Insurance Level News and Press

AM Best Rating Acitivity and News

W.R. Berkley Appoints President of Berkley Net
W.R. Berkley Corp. appointed Hale Johnston to succeed Brian Douglas as president of Berkley Net, a provider of workers' compensation insurance, effective immediately. Douglas will remain a key ...
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Source: BestWire

Everest Group Appoints EVP-CEO of Legacy Operations
Everest Group Ltd. appointed Gary Haase as executive vice president and chief executive officer of legacy operations, effective Dec. 1. In his new role, Haase will lead the strategy and ...
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Source: BestWire

Markel Hires Three Axis Capital Execs for New Construction and Engineering Practice
Markel Insurance launched its construction and engineering practice within its international division and has named Anna Woolley as director, construction. Woolley will be responsible for ...
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Source: BestWire

AM Best Revises Outlooks to Stable for Members of Vault Insurance Group
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Vault E&S Insurance ...
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Source: BestWire

Axa XL Promotes Leader to US Head of Cyber
Axa XL promoted Rob Malone to U.S. head of cyber, effective immediately. Malone will lead the company's strategic growth and operational excellence across the U.S. cyber insurance portfolio by ...
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Source: BestWire

Florida Judge Allowing Citizens Arbitration Process to Resume
A Florida circuit court ruled the Department of Administrative Hearings can move forward with more than 400 pending Citizens Property Insurance Corp. arbitration cases that were blocked by an August ...
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Source: BestWire

MGA SageSure Gets Lloyd's Coverholder, Delegated Claims Administrator Status
SageSure, a U.S. managing general underwriter focused on catastrophe-exposed markets, said it has received approval from Lloyd's as a coverholder and delegated claims administrator. SageSure as a ...
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Source: BestWire

Delaware Supreme Court: Workers’ Comp Insurers Have Limited Subrogation Rights in UIM Cases
The Delaware Supreme Court clarified workers' compensation insurers have some rights to subrogate injury claims involving underinsured motorists, but those rights are limited. In ProAssurance ...
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Source: BestWire

AM Best: Reinsurance Market Well-Positioned for Transition as Rate Softening Emerges
Mathilde Jakobsen and Ghislain Le Cam, both of AM Best, said adequate pricing and dedicated capital have positioned the reinsurance sector to navigate the transition to a soft market. They spoke with ...
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Source: BestWire

AM Best: Insurers Turn to Diversification, Reinsurance to Manage Climate Risks
Jessica Botelho-Young, director, analytics, AM Best, said insurers are engaging both traditional and alternative reinsurers. Botelho-Young spoke with AM Best TV at AM Best's Europe Insurance Market & ...
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Source: BestWire

JAB Insurance Signs Agreement to Acquire Columbian Mutual Amid Rehabilitation Plan
JAB Insurance said it has signed an agreement to acquire New York-based Columbian Mutual Life Insurance Co. and Illinois subsidiary Columbian Life Insurance Co., both of which are in rehabilitation ...
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Source: BestWire

Best’s Market Segment Report: AM Best Revises Outlook on Delegated Underwriting Authority Enterprises Segment to Stable
AM Best is revising its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment to stable from positive, citing moderating growth and emerging headwinds. ...
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Source: BestWire

Best’s Market Segment Report: AM Best Revises Outlook on U.S. Excess and Surplus Lines Insurance Segment to Stable
AM Best is revising its market segment outlook on the U.S. excess and surplus (E&S) lines segment to stable from positive, reflecting moderating premium growth and rate softening. According to ...
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Source: BestWire

Steadfast CEO Returns After Investigation Closes
Robert Kelly will return to his role as managing director and chief executive officer of Steadfast Group Ltd. on Nov. 18 following the confidential conclusion of an investigation into a workplace ...
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Source: BestWire

AM Best: Delegated Underwriting Authority Enterprises Outlook Revised to Stable
Yizhou Hong, senior financial analyst, AM Best, discusses a new Best's Market Segment Outlook that finds the revision to stable from positive for the global delegated underwriting authority ...
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Source: BestWire

Industry Opposing Ontario Regulator’s New Life, Health MGA Rules
The Financial Services Regulatory Authority of Ontario is proposing a new set of rules for life and health managing general agents that the industry says are too broad, will introduce new fees and ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Senator Opposes FCC Plan to Reverse Cyber Rules Adopted After Salt Typhoon Attack
The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S. telecom companies last year. Senator …
Date: Wednesday, November 19, 2025

Has Insurtech Funding Found a Floor?
Two separate reports published this month show that while quarterly insurtech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in insurtechs have stabilized since late 2022. While their deal-dollar and deal-count tallies are slightly …
Date: Wednesday, November 19, 2025

How Big Tech Is Faring Against US Antitrust Lawsuits?
A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term. Here are the statuses of the U.S. …
Date: Wednesday, November 19, 2025

GEICO Can’t Slip Out of SC Lawsuit That Says it Owes $70M in Taxes and Penalties
GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in …
Date: Wednesday, November 19, 2025

1 Worker Dies, 2 Injured in Trench Collapse at Cape Cod Construction Site
One worker died and two were injured in a trench collapse at a construction site in a popular seacoast town on Cape Cod, Massachusetts. The trench collapse happened on Tuesday about 9 a.m. at a sewer project work site located …
Date: Wednesday, November 19, 2025

Amazon’s Zoox Launches Robotaxi Rides in San Francisco
Amazon’s self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet’s Waymo said it will provide robotaxi rides in the same market. Zoox said it is inviting people to ride …
Date: Wednesday, November 19, 2025

Digital MGA Honeycomb Insurance Expands to Colorado
Honeycomb Insurance has begun writing policies in Colorado. The digital managing general agency specializes in property/casualty coverage for landlords and condominium associations. The company’s underwriting platform evaluates properties individually using high-resolution imagery and technology. Honeycomb now operates across 20 states …
Date: Wednesday, November 19, 2025

Ohio Man Pleads Guilty to Hacking Ex-Employer’s Network, Costing $862K in Damages
A 35-year-old Ohio man has pleaded guilty to computer fraud for hacking his former employer’s network after he was fired, announced U.S. Attorney Nicholas J. Ganjei. On May 14, 2021, Maxwell Schultz, Columbus, Ohio, was terminated from his position as …
Date: Wednesday, November 19, 2025

World Insurance Associates Acquires Bafumi Insurance in Connecticut
World Insurance Associates reported it has acquired the business of Bafumi Insurance Agency of Middletown, Connecticut. Terms of the August 1, 2025 transaction were not disclosed. A family business, the agency is led by Guido and Lauren Bafumi and sells …
Date: Wednesday, November 19, 2025

Business Groups Ask Supreme Court to Pause California Climate Reporting Laws
The U.S. Chamber of Commerce asked the Supreme Court to pause new California laws expected to require thousands of companies to report emissions and climate-risk information. The laws are the most sweeping of their kind in the nation, and a …
Date: Wednesday, November 19, 2025

People Moves: TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions; MGA Augmented Names Overall From Atrium as Head of Underwriting
This edition of International People Moves details appointments at the specialty insurer Tokio Marine Kiln and the MGA Augmented UW. A summary of these new hires follows here. TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions Tokio Marine …
Date: Tuesday, November 18, 2025

Motive, GEICO Partner to Improve Safety and Lower Premiums for Commercial Fleets
GEICO and fleet management company Motive have partnered to improve drive safety and drive down insurance prices for commercial fleets. Motive’s artificial intelligence-powered operations platform integrates fleet management, spend management, equipment and temperature monitoring, compliance, and workforce management in one …
Date: Tuesday, November 18, 2025

Registration Deadline for Louisiana Fortify Homes Program Grants Extended
The registration deadline for the current round of Louisiana Fortify Homes Program (LFHP) grants has been extended to 5 p.m. on Thursday, Nov. 20, due to the national Cloudflare outage on Tuesday, the Louisiana Department of Insurance said. Homeowners who …
Date: Tuesday, November 18, 2025

Kansas Man Sentenced for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Johnson county man has been sentenced to 12 months of probation for insurance fraud. Macario Butler, age 28, pleaded guilty on November 7, 2025 in Johnson County District Court to one misdemeanor count …
Date: Tuesday, November 18, 2025

Fatigue Crack Caused a Keystone Pipeline Oil Spill in North Dakota, Operator Says
A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that released thousands of barrels of oil onto farmland, according to the pipeline operator. In a quarterly report released Thursday, South Bow …
Date: Tuesday, November 18, 2025

Firefighters Battle Blaze at Texas Decommissioned Power Plant
Firefighters in southeastern Texas were battling a blaze at a decommissioned power plant that sent large plumes of smoke into the air on Sunday and local officials warned area residents to avoid the smoke. The fire broke out at the …
Date: Tuesday, November 18, 2025

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