Insurance Level News and Press

AM Best Rating Acitivity and News

Amynta Group Combines MGA Scion Underwriting Services Into Ambridge Group
Amynta Group said it will expand its specialty casualty business by combining managing general agent Scion Underwriting Services and Ambridge Group to create an integrated offering. The combined ...
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Source: BestWire

Weekly Calendar: AM Best at The Shanghai International Reinsurance Exchange
The Federal Open Market Committee is scheduled to meet and release a policy statement during the week of April 26, while the Bureau of Economic Analysis will release its advance estimate of gross ...
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Source: BestWire

Marsh Risk Appoints Global Logistics Practice Leader
Marsh has appointed Janelle Griffith as global logistics practice leader, Marsh Risk. In this newly created role, Griffith will lead the firm’s global logistics strategy, integrating insights, ...
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Source: BestWire

IBHS Expands Designated Home Wildfire Mitigation Program to 10 More 'Significant Fire Risk' States
The Insurance Institute for Business & Home Safety has expanded its designated home wildfire mitigation program to 10 more states with "significant fire risk," for a total of 14. Insurer demand ...
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Source: BestWire

Allstate Accuses Family, Associated Texas Businesses in $7.9 Million Auto Fraud Scheme
Allstate Insurance Co. is accusing a family and a group of associated businesses in Texas of orchestrating an automobile insurance fraud scheme that generated more than $7.9 million in ...
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Source: BestWire

Hiscox Re CEO: Reinsurance, ILS Strengthened Under Combined Strategy
Hiscox Ltd. has recently combined its reinsurance and insurance-linked securities businesses to more readily deploy capital in a changing market. Kathleen Reardon, chief executive officer, Hiscox ...
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Source: BestWire

Hawaii Hurricane Relief Fund Binds 97 Policies, Forcing Competition, Representative Says
The Hawaii Hurricane Relief Fund has bound 97 policies and generated more than $12 million in premium savings as private carriers lowered rates to remain competitive, a representative from the fund ...
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Source: BestWire

Maryland Legislature Passes Captive Premium Tax Moratorium, Mutual Conversion Bills
The Maryland General Assembly passed bills that will temporarily pause collection of premium taxes from captive insurers of nonprofit organizations and allow certain conversion of certain mutual ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of Trans World Assurance Company
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Trans World Assurance ...
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Source: BestWire

HDI Global Appoints Head of Property Underwriting
HDI Global appointed Philip Beblo as its new head of property underwriting, effective from May 1. Beblo assumes overall responsibility for the worldwide property local risk business of the ...
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Source: BestWire

BHSI Names Successor to Retiring Country Manager, UK
Berkshire Hathaway Specialty Insurance has promoted Jessica Kirby to succeed Nick Major as country manager, United Kingdom, subject to regulatory approval. Major is retiring from the company and ...
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Source: BestWire

Japan Post Takes Minority Stake in Insurance Distributor
Japan Post Insurance Co. Ltd. said it acquired a minority stake in Hoken Minaoshi Hompo, an insurance distributor in Japan. The life and annuities insurer didn't disclose the size of the stake or ...
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Source: BestWire

Human-Focused Insurance, AI-Driven Innovation Take Center Stage at InsurTech Spring Conference
Agentic artificial intelligence, strategic capital deployment, innovation and human-focused insurance were key themes at the 2026 InsurTech NY Spring Conference in New York City. Following is an ...
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Source: BestWire

AM Best: Credit Quality of Annuity Reserves Declined 2007 to 2025 on the Credit Ratings Scale
Jason Hopper, associate director, AM Best, discusses a new Best’s Special Report that shows funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity segment ...
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Source: BestWire

Best's Market Segment Report: UAE Insurers Navigate Geopolitical Tensions Following Strong Financial Year
While listed insurers in the United Arab Emirates (UAE) have delivered improved profitability, regional geopolitical tensions are affecting certain lines of business and investment portfolios, ...
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Source: BestWire

New Medical Malpractice Law Sparks Rate Filing Mandate in New Mexico
Medical professional liability carriers are being asked to make new rate filings with the New Mexico insurance regulator due to a new state law that caps punitive damages and is expected to reduce ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Tesla’s Gigafactory Water Use Surges in Austin as New Chip Plant Looms
Tesla’s Giga Texas increased its annual treated water use by more than 200 million gallons in just two years, raising concerns about whether Austin can fulfill its long-term water conservation plans as Elon Musk advances plans for a new semiconductor …
Date: Tuesday, April 14, 2026

Farmers Face Local Opposition to Host Solar
Through the window of his combine, Wayne Greier watches his teenage son Blake drive a tractor across an empty field, towing a plow into position for another uncertain season of spring planting. Greier would be worrying less if the solar …
Date: Tuesday, April 14, 2026

Trucordia Acquires Louisiana’s JJL&W Insurance Consulting
Trucordia announced its acquisition of the assets of JJL&W Insurance Consulting, an employee benefits brokerage based in Baton Rouge, Louisiana. JJL&W was founded in 2020 by partners Jeff Joffrion, Troy Jones, Mitch Lansing, and Jeff Wampold, The JJL&W team focuses …
Date: Tuesday, April 14, 2026

Missouri Waste Management Company to Settle Sex Discrimination Lawsuit
A Missouri waste management company has settled a federal lawsuit charging it rejected female applicants based on sex, the EEOC announced. Allied Services, LLC, doing business as Allied Waste Services of the Ozarks / Republic Services of the Ozarks will …
Date: Tuesday, April 14, 2026

People Moves: Aon Commercial Risk Taps Reed From Howden as CCO in UK; BHSI UK Names Kirby Country Manager and Nixon to Lead Exec & Professional Lines
This edition of International People Moves details appointments at Aon Commercial and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Aon Commercial Risk Taps Howden’s Reed as CCO, Major, Complex and Enterprise Clients in UK …
Date: Tuesday, April 14, 2026

Albertsons Reaches $774 Million Opioid Accord, Records Loss
Albertsons Cos. announced a $774 million settlement to resolve all opioid-related claims, making the grocery chain one of the last major retailers to reach such a deal. Due to the settlement, the company recorded a charge of about $600 million …
Date: Tuesday, April 14, 2026

NC Suspect Charged With Arson After Dousing Woman and House With Gasoline
North Carolina authorities arrested a man accused of setting a woman on fire, leaving her with with serious burns and damage to her house in Roseboro. Firefighters and deputies were called to a structure fire Saturday night in the town …
Date: Tuesday, April 14, 2026

Middle East War Spotlights Florida’s Fuel Supply Vulnerability
Florida residents have paid significantly more than the nationwide average for gasoline and diesel in recent weeks as the U.S.-Israeli war with Iran forces the Sunshine State to compete with Europe and Asia for fuel produced in Texas and other …
Date: Tuesday, April 14, 2026

Millions of Rockstar Games Business Records Stolen, Hacking Group Says
A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used …
Date: Tuesday, April 14, 2026

USGS: Magnitude 5.7 Quake Strikes in Nevada, Aftershocks Likely
An earthquake with a 5.7 magnitude struck 20.4 kilometers (12.7 miles) east-southeast of Silver Springs, Nevada, according to a report from the U.S. Geological Survey. Nearby cities include Carson City (42 miles), Reno (45 miles) and South Lake Tahoe (58 …
Date: Tuesday, April 14, 2026

Canadian Insurers Push Owners to Fortify Homes, Urge Carney to Prioritize Climate Risks
Worried about wildfires sending claims soaring this year, Canada’s property and casualty insurers are pushing owners to flood- and fire-proof homes and urging the government to take climate issues more seriously despite economic turmoil. Insurers Intact Financial, TD Insurance, Wawanesa …
Date: Tuesday, April 14, 2026

Tankers Pass Strait of Hormuz on First Day of US Blockade, Data Shows
A third Iran-linked tanker was entering the Gulf via the Strait of Hormuz on Tuesday on the first full day of the U.S. blockade on vessels calling at Iranian ports, shipping data showed. U.S. President Donald Trump announced the blockade …
Date: Tuesday, April 14, 2026

US, Iran May Resume Talks This Week Despite Port Blockade
Negotiating teams from the U.S. and Iran could return to Islamabad this week to resume talks to end the war, sources told Reuters on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports. …
Date: Tuesday, April 14, 2026

Bessent, Powell Warned Bank CEOs About Anthropic Model Risks, Sources Say
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic’s latest artificial intelligence model, two sources familiar with the matter said on …
Date: Tuesday, April 14, 2026

Trump Suit Over Wall Street Journal Epstein Story Dismissed
A judge threw out Donald Trump’s $10 billion libel suit against the Wall Street Journal and parent company News Corp., dealing a blow to the president’s ongoing campaign of litigation against the media. The decision Monday in federal court in …
Date: Tuesday, April 14, 2026

Here’s a List of Non-Iranian Oil Tankers Transiting Strait of Hormuz Since Start of War
The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been all-but-shut since the start of the Iran war. Ordinarily, roughly one fifth of global oil and gas …
Date: Tuesday, April 14, 2026

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