Insurance Level News and Press

AM Best Rating Acitivity and News

Neptune Insurance Announces Public Offering Pricing and Size
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, said certain security holders will now sell 9.84 million shares of Class A common stock for $27.50 per ...
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Source: BestWire

New NAIC Group Probing National Childcare ‘Liability Insurance Crisis’
The National Association of Insurance Commissioners launched a new working group to explore challenges and potential solutions for what some trade groups describe as a national liability insurance ...
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Source: BestWire

AM Best Affirms Credit Ratings of Nectaris Re Ltd.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris ...
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Source: BestWire

Lloyd's Exec Warns of Secondary Effects of Middle East Exposure for Markets
Lloyd’s doesn't expect the Middle East conflict to be a capital event for the market based on exposures in the region and damages observed to date, a Lloyd's executive said. The current view is ...
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Source: BestWire

Pelagos Swings to First-Quarter Net Income; Bridge Collapse Impacts Reserve Development
Pelagos Insurance Capital Ltd. improved to a first-quarter $108 million net income, compared with a $42.5 million net loss a year earlier, when it was known as Fidelis Insurance Holdings. A ...
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Source: BestWire

Malibu Life Appoints Chief Executive Officer
Malibu Life Holdings Ltd. appointed Todd D. Shriber to succeed Gary Dombowsky as chief executive officer, effective July 20. Dombowsky will step down as CEO on the same date but will continue to ...
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Source: BestWire

Washington Appeals Court Allows Discovery on Discriminatory Nature of Weight Drug Exclusion
A Washington state appeals court is allowing discovery in a lawsuit claiming an exclusion covering weight loss drugs in plans from the state’s healthcare authority is discriminatory. The lawsuit ...
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Source: BestWire

Industry Warns of Rate Increases Following Illinois Senate’s Passage of Auto Insurance Bill
The Illinois Senate’s passage of an automobile insurance rate bill is triggering warnings from insurance industry trade groups of impending rate increases should the legislation be ...
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Source: BestWire

Manulife Net Available Income More Than Doubles in First Quarter as Sales Jump
Manulife Financial Corp. posted a rise in first-quarter net income attributed to shareholders of C$1.15 billion ($837.9 million) in the first quarter, from $485 million from the prior years as it saw ...
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Source: BestWire

Fresh Off Travelers Canada Deal, Definity CEO Anticipates Additional Acquisitions
Months after completing a $2.4 billion deal with Travelers, Definity Financial Corp.'s president and chief executive officer foresees anticipates additional deals. Travelers' Canadian business ...
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Source: BestWire

AM Best Assigns Credit Ratings to Builders Alliance Insurance Company; Downgrades Issuer Credit Rating of Builders Mutual Insurance Company and Affiliate
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Builders Alliance Insurance Company. The outlook ...
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Source: BestWire

Protective Life Names Successor to Retiring CEO
Protective Life Corp. a U.S. subsidiary of Daiichi Life Group Inc., has appointed Paul Wells to succeed Rich Bielen as chief executive officer, effective Jan. 1, 2027. Bielen will retire at the ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of MS Amlin AG (MS Reinsurance)
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 MS Amlin AG (MS ...
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Source: BestWire

Weekly Calendar: AM Best's Analytical Briefing on the State of the Florida Property Market, May 21
AM Best will participant across several gatherings, including the SIR 2026 Annual Conference & Exhibit Fair, where the company will be attending, speaking, exhibiting, and sponsoring, as well as ...
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Source: BestWire

AM Best to Present at European Life Settlement Association’s 2026 Longevity & Mortality Investor Conference
AM Best will participate in the Longevity and Mortality Market Origination panel at the European Life Settlement Association (ELSA) Longevity & Mortality Investor Conference in London on Tuesday, 19 ...
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Source: BestWire

QBE Re Hires Former Scor Exec as Regional Head of Middle East and North Africa
QBE Re, the reinsurance division of global insurance group QBE, has appointed Montassar Cherrak as its regional head of Middle East and North Africa. In this newly created role, Cherrak will lead ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

City of Austin to Pay $35M to Men Wrongly Accused in Yogurt Shop Murders
The city of Austin will pay $35 million to three men and the family of a fourth who were wrongly accused of the 1991 rape and murder of four teenage girls at a yogurt shop, a case that initially sent …
Date: Friday, May 15, 2026

Illinois Man Receives $300K Settlement From Dog Attack
An Illinois man who suffered severe injuries to his hand and fingers in a dog attack received a $300,000 settlement, the law firm John J. Malm & Associates said. The man attacked by two pit bulls while taking his German …
Date: Friday, May 15, 2026

‘Designed To Last’: American Family Launches Reality Competition Series on Hulu
American Family Insurance has launched a branded reality competition series, “Designed To Last,” a first-of-its-kind show that reimagines how to think about protecting homes and families against increasing climate risk. The four-episode series sponsored by American Family Insurance premiered May …
Date: Friday, May 15, 2026

Verisk Report Shows Drop in US Reconstruction Costs in 2Q
Reconstruction cost inflation in the U.S. cooled in the second quarter, offering a bit of relief for insurers and businesses.
Date: Friday, May 15, 2026

Bank of Canada Sees AI as Possible Boost to Country’s Ailing Productivity
The Bank of Canada struck an optimistic tone on the economic impact of artificial intelligence, arguing that widespread adoption of the technology will boost the country’s ailing productivity without significant job losses. In her first speech as external deputy governor, …
Date: Friday, May 15, 2026

Tennessee Solar Ranch Aims to Prove Grazing Under the Panels is Sunny Side Up
From a distance, the small solar farm in central Tennessee looks like others that now dot rural America, with row upon row of black panels absorbing the sun’s rays to generate electricity. But beneath these panels is lush pasture instead …
Date: Friday, May 15, 2026

Dream Finders Homes Offers $704 Million to Buy Rival Beazer
Dream Finders Homes Inc. submitted a $704 million offer to acquire rival homebuilder Beazer Homes USA Inc., which rejected the bid as too low. Jacksonville, Florida-based DFH is offering $25.75 per share in cash for Beazer, according to a statement …
Date: Friday, May 15, 2026

Timeline of Baltimore’s Key Bridge Collapse That Killed 6 People
The operator of the massive cargo ship that struck Baltimore’s Francis Scott Key Bridge is now facing criminal charges for actions leading up to and after the crash that killed six people more than two years ago. The Dali container …
Date: Friday, May 15, 2026

$1.3 Billion in Medicaid Money to California Deferred Over Suspicions of Fraud
Vice President JD Vance this week announced new steps in the Trump administration’s initiative to root out fraud in federal health programs, including a $1.3 billion deferral in Medicaid funding to California. “How long are people going to pay into …
Date: Friday, May 15, 2026

Chicago Museum’s ‘Knight Rider’ Car Ticketed for Speeding in NY Hasn’t Moved in Years
It’s a mystery on the streets of New York City. What traffic law violator with unpaid fines is driving a black Pontiac Trans Am that looks like the car with the talking computer from the 1980s TV series “Knight Rider,” …
Date: Thursday, May 14, 2026

New Law Requires Insurance Rate Filings in Oklahoma to Undergo Review Process
Oklahoma Governor Kevin Stitt this week signed a bill that gives the insurance department the authority to review insurance rate changes before they can go into effect. Under House Bill 3781, all rates in competitive markets shall be filed 30 …
Date: Thursday, May 14, 2026

El Niño Odds Rise as Storm and Crop Threats Intensify Globally
The odds are rising that a weather-roiling El Niño will emerge in the next few months and strengthen through the year, threatening global crop supplies, altering storm patterns and pushing temperatures toward record highs. There is an 82% chance El …
Date: Thursday, May 14, 2026

Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
Date: Thursday, May 14, 2026

Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. A slew of Boehly’s companies, …
Date: Thursday, May 14, 2026

People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
Date: Thursday, May 14, 2026

Howden Acquires Indiana-Based Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. …
Date: Thursday, May 14, 2026

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