AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of R.V.I. Guaranty Co., Ltd., and its subsidiary, R.V.I. America Insurance Company. The outlook of these Credit Ratings is stable. RVI is affiliated with Group 1001 Insurance Holdings, LLC, and benefits from Group 1001’ s expertise in areas such as investment, risk…
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AM Best has affirmed the Performance Assessment of PA-2 of Delta Insurance New Zealand Limited and Delta Underwriting Private Limited. The companies are assessed on a consolidated basis under their parent, Delta International Limited. Delta was founded in New Zealand in 2014 with local ownership and operates from offices in New Zealand, Australia and…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of KB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect KBI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk…
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with New York Life, America’ s largest 1 mutual life insurance company. Under the expanded agreement, New York Life will purchase Affirm’ s installment loans on a forward-flow basis between now and December…
The Senate Transportation Committee, chaired by Sen. Judy Ward, Wednesday questioned the Pennsylvania Department of Transportation about fixing alleged lapses in car insurance during a hearing, according to a state release. The committee received testimony from several individuals, including PennDOT Secretary Mike Carroll and the president of…
To understand the voracious appetite of California wildfires in the past decade, you need to realize that 75% of the state’ s most destructive conflagrations have happened since 2015.. That devastation— and the federal and state dollars it burns through in suppression and prevention costs— has caught the attention of California Senator Alex Padilla, who is…
WATERFORD— The town will continue to cover its workers' health insurance premiums. Board members Sue Hayes, Vice Chair Will Jones and Tim Yarrow voted in favor, Chair Ron Gray and Wade Cochran voted against. While Cochran had previously said "this is unheard of that we're paying 100 percent," a 2025 Vermont League of Cities& Towns survey shows that 64 responding…
The statewide monthly premium increase for the 2026 federal health insurance marketplace will be in a range of 16.9% to 36.4%, the N.C. Insurance Department confirmed Wednesday. Policy holders must sign up by Dec. 15 to ensure that coverage begin Jan. 1. The governor's office said the average marketplace enrollee in North Carolina is expected to pay $672 more in…
This proposed single-digit filing, the first since FY23, is largely the result of a combination of price- and cost-control actions by the Vermont Legislature, state regulators at the Green Mountain Care Board and VEHI, the filing stated. The rates will be filed with the Vermont Department of Financial Regulation by Oct. 31, and a formal decision from the DFR is…
Kristina Hitchens has joined Alliant Insurance Services as First Vice President within its Employee Benefits Group. Based in Charleston, South Carolina, Hitchens will leverage her background in health, life, and disability; marketing; and business development to enhance Alliant’ s client offerings, drive new initiatives, and provide strategic guidance to…
From a small-business owner in Decorah, to a laid off worker in Des Moines, thousands of Iowans are facing hard choices this fall: pay more for health insurance, drop coverage entirely or gamble on cheaper plans with fewer protections. Insurance Commissioner Doug Ommen urged Iowans to plan early and pay close attention to federal subsidy changes that could…
If the health care system fails to come to an agreement with Anthem Blue Cross Blue Shield before Saturday, Nov. 1, Northern Light care will become out-of-network for people with Anthem insurance. If that happens, Northern Light hospital services will still stay in-network with Anthem plans through Dec. 31. All Northern Light hospitals and physicians will…
When the open-enrollment period for Connect for Health Colorado, the state's individual marketplace under the Affordable Care Act, begins on Nov. 1, the average consumer can expect a net premium increase of 101%, according to the figures released by the state's Division of Insurance. The vast majority of that "staggering" increase, the division said, is caused by…
The loss of the subsidies will have an outsized effect on Texas, where nearly 4 million people signed up for ACA coverage this year. Texas has the highest uninsured rate in the country— 16.7% of the population did not have health insurance coverage in 2024, the latest data available. Republicans say they won't consider extending the subsidies unless Democrats…
SIOUX CITY— UnityPoint Health is encouraging patients covered by certain health insurance plans to review their options, as those plans will not be accepted next year. UnityPoint Health acquired MercyOne Siouxland Medical Center and its affiliated clinics in a deal that became final on Sept. 1. Patients currently covered by the following health insurance…
A federal judge has granted Wellmark Blue Cross and Blue Shield a preliminary injunction temporarily blocking enforcement of parts of Iowa's new pharmacy benefit manager reform law, shielding the state's largest health insurer and its customers from provisions Wellmark argues would sharply increase prescription costs. The injunction applies to…
The following information was released by the Illinois Senate Democrats:. In order to protect community based foster care agencies from the increasing costs and the decreasing availability of liability insurance, State Senator Laura Fine passed legislation to analyze the current foster care liability insurance landscape in Illinois.
The following information was released by the Illinois Senate Democrats:. State Senator Michael E. Hastings advanced legislation designed to protect homeowners from excessive insurance rate increases and ensure fairness, transparency and accountability in Illinois homeowners insurance. "Here is what this means for Illinois homeowners no more surprise…
The following information was released by the New Jersey Department of Banking and Insurance:. The New Jersey Department of Banking and Insurance today issued a bulletin encouraging insurance carriers, financial institutions, and other regulated entities to proactively work with and assist federal workers who are state residents and may be adversely…
