Insurance Level News and Press

AM Best Rating Acitivity and News

Tennessee Captive Ranks Grew in 2025 for Sixth Consecutive Year
Tennessee's captive insurance market notched a sixth consecutive year of growth with five new captives and 50 new cells licensed in 2025, the Tennessee Department of Commerce & Insurance ...
Date:
Source: BestWire

Talanx Posts Higher Fourth-Quarter Profit Amid Lower Catastrophe Losses
Talanx AG posted higher fourth-quarter and 2025 profit on retail and international growth as catastrophe losses stayed within budget for the year. "We experienced the highest loss from natural ...
Date:
Source: BestWire

Fighting AI With AI: One MGA Finds Fraud Is a Real Downside to the Technology
Dustin Lemick, the founder of managing general agent BriteCo, highlighted what he said is the less-bright side emerging as artificial intelligence enters the popular vernacular. BriteCo, which ...
Date:
Source: BestWire

Two Carriers Report More Than 38,000 Claims From Severe, Early-March Storms
More than 35,000 State Farm policyholders have filed claims related to severe, tornado-spawning storms earlier in March. That's up from 13,000 days earlier. The toll is expected to keep rising ...
Date:
Source: BestWire

New York Bill Would Expand Auto Insurers’ Financial, Claims Reporting Requirements
A bill was introduced in the New York Legislature that would increase auto insurers’ annual reporting requirements to include more financial and claims details, such as executive compensation, claims ...
Date:
Source: BestWire

MGA Amiga Specialty Receives Regulatory Approval in Hong Kong, Will Commence Operations
Managing general agent Amiga Specialty said it has received regulatory approval in Hong Kong and is ready to begin trading in the Asia-Pacific region. The Hong Kong operation will focus on ...
Date:
Source: BestWire

US Congress Sees Bill to Extend State Dental Regulations to Self-Funding Plans
A bill introduced in the United States House of Representatives would require self-funded health plans to follow state-based insurance reforms and consumer protection laws by closing what the ...
Date:
Source: BestWire

ICA: Claims Exceed 2,000 After Severe Storms Flood Queensland
Australian insurers have taken in more than 2,000 claims through March 16 after severe storms caused flooding in Queensland, according to the Insurance Council of Australia. The ICA declared ...
Date:
Source: BestWire

British Insurers Welcome ‘Landmark’ Financial Ombudsman Reforms
His Majesty’s Treasury said it is making "landmark" reforms to the Financial Ombudsman Service to better align the service with its original purpose, a decision strongly supported by United Kingdom ...
Date:
Source: BestWire

AM Best: Cat Bond Growth Accelerates as Loss Multiples Compress
AM Best Senior Director Wai Tang and Director Matthew Tuite discuss a new Best's Special Report that finds the insurance-linked securities market is expected to grow in 2026, albeit slower than ...
Date:
Source: BestWire

Dual North America Hires New CEO
Managing general agent Dual Group hired Ed Ashby to succeed John Johnson as chief executive officer, Dual North America, effective March 23. Johnson will work closely with Ashby over the next few ...
Date:
Source: BestWire

Legacy Specialist RiverStone Enters Australia With Acquisition, Inks Zurich LPT Deal
RiverStone International said it established an Australian operation with the acquisition of a local insurer as it also entered into a A$400 million ($284.1 million) legacy deal with Zurich ...
Date:
Source: BestWire

Talanx AG Extends CEO's Contract Until June 2030
Talanx AG has extended the contract of Torsten Leue, chief executive officer, ahead of schedule until June 2030. The early extension recognizes the outstanding work of the executive board team ...
Date:
Source: BestWire

Certua Life Gets UK Nod; First Protection-Based Life Insurer Approved There in 20 Years
Certua Life Ltd. launched to become the first protection-focused life insurer authorized in the United Kingdom in almost 20 years, the company said. The company said it will be the first U.K. ...
Date:
Source: BestWire

Swiss Re Unveils $2 Billion Longevity Reinsurance Deal With Athene
Swiss Re Ltd. unveiled a $2 billion liability longevity reinsurance transaction, its first such transaction covering U.S. retirees. Athene participated as the deal counterparty as part of its ...
Date:
Source: BestWire

AM Best’s 2026 Student Challenge Finalists Deliver Innovative Ideas
Fresh insurance and risk management ideas created by finalists in AM Best’s 2026 Student Challenge are highlighted in video presentations online. The finalists and their topics are: Faiza ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Florida Contractor Charged With Avoiding $1M in Workers’ Comp Premiums
Florida authorities have charged a contractor with underreporting payroll and avoiding more than $1 million in workers’ compensation insurance premiums. Jacques G. Denomme, of Port St. Lucie, was arrested in Martin County and released on bond earlier this month, after …
Date: Wednesday, March 18, 2026

Markets/Coverages: Marsh Risk Launches for US Excess Casualty Capacity; CRC Specialty Enhances Insurisk to Meet Needs of Data Centers
Marsh Risk, a business of Marsh, announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with an excess casualty insurance solution offering a unified block of $50 million capacity, placement certainty, and superior policy …
Date: Wednesday, March 18, 2026

Florida Lawmakers Vote to Drop Building Permits on Projects of $7,500 or Less
Legislation that would have waived building permits for jobs valued at up to $7,500 failed to pass the Florida House this year, but the key clause found its way into another bill that is now awaiting the governor’s signature. “A …
Date: Wednesday, March 18, 2026

Trump Again Vows to Block Wind Turbines During His Presidency
US President Donald Trump said he wanted to have no wind turbines built during his presidency, reiterating his distaste for the renewable energy source after his administration has made multiple moves to thwart its development. “I’m proudly telling you that …
Date: Wednesday, March 18, 2026

US Home Insurance Prices Set to Keep Rising With Severe Weather
US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3,057 this …
Date: Wednesday, March 18, 2026

Proscecutor Drops Charges Against Teen in Georgia Prank Gone Wrong
A Georgia prosecutor has decided to drop charges against a teenager who police say was driving the truck that struck and killed a beloved high school teacher when a prank turned deadly, the teen’s lawyer said. The victim’s family had …
Date: Wednesday, March 18, 2026

Iran Warns Gulf Nations of Major Response After Gas Field Strike
ran warned countries around the Persian Gulf that a number of energy assets are now “legitimate targets” after Israel attacked its giant South Pars gas field, sending further shockwaves through oil and gas markets. Facilities in Qatar, Saudi Arabia and …
Date: Wednesday, March 18, 2026

Rikers Island Corrections Officer Cops to Falsifying Workers’ Compensation Claims
A corrections officer at the Rikers Island jail complex pled guilty yesterday to receiving more than $370,000 in workers’ compensation benefits based on fake injury claims, according to federal prosecutors. U.S. Attorney for the Southern District of New York Jay …
Date: Wednesday, March 18, 2026

Greek Firms Scan Computer Systems as Iran War Raises Cyberattack Risks, Sources Say
Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war. The authority last week …
Date: Wednesday, March 18, 2026

JD Power: Homeowners Claims Satisfaction Rises as Repair Times Improve
A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims process in the United States. JD Power reported those findings while announcing …
Date: Wednesday, March 18, 2026

Gulf Banks Face $307 Billion Deposit Flight Risk if War Worsens, S&P Says
Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens, S&P Global Ratings said. An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in …
Date: Wednesday, March 18, 2026

Iran War Cost Spike Straining Farmers Ahead of Midterm Elections
US farmers, long one of Donald Trump’s most loyal constituencies, are increasingly worried by the Iran war as soaring fertilizer and fuel prices hammer them just as they are about to start planting crops for the year. “Is the war …
Date: Wednesday, March 18, 2026

SEC’s Top Cop Resigns After Just Six Months on the Job
The U.S. Securities and Exchange Commission’s enforcement director has resigned just over six months after she started on the job, the SEC said on Monday, a sudden departure for an agency that has changed dramatically under Republican leaders. Former military …
Date: Wednesday, March 18, 2026

Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance
Onex Corp. made a big bet on an insurance startup, and it didn’t take long for the losses to mount. First there was the pandemic, then a deep freeze in Texas. In 2022, Hurricane Ian ripped across the Caribbean and …
Date: Wednesday, March 18, 2026

Germany Seeks Doubling of AI Data Centers by 2030
Germany plans to encourage investments in data centers to at least double domestic capacity and to boost artificial intelligence data processing at least fourfold by 2030, the government said on Tuesday. In a bid to catch up with the dominant …
Date: Wednesday, March 18, 2026

Hormuz Reopening Looks Unlikely Without a Ceasefire in Iran War
US President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won’t achieve that easily without a ceasefire in the war on Iran. Iran’s sporadic attacks on vessels and the threat …
Date: Wednesday, March 18, 2026

Cheaper Auto Insurance Zip Code: