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A.M. Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York. A.M. Best also has affirmed the FSR of A and the Long-Term ICRs of“ a+” of IDS Property Casualty Insurance Company and its wholly owned, fully…

By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a trademark application has been made for “OIL RIG” by Elizabeth R Pearce, representing American International Group. The owner/registrar information for this application is: Elizabeth R Pearce, American…

The bill extends the operating authority of the Federal Aviation Administration through March. The House initially passed the bill with provisions that would have expanded the private flood insurance market. The Senate stripped out those provisions and sent it back to the House, which passed it again.

By a News Reporter-Staff News Editor at Insurance Weekly News– Citizens, Inc. announced the passing of its founder, Mr. He has personally left a generous legacy of giving to his community, his church, Baylor University and Southwestern Seminary, having gifted much of his wealth during his lifetime. Over several years, Harold took an active role in developing our…

Timetric’s Insight Report: Blockchain in Insurance analyses how this potentially revolutionary technology is affecting the global insurance industry now, and how it could shape the industry in the future. Download the full report: https://www.reportbuyer.com/product/5119701. Summary Timetric’s Insight Report: Blockchain in Insurance covers the…

The U.S. military is sending a three-star general to Puerto Rico to help direct the response to the hurricane as the Defense Department works to send several thousand more troops to the island. Jeff Buchanan, commander of U.S. Army North, will be arriving in Puerto Rico on Thursday evening. Two Republican senators have introduced legislation to permanently…

Monica Hayden is waiting for the day when the Air Force starts matching the money she puts into her retirement savings fund. Hayden, a financial manager at Offutt Air Force Base, and thousands of other service members, can choose a new retirement deal from the military starting Jan. 1. That’s when the Department of Defense deploys its new Blended Retirement System,…

By a News Reporter-Staff News Editor at Managed Care Weekly Digest– Current study results on Health Insurance have been published. The news correspondents report that additional information may be obtained from S. Mitra, Fordham University, Dept. of Econ, Bronx, NY 10458, United States. Keywords for this news article include: Bronx, New York, United States, North…

—Iowa is seeking permission from President Donald Trump’s administration to cut a key benefit for all its Medicaid recipients, a move that could foreshadow other state-level efforts to change the safety net program after Congress repeatedly failed to repeal the Affordable Care Act. A CMS spokesman declined to comment on Iowa, directing inquiries to the…

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” of Capital General Insurance Company Limited. Concurrently, A.M. Best has affirmed the FSR of B- and the Long-Term ICR of“ bb-” of Capital Life Insurance Company Limited. Both companies are subsidiaries of the…

—The Latest on Washington’s response to help hurricane-ravaged Puerto Rico:. Two Republican senators have introduced legislation to permanently exempt Puerto Rico from the Jones Act, a previously obscure law that requires that goods shipped between U.S. ports be carried by U.S.- flagged vessels. John McCain of Arizona and Mike Lee of Utah said the waiver will…

A.M. Best has downgraded the Long-Term Issuer Credit Rating to“ bbb” from“ bbb+” and affirmed the Financial Strength Rating of B++ of United India Insurance Company Limited. The outlook of the FSR has been revised to negative from stable, while the outlook of the Long-Term ICR remains negative. In the 12- month period ending March 2017, United India’ s combined ratio…

Press Office Matt Sparks, Erin Perrine. Washington, D.C.- House Majority Leader Kevin McCarthy spoke this morning on Fox Business, Fox News, and Bloomberg on how tax reform will do amazing things for the American people. So instead of that middle-income American only earning the first $6,000 tax-free, it’s now $12,000.

Shaheen, Hassan Call for Immediate Action to Support Relief Efforts for Puerto Rico. –Yesterday, in a letter to President Trump, Senators Jeanne Shaheen and Maggie Hassan joined their Senate colleagues in calling for swift action to support recovery and relief efforts for Puerto Rico in the devastating aftermath of Hurricane Maria. “We saw immediate action…

Mosquito gut bacteria may offer clues to malaria control Trump unhappy with top health official over travel Congress at crossroads after another GOP health care failure McCain demands accounting from VA on money for private care’ Obamacare’ survives; GOP concedes on last-gasp repeal try