Trending News & Highlights |
| During its upcoming spring meeting, the National Association of Insurance Commissioners will continue working on risk-based capital updates and climate-related issues, while its artificial intelligence evaluation tool pushes closer to fruition.
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| Life insurers see a growth opportunity in paid family and medical leave insurance, as more U.S. states begin mandating the coverage.
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| A federal judge granted plaintiffs wide-ranging discovery in a class-action lawsuit that alleges UnitedHealth Group Inc. used artificial intelligence, without input from humans, to improperly deny valid Medicare Advantage claims.
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| The U.S. International Development Finance Corp. said it chose Chubb Ltd. as lead partner for its $20 billion maritime reinsurance plan designed to resume commercial shipping in the Persian Gulf.
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| Greenlight Re Ltd. has commercial lines exposures in the Middle East as it watches developments related to the U.S and Israeli attacks on Iran and that country's retaliatory strikes in the region, said its chief executive officer.
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| Hannover Re so far sees a light impact from the conflict in the Persian Gulf but there are a number of factors to consider as the conflict is ongoing, the reinsurer's property/casualty chief said.
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| Fourth-quarter net income tripled at Heritage Insurance Holdings Inc. to $66.7 million, boosted by a 27.7-point improvement in the combined ratio.
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| The Louisiana Department of Insurance said it approved requests to lower personal automobile insurance rates from two units of Allstate Corp.
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| The California insurance regulator, the consumer intervenor and State Farm General Insurance Co. have reached a settlement agreement for the insurer’s emergency interim rate request, which will maintain a previously approved 17% increase for homeowners policies.
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| The United States insurance industry added 800 jobs in February, a month that saw total nonfarm payrolls drop by 92,000 positions across the economy, according to preliminary figures from the United States Labor Department's Bureau of Labor Statistics.
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| Reinsurance is bridging complex casualty risks to capital markets, boosting investor confidence and supporting insurance-linked securities growth, said Vincent Pomo, chief underwriting officer, Northern Re. Pomo spoke with AM Best TV at the Artemis ILS NYC 2026 conference in New York.
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| Chris McKeown, chief executive, reinsurance, insurance-linked securities and innovation, Vantage Group Holdings, discusses ILS market growth and the opportunities new capital and innovation bring to the industry. McKeown spoke with AM Best TV at the Artemis ILS NYC 2026 conference in New York.
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| Generali Group said it agreed to sell its Irish and Northern Irish property/casualty operations, to Zurich Insurance Europe AG and Zurich Insurance Co. Ltd.'s U.K. branch for €337 million ($389.6 million) in cash.
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| Assicurazioni Generali S.p.A. looks to expand in its property/casualty non-motor segment as the group raises motor rates in an expanding market, its chief executive officer said.
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| Santam Ltd. posted a 10% rise in 2025 net income on improved underwriting margins in both personal and commercial lines as catastrophe losses moderated and international premiums rose 14%.
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| Multiple line insurer the Plateau Group has rebranded as Lumos Insurance after strengthening its systems, operations and governance.
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| Specialty insurer Beazley plc said it has reached an agreement to acquire kWh Analytics, a managing general agent in the United States focused on renewable energy.
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| Canopius Group Ltd. posted a higher 2025 net profit on lower catastrophe losses as the Lloyd's underwriter said it sees increasing competition and lower rates in a number of lines and geographies.
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| A U.K. regulator fined an Aviva plc unit £10.6 million ($14.2 million) for miscalculations that overstated its solvency, in the first such case that allowed the company a 50% reduction in its fine for promptly reporting the error.
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| A federal judge has ruled in favor of the Internal Revenue Service in a case involving microcaptive insurance and issues of taxation.
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| Nippon Life Insurance Company of America filed a federal lawsuit against artificial intelligence giant OpenAI, arguing its flagship ChatGPT practiced law without a license in prompting an Illinois woman to reopen a 2024 claim settlement.
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| Mutual of Omaha Insurance Co. policyholders have backed a plan to reorganize as a mutual holding company, and state regulators now must sign off on the vote.
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| NI Holdings Inc. swung to a $3.2 million attributable net loss in the fourth quarter from a $9.8 million attributable net income a year earlier, hurt by its nonstandard automobile insurance business.
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| Vienna Insurance Group AG posted higher profit for 2025 on growth and improved underwriting in all of its major markets as the multiple-line insurer made progress on its acquisition of Nürnberger Beteiligungs AG.
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| The Oklahoma Department of Insurance approved a plan that will see CompSource Mutual Insurance Co. convert to a stock insurer, a move that has drawn legal challenges.
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| The amount paid by insurers in Kansas to cover damage from severe storms nearly doubled from 2023, reaching $879.07 million in 2025, the insurance regulator said.
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| Illinois lawmakers are considering legislation that would prohibit the ability of automobile insurers to use credit scores in underwriting and place limits on the use a driver’s age, regulations the Illinois secretary of state publicly championed.
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| The Florida Senate passed legislation that would create a clearinghouse for Citizens Property Insurance Corp. commercial policies and allow surplus lines insurers to participate in the depopulation process.
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| Former FM Global Chairman, President and Chief Executive Thomas "Tom" Lawson died on March 7, one year after retiring as chairman of the company, where he had a 43-year career.
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Research |
The short-term impact of the U.S./Israeli conflict with Iran on the credit quality of (re) insurers has been limited, according to AM Best. However, a prolonged conflict may have wider market implications.
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Five insurance company impairments were identified in the U.S. life/health industry for 2024, following 10 in 2023, according to a new AM Best report.
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One U.S. property/casualty company became impaired in 2024, compared with 13 in the previous year, according to an AM Best report.
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A new AM Best report suggests that the insurance-linked securities (ILS) market will continue to grow in 2026, perhaps at a slower rate than last year with investors taking profits instead of redeploying capital in a softening market.
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AM Best to host a briefing that will look at the U.S. health insurance segment’s response to negative market pressures from higher utilization, medical and pharmacy costs, increased morbidity and regulatory challenges on April 7, 2026, at 2 p.m. EDT.
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A combination of higher-than-expected utilization, claims costs, acuity and cost of care across all lines led to the U.S. health insurance segment’s net income dropping by nearly 20% through three quarters of 2025, as compared with the same prior-year period, according to a new AM Best report.
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While the U.S. life/annuity (L/A) insurance industry remains financially healthy, it is experiencing a decline in the quality of its capital driven by insurers’ utilization of soft capital, offshore and affiliated reinsurance approaches, according to a new AM Best report.
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