Molina Healthcare, Inc. announced today that the Florida Agency for Healthcare Administration has awarded a new Medicaid managed care contract to Molina’ s health plan subsidiary, Molina Healthcare of Florida, Inc. Under the contract award in Miami-Dade and Monroe Counties, Molina expects to serve approximately 90,000 Medicaid beneficiaries.
Newswires
SAN FRANCISCO, California, July 19– The Public Policy Institute of California issued the following news release on July 17, 2024:. These are among the key findings from a statewide survey released today by the Public Policy Institute of California. "Forty-seven percent of Californians say they are very concerned that home insurance will become more expensive…
The success of Minnesota's experiment allowing THC consumption in bars, restaurants and taprooms for the past two years has come at a high price: Insurance costs are astronomical, and policies are hard to find. "It's always fun to be the first to do things, but it comes with a lot of headaches, and we're finding insurance to be that primary hurdle," said Bob Galligan,…
Second quarter net income of $534 million and core income of $585 million. Consolidated combined ratio improved 6.3 points from the prior year quarter to 100.2%. Catastrophe losses of $1.509 billion pre-tax, compared to $1.481 billion pre-tax in the prior year quarter. Underlying combined ratio improved 3.4 points from the prior year quarter to an excellent…
The Travelers Companies, Inc. today reported net income of $534 million, or $2.29 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $14 million, or $0.07 per diluted share, in the prior year quarter. Core income in the current quarter was $585 million, or $2.51 per diluted share, compared to $15 million, or $0.06 per diluted share, in the…
HealthEZ, an innovative third-party benefits administrator, announces the launch of several new product solutions aimed at helping self-funded and level-funded employers achieve significant cost reductions of up to 20% or more. These additions build upon HealthEZ’ s renowned Cost Containment methodology, enhancing clients’ Discount Methodology, Smart…
Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced two key leadership appointments to the Company’ s world-class claims operations. Mr. McBride was most recently Global Head of Claims at Everest Insurance ®, where he developed a highly talented…
Juno, the first company in the U.S. to provide child disability insurance, announced today it has closed an $8.5 m Series A led by Spero Ventures with participation from Floating Point, Newark Ventures, and WVV Capital, bringing its total capital raised to $12.5 million. “For more than half a century, employers in the U.S. have offered disability insurance as a…
AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to“ bb” from“ bbb” of National Security Fire and Casualty Company. AM Best also has downgraded the FSR to B- from B+ and the Long-Term ICR to“ bb-” from“ bbb-” of NSFC’ s wholly owned subsidiary, Omega One Insurance Company, Inc.. All companies are domiciled in Elba, AL and are…
Cheryl Davis Joins First Mid Insurance Group. Belvidere, IL First Mid Insurance Group, a leading provider of comprehensive insurance solutions, is pleased to welcome Cheryl Davis as a Senior Solutions Account Executive, serving communities within the First Mid footprint in NortheIllinois and Wisconsin. "We are thrilled to welcome Cheryl to our team," said Clay…
The rate fell to 6.77% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.06%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’ s interest rate policy and the moves in the 10- year Treasury yield, which lenders use as a guide to pricing home loans.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Occident GCO, S.A.U. de Seguros y Reaseguros. The company is a wholly owned subsidiary of Grupo Catalana Occidente S.A., the non-operating holding company of the GCO group. The company has maintained strong and consistent underwriting performance across most…
AM Best has upgraded the Long-Term Issuer Credit Ratings to“ a+” from“ a” and affirmed the Financial Strength Ratings of A of Beazley Insurance Designated Activity Company, Beazley Insurance Company, Inc., Beazley America Insurance Company, Inc. and Beazley Excess and Surplus Insurance, Inc.. The Credit Ratings of BIDAC, BICI, Beazley America and BESI reflect the…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National Grid Insurance Company Limited, a captive insurer of National Grid plc. The outlook of these Credit Ratings is stable. The ratings reflect NGICL’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the members of MedPro Group. These Credit Ratings apply to The Medical Protective Company and its affiliates: Princeton Insurance Company; PLICO, Inc.; Wellfleet Insurance Company; and Wellfleet New York Insurance Company; as well as MedPro’ s two reinsured…
–The yen rose 1.5% to above 155.5 against the dollar today, its highest level in over a month, as markets reassessed monetary policy expectations for the Bank of Japan and the Federal Reserve, and Japan's willingness to intervene to defend its currency.– This increase extends the rally that occurred at the end of last week, which lifted the yen from a 38- year low of…
–Gold hit a new all-time high as it moved towards the $2,483 resistance level per ounce, with gains driven by growing optimism that the Federal Reserve will cut US interest rates as early as September.– On Monday, Federal Reserve Chairman Jerome Powell indicated that lower-than-expected U.S. inflation in June boosted confidence in achieving the price growth…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Al Ahleia Insurance Company S.A.K.P.. The company has reported improving pre-tax profits over the past five years, reaching KWD 22.7 million in 2023, equivalent to a return on equity of 14.3%.
