AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Malaysian Reinsurance Berhad. The outlook of these Credit Ratings is stable. In fiscal year 2019, a capital injection of MYR 100 million from its holding company, MNRB Holdings Berhad, has strengthened its capital position to support business growth.
Which means I'll be fielding all the hot takes on the Dems' performances from the peanut gallery that is my parents. Assemblywoman Monique Limón, D- Goleta, has spent much of her time in the Legislature on a law to crack down on the lending industry's habit of imposing triple-digit interest on loans between $2,500 and $10,000. But when the hour strikes midnight on…
Today’s workers have saved $50,000 in all household retirement accounts, but savings vary dramatically across demographic segments, according to A Compendium of Findings About U.S. Workers, a new report released today by nonprofit Transamerica Center for Retirement Studies.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Provident Insurance Corporation Limited. The ratings were placed under review with negative implications in July 2019, which reflected uncertainty around the finalization of PICL’ s year-end…
AM BestTV will be airing a special presentation on the future of self-driving cars on Thursday, Dec. 19, 2019, at 2 p.m.. This video presentation will examine how increasingly smarter vehicles have forced insurers to explore how to best manage the changing risk landscape for the largest segment of the U.S. personal lines sector. Register now to view the…
–The Allstate Corporation is embarking on a Transformative Growth Plan that leverages the Allstate brand, people and technology to accelerate growth in its personal property-liability business. A leader in taking a consumer-focused approach to insurance, Allstate will expand customer access, improve customer value propositions, and increase…
–Leading lower-middle-market private equity firm Huron Capital announced today that High Street Insurance Partners, its ExecFactor ® full-service insurance brokerage platform, has acquired InPro Insurance Group, an independent insurance agency. “Dave and High Street have similar values and goals for where we would like to take our company in the future,”…
AM Best has commented that the Credit Ratings of ReliaStar Life Insurance Company of New York and ReliaStar Life Insurance Company, collectively known as ReliaStar Life Insurance Group, remain unchanged following the Dec. 18, 2019, announcement of the sale by its parent, Voya Financial, Inc., of the individual life and other legacy non-retirement annuities…
Dec. 19– Sacramento, says Assemblyman Jim Wood, is filled with people dedicated to maintaining the status quo. Wood, D- Santa Rosa, speaks from experience, having tackled some of California's most intractable issues during his three terms in the Legislature: health care, housing, insurance, utilities, water. North Coast voters would be wise to send him back to…
Renewing car insurance is important for any policyholder. The alternative is to switch carrier at the right time. Otherwise, having a coverage lapse will make drivers pay more expensive premiums.
The reasoning of both courts was that the mandate lost constitutional protection when the penalty for noncompliance was set at zero by Congress in 2017. The line of reasoning is that the penalty had been upheld as a tax by the Supreme Court in 2012, but with money no longer involved, it can no longer be seen as a form of taxation. The Supreme Court characterized the…
The very strong capital position of New York Life should be strengthened further over the long term by the diversification of Cigna’ s non-medical group insurance entities. The transaction purchase price of USD $6.3 billion is to be paid in cash and funded by a combination of existing capital and surplus notes previously issued by New York Life.
The Allstate Corporation today announced estimated catastrophe losses for the month of November 2019 of $33 million, pre-tax. Allstate previously announced $237 million, pre-tax, in estimated catastrophe losses for the month of October 2019, bringing estimated catastrophe losses for the months of October and November 2019 to $270 million, pre-tax.
Dec. 19– TRAVERSE CITY– Ethics stormed back into public discussion at the Grand Traverse County Board of Commissioners meeting Wednesday, when a finance staffer disclosed two backpack leaf blowers were purchased by Commission on Aging staff from a retailer co-owned by Board Chair Rob Hentschel. Hentschel, a co-owner with three other family members of Roy's…
Whatever emotion, it's likely to be much the same as you felt last week when majority Democrats on the House Judiciary Committee unveiled the articles of impeachment they say warrant the 45th president's removal from office. Reading the eight-page resolution containing the Democrats' allegations of abuse of power and obstruction of Congress isn't going to…
–Wilmington Trust, a leader in corporate and institutional services, announced it has promoted Lauren Mance to the newly created position of Investment Leader for its Institutional Client Services business. In this role, Mance will set and lead the investment strategy for the firm's Global Capital Markets and Retirement and Institutional Custody Services…
NCPDP and Experian Health announced today that every person in the U.S. population, of an estimated 328 million Americans, have been assigned a unique Universal Patient Identifier, powered by Experian Health Universal Identity Manager and NCPDP Standards™. Experian Health is a leader in identity management performing patient identity matching for…
David G. Sayles Insurance Services, a highly acclaimed independent insurance agency based in Glen Rock, on Wednesday announced it will undergo a comprehensive website redesign and brand elevation. In an era when many independent insurance firms in New Jersey have sold or merged with larger firms, David G. Sayles Insurance Services remains committed to their…
A federal appeals court ruled Wednesday that the ACA’s individual mandate runs afoul of the Constitution because it is no longer a tax following President Trump’s decision to rearrange his predecessor’s program. The decision to punt the case back down the judicial ladder makes it likely that another Obamacare showdown before the Supreme Court.
