AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway…
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Many older people with health insurance coverage through Medicare still can't afford the care they need. We analyzed data from the 2018 Health and Retirement Study, a large national survey of older adults conducted by the Institute for Social Research at the University of Michigan every two years, to determine how using five different financial eligibility…
MIAMI and SANTIAGO, Chile, July 26, 2023/ PRNewswire/– Chubb and HealthAtom today announced an alliance to offer comprehensive dental healthcare protection for patients across Latin America. "Chubb's alliance with HealthAtom represents an important step to provide greater access and protection to consumers across Latin America. Working in partnership…
RANCHO CUCAMONGA, Calif., July 26, 2023/ PRNewswire/– Inland Empire residents looking for health insurance through Covered California will see a trusted name on the list— Inland Empire Health Plan. IEHP officials estimate every year approximately 15,000 to 20,000 of its members in Riverside and San Bernardino counties could lose their Medi-Cal coverage due to…
July 26, 2023/ CSRwire/- A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climate change. Climate Risk Management in the U.S. Insurance Sector: An Analysis of…
Allianz Life Insurance Company of North America announced that it has signed on as sponsor of five Olympians and Paralympians– Ashleigh Johnson, U.S. Olympian– water polo, Chuck Aoki, U.S. Paralympian– wheelchair rugby, Ian Seidenfeld, U.S. Paralympian– Para table tennis, Matt Stutzman, U.S. Paralympian– Para archery, and Regan Smith, U.S. Olympian– swimming.
“One of the pain points for both selling cars and renting properties is that verifying insurance takes too long and is cumbersome, which negatively impacts the customer experience,” CEO and Co-Founder Frederick Waite said.“ It’ s an important— and legally required— step before a car leaves the lot and a tenant moves into a property, but verification hasn’ t evolved in…
SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs.6, 207 crores for the period ended on 30th June, 2023 vis-a-vis Rs.5, 591 crores for the period ended June 30, 2022. SBI Life's profit after tax stands at Rs. 381 crores for the period ended June 30, 2023. SBI Life's AUM also continued to grow at 25% to Rs. 3,28,283…
–Sun Life U.S., the largest independent medical stop-loss provider in the country, has named OptiMed Health Partners as a preferred partner to further the company's goal of improving healthcare access, while also managing rising healthcare costs. The new program through OptiMed will identify opportunities to administer specialty drugs to members who need…
–As previously announced, The Progressive Corporation will host an Investor Relations event on Wednesday, August 2, 2023, beginning at 9:30 a.m. eastern time. The event, which will consist of both a conference call and an audio-only webcast, is scheduled to last 90 minutes and will begin with an approximate 45- minute presentation on loss reserving and cohort…
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of WAICA Reinsurance Corporation PLC. The ratings have been removed from under review with negative implications as AM Best has completed its assessment of the impact of deterioration in economic and…
Dennis Kelleher, Co-Founder, President and CEO of Better Markets, announced today that Shayna Olesiuk, CFA, who most recently served as Deputy Director for Deposit Insurance and Risk Analysis in the Division of Insurance and Research for the Federal Deposit Insurance Corporation, has joined Better Markets as Director of Banking Policy.
Ice Miller today announced Maddie Augustus has joined the firm's Public Affairs Group as Senior Director of Public Affairs. Prior to joining Ice Miller, Augustus served as Director of Government Relations for the Insurance Institute of Indiana, where she was responsible for state and local government affairs for the interests of managed care entities,…
Several retirees were on hand Wednesday to ask the Massena Town Board to speed up the process and approve the transition to the new plan. Deputy Town Supervisor Patrick M. Facteau said they had followed up with Zachary Zuckerman, a group benefits consultant at USI Insurance Services in Syracuse, and he had made contact with most of the retirees to discuss the new…
–For the second consecutive year, NJM Insurance Group has been selected as a top performing company in the insurance industry by Ward, a business unit of Aon plc and a leading benchmarking provider for the insurance industry. About NJM Insurance Group Founded in 1913, NJM is among the Mid-Atlantic’ s region leading property and casualty insurers and has…
California Association of Health Plans issued the following news release on July 25, 2023:. Covered California today announced preliminary health insurance rates for 2024, citing an average statewide rate change of 9.6 percent. We are also pleased that Covered California consumers have many health plan choices on the exchange with the addition of another…
The Research Brief is a short take about interesting academic work. We analyzed data from the 2018 Health and Retirement Study, a large national survey of older adults conducted by the Institute for Social Research at the University of Michigan every two years, to determine how using five different financial eligibility criteria would increase the number of…
–Financial innovation platform Exponential Exchange today announced the successful close of an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management solutions into the automotive ecosystem and other industries with underserved asset…
Top state health officials say they plan to plow most of the money into higher payments for doctors, hospitals, and other health care providers who serve Californians covered by Medi-Cal, the state's Medicaid program. Even as they battle for their share, industry leaders are quietly plotting a November 2024 ballot initiative to lock in the Medi-Cal payment…
