Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Market Segment Report: AM Best Maintains Stable Outlook on UK Life Insurance Segment
AM Best has maintained its stable outlook on the United Kingdom’s life insurance segment, reflecting in part the continued strength of the U.K. pension risk transfer market, with small to ...
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Source: BestWire

St. Joseph's Executive Director: Pipeline Initiative Exposes Younger Talent to RISKWORLD
St. Joseph's University hopes to inspire potential insurance talent with opportunities for high school students to attend RISKWORLD, said Mary Ann Cook, executive director, Maguire Academy of ...
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Source: BestWire

FERMA Leaders: Unified Europe, Prevention-First Strategy to Close Climate-Risk Gap
FERMA Chief Executive Officer Laurent Nihoul and President Philippe Cotelle spoke with AM Best TV at RIMS RISKWORLD in Philadelphia, outlining a vision centered on stronger cross-border ...
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Source: BestWire

Wisconsin Professor: Climate Shocks Push Insurers to Rethink Small-Business Coverage
Benjamin Collier, associate professor, risk and insurance, University of Wisconsin-Madison, discusses research he co-authored on Hurricane Harvey, showing how severe climate events strain small ...
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Source: BestWire

Munich Re Names Next Chief Executive for Life/Health Asia-Pacific, Middle East, Africa
Munich Re appointed Gavin Maistry to succeed Daniel Cossette as chief executive for life and health Asia-Pacific, Middle East and Africa. Cossette will retire after 19 years with the ...
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Source: BestWire

Insurtech Porch Expands Homeowners of America to 22nd State
Porch Group Inc. subsidiary Homeowners of America has expanded geographically to Michigan, its 22nd state, where it will distribute through independent agents, according to Porch founder and Chief ...
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Source: BestWire

AM Best: Life/Annuity Balance Sheet Strength Driven by More Than Just Best’s Capital Adequacy Ratio
Stephen Vincent, associate director, and David Lopes, senior industry research analyst, both of AM Best, discuss a recent Best's Special Report, which finds asset risk increases as companies shift to ...
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Source: BestWire

Best’s Commentary: Insurers Better Prepared for Rare Disease Outbreak Amid Lessons From COVID-19
Outbreaks of the Ebola virus and Andes hantavirus are putting a renewed focus on the insurance implications of rare communicable disease spreads and the need for proactive risk management, according ...
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Source: BestWire

ABIR CEO: Catastrophe Losses, Capital Shifts Reshape Global Reinsurance Landscape
John Huff, the chief executive officer of the Association of Bermuda Insurers and Reinsurers, discussed trends shaping the global reinsurance market, including catastrophe capacity, climate risk, ...
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Source: BestWire

The Institutes Knowledge Group President: New AIAI Designation Advances Industry AI Literacy
Adam Carmichael, president, The Institutes Knowledge Group, discusses The Institutes’ new associate in insurance artificial intelligence designation and how it prepares insurance professionals to use ...
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Source: BestWire

MGA Rokstone Launches Cargo Stock-Only Program
Specialty (re)insurance managing general agent Rokstone launched a cargo stock only program it said meets the needs of the current property and transit exposures. Rokstone said in a statement the ...
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Source: BestWire

AI Panel at RIMS: AI Transforms Insurance Operations, Raises Questions on Risk
MSIG USA’s Brian Botkin, Allianz Commercial’s Melissa Hill, Gallagher Bassett’s Joe Powell, and Coalition’s Shawn Ram discuss artificial intelligence governance, accountability, bias and emerging ...
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Source: BestWire

Best's News: AM Best Finds Personal Auto, Homeowners Stabilize Despite Decline in Approved Rate Changes
AM Best Director David Blades and Associate Analyst Dylan Catania discuss a new Best's Special Report, which finds 2025 marked a significant shift back to pre-pandemic levels after years of large ...
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Source: BestWire

Aon: Nebraska, Kansas, Iowa Hardest Hit by Severe Storms, Large Catastrophe Losses May 15-20
Insurers in Nebraska, Kansas and Iowa will bear the brunt of what is likely to be hundreds of millions of dollars in losses from severe storms May 15-20, according to Aon. Large hail compounded ...
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Source: BestWire

AM Best: Annuity Premium Growth Moderated in 2025
Interest rate cuts and increased competition from other income-generating products have diminished annuity growth, according to a new Best's Special Report discussed by Jason Hopper, associate ...
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Source: BestWire

Standard Insurance, Pacific Guardian Life Agree to Annuities Transfer, Streamlining
Standard Insurance Co. has entered into an agreement that will see it transition its individual annuities business to affiliated company Pacific Guardian Life Insurance Co., to focus on workplace ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Beacon Mutual Begins Notifying Those Affected by Data Breach
Workers’ compensation specialist Beacon Mutual Insurance Co. reports it has begun mailing letters to individuals whose personal information was involved in a recent ransomware attack. Upon learning of the activity on January 14, 2026, the Rhode Island-based insurer said it …
Date: Tuesday, May 26, 2026

OpenAI’s Altman Says AI Unlikely to Lead to ‘Jobs Apocalypse’
OpenAI CEO Sam Altman said on Tuesday the rapid development and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as many white-collar jobs as he had feared. Speaking virtually at a …
Date: Tuesday, May 26, 2026

Markets/Coverages: Fidelis Partnership Boosts Automated Broker Submission Process
The Fidelis Partnership (TFP) announced a partnership with Howden as part of a new capability in TFP’s underwriting platform, designed to deliver a step change in the automation and streamlining of the pre-bind submission process for complex risks. Through automated …
Date: Tuesday, May 26, 2026

Private Credit Losses May Hit Insurers More Than Banks, ECB Says
European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market. The “illustrative exercise” included three stages: …
Date: Tuesday, May 26, 2026

Brazil Prosecutors Sue to Ban Weed Killer Glyphosate
Brazilian prosecutors are suing health agency Anvisa and the federal government to ban the use of top-selling weed killer glyphosate, dealing a potential blow to chemical companies in Latin America’s largest economy. A special division of the prosecutor’s office tasked …
Date: Tuesday, May 26, 2026

Britain’s Navy Prepares to Clear Mines in Strait of Hormuz While Waiting for Peace Deal
Aboard the RFA Lyme Bay docked off the coast of Gibraltar, hundreds of British sailors are waiting to be deployed for a mine-clearing mission to the Strait of Hormuz that is still in doubt. U.S. President Donald Trump has lashed …
Date: Tuesday, May 26, 2026

Saving Supply Chains From Climate Shocks Is a Lure for Investors
On the tarmac of Kuala Lumpur International Airport, a cargo of drugs on their way to a clinical trial were warming in the rising afternoon sun. At risk of being spoiled, a newly installed tracker that monitors temperature, humidity and …
Date: Tuesday, May 26, 2026

Hyundai to Recall Over 421,000 US Vehicles Over Software Brake Issue: NHTSA
Hyundai Motor is recalling 421,078 vehicles in the U.S. over a software error that may cause an unexpected application of brakes, the U.S. National Highway Traffic Safety Administration said on May 22. The recall covers certain 2025-2026 model Santa Cruz, …
Date: Tuesday, May 26, 2026

Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino
A developing El Nino that is forecast to get quite strong will likely dampen the upcoming Atlantic hurricane season, but it won’t make the potentially deadly storms disappear, federal and outside meteorologists predict. The National Oceanic and Atmospheric Administration on …
Date: Tuesday, May 26, 2026

Activision Shareholders Reach $250 Million Settlement Over Microsoft Buyout
Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company’s former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a filing made public on Friday in …
Date: Tuesday, May 26, 2026

Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms
A Florida appeals court this month handed ridesharing companies like Uber and Lyft a major legal victory with a broad interpretation of what the court called an unusually broad liability immunity law. The 4th District Court of Appeals, one step …
Date: Tuesday, May 26, 2026

San Francisco Turns to AI to Avoid Collisions Between Ships And Whales
Ferries, cargo ships and tankers cut through choppy waters in the San Francisco Bay as a whale surfaced nearby, its spout barely visible against the white caps. Until now, whales could easily go unnoticed by mariners, but an AI-powered detection …
Date: Tuesday, May 26, 2026

After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI
Pennsylvania Attorney General Dave Sunday announced an agreement with GEICO that should modify an artificial intelligence (AI) initiated auto insurance policy cancellation process the state alleged was unfair and confusing, The agreement stems from a complaint from a new GEICO …
Date: Tuesday, May 26, 2026

Oil Pipeline Shut Down After East Los Angeles Rupture
An oil pipeline operated by Plains All American in East Los Angeles, California, was shut down after a rupture, the company said on Friday. The line was struck by a third party conducting excavation work, the company added. It did …
Date: Tuesday, May 26, 2026

New York Shipyard Blast Killed 1, Injured More Than 30 Firefighters
Investigators were combing through a New York City shipyard on Saturday trying to find the cause of a fire and an explosion that killed one person and injured more than 30 firefighters and other first responders. Authorities provided no major …
Date: Monday, May 25, 2026

People Moves: Markel Taps Talbot’s O’Donoghue to Lead Fine Art & Specie for London; Aon’s Global ReSpecialty Team Promotes Mitchell, Hires Floodflash’s Rimmer
This edition of International People Moves details appointments at Markel and Aon. A summary of these new hires follows here. Markel Taps Talbot’s O’Donoghue to Lead Fine Art & Specie for London Operations Markel Insurance, the insurance operation within Markel …
Date: Friday, May 22, 2026

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