That’ s because meteorologists with the National Oceanic and Atmospheric Administration predict, with so many storms forming, the chances increases of those storms becoming hurricanes and heading directly at us. NOAA is predicting 17 to 25 named storms, with eight to 13 becoming hurricanes and four to seven becoming major hurricanes. That’ s because…
Newswires
That’ s because meteorologists with the National Oceanic and Atmospheric Administration predict, with so many storms forming, the chances increases of those storms becoming hurricanes and heading directly at us. NOAA is predicting 17 to 25 named storms, with eight to 13 becoming hurricanes and four to seven becoming major hurricanes. That’ s because…
SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2024-1, which will provide the Group with multi-year risk transfer capacity of USD 175 million to protect itself against named storms in the US and earthquakes in the US and Canada. The cat bond was priced on 24 May 2024 and issued on 30 May 2024. GC Securities 1 acted as Sole…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Convex Re Limited, Convex Insurance UK Limited, Convex Europe S.A. and Convex Guernsey Limited. All four entities are wholly owned subsidiaries of Convex Group Limited, the non-operating holding company of the group. The group’ s balance sheet strength is…
HAMILTON, Bermuda- May 30, 2024- Everest today announced it has received regulatory approval from the Comisión Nacional de Seguros y Fianzas to operate in Mexico. The entity will be headquartered in Mexico City, with Jaime Chaves López, Head of Mexico, leading operations. Adam Clifford, co-lead of Everest Insurance International ® also added, "We have an…
May 29— Starting Saturday, the state will require Washington insurance companies to inform customers the reason behind all future rate hikes. The transparency rule will apply to all auto and home insurance policies for Washington residents. Last year, the state Office of the Insurance Commissioner approved a nearly 25% average premium increase for auto…
This insight comes from a recent American Psychological Association report, which examined health insurance claims made by millions of Americans who sought care. Eric Russ, the executive director of the Kentucky Psychological Association, told the Lantern the numbers are likely higher than the report reflects because not everyone who seeks out of network…
With predictions from Colorado State University's tropical meteorology project team forecasting 23 storms, 11 of which could intensify into hurricanes, including five reaching Category 3 status or higher, travelers face heightened risks during this summer. "This year's forecasts predict one of the most extensive hurricane seasons ever," says Stan…
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR of“ a” of Associated Electric& Gas Insurance Services Limited. AEGIS focuses on risk diversification and capital preservation, which have been achieved through a successful combination of its…
JACKSON— Lack of insurance coverage is placing Teton Youth and Family Services and organizations like it at risk of losing staff or even closing doors. Andy Schwartz, now a lobbyist, was among the experts who presented the problem to the Wyoming Legislature's Mental Health and Vulnerable Adults Task Force. He represents the Wyoming Youth Services Association,…
Bixler Insurance is a great option when looking for low-cost insurance in Bluffton and Decatur, Indiana, as they offer various discounts and customizable coverage options to fit any budget. Depending on individual needs and circumstances, Bixler Insurance can tailor a policy that provides adequate coverage without breaking the bank.
Lindenhurst, NY—- 05/30/2024– Auto insurance protects drivers and cars from unexpected events. It covers accidents, theft, and vehicle damage, which protects drivers against high repair and litigation costs. First Choice Insurance Agency strives to offer their consumers top-notch auto insurance in Massapequa and Deer Park, New York.
–Sun Life has released its annual High-Cost Claims and Injectable Drug Trends Analysis report, analyzing 60,000 stop-loss claims from a member database of 6 million people. The findings, which span from 2019– 2022, showed that 87% of self-funded employers experienced at least one high-cost claim during the four-year time period. "Our extensive claims…
Bixler Insurance is a reliable and trusted insurance agency that can help homeowners navigate their options and find the best policy for their circumstances. Whether it's coverage for natural disasters, theft, or liability protection, Bixler Insurance can help homeowners find the right policy to protect their most valuable assets. Due to their commitment…
Whether it's wildfires in Arizona and Oregon, tornadoes in Kansas and Oklahoma, hurricanes in North Carolina, Virginia and of course, Florida, extreme weather is changing the actuarial landscape. It's an unsettling routine many Florida property owners know all too well: Property insurers either raising premiums to exorbitant and unaffordable rates or…
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Maine Employers’ Mutual Insurance Company and its wholly owned subsidiaries, MEMIC Indemnity Company and MEMIC Casualty Company. All three companies collectively are referred to as MEMIC Group.
Brighton, MI—- 05/30/2024– Auto insurance is an essential safety net for auto owners. Due to the increasing rate of road accidents, the market for auto insurance in Ann Arbor and South Lyon is expanding. Follmer Insurance Services is a reliable auto insurance provider in Ann Arbor and South Lyon, amongst other insurance solutions.
Brighton, MI—- 05/30/2024– Businesses need commercial insurance to protect against unexpected financial losses. It protects businesses from natural catastrophes, vandalism, and theft. Additionally, commercial insurance covers business interruption, allowing organizations to stay open and recover quickly after a fire or natural disaster. Commercial…
Anna Moeller, D- Elgin, concluded the spring session on Wednesday by passing a forward-thinking and empathetic budget. This budget aims to strengthen Illinois' financial stability while supporting families facing rising costs and enacting significant health insurance reforms. While other states prioritize the wealthiest, we are championing the everyday…
