AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ping An Health Insurance Company of China, Ltd.. The ratings also reflect the implicit and explicit support that Ping An Health receives from its two major shareholders, Ping An Insurance Company of China, Ltd. and Discovery Limited, with respect to capital and…
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AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. In May 2026, GUNA Re recorded significant capital erosion arising from accounting treatment issues in the novation of an underwriting portfolio from the existing entity, NEWGT Reinsurance…
SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect,…
Democrats held an event in Davenport Thursday to criticize Ashley Hinson's wealth and connections to the insurance industry. The Democrats pointed to Hinson's net worth, which is estimated to be $5.53 million, according to Quiver Quant, a website that aggregates public finance disclosure records. Democrats also criticized her votes for the Big Beautiful…
NEW YORK— Wall Street rallied Thursday as investors curbed their rate hike bets after U.S. Federal Reserve board member Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating. All three major U.S. stock indexes closed at least 1% higher, with the Nasdaq enjoying a boost from the "…
—Stocks are mostly lower in the early going on Wall Street and Treasury yields are higher after a surprisingly strong report on the job market appeared to increase chances that the U.S. central bank could raise interest rates later this month. The government reported that U.S. employers added 162,000 jobs to their payrolls last month, far more than expected.
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update the Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update the Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
The following information was released by the National Association of Insurance and Financial Advisors:. By NAIFA on 9/ 3/ 26, 3:14 PM. Often, individuals who are likely to face a federal estate tax or think they will desire to have life insurance paid to an irrevocable trust that is outside their estate.
Representatives Laura Gillen, Troy Nehls, Josh Gottheimer, and Vince Fong targets insurance fraud schemes in which bad actors deliberately cause, stage, or fabricate motor vehicle accidents to file false claims to obtain large cash payouts. Their selfish actions put the lives of innocent Americans at risk and contribute to soaring insurance premiums that…
The following information was released by the Federal Reserve Board:. To set the stage before we talk, let me give you a sense of my thinking, as of today, about the economic outlook and the implications for monetary policy.1 The short version is that, while inflation remains meaningfully above the Federal Open Market Committee's 2 percent goal, recent data…
AM Best has revised its outlook to stable from negative for Brazil’ s reinsurance market, citing its resilience to weather-related events and favorable bottom-line results in 2025, driven by renewed underwriting discipline. Another change occurred in April 2026, when Brazil’ s value-added tax reform introduced the CBS and IBS taxes, replacing federal, state,…
The Federal Emergency Management Agency opened a 90- day appeal and comment period on Aug. 20 for proposed updates to federal flood maps in several counties, including Volusia. The proposed maps are part of FEMA’ s effort to update+ ho Flood Insurance Rate Map for Volusia County. The County will accept correspondence only for properties in unincorporated…
Californians could soon benefit from one of the most significant consumer protection packages advanced by the California Department of Insurance in recent years. A package of 10 commissioner-sponsored bills now awaiting the governor's signature would strengthen disaster recovery protections, increase insurance company accountability and…
After decades of fighting to obtain justice, 145 people who were sexually abused by Catholic clergy and staff in the Diocese of Winona-Rochester will be paid $30 million in a settlement agreement reached with the largest insurer of the diocese. Anderson told MPR News the settlement with the United States Fire Insurance Company covers incidents of abuse…
Mehmet Oz, the nation's Centers for Medicare and Medicaid Services administrator, and Kelly Loeffler, U.S. administrator of the Small Business Administration, came Thursday to Hancock Wellness Center in New Palestine. They were there to discuss more on Individual Coverage Health Reimbursement Arrangement in Indiana. Indiana has been named as the national…
EDMOND, Okla.– Citizens Bank of Edmond Chairman, President, and CEO Jill Castilla was invited to participate in the G20 Finance Ministers and Central bank Governors Meeting this week. Treasury Scott Bessent, Federal Reserve Chair Kevin Warsh, JPMorganChase CEO Jamie Dimon, Goldman Sachs CEO David Solomon, Truist CEO Michael Lyons, Federal Reserve Vice Chair…
The following information was released by the Montana Commissioner of Securities and Insurance:. Montana consumers should exercise caution before enrolling in a limited partner plan. Companies may offer plans that refer to consumers as "limited partners" or "employees" to avoid Montana consumer-protection regulations.
The following information was released by California State Senator Ben Allen:. SACRAMENTO Senator Ben Allen advanced a pair of policies out of the Legislature to protect ratepayers from unnecessarily losing their insurance coverage or falling victim to bad business practices. "California ratepayers have faced an increasingly difficult insurance…
