Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is thrilled to announce the acquisition of Citizen Choice Insurance& Investments marking a significant step in expanding its service offerings in Nevada. "We are thrilled to welcome Citizen Choice Insurance into the Inszone Insurance family,"…
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"Our exceptional financial strength and superior product value are hallmarks of our company– differentiating Northwestern Mutual in the marketplace and deepening trust with all those we proudly serve," said John Schlifske, the company's chairman, president and chief executive officer. While the country is experiencing historic inflation and other…
Part A– Covers inpatient hospital care, skilled nursing facility, hospice, home health care, and blood work. Part B– Covers doctor's visits, outpatient services, durable medical equipment, preventative care, mental health, and ambulance services. Medigap Plan– Supplemental Insurance policy that helps pay various expenses not covered under original Medicare,…
–MBE certified Embrace Partners, Inc., a tech-driven wholesale property casualty insurance broker, managing general underwriter, and consulting firm focused on DE&I in construction and insurance, made history today announcing that they have secured membership in the prestigious Wholesale Specialty Insurance Association. Embrace is a National Minority…
–Today, Dan Fishbein, M.D., president of Sun Life U.S., released the following statement regarding a federal change to designate people with disabilities as a population experiencing health disparities for NIH research:. "Sun Life U.S. maintains a strong commitment to serving approximately 50 million Americans with a variety of benefits and programs, including…
“The landscape of the life insurance industry has been rapidly reshaped by changes in technology, the receding COVID-19 pandemic, and new demographic and customer trends and expectations,” said Jim Morgan, SBLI president and chief executive officer.“ Our team’ s focus at SBLI to meet that shifting landscape, in addition to our prudent management of capital, is…
The Allstate Corporation will conduct a conference call and webcast at 9 a.m. Eastern on Thursday, Nov. 2, 2023, to discuss third quarter 2023 earnings. The company plans to file a current report on Form 8- K with the Securities and Exchange Commission announcing quarterly results at or after 4:15 p.m. Eastern on Wednesday, Nov. 1. Financial information, including…
The balance sheet was also strengthened by a DZD 5 billion share capital increase in 2022. A partially offsetting rating factor is CCR’ s moderate dependence on retrocession, which is used to protect peak exposures, notably domestically in Algeria. The balance sheet strength assessment also considers CCR’ s significant exposure to the elevated levels of…
Recent data from the Census Bureau shows that the percentage of Arizonans with health insurance rose from 89.3% in 2021 to 89.7% in 2022. Nationally, anywhere from 8 million to 24 million Americans could lose coverage, according to estimates by KFF, the nonprofit formerly known as the Kaiser Family Foundation. Daniel Derksen, an associate vice president for…
U.S. personal and commercial auto insurer liability claim payouts combined were $96 billion to $105 billion higher between 2013 and 2022 because of social and economic inflation, according to a new Insurance Information Institute study. “For personal auto liability insurance, increasing inflation drove loss and DCC higher by $61 billion,” the study, Impact of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Cathay Century Insurance Company Limited. Cathay Century’ s consolidated adjusted capital and surplus shrank 17% to TWD 13.5 billion in 2022 from TWD 16.2 billion in 2021, primarily driven by very large claims arising from pandemic insurance products,…
These subsidiaries collectively are referred to as Humana Health Group. Additionally, AM Best has affirmed the FSR of B++ and the Long-Term ICRs of“ bbb” of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc. These companies are domiciled in Puerto Rico and collectively are referred to as Humana…
The Finger Lakes Soaring Club may be leaving the Dansville Municipal Airport after 60 years. The new lease agreement would require the Finger Lakes Soaring Club to pay $500 a month to the town of North Dansville, a $1,000 deposit, a $5 million liability insurance policy naming the town as additional insured. "This is far above what we can afford," said Cy Kastner, a…
AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of“ aa-” to Aviva Insurance Limited. The ratings of AIL reflect its strategic importance and deep integration to Aviva as a leading provider of non-life insurance in the United Kingdom. AIL is the group’ s main U.K.- based non-life insurer and is the principal contributor of…
Both California, which has been plagued by wildfires, and Florida, at risk for flooding and wind damage, have seen record numbers of policies written with their state-run programs. Citizens Property Insurance of Florida and California's FAIR Plan are designed to insure properties when a homeowner is unable to get insurance in the private market.
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a new long-term partnership with HDI Global Specialty SE, the specialty insurance carrier of HDI Global SE, an A.M. Beginning in 2024, HDI Global Specialty will join Coalition's Cyber and Technology E&O panel in Canada to provide…
–The New York StateWide Senior Action Council, an organization dedicated to advocacy for the rights of seniors in New York State, today announced its Medicare Fraud of the Month for September: Social Engineering, the use of deception to manipulate individuals into divulging confidential or personal information that may be used for fraudulent purposes.
Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, Inc., and MS Transverse Insurance Group has launched a new homeowners program catering to High-Net-Worth customers via a strategic collaboration with MS Transverse Insurance Group. "With the High-Net-Worth insurance landscape undergoing unprecedented changes and challenges,…
Social Security is the largest program in the federal budget, managing over $1 trillion in payments to roughly 70 million beneficiaries annually. For example, in Fiscal Year 2021 alone, Social Security's combined Disability Insurance, Old-Age and Survivors Insurance and Supplemental Security Insurance programs sent out over $6 billion in overpayments.
