AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of M&C General Insurance Company Limited. After a decline in capital during 2023, mainly due to reduced capital upon M&C General’ s sale to RF&G Insurance Company Limited, the company’ s BCAR scores for 2024 increased significantly. M&C General’ s investment…
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AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Southbridge Compañía de Seguros Generales S.A.. Southbridge is a property/casualty insurer, incorporated on May 6, 1980, in Santiago, Chile. Southbridge ranks sixth within the P/C segment in Chile, holding 5.9% of the market, based on gross written premiums.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of First Net Insurance Company. Underwriting income was reported in four of the last five years, except for 2023, when the company was impacted by Typhoon Mawar, which was the most severe weather event in Guam since 2002. The limited business profile…
Out of 45.9 million total claims in 2024, 20.4% were denied by health insurers in Massachusetts, the Health Policy Commission said in a report released Thursday. "Simplifying and streamlining billing and claims submissions is a clear step we must take to address inefficiencies in the health care system, and a step forward to more affordable, equitable, and…
When Congress finally passed a stopgap measure to end the 43- day federal government budget shutdown last November, the bill did not include provisions to extend or continue the tax credits reducing the cost of health insurance through the Affordable Care Act marketplaces. As a result, premiums for some 24 million Americans with ACA marketplace insurance…
Auto insurance fraud— whether vehicle theft or staged accidents— already costs U.S. consumers billions of dollars annually, experts say. Officials in New Jersey and Michigan have also reported an increase in staged accidents and organized insurance fraud. This trend isn't limited to the U.S. In Canada, property and casualty insurer Aviva reported a 14%…
Check out these crucial wins that AOA achieved for doctors and patients in 2025 as advocates look to March 15-17 for AOA on Capitol Hill| AOA Federal Keyperson Summit. Broadercongressional concerns over Americans health insurance frustrations continue to elevate the need for VBM reforms on Capitol Hill. Advocates will return to Washington, D.C., for AOA on…
The following information was released by the America's Health Insurance Plans:. In a new op-ed for STAT, Donna Shalala and Tommy Thompson two former HHS Secretaries under Democratic and Republican administrations urged policymakers to prioritize the stability of the Medicare Advantage coverage and benefits that 35 million seniors and individuals with…
The following information was released by the Insurance Information Institute:. As climate, cyber, artificial intelligence, and geopolitical risks accelerate, the Lloyd's insurance marketplace is reinforcing the need for innovation, capital resilience, and collaboration to address emerging threats, according to the Insurance Information Institute's…
The Affordable Insurance and Recovery Act will place the costs of extreme weather on the fossil fuel companies responsible to protect California homeowners from rising costs. Survivors of the Los Angeles Fires and consumer advocates joined Senator Scott Wiener outside the Capitol to announce SB 982, the Affordable Insurance and Recovery Act,…
A former firefighter with the South Salisbury Volunteer Fire Department has been charged with obtaining $102,202.80 in disability payments he wasn't entitled to receive. According to a release from the N.C. Department of Insurance, Commissioner Mike Causey announced the arrest of John William Myers, 52, of Salisbury. Special agents with the Department of…
The following information was released by Georgia Senator Reverend Raphael Warnock:. Senator Reverend Warnock questioned Treasury Secretary Scott Bessent on the administration's tariff taxes killing manufacturing jobs across Georgia and the country. Since taking office in 2025, President Trump's trade policies have cost Georgia families an extra…
2026 FEB 05– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ SMART WEIGHTING” by Rachel A. Rice, representing Great-West Life& Annuity Insurance Company. This application was made available to the public on January 22, 2026.
2026 FEB 05– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on Managed Care have been presented. According to news reporting originating in Seattle, Washington, by NewsRx journalists, research stated,“ Addressing health inequity should involve improving access and quality of care for individuals with low income.
2026 FEB 05– By a News Reporter-Staff News Editor at Food Daily News– Investigators publish new report on Agriculture- Agricultural Losses. The news correspondents obtained a quote from the research from Virginia Polytechnic Institute and State University,“ This study addresses this gap by using financial crop loss data and crop insurance payouts to gain a…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Worldwide Medical Assurance, Ltd. Corp.. The outlook of these Credit Ratings is stable. WWMA benefits from its partial ownership by KfW DEG, the German development bank, through its holding company, Worldwide Group, Inc. In recent years, WWMA has expanded…
That's how the federal government and the state have set our nation's health care policy. President Harry Truman's effort after World War II to bring universal health care to the United States failed. In Colorado there's also the Colorado Option, a byproduct of the Affordable Care Act, and Connect for Health Colorado.
—CHESTERFIELD, Mo.— Reinsurance Group of America Inc. on Thursday reported fourth-quarter earnings of $463 million. The Chesterfield, Missouri- based company said it had net income of $6.97 per share. For the year, the company reported profit of $1.18 billion, or $17.69 per share.
A billionaire Republican megadonor is behind a bill moving through the Florida Legislature that the state’ s insurance commissioner warned could force cash-strapped condo owners into riskier and more expensive policies. One company in particular wants to create that new platform: Ryan Specialty, a Chicago- based firm whose co-founder, Patrick Ryan, and his…
