 4, 2026

Deadly Screwworm Parasite Found in US Threatens Cattle Herd
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years. The US Department of Agriculture confirmed late …
Date: Thursday, June 4, 2026

Travelers: Vendor Issues Over Half of Wedding Insurance Claims in 2025
Vendor-related issues continued to be the top cause of claims paid on wedding insurance policies, according to data out this week from Travelers. The Travelers Companies Inc. released its wedding insurance claims data for 2025. The data highlights the top …
Date: Thursday, June 4, 2026

Supreme Court Says Quick Jury Trial Not Needed on FCC Fines
The US Supreme Court ruled that telecommunications companies can’t immediately demand a jury trial when hit with a Federal Communications Commission fine, while saying the carriers don’t have to pay penalties right away. Ruling 8-1 in a clash involving AT&T …
Date: Thursday, June 4, 2026

Beware Business IT Consultant Who Secretly Installs Remote Access to Network
A Connecticut information technology consultant has pleaded guilty to fraud stemming from a computer intrusion scheme that cost a small business, according to federal prosecutors. Billie Conley, Jr., formerly of Shelton, pleaded guilty in federal court in New Haven to …
Date: Thursday, June 4, 2026

Zurich Insurance Expands Data-Center Offering Beyond the US
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the …
Date: Thursday, June 4, 2026

Tesla Settles Some Worker Racism Claims as Bigger Trial Looms
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. …
Date: Thursday, June 4, 2026

EU, US Committed to Complying With Trade Deal, Says US Trade Chief
Both the European Union and the United States are committed to complying with their trade agreement, U.S. Trade Representative Jamieson Greer said June 3 after broad new tariff threats over forced labor rankled Washington’s trade partners. After the two sides …
Date: Thursday, June 4, 2026

Meteor Caused Speculation Across New England But No Damage or Injuries
When the double boom rang out in New England over the weekend, shaking homes and sending pets fleeing, questions started flooding social media. “Did anyone else hear that boom?” “Anyone feel that?” NASA let people know over the weekend that …
Date: Thursday, June 4, 2026

People Moves: HDI Global Names Hunt as CEO of UK & Ireland Business; Hamilton Global Specialty Taps Chubb’s Keaney to Lead New Private Clients Business
This edition of International People Moves details appointments at the insurers HDI Global and Hamilton Global Specialty. A summary of these new hires follows here. HDI Global Names Hunt as CEO of UK & Ireland Business Corporate and specialty insurer …
Date: Thursday, June 4, 2026

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