The Department of Housing and Urban Development will reduce its annual mortgage insurance premium by 0.30 percentage points, from 0.85 percent to 0.55 percent for most new borrowers. This was announced by Vice President Kamala Harris and Department of Housing and Urban Development Secretary Marcia Fudge in Bowie, Maryland, Wednesday.
Newswires
–Chubb Limited announced today that its Board of Directors will recommend to shareholders at the company's 2023 Annual General Meeting an increase in its quarterly dividend for the thirtieth consecutive year. The proposal calls for a $3.44 annual per share dividend, payable in four quarterly installments of $0.86 per share, compared to the current…
Feb. 22— Nearly 20 State College- area townhomes were deemed unsafe in late December and January after a sinkhole opened up in a Patton Township parking lot. Pennsylvania's geologic profile lays the groundwork for subsidence, or the sinking of the earth's surface in response to natural or human-induced causes, often through sinkholes or erosion.
AM Best also has affirmed the Mexico National Scale Rating of“ aaa.MX” of ADM and AVM. The ratings of ADM and AVM also reflect their affiliation and strategic importance to Assurant, Inc., the ultimate parent, as a steppingstone to grow in the Latin America market. ADM and AVM initiated operations in 2004 and are owned by Assurant Holding Mexico, S. de R.L. de C.V., which is…
The purpose of Management's Discussion and Analysis is to provide an understanding of Cincinnati Financial Corporation's consolidated results of operations and financial condition. Information from A.M. Best is presented on a statutory accounting basis for insurance company regulation in the United States of America. Through The Cincinnati…
While working for a life insurance company, an Iowa woman managed to steal $273,698 over 36 fraudulent transactions, according to federal prosecutors. Jordyn Darion Culp, of Dallas Center,“ stole life insurance proceeds from minor children of deceased federal employees and treated their trust accounts as her personal piggy bank,” prosecutors said in court…
The American Land Title Association, the national trade association of the land title insurance industry, announced it has renewed HDEP International as an ALTA Elite Provider. "HDEP International has shown its dedication to excellence as a member of the ALTA Elite Provider Program," said Diane Tomb, ALTA's chief executive officer. This system proves Elite…
AM Best will participate in separate panel discussions on the insurance-linked securities market and credit rating agencies during the Association of Insurance and Financial Analysts annual conference, which will take place March 5-7, 2023, in Naples, FL.. Wong-Fupuy oversees a team of analysts responsible for the financial ratings of global reinsurance…
According to the J.D. Power 2023 U.S. “The P&C industry playbook for the past few years has been to invest heavily in digital solutions that streamline the claims process for customers, while reducing costs and improving efficiency for carriers,” said Mark Garrett, director, insurance intelligence at J.D. Power.“ However, the longer cycle times have made it…
A new report recently released by a leading Georgia medical university ranks the state among the worst in the nation for health insurance coverage. Georgia ranks 49th in the U.S. for residents without health insurance, according to a report from Augusta University. The Institute of Public and Preventative Health this month published its second Healthy…
AM Best has downgraded the Long-Term Issuer Credit Rating to“ bbb” from“ bbb+” and affirmed the Financial Strength Rating of B++ of Wolverine Mutual Insurance Company. The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR is negative. Additionally, Wolverine’ s underwriting losses resulted from the decline in written…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of PVI Insurance Corporation. PVI Insurance has reported consistent technical profitability and a five-year average return- on-equity ratio of 17%. AM Best expects PVI Insurance will continue to maintain its underwriting profitability with a…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of“ bbb” of PVI Reinsurance Joint-Stock Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PVI Re’ s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Shanghai Electric Insurance Limited. The outlook of these Credit Ratings is stable. In March 2022, the government subsidy resumed, and thereafter, the company restarted to take in business.
Aviation Insurance Market: Global Opportunity Analysis and Industry Forecast, 2021-2030. PORTLAND, OR, USA, UNITED STATES, February 23, 2023/ EINPresswire.com/– Allied Market Research published a report, titled, " Aviation Insurance Market by Insurance Type and Application: Global Opportunity Analysis and Industry Forecast, 2021– 2030." According to the report,…
WASHINGTON, Feb. 23– The Center on Budget and Policy Priorities issued the following news:. Like the Old-Age, Survivors, and Disability Insurance program, commonly known as Social Security, SSI is administered by the Social Security Administration. In December 2022, 7.5 million people collected SSI benefits.
WASHINGTON, Feb. 23– The World Bank issued the following policy research working paper in February 2023 entitled "The Prices in the Crises- What We Are Learning from Twenty Years of Health Insurance in Low- and Middle-Income Countries." The policy research working paper was written by Jishnu Das and Quy-Toan Do. Governments in many low- and middle-income countries…
Date of Report: February 21, 2023. REINSURANCE GROUP OF AMERICA, INCORPORATED. 16600 Swingley Ridge Road, Chesterfield, Missouri63017.
Tammy Baldwin, D- Wisconsin, issued the following news release and letter:. Senators Tammy Baldwin and Chris Murphy led a group of 32 colleagues in a letter urging the Department of Health and Human Services to take immediate action and address short-term limited duration insurance plans, or junk plans, which fail to provide adequate, comprehensive health…
