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AM Best: World's 50 Largest Reinsurers
View the video version of this interview here. Q: Munich Re is back in the top spot among IFRS 17 filers, while Lloyd's has secured the top spot ranking among non-IFRS 17 filers. ...
Source: BestWire   Date: September 4, 2026
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Definity Estimates $94.15 Million Impact From July and August Cats, Exceeding Expectations
Net catastrophe losses in July and August impacted Definity Financial Corp. underwriting income by an estimated C$130 million ($94.15 million), exceeding expectations by a large ...
Source: BestWire   Date: September 4, 2026
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New Jersey Airport Operator Sues Over Denied ‘Forever Chemical' Claim
New Jersey airport operator is suing Nautilus Insurance Co. over a denied pollution liability claim intended to cover investigation and remediation of areas where per- and ...
Source: BestWire   Date: September 4, 2026
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AM Best Affirms Credit Ratings of Toyota Motor Insurance Company
Insurance Company (TMIC) (Chandler, AZ). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TMIC's balance sheet strength, which AM Best assesses as ...
Source: BestWire   Date: September 4, 2026
AM Best to Sponsor and Exhibit at NAMIC's 131st Annual Convention
September 29, 5:30-7:00 pm MT. Click here to register. The conference offers a multitude of seminars focused on the mutual insurance industry. More information is available here. ...
Source: BestWire   Date: September 4, 2026
Utah Regulators Approve New Property Insurer With Eye on International Business From Asia
Further AI, at a recent Best's Briefing (BestWire, July 17, 2026). Earlier, the Utah Governor's Office of Economic Opportunity awarded Usurance a post-performance tax reduction for ...
Source: BestWire   Date: September 3, 2026
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Texas Insurance Regulator: State Law Prohibits Price Optimization in Rate Setting
Abbott said in a statement. "Price optimization drives up costs for loyal customers. TDI will take action against any company that uses this illegal practice." An attempt to gain ...
Source: BestWire   Date: September 3, 2026
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AM Best Affirms Credit Ratings of Farmers New World Life Insurance Company and Farmers Reinsurance Company
...Farmers Re) (Woodland Hills, CA). The outlook of these Credit Ratings (ratings) is stable. The ratings of FNWL reflect the company's balance sheet strength, which AM Best assesses ...
Source: BestWire   Date: September 3, 2026
AM Best Revises Issuer Credit Rating Outlooks to Positive for Members of Farmers Insurance Group
Farmers Insurance Group (Farmers). The outlook of the FSR is stable. At the same time, AM Best has revised the outlook to positive from stable for the Long-Term Issue Credit ...
Source: BestWire   Date: September 3, 2026
AM Best Revises Issuer Credit Rating Outlook to Negative for Frank Winston Crum Insurance Company
Frank Winston Crum Insurance Company (FWC) (Clearwater, FL). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect FWC's balance sheet strength, which AM Best ...
Source: BestWire   Date: September 3, 2026
AM Best Affirms Credit Ratings of The Toa Reinsurance Company, Limited and Its Subsidiaries
Toa 21st Century Reinsurance Company, Ltd. (TRE) (Switzerland). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Toa Re's balance sheet strength, which ...
Source: BestWire   Date: September 3, 2026
California Lawmakers Reject Utility ‘Bailout,' Pass Handful of Property Insurance Bills
Court said in a statement. After SB 492 failed, Pacific Gas & Electric Co.'s stock fell 20%, while Edison International saw a 23% drop, Consumer Watchdog said. "That is not ...
Source: BestWire   Date: September 2, 2026
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AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Mountain Life Insurance Company
...Mountain Life) (headquartered in Lexington, KY). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mountain Life's balance sheet strength, which ...
Source: BestWire   Date: September 2, 2026
Texas AG Investigating Health Insurer's Tricare Claims Denials
Paxton said in a statement. "I will not allow health insurance companies to take advantage of Texans through deceptive or unlawful practices." TriWest said it is reviewing ...
Source: BestWire   Date: September 2, 2026
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AM Best Downgrades Credit Ratings of SteadPoint Insurance Company; Places Credit Ratings Under Review With Negative Implications
Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for ...
Source: BestWire   Date: September 2, 2026
Los Angeles County Suing State Farm Over Claims Practices
Unfair Competition Law. The January 2025 LA wildfires destroyed or damaged more than 16,000 structures, primarily homes, and many property owners remain out of their homes more ...
Source: BestWire   Date: September 1, 2026
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Brokers Seek Dismissal of $50 Million Fraud Lawsuit Over Statute of Limitations
Maryland (BestWire, June 25, 2026). The insurer said the scheme resulted in it seeing more than $50 million in losses, the complaint said. CareFirst alleges the Rappaports operated ...
Source: BestWire   Date: September 1, 2026
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Illinois New E-Bike Law Mandates Insurance Coverage
Secretary of State's office said. Prior to the new law, Illinois had no regulations governing these vehicles, which have seen a 300% increase in injuries and deaths from 2019 and ...
Source: BestWire   Date: August 31, 2026
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Insurance Industry Celebrates California Wildfire Bill Preserving Subrogation Rights
... Ritter said in a statement. "We're grateful for the collaboration among legislators, the administration, wildfire survivors, local governments and other stakeholders to maintain ...
Source: BestWire   Date: August 31, 2026
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AM Best Downgrades Credit Ratings of Prime Insurance Company; Maintains Under Review With Negative Implications Status
Prime Insurance Company (Prime) (Chicago, IL). Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings). The ...
Source: BestWire   Date: August 28, 2026

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