New York Life has announced the launch of Balance Wellbeing with New York Life™, its new financial wellbeing offering. Balance Wellbeing™ highlights New York Life’ s long history of helping families build secure futures by providing access to holistic financial guidance and support designed to address employees’ financial challenges and positively impact…
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Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Ruby Reinsurance Company, a Missouri- domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. Combined with the initial investments from Golub Capital, Hudson…
Lincoln Property Company, a global, full-service real estate firm, announced the company has been named as the exclusive real estate provider for TIH, the seventh largest insurance brokerage in the United States. “Our history with TIH is deeply rooted and this expansion is reflective of Lincoln’s mission to help companies leverage their real estate to support…
Consumers who purchased long-term care insurance policies several years ago have discovered that they did not have any protection from increases in premiums. State insurance departments in charge of regulating the industry have by and large allowed insurance companies to increase premiums for existing policies. In many cases, consumers' premiums have…
The U.S. commercial auto insurance segment incurred a net loss of $5 billion in 2023, with results in the first half of 2024 showing further deterioration from the prior year period, according to a new AM Best report. U.S. commercial lines performance overall has been strong, particularly in 2022 and 2023, attributable to strong underwriting performance for…
As Donald Trump, the once and future president of the United States, prepares to take control of the executive branch of the federal government— as much as any one person can control that massive enterprise— he must take steps to make Americans confident in the national economy. On Thursday, the Federal Reserve cut its benchmark rate to about 4.6%, down from a…
WILKES-BARRE— Luzerne County Council on Tuesday approved the settlement of two pending lawsuits involving former inmates at the county correctional facility. Council also hired an insurance broker and declined to vote on a requested tax break for a proposed housing development in Hazleton. Council Chairman John Lombardo voted yes, as did council members…
Whether these departments get the money will be decided later, but the Scene listened in on requests from the Department of Health, the Department of Disability and Aging, the Division of TennCare and the Department of Mental Health and Substance Abuse Services. The highest requests came from the Division of TennCare. Just behind TennCare's largest budget…
Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
Universal Marine Medical Supply International, the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the launch of medO2, an expanded range of maritime medical oxygen solutions designed to enhance safety and compliance for vessels around the world. This press release features multimedia.
Aegis Executive Risks, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today the launch of their Management Liability insurance program. "We are thrilled to expand K2’ s and Aegis General Insurance Agency’s presence in the specialty lines space,” said Jeff Hirsch, President of Aegis Executive Risks.“ This launch would not be…
The U.S. Department of Agriculture announced changes to the Enhanced Coverage Option beginning with the 2025 crop year. USDA's Risk Management Agency is expanding coverage options to additional crops as well as increasing premium support to make the policy more affordable for producers. ECO coverage is unaffected by participation in USDA's Farm Service…
HUTCHINSON, Kan.— Fee Insurance Group has been ranked #6 on the 2024 Best Places to Work in Insurance list for Agents and Brokers by Business Insurance. This recognition celebrates Fee Insurance's commitment to a work culture of integrity, excellence, leadership, and relationships. Best Places to Work in Insurance is an annual sponsored content feature…
Oliver Bate, Chief Executive Officer of Allianz SE. Total business volume advances 17.3 percent to 42.8 billion euros. Total business volume rises 9.6 percent to 133.9 billion euros.
The U.S. Justice Department and four states sued Tuesday to block UnitedHealth Group's proposed $3.3 billion acquisition of Amedisys, a Louisiana- based home health company that would further United's push into the home care and hospice markets. The government unsuccessfully sued to block Optum's acquisition of Change Healthcare in 2022.
Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10- year Treasury bonds, which lenders use as a guide to price home loans. Treasury yields rose in recent weeks even after the Federal Reserve cut its benchmark interest rate, which influences rates on all types of loans including mortgages. Trump says he wants to impose…
Oliver Bäte, Chief Executive Officer of Allianz SE. Total business volume rises 9.6 percent to 133.9 billion euros Operating profit increases by 7.9 percent to 11.8 billion euros driven by all business segments Shareholders’ core net income advances 12.3 percent to 7.6 billion euros Strong Solvency II capitalization ratio of 209 percent 1.
A Luzerne County Council majority voted Tuesday to retain Risk Strategies Company as the county’ s new insurance broker. The annual fee is $55,000 for Risk Strategies, which lists Joseph Joyce Jr. and William Joyce Sr. as the managing directors and has six Pennsylvania offices, including ones in Pittston and Nanticoke. Eight council members then went on to…
In October, Governor Jared Polis's administration launched a Colorado Hospital Price Finder as part of a long-running initiative to improve pricing transparency in health care. In an announcement about the tool, the governor's office said the price finder "provides Coloradans the ability to research all available prices at every hospital."
