Insurance Level News and Press

AM Best Rating Acitivity and News

Florida Regulator Approves Another Batch of Citizens Takeout Requests
The Florida Office of Insurance Regulation approved requests from two property/casualty insurers to assume as many as 40,000 policies from Citizens Property Insurance Corp. Mangrove Property ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Southern Farm ...
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Source: BestWire

Liberty Mutual Increases Majority Stake in India Joint Venture
Liberty Mutual Insurance said it has increased its majority stake in its Indian joint venture Liberty General Insurance Ltd. to 74%. "India presents a unique opportunity with its diversity, and ...
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Source: BestWire

CMS Finalizes ACA Rules With Provisions Supporting ‘Nonstandard,' Catastrophic Plans
The Centers for Medicare and Medicaid Services finalized Affordable Care Act rule changes that remove requirements limiting the number of nonstandard plan options insurers can offer, supporting ...
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Source: BestWire

Tasmania Walks Back State Insurer in Favor of Authority, Potential Stressed Lines Pools
The Tasmanian government has walked back plans to create a state-owned carrier offering personal and some commercial insurance lines in favor of a nonprofit statutory authority tasked with overseeing ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Chubb INA Holdings LLC’s Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings LLC’s (Chubb) (Delaware) recently announced USD 1.0 billion issuance of 5.3% senior unsecured notes due ...
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Source: BestWire

Massachusetts Further Limiting Health Insurance Cost-Sharing Increases
Guidance from the Massachusetts Department of Insurance is limiting increases for 2027 health insurance cost-saving provisions to 3.6%, down from 4.8%. The lower rate comes a year after the state ...
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Source: BestWire

Starr Expands in Germany With Hamburg Office
Commercial lines underwriter Starr said it opened a new office in Hamburg, Germany as it expands in Germany and Europe. "The new location strengthens Starr's proximity to clients and broker ...
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Source: BestWire

Building Out AI on a Broad Scale: New York Life Seeks Advances While Avoiding Downsides
New York Life Insurance Co. traces its roots to 1845. Yet, in 2026 it finds itself in the position of formulating how it implements artificial intelligence across one of the largest mutual life ...
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Source: BestWire

AIG to Acquire Everest's Colombia Insurance Operations
American International Group Inc. said it agreed to acquire Everest Compañía de Seguros Generales Colombia S.A., Everest Group Ltd.'s insurance subsidiary in Colombia. The acquisition strengthens ...
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Source: BestWire

Prudential Plc Acquires 75% Stake in India's Bharti Life
Prudential plc agreed to acquire a 75% stake in India's Bharti Life Insurance Co. Ltd. as part of a strategic repositioning of its India operations. The group is acquiring Bharti Life from Bharti ...
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Source: BestWire

AM Best to Participate at Casualty Actuarial Society’s Seminar on Reinsurance
AM Best will participate in a panel discussion at the Casualty Actuarial Society’s (CAS) Seminar on Reinsurance, which will take place May 31- June 2, 2026, in Philadelphia, PA. Greg Dickerson, ...
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Source: BestWire

Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability
AM Best has revised its outlook on France’s non-life insurance segment to stable from negative, reflecting top-line growth supported by rate increases, as well as technical profitability in spite of ...
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Source: BestWire

HDI Global Appoints Operations Chief
HDI Global has appointed Thomas Kropp to succeed Thomas Kuhnt as chief operating officer and chief information officer, effective July 1. Kuhnt, has decided to step down from the executive board ...
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Source: BestWire

Federal Bill Would Prohibit Insurers From Owning Pharmacies
The United States Congress is considering legislation that would prohibit health insurers and pharmacy benefit managers from owning pharmacies and force divestitures to sever existing relationships, ...
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Source: BestWire

CopperPoint Agrees to Acquire General Indemnity Group, Expanding Nationally
CopperPoint Insurance Co. said it has agreed to acquire the surety insurance business of General Indemnity Group and its subsidiaries from Boston Omaha Corp. The transaction will expand ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Viewpoint: AI Insurance Is Not Cyber Insurance With Extra Steps
Many insurers and the businesses they cover are treating AI risk as a cyber problem in a new costume. The early litigation is quietly explaining why that is a category error, and the companies that understand the difference first will …
Date: Wednesday, May 20, 2026

NCDOI Offering Flood Insurance CE Webinars But They’re Filling up Fast
North Carolina’s insurance commissioner announced his department will again offer webinars, starting this month, on the intricacies of flood insurance, with continuing education credit for insurance agents, adjusters, engineers, real estate agents and others. The WebEx sessions are free of …
Date: Wednesday, May 20, 2026

Questionable Engineering Reports Continue to Be a Problem in Claims Litigation
The Florida Board of Professional Engineers this month considered but did not adopt new rules governing engineers’ ethical responsibilities in drafting damage reports, but the changes are likely to come up again. This guest article examines the need for those …
Date: Wednesday, May 20, 2026

Another View: Proposed Florida Engineering Rules Would Slow Claims
This article appeared recently on Grindley’s Linkedin page. Republished here with permission. For those working in property insurance, adjusting, and forensic engineering, a proposed Florida rule may have unintended consequences for how claims are investigated and processed. The Florida Board …
Date: Wednesday, May 20, 2026

Hawaii’s Worst Flooding in 20 Years Leaves Farmers Struggling
The reddish-brown mud that smothered Bok Kongphan’s Hawaii farm has hardened in the tropical sun. Irrigation tubes lie in a tangle where his lemongrass, cucumber and okra once flourished. His niece, Jeni Balanay, lost her crops too—a mustardy green called …
Date: Wednesday, May 20, 2026

WCIRB: California Comp Written Premiums ‘Relatively Stable’ Compared to Pandemic
California workers’ compensation written premiums in calendar years 2022 through 2025 were relatively stable compared to the large swings that occurred during the pandemic, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California published its latest Quarterly …
Date: Wednesday, May 20, 2026

People Moves: Mutual of Enumclaw Names Peterson Chief Claims Officer
Mutual of Enumclaw named Joe Peterson vice president of claims and chief claims officer. Peterson has more than 20 years of claims leadership experience, most recently as vice president – P/C claims at Zenith Insurance Company. He also held multiple …
Date: Wednesday, May 20, 2026

People Moves: Nessa Joins Lawley; Great Bay Adds Famiglietti as VP, Commercial Lines
Nessa Joins Lawley as Insurance Advisor Lawley, headquartered in Buffalo, New York, hired AmyRae Nessa as an insurance advisor. With more than a decade of experience supporting businesses across Western New York, Nessa specializes in construction, hospitality and business development. …
Date: Wednesday, May 20, 2026

Vermonters Concerned Over Ongoing PFAS Contamination in Bennington County
The state of Vermont is offering well testing, free water and other support for southern Bennington and Shaftsbury in the wake of research last year that found PFAS contamination in the Bennington area has spread and worsened over time. The …
Date: Wednesday, May 20, 2026

New York Homes Most Exposed to Hurricane Risk, Beating Miami
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate …
Date: Tuesday, May 19, 2026

Lilypad Leans Into AI for Coastal Areas with Matta Hire
Lilypad, the Sarasota-based, tech-centered property-casualty insurer that acquired Centauri Insurance, has named Rajiv Matta, a holder of patents in the field of machine learning, to harness artificial intelligence to help expand coverage in vulnerable coastal areas. Matta, with 20 years …
Date: Tuesday, May 19, 2026

Missouri AG Resolves Litigation with Gas Company After Fatal Explosion
Missouri Attorney General Catherine Hanaway announced that her office has resolved litigation with Liberty Utilities, a gas company that failed to properly mark a gas line in Lexington, leading to the death of a child, numerous injuries, and the destruction …
Date: Tuesday, May 19, 2026

Oklahoma Manufacturer to Pay $4.2M Over COVID Mandate
A G Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, will pay $4,250,000 to over 40 workers and provide other relief to settle a religious and disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …
Date: Tuesday, May 19, 2026

People Moves: Aon Announces Leadership Promotions for EMEA and Latin America; Markel International Promotes Rice to Head of Global Development, Trade Credit
This edition of International People Moves details appointments at Aon in EMEA and Latin America and Markel International. A summary of these new hires follows here. Aon Announces Leadership Promotions for EMEA, Latin America Insurance broker Aon plc announced that …
Date: Tuesday, May 19, 2026

NextEra to Buy Dominion for $67 Billion to Form Power Giant
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. The scope of …
Date: Tuesday, May 19, 2026

Anthropic to Let Partners Share Mythos Cybersecurity Findings With Others
Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who may be exposed to similar vulnerabilities. Mythos, announced on April 7, is being …
Date: Tuesday, May 19, 2026

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