Newswires

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of RoyalStar Assurance Ltd.. The outlook of these Credit Ratings is stable. However, the company has a high dependence on reinsurance to manage capital exposure to catastrophic events, as is typical of Caribbean insurers.

The ratings actions follow the recent announcement by Priority Health that it has completed its acquisition of PHP. The upgrade to PHP’ s Long-Term ICR and positive outlook reflect enhancement from the financial and operational support implicitly provided by its new intermediate parent, Priority Health. Priority Health is a Grand Rapids, MI- based health…

Canadian Imperial Bank of Commerce. $Capped Leveraged Buffered Notes Linked to the Worst Performing of the SPDR ® Dow Jones ® Industrial Average SM ETF Trust and the SPDR ® S&P 500 ® ETF Trust due December 23, 2027. The notes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or…

On behalf of the Board of Directors and management of Capitol Federal Financial, Inc. ®, we cordially invite you to attend our annual meeting of stockholders. The meeting will be held at 10:00 a.m. local time on Tuesday, January 28, 2025, at the Bradbury Thompson Alumni Center on the WashbuUniversity campus, 1701 S.W. Jewell Avenue, Topeka, Kansas.

PHOENIX– Native Americans in Arizona and three other states could now see government health coverage for some traditional healing practices. On Oct. 16, the Biden administration announced it had expanded both Medicaid coverage and the Children’ s Health Insurance Program in Arizona, California, New Mexico and Oregon to cover traditional Native American…

Viewers can now access highlights from the AM Best- hosted webinar“ Loss Trends in Cyber Liability Insurance,” sponsored by Munich Re US. Rob Barlow, Cyber Underwriter, Munich Re US Maria Long, Vice President, Cyber Underwriter and Risk Management Portfolio Leader, Munich Re Specialty– Global Markets Carolyn Purwin Ryan, Partner, Data Privacy and Cybersecurity,…

DECEMBER 19, 2024| CHICAGO, IL- Ryan Specialty, a leading international specialty insurance firm, is pleased to announce that Shawn Yingling has joined its specialty underwriting segment, Ryan Specialty Underwriting Managers. Shawn will serve as Chief Retail Distribution Officer, bringing with him thirty-five years of diverse insurance experience from…

Prudential Financial, Inc. announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. Prudential Financial, Inc., a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of September…

Luigi Mangione, the suspect charged with shooting to death a health insurance company chief executive on a Manhattan street, will be taken Thursday morning to hearings on related Pennsylvania criminal charges and efforts to extradite him to New York. Luigi Mangione has added a prominent defense lawyer to his legal team as Manhattan prosecutors work to…

Continued Softness in Industrial Macro Environment. Source: S&P Global, Haver Analytics, Goldman Sachs Global Investment Research. Source: Board of Governors of the Federal Reserve System.

WASHINGTON- Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected. "We're on the cusp of a transition to them not cutting every meeting," said David Wilcox, a former…

WASHINGTON– The Federal Reserve lowered its key interest rate by another quarter percentage point Wednesday but forecast a significantly slower pace of rate cuts next year following a recent inflation pickup and strong economic growth. Beth Hammack, head of the Federal Reserve Bank of Cleveland, dissented to Wednesday's decision, preferring to keep rates…

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WASHINGTON- The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are starting to reckon with the prospects for sweeping economic changes under a Trump…

More than a quarter of likely voters, including more than 20% of Republicans, say the brazen slaying of UnitedHealthcare CEO Brian Thompson on a New York City street was an“ understandable” reaction to the high cost of health care. The poll follows statements from Democrats and liberal pundits who seemed to justify the shooting— among them Sen.

—The suspect charged with shooting to death a health insurance company chief executive on a Manhattan street will be taken Thursday morning to hearings on related Pennsylvania criminal charges and efforts to extradite him to New York. He is expected to waive extradition, clearing the way for his return to New York, a person familiar with the matter told The…

Dec. 18— A Florida woman is facing charges after has been charged with threatening a health insurance company by repeating words engraved on bullet casings found at the scene of United Healthcare CEO Brian Thompson's murder. Briana Boston, 42 and mother of three is accused of saying "Delay, deny, depose, you people are next" while speaking on a recorded line with a…

—U.S. stocks are stabilizing Thursday following one of their worst days of the year, and indexes are clawing back about a third of those losses. The S&P 500 rallied 1.1% in early trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. Traders are now expecting the Federal Reserve to…

Dec. 18— A Burien man is suing Kaiser Permanente after the health system denied coverage of his hearing aids, which he alleges violates the Affordable Care Act's anti-discrimination law. The complaint, filed Wednesday in U.S. District Court for Western Washington, is the first nationwide class-action lawsuit to challenge the hearing aid exclusion in Kaiser's…