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Mercury Insurance, a leading personal and commercial auto insurer in California, the car capital of the U.S., and provider of auto insurance in 10 other states, has generated a list of the most affordable new SUVs and trucks to help car-buyers find a vehicle that will save them money on insurance. "The appeal of trucks and SUVs is that they can handle weekday work…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Oman Insurance Company P.S.C.. The outlook of these Credit Ratings is stable. Despite highly competitive conditions in the UAE insurance market, the company reported an improved profit after tax of AED 223.6 million in 2022, an increase of 8.5% over 2021.

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Mutua de Riesgo Maritimo, Sociedad de Seguros a Prima Fija. The outlook of these Credit Ratings is negative. In 2022, the mutual achieved record profits after-tax of EUR 1.3 million, and a combined ratio of 93.4%, below Murimar’ s five-year average of 96.9%.

AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of“ bb+” to JSC Insurance Company Aldagi Group. Offsetting factors include the company’ s limited internal capital generation, given its high dividend policy, as well as Aldagi’ s exposure to the moderate political and high economic and financial system risks in Georgia.

Medicare vigilantly protects you, the Medicare beneficiary, from bait and switch tactics and unclear or misleading information about Medicare Advantage, Part D Prescription Drug Plans, and Medicare Supplement Insurance plans. Recently, the Centers for Medicare and Medicaid issued its Final Rule on April 12, 2023. The April 12, 2023 Final Rule increases the…

The National Association of Mutual Insurance Companies issued the following news release on July 27, 2023:. Legislation to impose increased federal oversight and reporting related to climate change and investment practices for the property/casualty insurance industry would needlessly increase costs for consumers and- at best- duplicate the work…

Lincoln Financial Group today announced that for the eighth consecutive year, it has been named as a Best Place to Work for Disability Inclusion, earning a 100% score on the 2023 Disability Equality Index ®. “Diversity, equity and inclusion is at the center of who we are and all we do– fostering an environment that embraces uniqueness, celebrates differences and…

The Insurance Information Institute issued the following news release on July 27, 2023:. U.S. workers compensation insurers were able to underwrite profitably between 2019 and 2022 even as significant changes occurred in the nation's workforce due to the pandemic, according to the Insurance Information Institute. U.S. auto, home, and business insurers,…

America's Health Insurance Plans issued the following statement on July 27, 2023:. On Tuesday, July 25, 2023, Today, the Departments of Health and Human Services, Labor, and Treasury released several documents related to the implementation of the Mental Health Parity and Addiction Equity Act. Even before the pandemic's massive impact on mental health needs,…

America's Health Insurance Plans issued the following news release:. In a remarkable demonstration of unity, AHIP, the American Medical Association, the American Hospital Association, and the Blue Cross Blue Shield Association came together to urge the Centers for Medicare& Medicaid Services to reconsider prior authorization standards the agency has…

Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.

GRAVES COUNTY— The number of families asking for assistance is growing after last week's historic flash flooding in Graves County. At a job fair last week, the Mayfield-Graves County Long-Term Recovery Group had a total of 49 households asking for assistance. Ryan Drane, executive director of the LTRG, said 90% of these families do not have flood insurance, so now…

They turned to Louisiana for its hard-earned expertise. "We've experienced significant devastation in our recent history— from hurricanes, floods, sea level rise, subsidence, coastal land loss, habitat degradation and extreme heat," Edwards said about Louisiana. Over the past two decades, Louisiana has had a front-row seat to the impacts of climate change, with…

It has become as familiar a sight in Washington as the cherry blossoms in spring: lobbyists from the nation's hospitals descending on the Capitol to ask lawmakers to postpone billions in Medicaid funding cuts prescribed by the Affordable Care Act— cuts industry leaders agreed to years ago. Since 2013, Congress has voted 13 times to delay them, siding with…

The Securities and Exchange Commission today charged Brent Seaman of Naples, Florida, and various entities he managed for fraudulently raising approximately $35 million from at least 60 investors through an unregistered securities offering. The SEC's complaint alleges that, from approximately June 2019 until September 2022, Seaman told investors he…