AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Peak Reinsurance Company Limited and its subsidiaries, Peak Reinsurance AG and Peak Reinsurance North America Ltd.. The company’ s reported capital and surplus grew by 17% to USD 1,678 million, supported by retention of underwriting and investment profits,…
A new report from the Insurance Fairness Project finds that the home insurance crisis has moved from the margins to the core of the U.S. housing market, with unaffordable and unavailable coverage now disrupting home sales, slowing new construction, and pushing homeownership further out of reach for American families.
—Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. Fed Chair Kevin Warsh said last week at the Fed’ s annual economic symposium in Jackson Hole, Wyoming, that inflation had not shown sufficient improvement and that the central…
The North Carolina Department of Insurance issued the following news release on Sept. 2, 2026:. North Carolina Insurance Commissioner Mike Causey today announced the arrest of Daffney Davis, 48, of 6126 Fernwood Drive, Concord. Special agents from the Department of Insurance Criminal Investigations Division accuse Davis, while employed as an adjuster by…
The Federal Reserve Bank of Dallas issued the following news release:. DALLAS- Following on the recent announcement to survey the private credit market, the Federal Reserve Banks of Dallas and New York have released a set of Frequently Asked Questions to address inquiries about the survey scope and content. Federal Reserve Bank of Dallas.
Security Benefit Life Insurance Company announced it has extended its sponsorship of professional golfer and Topeka native Gary Woodland for an additional four years, continuing the partnership through 2030.. “We are incredibly proud to continue our partnership with Gary through 2030 and congratulate him on a tremendous season,” said Doug Wolff, CEO of…
A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…
In the case of Billy and Lacy Hursh versus State Farm Fire and Casualty Co., Oklahoma County District Judge Amy Palumbo denied a request made by State Farm to allow company CEO Jon Farney to skip appearing for a deposition. According to attorneys for the Hurshes and other plaintiffs, State Farm also was dealt a setback after at least 31 internal documents it…
I wasn't expecting this end to the story: "You've been denied for life insurance." I had applied for an increase in my policy; not enough to inspire my husband to become the lead in a true-crime doc, but enough to keep him at ease for a bit should I go. I knew it would be an approval call.
“It’ s a pox on both your houses,” said Amy Killelea, an assistant research professor at Georgetown University’ s Center on Health Insurance Reforms in Washington, D.C.“ There’ s just a lot of unnecessary complexity and opacity in the system that leaves a lot of room for error and for fighting between providers and payers, and that’ s where the consumer gets left— in the…
*Illinois hospitals stand to lose billions of dollars in revenue over the next several years due to changes in Medicaid rules brought on the One Big Beautiful Bill passed last year by Republicans in Congress. SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules…
The following information was released by the office of the Oregon Attorney General:. In the lawsuit, AG Rayfield and a coalition of 22 states point out something simple: since Medicaid and the Children's Health Insurance Program were created in the 1960 s, states not the federal government have had the authority to decide what's covered, within the limits…
The following information was released by the office of the Colorado Attorney General:. In their lawsuit, the coalition argues that since the creation of the Medicaid and Children's Health Insurance Program, or CHIP, programs in the 1960 s, Congress has granted states the authority to determine which services their programs cover, subject to limits set by law.
The following information was released by the California Department of Insurance:. SACRAMENTO, Calif. Californians could soon benefit from one of the most significant consumer protection packages advanced by the California Department of Insurance in recent years. Consumers play by the rules, and insurance companies should too, "said Insurance…
Attorney General Anthony G. Brown announced today that Corrie Dewayne Alston, 51, of Bowie, pleaded guilty to one count of felony theft scheme and one count of felony insurance fraud in the Circuit Court for Prince George's County before the Honorable Nicholas E. Alston stole $5,122.87 in the form of commission payments from Senior Life Insurance Company for…
