Insurance Level News and Press

AM Best Rating Acitivity and News

Court Rejects Progressive’s Undervalued Totaled Vehicle Class-Action Certification
An Illinois federal court declined to certify a class-action lawsuit alleging that the Progressive Corp. systemically undervalued total-loss vehicles by assuming final automobile sale costs are lower ...
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Source: BestWire

Blenheim Syndicate 5886 Names Contingency Underwriter
Blenheim Underwriting hired Ian Ritchie as contingency underwriter, joining the Blenheim Syndicate 5886 non-appearance contingency team, effective June. In his new role, Ritchie will focus on ...
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Source: BestWire

L&G Appoints Asset Management Chief Risk Officer
L&G has appointed Nigel Drury, subject to regulatory approval, as the new asset management chief risk officer, effective May 18. He will also join the groupwide risk leadership team. Drury will ...
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Source: BestWire

Oregon Utility Seeking Arbitrator Appointment in Environmental Coverage Dispute
Oregon utility provider PacifiCorp is asking a federal court to appoint an arbitrator in an environmental coverage dispute involving a group of 13 insurers that have allegedly delayed court-ordered ...
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Source: BestWire

Carbon Promotes Two Leaders in Underwriting
Lloyd's syndicate Carbon Underwriting Ltd. has promoted Rob Crocker to chief underwriting officer and Julie Gallagher to the role of group underwriting management director. In his new role, ...
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Source: BestWire

NAIC Reworks Task Forces, Investment Reviews as Part of Investment Oversight Update
The National Association of Insurance Commissioners is forming new task forces, implementing bond-related projects and developing new models to assess structured debt as regulators aim to keep pace ...
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Source: BestWire

UK Commercial Insurance Distributor Jensten Group Restructures for Growth
The United Kingdom's Jentsen Group said it has completed a restructuring designed to accomplish a long-term growth strategy. The new structure will see its business broken into two "clearly ...
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Source: BestWire

National Life Group Sees Total Revenues Climb to $4.64 Billion in 2025; Net Income Drops
National Life Group reported total revenue of $4.64 billion for 2025, as total assets also climbed and net income dropped, according to its latest annual financial report. The carrier reported ...
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Source: BestWire

CMS Approves Oklahoma’s Transition to State-Based Health Exchange
The Centers for Medicare and Medicaid Services approved a plan from the Oklahoma Insurance Department to transition to a state-based health insurance exchange effective May 1. While effective ...
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Source: BestWire

Axa XL Appoints CUO, Structured Risk Solutions
Axa XL has appointed Jiten Halai as global chief underwriting officer, structured risk solutions. Halai will lead the global underwriting strategy for structured risk solutions, further advancing ...
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Source: BestWire

AM Best to Exhibit at Target Markets Program Administrators Association Mid-Year Forum
AM Best will exhibit at the upcoming Target Markets Program Administrators Association’s (TMPAA) Mid-Year Forum, which will take place April 28-30, 2026, in Dallas, TX. AM Best’s Meg Mulry, senior ...
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Source: BestWire

India's Government Approves $1.5 Billion Marine Insurance Program
India's cabinet approved a proposal to create the 12,980 crore rupees ($1.5 billion) "Bharat Maritime Insurance Pool" backed by the country's government. The pool was approved to back continuous ...
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Source: BestWire

Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
Australia’s non-life insurance industry has been resilient against an increasingly complex and interconnected risk landscape, with total insurance revenue for the non-life market reaching ...
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Source: BestWire

Amerisafe Appoints Head of Finance Strategy as CFO
Amerisafe Inc. has named Guillermo A. Ramos the company's executive vice president and chief financial officer, effective May 7. Ramos is currently the head of finance strategy and formerly ...
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Source: BestWire

W.R. Berkley Appoints CUO as President of Berkley Oil & Gas
W.R. Berkley Corp. appointed Christopher T. Reichardt as president of Berkley Oil & Gas. He succeeds Linda A. Eppolito, who has been named chair of the business. The appointments are effective ...
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Source: BestWire

Court Grants PHL Policyholders Limited Intervention, Rejects ‘Premium Holiday’ Request
A Connecticut judge granted limited intervention rights to a group of PHL Variable Insurance Co. policyholders to pursue actions against entities that allegedly “looted” the distressed life insurer ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Business Interruption Claims Arising From the Middle East Conflict
The current conflict in the Middle East has been as disruptive commercially as it has been geopolitically. Many businesses operating in the region are suffering from a combination of sharp demand declines, blocked routes to market, surging input costs, and …
Date: Tuesday, April 21, 2026

Scam Messages Are Offering Ships Safe Transit Through Hormuz, Security Firm Warns
Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management firm MARISKS has warned. The U.S. has …
Date: Tuesday, April 21, 2026

Record 165 GW of Wind Power Capacity Added in 2025, Led by China, Report Says
The global wind industry installed a record 165 gigawatts of new capacity last year, up 40% from 2024 and mostly driven by China, a report by the Global Wind Energy Council said, adding this still lagged the pace needed to …
Date: Tuesday, April 21, 2026

Trump signs order to speed review of psychedelics
President Donald Trump on Saturday directed his administration to speed up reviews of certain psychedelic drugs, including ibogaine, which recently has been embraced by combat veterans and conservative lawmakers despite having serious safety risks. Ibogaine and other psychedelics remain banned …
Date: Tuesday, April 21, 2026

Supreme Court Rebuffs Challenge to Class-Action Status of Bank Collusion Suit
The U.S. Supreme Court declined on Monday to hear a bid by Bank of America and seven other major financial institutions to prevent American cities from banding together in a $12 billion class action accusing them of artificially inflating interest …
Date: Tuesday, April 21, 2026

Tariff Refund System Launches as Thousands of Companies File Claims
The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims. “So far, so good” – though the system is a little …
Date: Tuesday, April 21, 2026

Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic?
The final tally for the 2025 Atlantic hurricane season ended up including eight tropical storms, one category 4 hurricane (Gabrielle) and three category 5 hurricanes (Erin, Humberto, Melissa). Only one event, Hurricane Imelda, fell into the intensity classes sometimes described …
Date: Tuesday, April 21, 2026

Woman Allegedly Took Disability Benefits From Conn. Job While Working Another in Mass.
A Massachusetts woman has been arrested and charged with illegally collecting workers’ compensation benefits while being employed at a storage facility in Connecticut. The Connecticut Chief States Attorney’s office reported that Mackenzie Coonan, of Rutland, Massachusetts, was arrested by inspectors …
Date: Tuesday, April 21, 2026

Tijuana River Sewage Is Sickening Thousands in California
The smell of rotten eggs permeates Steve Egger’s Southern California home, especially at night as the nearby Tijuana River foams up with sewage from Mexico before emptying into the Pacific Ocean. Egger, 72, says he and his wife have frequent …
Date: Tuesday, April 21, 2026

Wildfires Used to ‘Sleep’ at Night. Climate Change Has Them Burning Overtime
Burning time for North American wildfires is going into overtime. Flames are lasting later into the night and starting earlier in the morning because human-caused climate change is extending the hotter and drier conditions that feed fires, a new study …
Date: Tuesday, April 21, 2026

100-Year Hurricane in NYC Could Cost Insurers More Than $100B: KCC
A 1-in-100-year hurricane event in New York City could cost insurers more than $100 billion, according to an analysis by Karen Clark & Co (KCC). And a 1-in-250-year hurricane could cost insurers twice as much, the catastrophe modeler says. While …
Date: Tuesday, April 21, 2026

California Commissioner Advances Proposal to Overhaul Intervenor Process
California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state’s intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor …
Date: Monday, April 20, 2026

People Moves: Swingle Collins & Associates Appoints Curtis as CEO
Swingle Collins & Associates announced the appointment of Dan Curtis as Chief Executive Officer, effective March 31, 2026. In conjunction with the appointment, Founder and CEO Frank Swingle will transition to the role of Executive Chairman, where he will continue …
Date: Monday, April 20, 2026

Low-Producing Oil Wells Cause Headaches for Texans
Some Texas oil wells gush hundreds of barrels of oil a day. But many are like the wells on Jackie Chesnutt’s ranch in West Texas that only trickle out a couple barrels a month. Chesnutt, a retired engineer, claims the …
Date: Monday, April 20, 2026

Destructive Winds and Tornadoes Leave Trail of Damage Across Midwest
A trail of damaged homes and buildings dotted a wide swath of the U.S. on Saturday after a burst of destructive winds and reported tornadoes tore off roofs, uprooted trees and rendered rural roads impassable with debris. No deaths were …
Date: Monday, April 20, 2026

Michigan Feared Cheboygan Dam Danger Before Rains Pushed it to Brink
Local, state and federal officials were aware of the dangers posed by the Cheboygan Lock and Dam for years before floodwaters pushed it to the brink of collapse, records show. Yet they failed to compel private owners to repair the …
Date: Monday, April 20, 2026

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