Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa” to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable. The ratings assigned to MSIG Specialty Insurance America, Inc. reflects its strategic importance to the parent as a newly formed excess& surplus entity to support further growth of the business in the United…
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The United States added 172,000 nonfarm payrolls in May, more than doubling expectations, the Bureau of Labor Statistics reported Friday. May's job growth was down from April's 179,000 jobs but beat the Dow Jones consensus estimate of 80,000. The unemployment rate remained at 4.3%. There were 7.3 million people who are unemployed in the United States in May,…
U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.
If you take the long view, America’ s economic outlook is pretty bleak. The stock market is banking on it, as is Kevin Warsh, the chair of the Federal Reserve, who is hoping AI-driven growth could justify a cut in interest rates. It’ s a tall order, as net interest outlays are expected to take up 5.4% of U.S.
ScienceSoft will join the Insurance Tech and Innovation Conference 2026 in Chicago, where insurance leaders will discuss practical applications of technology in claims, underwriting, risk management, and compliance. The event will take place on June 10– 11, 2026, at the Hilton Suites Chicago, Magnificent Mile.. Vital Soupel, Senior Insurance IT and AI…
Blue Cross Blue Shield of North Carolina, the state's largest private health insurer reported it lost $497 million last year. The 4.3 million BCBS customers in North Carolina, about one-third of the state's population, know what this means: their health insurance premiums will increase. Tunde Sotunde, CEO of BCBS, addressed the loss and spoke to the current state…
Iowa has a caregiver crisis that is escalating even faster than its population is graying: Cases of dependent adult abuse, increasing for decades, have skyrocketed in the last five years, with a growing number of people found by the state to be abusive and charged criminally. The findings, documented in statistics Watchdog obtained under Iowa's open records law,…
The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. Tech stocks dragged the broader market lower as companies that had powered the S&P 500 to a…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share…
AM Best has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. This Credit Rating action reflects erosion in GUNA Re’ s capital position, which is a material deviation from the business plan provided by the company, and the uncertainty regarding the company’ s capital support.
The following information was released by the American Cancer Society Cancer Action Network:. The New York State Senate began its wrap up of the 2026 legislative session by advancing bipartisan legislation that would improve New Yorkers' access to paid medical leave through the state's Temporary Disability Insurance Program. Advocates with the American…
This legislative session was a wake-up call for Vermont lawmakers amid one of the largest healthcare affordability crises facing both the state and the nation. Vermont's healthcare system now totals roughly $2.5 billion and accounts for nearly 30% of the state budget. Since 2018, health insurance premiums have increased by 10 to 15% annually, and Vermont…
The following information was released by the office of the Governor of Colorado:. Today, Governor Polis signed bills into law to lower the price of homeowners insurance in Colorado, invest in early childhood education careers and care, and expand pathways for natural medicine. Governor Polis signed SB26-155- Increase Access Homeowner's Insurance…
The following information was released by the Colorado Senate Democrats:. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, Speaker Julie McCluskie, D- Dillon, and Representative Kyle Brown, D- Louisville, will help stabilize Colorado's homeowners insurance market and make property insurance more affordable through the…
Wisconsin healthcare advocates have been worrying for months that new work requirements for some people on Medicaid that will take effect next year will make it harder for people who are eligible to get on, or stay on, the health insurance program. Kids Forward is a Wisconsin research and advocacy organization for children and families of color and facing…
How does a medical expense reimbursement plan work with fully insured health plans? Rising healthcare costs are a challenge for both employers and employees. In 2023 alone, total healthcare spending reached $4.9 trillion in the United States.
The following information was released by Delaware Senator Lisa Blunt Rochester:. Senator Lisa Blunt Rochester, a member of the Senate Committee on Banking, Housing, and Urban Affairs, todayappeared onCNBC's "Squawk Box." She discussed the21stCentury ROAD to Housing Act, Federal Reserve Chair Kevin Warsh, and Bill Pulte's appointment as Acting Director of…
NEW YORK- Health insurer Cigna will stop covering GLP-1 weight-loss drugs, including Novo Nordisk's Wegovy and Eli Lilly' s Zepbound, in its employee health plan effective July 1, according to materials viewed by Reuters. Details of the change in the Cigna Group Medical Plan were announced in an email to employees on Monday. The price of weight-loss drugs has been…
The rate of Idaho babies, toddlers and preschoolers who don’ t have health insurance rose 36% in recent years, leaving the state with the fifth-highest rate of uninsured young children, according to a new report. The report comes years after Idaho state health officials removed tens of thousands of children from Medicaid shortly after the COVID pandemic ended, a…
