Insurance Level News and Press

AM Best Rating Acitivity and News

VIU by HUB Principal: Embedded Insurance Reshapes Customer Experience, Growth Strategy
Jeff Wilcoxon, senior strategy and corporate development principal, VIU by HUB, discusses how embedded insurance boosts customer experience, drives loyalty and creates new revenue while helping ...
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Source: BestWire

Cyber Panel at Rendez-Vous: CrowdStrike Outage Tests Industry Models
A panel of cyber insurance experts gathered by AM Best TV at the Rendez-Vous conference in Monte Carlo said real-world events help build credible datasets for future pricing. Following is an ...
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Source: BestWire

WBN Chief: AI Won't Replace Broker Relationships
Worldwide Broker Network Chief Executive Officer Olga Collins said the consultative approach and a wide range of relationships remain uniquely human strengths that technology cannot replicate. ...
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Source: BestWire

Nationwide Survey: Businesses Fear Severe Weather, but Many Are Cutting Insurance Coverage
Mark McGhiey, senior associate vice president of risk management and client services for Nationwide Insurance, says as billion-dollar storms become more frequent, a survey reveals many businesses are ...
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Source: BestWire

Swiss Re Chief Economist: Re-Industrialization Brings Opportunities to P/C Insurers
Jérôme Jean Haegeli, group chief economist, Swiss Re, said data centers, infrastructure and supply-chain issues are opportunities for P/C insurers. Haegeli spoke with AM Best TV at AM Best's Europe ...
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Source: BestWire

Hamilton CEO: Inflation, Tariffs Drive Casualty Market
Trends have prompted carriers to sometimes adjust reserves or rates, at times significantly, to keep pace with loss trends, said Pina Albo, chief executive officer, Hamilton Insurance Group. She ...
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Source: BestWire

PwC Director: Climate Risk Extends Far Beyond Property Damage
Domenico del Re, director, sustainability, PwC United Kingdom, said climate impacts will extend across food systems, health care and water scarcity. He spoke with AM Best TV at AM Best's Europe ...
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Source: BestWire

Crowe Partner: Climate Risk Models Fall Short on Transition, Litigation Risks
Alex Hindson, partner and head of sustainability, Crowe UK, said models for transition and litigation risks don't exist, forcing reliance on scenario analysis. Hindson spoke with AM Best TV at AM ...
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Source: BestWire

Marsh Head of Climate: Climate Risks Spur Activity for Energy Underwriters
Amy Barnes, head of climate and sustainability strategy and head of energy and power, Marsh, said climate risks impact traditional property lines while energy underwriters capture opportunities. ...
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Source: BestWire

AM Best: Expiring Subsidies May Result in Shrinking ACA Enrollment, Deteriorating Risk Pool
AM Best Associate Director Jason Hopper discusses a new Best's Commentary that finds Affordable Care Act utilization patterns are similar to Medicaid, with higher use of emergency room and behavioral ...
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Source: BestWire

IBC Backs Board's Finding That Construction Labor Shortages Impact Claims
Residential construction labor shortages are increasing losses for insurers, according to a report from research group the Conference Board of Canada. Insurance Bureau of Canada Strategy Vice ...
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Source: BestWire

Aon's Broker NFP Promotes Exec to President, Commercial Risk
NFP, an Aon company and property/casualty broker and benefits consultant, promoted Tom Gillingham to president, commercial risk, expanding his executive leadership across NFP's commercial P/C, ...
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Source: BestWire

MS&AD Insurance Group Appoints Head of Cyber, North America
MSIG USA appointed Ryan Kratz as head of cyber, North America. Based in New York, Kratz will lead MSIG USA's growing cyber practice, driving strategic expansion across underwriting, product ...
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Source: BestWire

Marsh UK Appoints Successor to Retiring CEO
Marsh, a business of Marsh McLennan, appointed James Addington-Smith to succeed Chris Lay as chief executive officer of Marsh UK, effective early 2026, subject to regulatory approval. Lay will ...
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Source: BestWire

Australian Insurers Incur Nearly 28,000 Claims After 5-Inch Hail Strikes
Insurers have taken in nearly 28,000 claims, the Insurance Council of Australia said, following a catastrophic hailstorm in southeast Queensland and northern New South Wales on Nov. ...
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Source: BestWire

AM Best: Insurers Adjust Investment Strategies to Navigate Interest Rate Uncertainty
Tim Prince and Eli Sanchez, both directors of analytics at AM Best, said rated insurers are rebalancing investment portfolios. They spoke with AM Best TV at AM Best's Europe Insurance Market & ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Illinois Roofing Company Sued for Race and Sex Harassment
Anthony Roofing Tecta America LLC and Tecta America Corporation, roofing services providers in Illinois and nationwide, violated federal law when they subjected African American and female employees of their Aurora, Illinois location to race and sex harassment, the U.S. Equal …
Date: Wednesday, November 26, 2025

Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide
Tyson Foods’ decision to close a beef plant that employs nearly one third of residents of Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. Closing a single slaughterhouse might not seem significant, but the …
Date: Wednesday, November 26, 2025

Tornado Damages More than 100 Homes Near Houston
More than 100 homes have been damaged after a tornado touched down in a residential area outside Houston, authorities in Texas said Monday. No injuries were reported. Photos and drone video posted on Facebook by the Harris County Precinct 4 …
Date: Wednesday, November 26, 2025

West Texas County Struggles to Secure Funding for Flood Prevention
When it rains here, West Texans brace for the worst. With nowhere to go, water collects across sidewalks, roads and highways — the flat, desert landscape becomes a wetland in the blink of an eye. Local officials in Ector County, …
Date: Wednesday, November 26, 2025

Markets/Coverages: CFC New Tool Helps Brokers Engage SMEs on Cyber
Specialist insurer CFC said it has a new tool available to brokers worldwide to help facilitate client conversations and unlock new streams of SME cyber clients. CFC said its new bite-sized Cyber Threat Review reports hone in on the real …
Date: Wednesday, November 26, 2025

Best Quarter in a Quarter Century, Says S&P Q3 Analysis of US P/C
With a combined ratio of 89.1 for third-quarter 2025, the U.S. property/casualty insurance industry had its best quarter in at least a quarter of a century—and maybe longer, S&P Market Intelligence said. In a research report titled, “For U.S. P/C …
Date: Wednesday, November 26, 2025

Does Quiet Hurricane Season Mean Lack of Experience for Adjusters?
A lack of bad weather isn’t always a good thing. It looks like the 2025 Atlantic hurricane season is wrapping up in quiet fashion—aside from Hurricane Melissa, which caused catastrophic damage in Jamaica before impacting the surrounding area—without any U.S. …
Date: Wednesday, November 26, 2025

Trafigura Lawyers Claim Gupta Had History of Fraud Before Alleged $600M Nickel Scam
Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged …
Date: Wednesday, November 26, 2025

OpenAI Says ChatGPT Not to Blame in Teen’s Death by Suicide
OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death …
Date: Wednesday, November 26, 2025

Insurance Fraud in UK Topped £1B in 2024, With Motor Scams Causing 53% of Claims
Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related …
Date: Wednesday, November 26, 2025

Philadelphia Transit Agency Vows It’s Upgrading Railcars Implicated in Fires
Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in …
Date: Wednesday, November 26, 2025

Allianz Unit Discussing Call Center Jobs Cuts in AI Transition
Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical intelligence. The cuts will likely affect call center positions, the person said, declining to be …
Date: Wednesday, November 26, 2025

Africa Specialty Risks Launches Lloyd’s Syndicate 2454 in South Africa
Africa Specialty Risks (ASR), a re/insurance group that focuses on developing markets, announced the launch of Lloyd’s Syndicate 2454 in South Africa. Based in Sandton, ASR’s syndicate underwriters will underwrite insurance and reinsurance risks in South Africa and neighboring countries, …
Date: Wednesday, November 26, 2025

US Terror Label in Venezuela Deepens Risk for Oil Companies
The Trump administration’s latest attempt to isolate Nicolás Maduro’s government further complicates day-to-day operations for foreign oil companies in Venezuela, experts say. On Monday, the administration designated Cartel de los Soles as a foreign terrorist organization that it says is …
Date: Wednesday, November 26, 2025

Poland Expects Russia to Escalate Sabotage After Rail Explosion
Poland’s deputy prime minister said he expects Russia to escalate its sabotage activities in the country following an explosion on a busy rail route to Ukraine for which authorities blame Moscow. Krzysztof Gawkowski told Bloomberg News that the NATO member’s …
Date: Wednesday, November 26, 2025

2025 Atlantic Hurricane Season Goes Out Like a Lamb
This year’s Atlantic hurricane season was marked by contrasts, according to the National Oceanic and Atmospheric Administration (NOAA). From intense bursts of activity to relative calm, the season will end on November 30 with activity falling within the agency’s predicted …
Date: Wednesday, November 26, 2025

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