The following information was released by New York Senator Charles Schumer:. As New Yorkers see their only option is to pay thousands more for health insurance with less than 10 days before enrollment begins, U.S. Senate Minority Leader Chuck Schumer joined families from across New York who rely on the Affordable Care Act tax credits to afford healthcare to…
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Today, Michigan state Senate Democrats passed a resolution calling for Congress to protect the Affordable Care Act credits that help thousands of Michiganders afford their health insurance. "Unfortunately, many Michigan Republicans have made it very clear they will pick Trump over their working families across Michigan, every time. Thankfully, Michigan…
Universal Insurance Holdings reported third quarter 2025 results. Net income available to common stockholders was $39.8 million, compared to a net loss of $16.2 million in the prior year quarter, and adjusted net income available to common stockholders was $39.1 million, compared to a net loss of $20.8 million in the prior year quarter. Revenue was $401.0…
Kinsale Capital Group, Inc. announced today that Brian D. Haney, President and Chief Operating Officer, has been elected to the Company’ s Board of Directors, effective October 23, 2025. In addition, Mr. Haney has informed the Company of his plans to retire on March 2, 2026. Upon retirement, Mr. Haney will commence a consulting engagement with the Company as a Senior…
Today, Governor Ron DeSantis was joined by Insurance Commissioner Michael Yaworsky to announce continued progress in Florida's insurance market, with major reforms driving down rates, attracting new insurers, reducing litigation, and delivering significant savings for Florida consumers. "Florida's insurance market is stabilizing with decreasing auto…
The following information was released by Washington Senator Maria Cantwell:. WASHINGTON, D.C. Today, U.S. Senator Maria Cantwell, ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released a case study showing the actual, shocking increase in health premiums for a sample…
The following information was released by Iowa Senator Charles Grassley:. Floor Remarks by Senator Chuck Grassley of Iowa. Until this year, two very important and top Department of Health and Human Services Inspector General recommendations were unaddressed, and they should have been addressed, because these are egregious wastes of taxpayers'.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” on the surplus notes of…
ST. PAUL, Minn.& DALLAS—- Securian Financial and Custodia Financial today announced a new strategic relationship expanding access to Custodia’ s Retirement Loan Protection SM program— a first-of-its-kind, in-plan feature that helps safeguard employees’ retirement savings by automatically protecting 401 loans from default when job loss, disability or death…
The steep hikes stem from the expiration of federal tax credits that congressional Republicans refuse to extend. Last year's average rate increase in Washington was 10.7%. Open enrollment begins Nov. 1, and will run through Jan. 15.
Family health insurance for most American workers averaged $27,000 this year, according to a survey released Wednesday by the health research group KFF, and Maryland families are feeling the strain. "It really is the middle class who is most squeezed by surging health insurance costs," said Anirba Basu, chairman and CEO of Sage Policy Group, a Baltimore- based…
Two weeks into the federal government shutdown, Congress is still deadlocked over temporary funding as Democrats insist on extending the credits that Congress created in 2021.. And Idaho could lose 1,100 jobs next year if the credits expire, out of almost 340,000 job losses estimated across the U.S., an analysis published Thursday by the Commonwealth Fund…
The ratings also reflect enhancement from AFNIC’ s majority shareholder, the Government of Fujairah– Department of Industry and Economy, which holds in excess of 80% of AFNIC’ s shareholdings. The Government of Fujairah has demonstrated capital support to AFNIC through capital injections and accumulation of capital at AFNIC through bonus shares in lieu of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…
An offsetting rating factor is EARe’ s exposure to the very high levels of political risk and the high levels of economic and financial system risks in Kenya, where the company is domiciled and over 80% of its invested assets are located. EARe has a track record of adequate operating performance, with return-on-equity ratios moderately exceeding inflation…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Gulf Insurance Group B.S.C. (c). The ratings also factor in lift from GIG Gulf’ s parent company, Gulf Insurance Group K.S.C.P., due to the strategic importance of GIG Gulf to the group. In 2024, GIG Gulf reported a post-tax profit of BHD 17.0 million, translating to a…
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of CICA Life Insurance Company of America. The outlook of the FSR is stable. Liquidity is enhanced by a $10 million of Federal Home Loan Bank lending capacity and $20 million in a bank line of…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…
AM Best Managing Director Greg Williams appears as the featured guest in the current episode of Canadian Underwriter’ s“ What’ s on Dec? AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To learn more about AM Best’ s Canada Insurance Market Briefing- Toronto,…
