AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of the members of Allstate Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and all existing Long-and Short-Term Issue Credit Ratings of the ultimate parent, The Allstate Corporation. In addition, AM Best has affirmed the FSR of A and the…
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DOUGLAS— Chiricahua Community Health Centers Inc. has received a $30,000 grant to help Cochise County patients facing housing instability, utility costs and other health-related financial needs. Mercy C.A.R.E.S., short for Community Action Resources Education and Service, is the community-giving initiative of Mercy Care, a nonprofit Medicaid…
Novato has updated its municipal code to meet a Federal Emergency Management Agency program standard that lowers the cost of flood insurance. Novato has a ranking of six. “By adding this 1- foot freeboard, we receive CRS credits, so by doing this we are going to stay in class six and people who live in a flood zone and have flood insurance, they’ re going to get 20% from…
The following information was released by the office of the Governor of Texas:. Governor Greg Abbott today announced that, in response to his directive last week to make property insurance more affordable, the Texas Department of Insurance reminded insurers that the practice of price optimization violates Texas law for all TDI-regulated insurance…
The following information was released by the National Credit Union Administration:. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network are issuing this statement to…
The U.S. Census Bureau is scheduled to hold an online news conference to announce the findings of three reports estimating income, poverty and health insurance coverage in the United States. The reports Income in the United States: 2025, Poverty in the United States: 2025, and Health Insurance Coverage in the United States: 2025 provide national statistics…
“The average annual homeowners’ insurance premium in Texas has risen 79% in six years. High insurance costs hit Texas families hard,” Abbott said. This is after he proposed a plan in July for the legislature to establish a Texas roof fortification program, The Center Square reported..
The Insurance Information Institute today announced the launch of its Insurance Affordability Index, a new interactive resource designed to help consumers, policymakers and the media better understand how homeowners and personal auto insurance costs vary nationwide and the economic, risk and market factors driving those differences.
As officials with the Idaho Department of Health and Welfare prepare to implement the new rules, they fielded questions on Monday from the public. Medicaid expansion is a program, approved by Idaho voters through a 2018 ballot initiative, that offers health insurance coverage to a group of people commonly called the working poor. About 85,000 Idahoans receive…
JAB Insurance today announced the launch of JAB Institutional, a next-generation growth and innovation platform focused on insurance, reinsurance, and financial services. JAB Insurance comprises three verticals: a client-focused U.S. retail platform, an institutional business initially focusing on global reinsurance, and a pension risk solutions…
California wildfire survivors with smoke-damaged homes are one step closer to gaining landmark new protections after the California State Legislature passed Assembly Bill 1795, the Smoke Damage Recovery Act, authored by Assemblymember Mike Gipson and sponsored by Insurance Commissioner Ricardo Lara. I'm proud to have worked with Insurance…
The following information was released by the Federal Reserve Board:. At the Second-Chance Lending Forum, Developing Evidence-Based Policy on Creditworthiness and Criminal History, Washington, D.C.. Thank you to the organizers of this important event for the opportunity to be part of it.1 This conference sits at the intersection of several policy issues…
The following information was released by the Montana Commissioner of Securities and Insurance:. The Life Insurance Policy Locator, hosted by the National Association of Insurance Commissioners with the support of the State Auditor's Office, helps identify unclaimed life insurance policies and annuity contracts by searching records of participating…
As officials with the Idaho Department of Health and Welfare prepare to implement the new rules, they fielded questions on Monday from the public. Medicaid expansion is a program, approved by Idaho voters through a 2018 ballot initiative, that offers health insurance coverage to a group of people commonly called the working poor. About 85,000 Idahoans receive…
The following information was released by the office of the Attorney General of Texas:. Attorney General Ken Paxton launched an investigation into TRICARE Insurance's TriWest Healthcare Alliance Corp. over the company's conduct in its insurance policies. It manages the U.S. Department of Veterans Affairs Community Care Network and serves as the support…
The following information was released by Louisiana Senator John Kennedy:. John Kennedy, a member of the Senate Appropriations Committee, spoke with members of the Houma, Lafourche and Thibodaux Chambers of Commerce and the South Central Industrial Association about priorities for the Bayou Region, including coastal protection, flood insurance and…
The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening Market”, is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Kanika Thukral, associate director, analytics and one of the report authors, said, "Over the longer term, the reinsurance segment’ s performance…
Los Angeles County has sued State Farm, alleging the insurer engaged in unfair business practices while handling homeowners insurance claims from the January 2025 Eaton and Palisades fires. The lawsuit, filed by County Counsel on behalf of the People of the State of California, accuses State Farm of unreasonable delays, systematic underpayments, frequent…
SACRAMENTO, CA., 9/ 1/ 2026— Gov. Instead, the governor and Senate and Assembly leaders agreed on a package of policies that includes prohibiting private equity groups from investing in wildfire claims and denying utility CEO bonuses in the years their companies cause fatal fires. Opponents included insurance companies, consumer advocates and survivors of the…
