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…
Reinsurance
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…
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…
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…
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 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.
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 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 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 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.
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…
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…
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…
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, 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 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…
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 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 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…
