The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30- year fixed rate mortgage rate rose to 6.58% from 6.55% last week, mortgage buyer Freddie Mac said Thursday.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of United Overseas Insurance Limited. In addition, UOI’ s ratings factor in rating enhancement from the company’ s ultimate majority ownership by, and importance to, United Overseas Bank Limited, a leading banking corporation in Asia. UOI’ s disciplined…
AM Best also has affirmed the Long-Term ICR of“ a” of Munich Re America Corporation. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of American Alternative Insurance Corporation and The Princeton Excess and Surplus Lines Insurance Company. In addition, AM Best has withdrawn the rating of Munich Re America Corporation as the company has…
Despite rising healthcare costs for consumers and insurance companies alike, New Mexico residents aren’ t getting any healthier, experts told members of the Legislative Finance Committee on Wednesday. George Muñoz, a Gallup Democrat, to one conclusion:“ This whole system is wrong.… I see some real wrongs that I think need to be made right.”. Individual plans— sold on…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
The expansion will support 20% more customers with emerging, complex or chronic health needs – including cancer, heart disease, kidney disease, high-risk pregnancy, and behavioral health conditions.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Farm Mutual Reinsurance Plan Inc.. The outlook of these Credit Ratings has been revised to stable from positive. Established in 1959, Farm Mutual Re is the exclusive reinsurer for 42 members in Canada and accepts each insurer’ s entire…
As Tropical Storm Bertha moves across the Gulf toward Southeast Texas, CB Trial (Callender Bowlin) is urging homeowners, commercial property managers, and business owners to prepare for potential coastal flooding, heavy rain, and wind gusts. The litigation team at CB Trial offers critical tips on how property owners can prepare before the storm hits and how to safeguard insurance claims if damage occurs.
ReSource Pro, a trusted partner providing strategic operations and technology services for the insurance industry, today published its 2026 AI Lessons Learned Report, a first-hand account of how insurance organizations across the U.S. property and casualty insurance ecosystem are navigating the opportunities and pitfalls of artificial intelligence…
Greg Murphy, R- N.C., a physician who co-chairs the GOP Doctors Caucus. Sally Nix, a patient advocate from Statesville who has a chronic disease, described the voluntary pledge as "performative." Voluntary insurer pledges rarely make things better for patients, said Sabrina Corlette, a research professor at the Center on Health Insurance Reforms at Georgetown…
Finding the right health or life insurance plans can feel like you're navigating a minefield, whether you're active duty, a reservist or a military family member. If you're in the market for one of these policies, here are a few things to consider:. Health insuranceIf you are on active duty for more than 30 days, you and your dependents should be covered by military…
