AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China United Property Insurance Company. The ratings also reflect the expected government support CUPI will receive from its ultimate parent, China Investment Corporation, the sovereign wealth fund of the Chinese government. In 2025, the company’ s capital…
Issues arose nearly a year ago when concerns were raised about the consultant’ s work, prompting a view of the Columbus City Schools self-insured fund, District spokesman Michael Brown told The Center Square. For more than 10 years, AON served as the district’ s consultant and“ recommended the amount of district and employee contributions to the Self-Insurance…
The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company of California; Blue Ridge Indemnity Company; Fortegra Specialty Insurance Company; and Fortegra Europe Insurance Company SE. In addition, AM Best has removed from under review with positive…
Federal Reserve Bank of Minneapolis President Neel Kashkari wants the Fed to start raising interest rates as inflation stays high. Kashkari was one of three regional bank presidents to oppose a Federal Open Market Committee decision Wednesday to leave rates unchanged, saying the central bank should instead raise rates a quarter point.
