–Neptune Flood, the largest private provider of flood insurance in the United States, has crossed $200 million of premium in force and adds seven members to its newly formed advisory board, it was announced today by Trevor Burgess, CEO of Neptune Flood. Crossing $200 million of premium in force brings Neptune to over 5% of the National Flood Insurance Program's…
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AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to“ a” from“ a-” of Pennsylvania National Mutual Casualty Insurance Company, its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company, collectively…
—A New York judge said Thursday he would take a fuller look at Donald Trump’ s out-of-court comments and reconsider a $10,000 fine he imposed on the former president a day earlier at his civil fraud trial. The development came after Trump’ s lawyers urged Judge Arthur Engoron to rethink the penalty. Summoned to the witness stand Wednesday to explain his comment,…
AM Best will host a market briefing on the state of the U.S. property/casualty insurance industry in conjunction with the American Property Casualty Insurers Association’ s Annual Meeting, on Monday, Nov. 6, 2023, at 2 p.m. at the Marriott Copley Place in Boston. The event will take place in the Suffolk Room at the Marriott Copley Place, the same location as the APCIA…
The National Insurance Crime Bureau issued the following news release on Oct. 25, 2023:. To combat this growing problem, the National Insurance Crime Bureau, the nation's leading not-for-profit organization dedicated to combatting and preventing insurance crime, hosted a recent legal conference focused on fighting and prosecuting insurance fraud.
The Minister of Finance, Ken Ofori-Atta, yesterday opened the International Conference on Inclusive Insurance with a call on insurance companies in Ghana to develop micro insurance products to protect the poor and vulnerable from the effects of climate change. The Finance Minister appealed to the international donors and the developed economies to…
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute. "A $50 billion loss for a single peril is a big deal," said Steve Bowen, chief science officer, Gallagher Re, who collaborated with Triple-I…
–Today, Northwestern Mutual, a leading financial services company, announced its continued commitment to lessen the racial wealth gap by adding $75 million to its existing Impact Investing Fund– bringing the total to $175 M. "We are steadfast in our commitment to change and proud of the tangible and meaningful impact we've made with our neighbors, partners and…
October 26, 2023/ 3 BL/- Ceres welcomes the harmonized Principles for Climate-Related Financial Risk Management for Large Financial Institutions from the Federal Reserve Board of Governors, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation. “We are encouraged by the Fed, OCC, and FDIC’ s joint effort to release the first…
Heath Phillips of Nebraska Total Care, Jeff Stafford of United Healthcare and Frank Clepper of Molina Healthcare heard from local physicians and other providers about how they can improve their services. Healthy Blue will no longer be providing a Medicaid plan for the state of Nebraska and will be replaced by Molina Healthcare, an insurance provider out of…
This acquisition brings with it 5 new TWFG offices in Hickory, Shelby, Morganton, Forest City, and Marion, North Carolina. Gordy Bunch, Founder and CEO of TWFG Insurance stated, "We are always looking for experienced, growth-oriented insurance agents who share our values to join the TWFG Insurance Family. The Woodlands Financial Group, or TWFG Insurance, is a…
Self-insured small group plans sound innocuous but they're not– and they are growing quickly, according to new numbers from the Connecticut Insurance Department. The plans save money for some small businesses, but they have serious risks. Connecticut's small businesses are struggling.
Kotak General Insurance, a leading contributor of insurance solutions in India, is proud to highlight its car insurance coverage options designed to transform car insurance for Indian drivers. With a focus on customer-oriented and leveraging technology, Kotak General Insurance aims to provide comprehensive protection and unbeatable convenience to car…
The Minnesota Department of Commerce issued the following news release:. Liberty Mutual has agreed to repay approximately $7.7 million to 86,506 policyholders for auto and homeowner insurance policies in the form of refunds, credits and premium discounts in a consent order with the Minnesota Department of Commerce. The consent order involves Liberty…
ERIE, Pa., Oct. 26, 2023- Lorianne "LA" Feltz, Erie Insurance executive vice president of claims& customer service, today announced that she will retire from her role at the end of May 2024. Her leadership roles at ERIE included district sales manager and branch manager in Ohio and regional vice president covering ERIE's midwestestates. Her team represents more than…
Janet Hill, the health department's Chief Operating Officer, also said that the availability of Pfizer vaccines for all ages will be phased out for all ages after the current supply is depleted. However, she added, after these doses are given, no more Pfizer doses will be available at the Rock Island County Health Department. Both Pfizer and Moderna doses are…
The notice was issued by Millicent Brown Wilson, Records Management Branch Chief, Office of the Chief Administrative Officer, Mission Support. The Federal Emergency Management Agency, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public to take this opportunity to comment on a renewal of a currently approved…
Thirty state regulators and the Commodity Futures Trading Commission announced a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons. The settlement resolves the federal lawsuit filed in February 2022 in the U.S. District Court for the Central…
The office of the U.S. Attorney for the District of Massachusetts issued the following news release on Oct. 25, 2023:. A Natick psychiatrist was convicted by a federal jury yesterday of billing Medicare and private insurance companies for over $11 million in treatments he did not provide and obstructing justice in an attempt to conceal his crimes.
