In CVS Health Corp’s 10- K filing with the SEC, the company outlines a wide range of business and financial risks. The central takeaway is that CVS Health is a large, diversified healthcare company whose earnings depend on navigating regulation, reimbursement, medical cost trends, pharmacy economics, and complex operational execution. CVS Health Risk Factors…
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New York Life announced the launch of an indemnity benefit payment option for Asset Flex, its hybrid long-term care insurance solution combining long-term care and universal life insurance. “We know that 70% of Americans turning 65 will need some form of LTC 1, but LIMRA research finds only 3% over age 50 own any long-term care insurance 2,” said Ruby Grace Reyes,…
Berkshire Hathaway Specialty Insurance today announced two promotions within its Healthcare Professional Liability business. “Jarek and Greg are leaders who have each played an important role in the growth and success of our Healthcare business,” said Leo Carroll, Head of U.S. Healthcare, BHSI.“ Jarek brings exceptional underwriting expertise, strategic…
As Blue Whale insures or reinsures Pfizer’ s international employee benefits and global property exposures, among other coverages, it plays a strategic and critical role in Pfizer’ s overall ERM in protecting the Pfizer enterprise’ s assets. Blue Whale provides substantial retentions in coverages for Pfizer, augmented by significant reinsurance capacity.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the members of MedPro Group. These Credit Ratings apply to The Medical Protective Company and its affiliates: Princeton Insurance Company; PLICO, Inc.; Wellfleet Insurance Company; and Wellfleet New York Insurance Company; as well as MedPro’ s two reinsured…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Al Ahleia Insurance Company S.A.K.P.. The outlook of these Credit Ratings is stable. The company has reported improved pre-tax profits over the past five years, reaching KWD 29 million in 2025, equivalent to a return-on-equity ratio of 16%.
Federal Reserve Chairman Kevin Warsh on Tuesday vowed to "do my job" if challenged by President Donald Trump, his most direct comment so far about how he would handle the sort of pressure his predecessor felt through much of his tenure. Asked about how he will react if Trump continues targeting the U.S. central bank through efforts that included the attempted…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of DB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. While the acquisition of The Fortegra Group, Inc., completed in May 2026, could potentially weigh on risk-adjusted capitalisation, AM Best views DBI as having a sufficient capital buffer to…
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of The People’ s Insurance Company of China, Limited. The ratings also reflect the strategic importance of the company to its parent, The People’ s Insurance Company of China Limited. In 2025, PICC HK ranked 8th amongst primary non-life insurers in Hong…
California law requires car insurance companies to offer a discount to eligible older drivers. Under California Insurance Code, drivers 55 and older are eligible for a car insurance discount after completing a "mature driver improvement course provided for and approved” by the California Department of Motor Vehicles. According to AARP, the course reviews…
The following information was released by the Federal Reserve Board:. At "Next-Gen Financial Inclusion," the third annual Financial Inclusion Conference hosted by the Federal Reserve Board, Washington, D.C.. Good afternoon, and thank you for joining us today at the Board's third annual Financial Inclusion Conference. 1 While I am unable to join you in person, I…
WASHINGTON, July 15, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Home Insurance Awards. "When choosing the right home insurance company to trust with their largest asset, homeowners should consider not only the cost of a policy but also the reliability of that…
It’ s a heightened concern for the estimated million-plus farmworkers who are U.S. citizens or legal permanent residents, as new work requirements kick in for the federal-state healthcare program that serves low-income and disabled Americans. “Having a work requirement— having to create more paperwork and more proof— is certainly extremely challenging for…
A comprehensive legal system abuse awareness campaign, conducted by the Insurance Information Institute in Georgia in 2025, has been recognized with a Silver Award in the Best Local/Hyperlocal Campaign category of the Bulldog PR Awards. Triple-I recognized the legal system abuse challenges plaguing Georgia and launched a comprehensive campaign in…
The following information was released by the National Association of Mutual Insurance Companies:. Congress can better help Americans before and after disaster strikes by passing the Fixing Emergency Management for Americans Act, H.R. 4669, the National Association of Mutual Insurance Companies said today. Testifying on behalf of NAMIC before the House…
The following information was released by the California Public Employees' Retirement System:. SACRAMENTO, Calif. CalPERS announced 2027 health plan premium rates today, keeping the overall weighted rate change to 4.97% while continuing to improve care quality for members. "These rates reflect CalPERS' methodical approach to purchasing health coverage and…
The following information was released by the office of the Governor of California:. Governor Newsom today took action to inform survivors of the Eaton and Palisades fires of their rights regarding funds to rebuild, and warned lenders against practices that may deny or delay homeowners' access to insurance proceeds needed for rebuilding.
"Now, the Federal Reserve semiannual report highlights that Black people have continued to have higher unemployment rates and lower wages than white workers." Pressley Has Repeatedly Sounded the Alarm on Trump's Unemployment Crisis, Pushout of Black Workers, Demanded Action from Federal Reserve. In her question line, Rep. Pressley reiterated her demands that…
According to court documents and statements made in court, Kirtan S. Patel, 34, of Allentown, New Jersey, and a lawful permanent resident originally from India, owned a pharmacy in Jersey City, New Jersey. Patel was sentenced to 30 months in prison and ordered to pay over $620,000 in restitution and $620,000 in forfeiture. According to court documents and…
