WASHINGTON— The White House said Thursday it will send $500 to almost 1 million Americans in 30 states who are enrolled in Obamacare health insurance plans, payments it described as refunds for overcharges. Health insurers who offer plans under the ACA on Healthcare.gov pay the government a user fee to sell plans on the federal exchange, set annually by the…
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aaa” to USAA Falcon Property& Casualty Insurance Company. The outlook assigned to these Credit Ratings is stable. Within the broader USAA group, USAA Falcon provides enhanced flexibility in pricing, discounts and product differentiation to better serve members and…
And the insurance company with the biggest piece of that business in Pennsylvania is making its voice heard in Harrisburg, Washington, and across the political landscape. As the GOP-led Congress passed legislation making deep cuts to Medicaid spending last year, AmeriHealth spent $1.7 million on federal lobbying, the most since at least 2008.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New York, and…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Cathay Century Insurance Company Limited. Cathay Century posted another year of double-digit growth in consolidated adjusted capital and surplus to TWD 20.3 billion at year-end 2025, buoyed by the partial retention of net profit derived from…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Rembrandt Insurance Company, Ltd., a captive insurer of Vitol Holding B.V., a group engaged in the trading of energy-related products. The outlook of these Credit Ratings is stable. Losses due to the ongoing conflict in the Middle East have been limited due to the…
A Texas hospital chain’ s plan to build a boutique“ micro-hospital” in Meridian flatlined Tuesday after the City Council found that it failed to meet the city’ s code. The mini-hospital, which would have been operated by Houston- based Nutex Health, has come under fire from Idaho’ s largest health insurer, Blue Cross of Idaho, which alleges that the firm’ s billing…
The future of private management of Iowa's $7 billion Medicaid program hinges on which candidate voters choose to become the state's next governor this fall. Terry Branstad, a Republican, issued an executive order that contracted the management of Iowa's Medicaid program to private companies that are known as Managed Care Organizations, or MCOs.
An offsetting rating factor is Ethio Re’ s exposure to high levels of economic risk and very high levels of political and financial system risks in Ethiopia, where the majority of its business is sourced and all of its invested assets are located. Ethio Re has a track record of adequate operating performance, evidenced at fiscal year-end June 2025 by a…
