In the July issue, Best’ s Review examines top insurers and the people who lead them. This includes a look at the Top 20 Global Insurance Brokers ranked by total 2025 revenue. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
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SWBC is proud to announce that Joan Cleveland, President and CEO of SWBC Life Insurance Company and Executive Vice President of SWBC Property and Casualty Insurance Company, has been reappointed to the Texas Association of Life& Health Insurers Board of Directors. TALHI represents life and health insurers across Texas and advocates for economic,…
“We are excited to expand the BCAR Model product line,” said Adriana Franco, vice president of product strategy at AM Best.“ This new subscription option helps customers assess risk-adjusted capitalization levels under changing conditions for life insurance companies. “Best’s Capital Adequacy Ratio Model– Life, US joins Best’s Capital Adequacy Ratio Model– P/C,…
Congress returns to Washington, D.C. today with both chambers' versions of the FY27 National Defense Authorization Act on the agenda, although it is unclear if each will have the votes to tackle the bills this week. Also on Capitol Hill, acting CFPB Director Russell Vought will testify before the House Financial Services Committee Wednesday and the Senate…
The following information was released by the Federal Reserve Board:. Our efforts in the United States have been progressing swiftly over the past year, and most jurisdictions around the world have undertaken similar reviews of their respective regulatory and supervisory financial system frameworks. Today, I will outline these principles, and I will share…
“From where we sit, the outlook may call for positioning that is less a bet on catastrophe than an insistence on being paid to wait– on cash flows, uncorrelated return streams, and discipline on long-duration equity,” says Mrs. Burton. With the Federal Reserve leaning hawkish and the 10- year Treasury near 4.5%, Mrs. Burton urges allocators to stay invested in quality…
Gavin Newsom and the Democrats in the California Legislature have just increased a tax you have likely never heard of, but which could cost you hundreds next year. If California happens to tax its managed care organizations more, we can generally get more money out of the federal government to help pay for low-income Californians who need care through the state’…
The U.S. property/casualty industry capitalized on improved underwriting and pricing in 2025 to generate its best performance of the past decade, according to a new AM Best report. According to the report, the U.S. personal lines segment’ s underwriting profit almost quadrupled to more than $45 billion in 2025, while the commercial lines segment’ s profit more…
As a family rancher whose sole income is cattle, my monthly health insurance premium went from about $1,300 a month in 2025 to $2,100 a month this year. That’ s an increase of roughly $10,000 a year. Citizenship by birth is widely associated with the United States.
AUBURN— An added retirement provision and increased health insurance contributions are among the changes to Auburn City Manager Jenny Haines' contract that will be voted on by the City Council this week. The Citizen's review of Haines' contract and the amended version found two noticeable changes. The rates will increase to 23.4% on July 1, 2027, and 25% on July…
—American consumers— and the Federal Reserve— are being hit with another high-cost headache. While it won't be as large a spike as occurred in 2021-2023, when inflation peaked at 9.1%, massive AI spending is likely to keep prices rising more quickly than the Federal Reserve would like. Inflation last month likely cooled as gasoline prices have fallen after a…
The top two vote-getters in the June primary for insurance commissioner are democrats Jane Kim and Ben Allen— a first for candidates going against each other from the same political party since the office became an elected position. The 49- year-old Kim, a former Lakeport supervisor from San Francisco, has been endorsed by Vermont "s progressive U.S.
Despite Oklahoma's relatively slow job growth last year, Tulsa is faring better, an economist with the Federal Reserve Bank of Kansas City said. "One pocket of real strength across the state has been Tulsa," said Cortney Cowley, Oklahoma City branch executive and assistant vice president for the KC Fed. Cowley also serves as a special adviser on agriculture to Miki…
The head of BOK Financial— a $54 billion Tulsa- based institution with operations now in eight states— expressed optimism about the economy in Oklahoma and the U.S. In a wide-ranging interview with the Tulsa World last week, Kymes expressed his opinions on the banking industry, the new chairman of the Federal Reserve and Tulsa's economy. Kymes said he was recently…
The State Corporation Commission estimates 100,000 Virginians lost health insurance coverage this year after Congress failed to extend the enhanced federal premium tax credits. STATEWIDE: Fifteen people were killed in fourteen different crashes in Virginia over the Independence Day holiday weekend, according to state police. Crashes occurred in the…
The Board of Trustees for the State Health Plan approved Friday sweeping management and beneficiary changes that include bringing back Blue Cross Blue Shield NC as its third-party administrator in January 2028. The SHP is North Carolina's largest purchaser of medical and pharmaceutical services. The board approved preferred provider contracts with…
Ned Lamont and Hamden state Rep. Josh Elliott are offering Democratic primary voters two vastly contrasting visions on healthcare for all. To Elliott, the health insurance industry should not exist, and he is proposing what he calls "a real public option" that gradually moves Connecticut to a single-payer system by first slowly bringing more working people…
After years of losing out on the federal dollars, Colorado has been approved to tap a well-known Medicaid financing tool that is expected to bring more than $450 million to hospitals. Colorado did not pursue the financing tool until more recently, with hospital system executives earlier saying that decision had "set Colorado back." "In Colorado, Medicaid pays…
A former New Haven firefighter and his wife are accused of staging an armed robbery in West Haven to support an insurance claim for expensive jewelry. Reginald Blakey, 46, and Eunice Blakey, 47, of Washingtonville, New York, each face charges of insurance fraud and conspiracy to commit first-degree larceny, according to The New Haven Register.
