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Newswires

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State Farm, Progressive stop insuring some Kias, Hyundais after rampant thefts [Springfield News-Sun, Ohio]

January 31, 2023 Newswires No comments.

A spokesperson for State Farm said the company for the time being will not approve new customer applications in some states for certain models and trims of Hyundai and Kia because theft losses have increased dramatically. Kia and Hyundai thefts have skyrocketed in Dayton and in some other U.S. cities after viral videos circulated online showing that certain…

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Property Insurance Market Next Big Thing | Major Giants- Aviva, Assicurazioni Generali, State Farm

January 31, 2023

"Property Insurance Market" Latest Study on Industrial Growth of Global Property Insurance Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Property Insurance market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary…

Crop Insurance Market Worth Observing Growth: The New India Assurance, QBE Insurance Group, Santam

January 31, 2023

The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Crop Insurance market. Some are the key& emerging players that are part of coverage and have being profiled are Indian Farmers Fertiliser Cooperative Ltd., QBE Insurance Group Ltd., Santam Ltd., Sompo Holdings Inc., The New India Assurance Co. Ltd., Tokio Marine…

Latest Study on Specialty Insurance Market hints a True Blockbuster | Hanover Insurance, China Life, XL Group

January 31, 2023

In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include, UnitedHealthcare, AXA, Allianz, AIG, Tokio Marine, ACE&Chubb, China Life, XL Group, Argo Group, Munich Re, Hanover Insurance, Nationwide, Assurant, Ironshore. Free Sample Report+ All Related…

NEWS BRIEFS

January 31, 2023

For the new year, the nonrefundable administrative fee due from each party involved in any payment dispute that goes to arbitration increased from $50 to $350, according to a Dec. 23 memo from CMS's Center for Consumer Information and Insurance Oversight. The increase, which modified an Oct. 31 announcement that the $50 rate would carry over from 2022, was…

Curative Insurance Company’s Financial Strength Affirmed with A- (Excellent) Rating from AM Best

January 31, 2023

Curative, a leading health services company that recently launched a new employer-based $0 cost-sharing health plan in Texas, has received an A- financial strength rating affirmation and a Long-Term Issuer Credit Rating of“ a-” from the global credit rating agency AM Best. Curative is well-capitalized and well-positioned to transform health insurance- and…

Patent Issued for Systems and methods for assessing vehicle data transmission capabilities (USPTO 11553363): State Farm Mutual Automobile Insurance Company

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Insurance Daily News– State Farm Mutual Automobile Insurance Company has been issued patent number 11553363, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Chan, Aaron Scott, Sanchez, Kenneth Jason. This patent was filed on November 19, 2019…

Patent Issued for Dynamic delivery of modified user interaction electronic document data objects based at least in part on defined trigger events (USPTO 11550854): UnitedHealth Group Incorporated

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Insurance Daily News– UnitedHealth Group Incorporated has been issued patent number 11550854, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Boss, Gregory J., Choy, Garry, E Vasconcellos, Rafael Campos Do Amaral, Hamilton, Rick A., Holley, Kerrie L..

Data on European Economics Reported by Rijad Kovac and Colleagues (Fiscal policies in the Federation of Bosnia and Herzegovina: are spending or revenue measures more effective?): Economics – European Economics

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Economics- European Economics is the subject of a report. According to news reporting out of Sarajevo, Bosnia and Herzegovina, by NewsRx editors, research stated,“ We examine the effectiveness of different fiscal policies in the Federation of Bosnia and Herzegovina.

Don State Technical University Researchers Have Published New Study Findings on Risk Management (Factors of increasing the competitiveness of agricultural machinery enterprises in post-crisis conditions): Risk Management

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in risk management. According to news reporting originating from Don State Technical University by NewsRx correspondents, research stated,“ The article systematises the factors of increasing the competitiveness of agricultural machinery…

Researchers Submit Patent Application, “Blockchain Controlled Multi-Carrier Auction System For Usage-Based Auto Insurance”, for Approval (USPTO 20230008881): Patent Application

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Insurance Daily News– From Washington, D.C., NewsRx journalists report that a patent application by the inventor Floyd, Matthew L., filed on September 14, 2022, was made available online on January 12, 2023. No assignee for this patent application has been made. News editors obtained the following quote from the…

AM Best Comments on Credit Ratings of American International Group, Inc. and Its Subsidiaries Following Change in Leadership

January 31, 2023

AM Best has commented that the Credit Ratings of American International Group, Inc., its property/casualty subsidiaries, and the members of AIG Life& Retirement Group, all remain unchanged following the Jan. 30, 2023, announcement that Mark Lyons, interim chief financial officer and executive vice president, global chief actuary and head of portfolio…

Medicare Advantage plans overcharged government hundreds of millions, get to hang onto the money

January 31, 2023

The health insurance industry had long feared that the federal Centers for Medicare& Medicaid Services would demand repayment of billions of dollars in overcharges that Medicare Advantage health plans received going as far back as 2011. The health insurance industry had long feared that the federal Centers for Medicare& Medicaid Services would demand…

Moderator: Aaron Diefenthaler January 26, 2023 10:00 a.m. (CDT) – Form 8-K

January 31, 2023

Operator: Good morning, and welcome to the RLI Corp. Fourth Quarter Earnings Teleconference.. Please refer to the risk factors described in the company's various SEC filings, including in the annual report on Form 10- K as supplemented in Forms 10- Q, all of which should be reviewed carefully. Additionally, operating earnings and operating EPS exclude equity and…

AM Best Assigns Issue Credit Rating to United Educators Insurance, A Reciprocal Risk Retention Group’s Surplus Notes

January 31, 2023

AM Best has assigned a Long-Term Issue Credit Rating of“ a-” to the $60 million, 7.79% surplus notes due Jan. 31, 2043, issued by United Educators Insurance, A Reciprocal Risk Retention Group. The outlook assigned to this Credit Rating is stable. The surplus notes are callable by United Educators after seven years, and may be made only with prior approval from the…

Tokyo Metropolitan University Reports Findings in Assistive Technology (History of assistive devices and home modification services under long-term care insurance system in Japan across 20 years: A narrative review): Technology – Assistive Technology

January 31, 2023

2023 JAN 31– By a News Reporter-Staff News Editor at Japan Daily Report– New research on Technology- Assistive Technology is the subject of a report. According to news reporting from Hachioji, Japan, by NewsRx journalists, research stated,“ In this aging society, support services for older adults through the social welfare system have been introduced in many…

Oxbridge Re Announces Its New Subsidiary SurancePlus: To Issue Tokenized Reinsurance Securities

January 31, 2023

–Oxbridge Re Holdings Limited, a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, announced the incorporation of SurancePlus Inc., a new wholly-owned subsidiary.. SurancePlus, incorporated in the British Virgin Islands in December 2022, will issue tokenized reinsurance securities that…

AP Top Health News at 4:19 p.m. EST

January 31, 2023

FDA revamping foods program to move past‘ constant turmoil’ Thousands of care sector workers protest in Brussels Minnesota governor signs broad abortion rights bill into law Indiana justices won't hear 2nd abortion case for now President Biden to end COVID-19 emergencies on May 11 Feds expect to collect $4.7 B in insurance fraud penalties WHO: COVID still an…

Unum Group Reports Fourth Quarter 2022 Results

January 31, 2023

–Unum Group today reported net income of $279.6 million for the fourth quarter of 2022, compared to net income of $159.7 million for the fourth quarter of 2021.. Included in net income for the fourth quarter of 2022 is the after-tax amortization of the cost of reinsurance of $12.0 million, as well as a net after-tax investment gain on the Company's investment…

RenaissanceRe Reports Q4 2022 Net Income Available to Common Shareholders of $448.1 Million; Operating Income Available to Common Shareholders of $322.2 Million.

January 31, 2023

41.2% annualized return on average common equity and 29.6% annualized operating return on average common equity in Q4 2022. Net investment income of $211.2 million in Q4 2022, 162.5% growth compared to Q4 2021. 21.2% growth in net premiums written in 2022; driven by 41.6% growth in Casualty and Specialty. Casualty and Specialty combined ratio of 93.7% in Q4…

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