Insurance Level News and Press

AM Best Rating Acitivity and News

Axa UK & Ireland Appoints Lloyds Banking Group Exec as General Counsel
Axa UK & Ireland appointed Caroline Riddy to succeed Emily Coupland as general counsel. Coupland left in December 2025 after 24 years working across Axa’s various U.K. entities. Riddy has more ...
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Source: BestWire

Court Gives UnitedHealth April Deadline to Submit Documents on AI Use
A federal court is giving UnitedHealth Group Inc. until April 29 to respond to a discovery request for documents covering the insurer’s use of artificial intelligence when processing Medicare ...
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Source: BestWire

Annual Report Shows Pacific Life Assets Grew 16% to $275.1 Billion in 2025
Pacific Mutual Holding Co. saw its assets increase 16% to $275.06 billion at the end of last year, as net attributable income dropped during the period to $876 million from $1.43 billion a year ...
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Source: BestWire

Doxa Grows Following Acquisition of Florida MGA Jupiter Underwriting Group
Doxa Insurance Holdings said it has acquired the Jupiter Underwriting Group, a Florida-based managing general agent specializing in admitted umbrella and follow-form excess liability. Doxa said ...
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Source: BestWire

Old Republic International Launching Seventh Specialty Insurer in Five Years
Old Republic International Corp. said it is diversifying further with the formation of its seventh new specialty insurer in five years, Old Republic Property Inc. The carrier will underwrite ...
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Source: BestWire

US Insurance Industry Loses 5,700 Jobs in March
The United States insurance industry shed 5,700 positions in March, which saw total nonfarm payroll increase by 178,000 jobs across the economy, according to preliminary figures from the U.S. Labor ...
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Source: BestWire

Lindberg Special Master Pegs Preliminary Restitution at $1.65 Billion
Greg Lindberg owes a group of insurers at least $1.65 billion in restitution for his wide-ranging insurance fraud and related crimes, according to a report from the special master assigned to the ...
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Source: BestWire

Japan's T&D Unveils New Life Strategy Amid Demographic Challenges
T&D Holdings Inc. rolled out a new strategy to achieve sustainable growth in the Japanese life insurance market amid "megatrends" including declining birth rates and an aging population. Dubbed ...
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Source: BestWire

Centene Appoints Two Group Presidents
Centene Corp. has created two executive leadership positions: Daniel Finke has been hired as group president, markets and commercial, and Michael Carson was appointed group president, Medicare and ...
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Source: BestWire

Best's Review Highlights Industry Response to AI Data Centers
The April issue of Best’s Review examines how the insurance industry is reacting to the massive build-out of AI data centers: “Data Center Boom Opens Opportunities for Insurers” reports how ...
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Source: BestWire

Liberty Mutual Appoints President Amid New Leadership Structure
Liberty Mutual Insurance has launched a new leadership structure across the company's Global Risk Solutions and Liberty Mutual Investments businesses, bringing GRS and LMI into closer strategic ...
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Source: BestWire

US Doubles Gulf Reinsurance Cover to $40 Billion, Names Underwriting Partners
The U.S. government is doubling its Middle East shipping reinsurance program to $40 billion and named six underwriters in addition to lead insurer Chubb Corp. to back the facility. The government ...
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Source: BestWire

Kingstone Expanding to Homeowners in California, Diversifying Risk for NY Home
Kingstone Cos. Inc. is expanding to California with excess and surplus homeowners insurance, where Chief Executive Officer Meryl Golden said it will go toe-to-toe with many of the same competitors it ...
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Source: BestWire

Arundo Re Lifts 2025 Net Income on Growth, Low Catastrophe Losses
French reinsurer Arundo Re posted higher 2025 net income on growth in both life and nonlife reinsurance lines and lower catastrophe losses. Net income for the year rose to €100.9 million ($116.5 ...
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Source: BestWire

MetLife Investment Management Hires Global Head of Real Estate and Agricultural Finance
MetLife Investment Management, the institutional asset management business of MetLife Inc., hired Andrea Drasites as global head of real estate and agricultural finance, effective Oct. 1. In her ...
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Source: BestWire

BCBS of Minnesota Ties Annual Operating Loss to Medicare Advantage, Medicaid
Blue Cross and Blue Shield of Minnesota said it incurred a $353 million operating loss last year largely on unfavorable performance in federal and state health programs, notably Medicare Advantage ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Here’s a List of Gulf Energy Infrastructure Damaged in Iran War
Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, five weeks into the Iran war. US President Donald Trump threatened to bring “Hell” to Iran with strikes on power …
Date: Tuesday, April 7, 2026

IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2002 Together
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2002 together,” Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro …
Date: Tuesday, April 7, 2026

Iran Rejects Ceasefire as Trump Ramps Up Threats Ahead of Deadline
Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S. President Donald Trump warned the country could be “taken out” …
Date: Tuesday, April 7, 2026

Maker of Stanley Tumblers Prevails in Lawsuit Over Lead Scare
A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead. In a decision on April 3, U.S. District Judge Tana Lin in Seattle said consumers did not …
Date: Tuesday, April 7, 2026

Yes, Motorist Can Sue for Pothole Injury if the City Knew, Mississippi High Court Says
No, a municipality is not always immune from negligence claims, and yes, a motorist can sue the city government for injuries caused by an unrepaired pothole if the city was aware of the hazard, the Mississippi Supreme Court concluded last …
Date: Tuesday, April 7, 2026

Connecticut Weighs P/C Insurance Surcharge to Fund Local Infrastructure Resilience
Connecticut lawmakers are considering placing a 5% surcharge on commercial property/casualty insurance policies for fossil fuels-related companies at a time when rising insurance premiums and utility bills are concerns. The surcharge is intended help fund local communities’ efforts to fortify …
Date: Tuesday, April 7, 2026

Record Low Colorado Mountain Snow Doesn’t Bode Well for Drought-Stricken West
Hydrologist Maureen Gutsch trudged through the mud and slush to confirm a grim picture: Colorado just had its worst snowpack since statewide recordkeeping began in 1941. Even more troubling, mountain snow accumulations peaked a month early and contained just half …
Date: Tuesday, April 7, 2026

Iowa Contractor Charged for Public Adjusting Without a License
An Iowa contractor has been charged with acting as a public adjuster without a license and insurance fraud. Joseph Starr, 39, of Rockwell, was charged with two counts of acting as a public adjuster without a license and one count …
Date: Tuesday, April 7, 2026

San Francisco House Prices Hit Record $2.15 Million on AI Boom
San Francisco’s median house price jumped to a record $2.15 million in March, up 18% from a year earlier as wealth generated by artificial intelligence startups flooded the city, according to brokerage Compass Inc. Condo prices also surged, rising 27% …
Date: Tuesday, April 7, 2026

As Coastal Homeowners Stock Up on Sand, Those Near Cranberry Bogs Pay Price
For four years, since Larry Lewis moved to Cranberry Village in Massachusetts he’s heard the rumble of trucks and excavators from a sand excavation site owned by cranberry grower A.D. Makepeace. The noise is a nuisance, but his real concern …
Date: Tuesday, April 7, 2026

Jones Day Law Firm Says Hackers Accessed Some Clients’ Data
Hackers have breached Jones Day and accessed the files of 10 clients, the law firm said on Monday. A prolific cybercriminal group known as Silent took credit for the attack, listing Jones Day among its victims on an extortion website. …
Date: Tuesday, April 7, 2026

NHTSA Ends Probe Into Tesla Remote Driving Feature After Software Updates
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency …
Date: Monday, April 6, 2026

DOXA Buys Florida-Based Jupiter Underwriting Group
Indiana-headquartered DOXA, a specialty insurance firm built on acquiring and growing program administrators and MGAs, has expanded into Florida with the acquisition of Jupiter Underwriting Group. The group is a managing general agent that specializes in admitted umbrella and follow-form …
Date: Monday, April 6, 2026

US, Iran Study Ceasefire Plan as Deadline Nears on Trump’s ‘Hell’ Threat
The United States and Iran on Monday were weighing the framework of a plan to end their five?week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum …
Date: Monday, April 6, 2026

Georgia Lawmakers to Let Property Owners File Claims Over Homeless, Immigrants
Georgia lawmakers passed a bill early Friday that would allow property owners to file claims against local governments if the individual believes policies that ban people from sleeping outside and require law enforcement to cooperate with federal immigration authorities were …
Date: Monday, April 6, 2026

AM Best Upgrades Credit Ratings of Federated Mutual
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …
Date: Monday, April 6, 2026

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