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Triple-I: Severe Convective Storms Generate More Than $50B in Insured Losses for Third Consecutive Year

19 hours ago Reinsurance No comments.

The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third straight year such losses have exceeded $50 billion, more than any other category of…

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Origami Risk’s Cloud-Native P&C Platform Selected by Tokio Marine HCC – Specialty Group

20 hours ago

Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced Tokio Marine HCC– Specialty Group has selected its cloud-native SaaS P&C platform to refine core operations across its global specialty insurance portfolio. Origami Risk was selected by TMHCC– Specialty Group following an extensive…

Mark Wilhelm Selected for Council of Insurance Company Executives Committee

April 14, 2026

Safety National Casualty Corporation announced today that Mark Wilhelm, Chairman of the Board of Safety National and International Broker Relationships Leader for the Tokio Marine Group, was selected to serve on The Council of Insurance Company Executives Committee. Mark Wilhelm, Chairman of the Board of Safety National and International Broker…

TRIPLE-I: SEVERE CONVECTIVE STORMS GENERATE MORE THAN $50B IN INSURED LOSSES FOR THIRD CONSECUTIVE YEAR

April 14, 2026

The following information was released by the Insurance Information Institute:. The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third…

Agam Capital Announces the Continued Growth of Agam ISAC’s Bermuda Platform

April 13, 2026

TEANECK, N.J.& HAMILTON, Bermuda—- Agam Capital, a global leader in insurance-related asset and liability analytics, is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company as a Bermuda- domiciled Class E life and annuity reinsurer. Agam’ s Co-Founders, Chak Raghunathan and…

AM Best to Deliver Reinsurance-Related Presentations to Shanghai International Reinsurance Exchange Members

April 12, 2026

AM Best will deliver a pair of presentations as part of a half-day seminar with members of the Shanghai International Reinsurance Exchange, scheduled to take place on 22 April 2026, in Shanghai, China. Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations, and Judy Li, market development analyst, will lead the presentations.

New Findings on Insurance from Agency for Healthcare Research and Quality Summarized (Implications of State Reinsurance Programs for Marketplaces): Insurance

April 10, 2026

2026 APR 10– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Researchers detail new data in Insurance. For more information on this research see: Implications of State Reinsurance Programs for Marketplaces. American Journal of Health Economics, 2026. American Journal of Health Economics can be contacted at: Univ Chicago Press, 1427 E 60 TH St,…

AM Best Downgrades Credit Ratings of Summit Insurance Company Limited

April 10, 2026

AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Summit Insurance Company Limited. The outlook of these Credit Ratings is stable. Like most Caribbean- domiciled insurance companies, Summit has a high dependence on reinsurance to manage capital exposure from catastrophe events.

AM Best Assigns Credit Ratings to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited

April 10, 2026

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to North American Fire& General Insurance Company Limited and North American Life Insurance Company Limited. NAFICO was incorporated in Guyana in 1989 and is the third-largest carrier in the country’ s insurance industry. Overall, both companies belong to the…

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Amherst National Insurance Company; Affirms Credit Ratings of Amherst Specialty Insurance Company

April 10, 2026

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.

Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality

April 10, 2026

A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’ s overall reserves, which is up from 32% prior to the financial crisis of 2008. It illustrates a shift from traditional, defined benefit retirement and income protection approaches toward strategies more…

40 Years of Manual Processing. One AI Platform. Claimence Launches the First Purpose-Built AI for Financial Lines Insurance Claims — No Known Direct Competitors.

April 8, 2026

A single Directors and Officers insurance claim can cost thousands in outside counsel fees— for coverage analysis that Claimence’ s AI now completes for claim handler confirmation in under 30 minutes. Claimence, LLC today announced the commercial launch of the first purpose-built AI platform for Financial Lines insurance claims processing— expediting and…

TRIPLE-I LAUNCHES LEGAL SYSTEM ABUSE AWARENESS CAMPAIGNS IN OKLAHOMA AND WISCONSIN

April 7, 2026

The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. By demonstrating the direct link between lawsuit abuse and increased insurance premiums, Triple-I aims to catalyze legislative action and…

Triple-I Launches Legal System Abuse Awareness Campaigns in Oklahoma and Wisconsin

April 7, 2026

The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. Triple-I’s legal system abuse awareness campaigns include digital displays across the Capitol Districts of Oklahoma and Wisconsin.

kWh Analytics Launches Data Sharing Program to Reward Hail-Ready Solar Projects with Lower Insurance Costs

April 7, 2026

kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today announced a data-sharing pilot program to reward renewable energy assets for extreme weather mitigation efforts. kWh Analytics is expanding its risk modeling capabilities by leveraging data from solar…

Lincoln Financial to Report 2026 First Quarter Results on May 7

April 2, 2026

Lincoln Financial announced today that it will report its results for the first quarter ended March 31, 2026, at 6:00 a.m. Eastern Time on Thursday, May 7, 2026. As of December 31, 2025, the company had $349 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, PA., Lincoln Financial is the marketing name for Lincoln National…

Triple-I/Fenix24 Report Identifies Emerging Cybersecurity Priorities for Insurers

April 2, 2026

The Insurance Information Institute, in partnership with Fenix24, today published Cybersecurity for Insurers: Squaring Safety with Service, a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain. “Insurers occupy a paradoxical position in the cybersecurity landscape,” said Sean…

AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited

April 2, 2026

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CMBWLI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

AM Best Upgrades Issuer Credit Ratings of Federated Mutual Group’s Members; Affirms Credit Ratings of Affiliates

April 2, 2026

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, Federated Reserve Insurance Company, and Granite Re, Inc.. These companies are collectively referred to as Federated Mutual Group and…

TRIPLE-I/FENIX24 REPORT IDENTIFIES EMERGING CYBERSECURITY PRIORITIES FOR INSURERS

April 2, 2026

The following information was released by the Insurance Information Institute:. The Insurance Information Institute, in partnership with Fenix24, today published Cybersecurity for Insurers: Squaring Safety with Service, a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain.

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