Insurance Level News and Press

AM Best Rating Acitivity and News

Aon Expands President's Role to Include Chief Commercial Officer, Risk Capital
Aon plc has appointed Jeff Alpaugh as chief commercial officer, risk capital, adding to his role as president. Alpaugh will lead Aon’s global commercial strategy across risk capital, helping ...
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Source: BestWire

Stormy March Accounts for Most of Allstate's $1.24 Billion in First-Quarter Cat Losses
Allstate Corp. said it incurred an estimated $1.24 billion in first-quarter, pretax catastrophe losses after a particularly stormy March. It incurred about $925 million in first-quarter ...
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Source: BestWire

Former Maryland Insurance Commissioner Ralph Tyler Dead at 79
The Maryland Insurance Administration has announced the death of former Maryland Insurance Commissioner Ralph Tyler at age 79. In 2007, Maryland Gov. Martin O’Malley, a Democrat, appointed his ...
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Source: BestWire

Federal Legislation Would Lift Truck Liability Minimums to $5 Million
A bill was introduced in the United States House of Representatives that would increase the liability coverage limit for interstate motor carriers to $5 million from $750,000 and tie future limit ...
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Source: BestWire

Corebridge Financial Names Interim CFO as Company Prepares for Merger
Corebridge Financial Inc. has appointed Christopher Filiaggi as interim chief financial officer, effective April 24. He will also join the executive leadership team. Filiaggi is currently the ...
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Source: BestWire

Beyond Risk Launches Health Partners Unit Encompassing Stop-Loss, Captive Capabilities
Beyond Risk said it has launched Beyond Health Partners, a health benefits funding specialist it said will unify stop-loss, captive and cost containment businesses under one platform. Beyond ...
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Source: BestWire

Ameriprise Adds to Adviser Force With Addition of Pinnacle Wealth, Bringing $110 Million in Assets
Ameriprise Financial Inc. said Pinnacle Wealth Management has joined its independent advisory channel from LPL Financial with $110 million in assets. The Louisiana-based team of three will be ...
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Source: BestWire

Broker HW Rebrands as Dubois, Consolidates European, Australian Operations
HW International said it is rebranding to Dubois while bringing its European and Australian operations together under a single global identity. The move includes a company name change in ...
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Source: BestWire

Travelers CEO: Higher-Quality Personal Lines Replacing Exiting Policies as Net Income Jumps
Travelers Cos.' personal lines segment is picking up higher-quality business as it leaves lower-quality risks behind, according to Chairman and Chief Executive Officer Alan Schnitzer. The ...
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Source: BestWire

Delaware Court: D&O Covers Litigation Stemming From De-SPAC Transactions
Directors and officers policies must cover litigation alleging misconduct during mergers involving special purpose acquisition companies, otherwise known as the de-SPAC process, the Delaware Superior ...
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Source: BestWire

AM Best Affirms Credit Ratings of Members of GEICO
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of the members of Government Employees Group ...
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Source: BestWire

AM Best Affirms Credit Ratings of Momento Seguros, S.A de C.V.
AM Best has affirmed the Financial Strength Rating of B (Fair), the Long-Term Issuer Credit Rating of “bb+” (Fair) and the Mexico National Scale Rating of “a+.MX” (Excellent) of Momento Seguros, S.A ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Seguros El Potosí, S.A.
AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros ...
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Source: BestWire

Marsh CEO: Middle East Conflict Not Yet an Insured Loss Concern
First-quarter net income fell for Marsh, partly on a $425 million charge related to Greensill Capital litigation, as the Middle East conflict represents an economic concern more than that of ...
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Source: BestWire

Bobcat Re Adopts Namesake's Identity With Catastrophe-Focused MGA
Bobcats are known for their adaptability, discipline, and for knowing just the right time to strike. These are three qualities Director David Carson quoted as part of the decision to peg the animal ...
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Source: BestWire

Axa XL Names Head of Claims, North America, Reinsurance
Axa XL Reinsurance has promoted Tara Smith-Eckert as head of claims, North America, reinsurance, effective May 1. In this role, Smith-Eckert will be responsible for leading the North America and ...
Date:
Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Spain’s Blackout Probe Blames Grid Operator, Government, Watchdog
An inquiry by the Spanish Senate blames the government, as well the country’s grid operator and energy watchdog, for last year’s unprecedented blackout, according to preliminary conclusions made public on Wednesday. The probe by the upper house – which is …
Date: Friday, April 17, 2026

Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for shareholders. The report, “Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes,” published …
Date: Friday, April 17, 2026

Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles
Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. …
Date: Friday, April 17, 2026

Mythos Poses Risk to SEC Market-Tracking Database, Group Says
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad …
Date: Friday, April 17, 2026

UK Prepares for Food Shortages Caused by Iran War CO2 Crunch
The UK has drawn up plans to prepare for potential food disruption as the Iran conflict causes a drop-off in supplies of carbon dioxide used widely in the industry. In a “reasonable worst-case scenario,” officials don’t foresee aisles of empty …
Date: Friday, April 17, 2026

Bank of England Says it Is Testing AI Risks to Financial Ssystem
The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed with an …
Date: Friday, April 17, 2026

Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market
Five hundred and fifty billion dollars. That is the figure at the center of the landmark strategic investment agreement the United States and Japan concluded on July 22, 2025. A commitment by Japan to direct capital into American industries on …
Date: Friday, April 17, 2026

Nord Stream Blasts Due to War, Say Insurers Seeking to Avoid Pay Out
The Nord Stream gas pipelines were attacked in 2022 as a direct result of Russia’s invasion of Ukraine, insurers told a London court on Thursday as they seek to avoid paying out nearly 580 million euros ($684 million) over blasts …
Date: Friday, April 17, 2026

Three Sentenced in Bear-Suit Attacks Insurance Fraud Case
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance investigation began after an insurance company suspected fraud after insureds claimed …
Date: Friday, April 17, 2026

70 Vehicle Pileup on Colorado Interstate Sends 8 to Hospital
Crashes involving about 70 vehicles snarled a section of a snowy Colorado highway and sent eight people to the hospital. The pileup Tuesday prompted officials to close the eastbound side of Interstate 70 in Clear Creek County, about 50 miles …
Date: Friday, April 17, 2026

Trump EPA Eyes Gutting Rules on Coal Plant Ash That Threatens Groundwater
The Trump administration on Thursday proposed weakening rules for the disposal of ash produced by burning coal that can contain hazardous heavy metals and contaminate groundwater. Those regulations were strengthened under the Biden administration as part of a wider crackdown …
Date: Friday, April 17, 2026

Workers’ Comp Bureau of California Committee OKs 10.4% Increase in Pure Premium Filing
The Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be …
Date: Friday, April 17, 2026

Florida Home Insurer Olympus Enters Catastrophe Bond Market
Florida home insurer Olympus Insurance Co. announced it has expanded its risk transfer capabilities with a successful debut in the catastrophe bond market, completing its first-ever issuance through the newly established Abacab Re Ltd. The $120 million catastrophe bond provides …
Date: Friday, April 17, 2026

NYC SantaCon Charity Fundraiser Was More Con Than Claus, Authorities Say
The annual SantaCon bar crawl that floods New York City with inebriated young people in Santa suits every holiday season was run by a real-life Grinch, according to federal prosecutors. Event organizer Stefan Pildes was arrested Wednesday on charges that …
Date: Friday, April 17, 2026

House Advances Safety Bill Addressing Deadly Copter-Plane Collision Near Washington
An aviation safety bill seeking to address lessons learned from last year’s midair collision of a jet with an Army helicopter near the nation’s capital was approvedby the House Tuesday, but key senators and the families of the 67 victims …
Date: Friday, April 17, 2026

Texas Summer Camp Faces Scrutiny Over Failure to Report Deaths
The medical officer for the Texas summer camp where 27 girls were killed in a flood last year testified Tuesday she still has not officially reported the deaths to the state health agency that regulates camps and is reviewing its …
Date: Thursday, April 16, 2026

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