A Missouri insurance trade group says rising health care costs are making it harder to keep premiums affordable, after Children’ s Mercy announced that ACA Marketplace health plans will no longer include the pediatric hospital as an in-network provider starting Jan. 1. Missouri families and small businesses are feeling the strain of rising health insurance…
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Medical Professional Mutual Insurance Company and its rating unit members, collectively known as Coverys Companies.. The ratings reflect Coverys’ balance sheet strength, which AM Best assesses as very strong,…
Open enrollment for health insurance in Massachusetts kicks off Oct. 23 and Boston officials are urging residents to take advantage of free city resources to navigate the often-complicated application process. Federal changes to Medicaid requirements that took effect in October threaten to strip MassHealth coverage from hundreds of thousands of…
The disruption in Minnesota is greater than in any other state, reflecting a mix of local and national financial challenges for health insurers, the analysis shows. In Minnesota, there’ s the added problem of UCare— the popular health insurer in Minneapolis that shut down at the end of 2025, sending tens of thousands of enrollees to other insurers’ Medicare…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Al Fujairah National Insurance Company PJSC. The outlook of these Credit Ratings is stable. The ratings also reflect enhancement from AFNIC’ s majority shareholder, the Government of Fujairah– Department of Industry and Economy, which holds in excess of 80%…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Bank of China Group Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect BOCG Insurance’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business…
Everspan Group, a specialty property and casualty insurance platform and wholly owned subsidiary of Octave Specialty Group, Inc., has signed a definitive agreement to sell its redundant admitted shell company, Providence Washington Insurance Company, to Rhode Island- based Falvey Insurance Group. PWIC is a Rhode Island- domiciled insurance company that…
White River Health announced that, effective Jan. 1, 2027, its hospitals and facility-based services will no longer be in network with UnitedHealthcare Medicare Advantage plans. Arkansas state retirees, teachers, and patients with VA coverage are not affected by this change. "For more than a year, WRH has worked in good faith with UnitedHealthcare to address…
The changes are forcing hundreds of thousands of seniors across Minnesota to scramble for new health insurance at a time when many popular Advantage plans are going away and the new options expose patients to more bills if they get sick. It signals a reset in the market for the popular Medicare plans, sold by Blue Cross and Blue Shield of Minnesota,…
Next year, Oregon will pay an average of nearly $630 per member every month to the organizations arranging providers for the vast majority of Oregon’ s 1.4 million Medicaid members under new fixed payment rates announced by the Oregon Health Authority. The increase for payments to Oregon’ s 15 coordinated care organizations is lower than last year’ s rate…
