The following information was released by the Wisconsin Office of the Commissioner of Insurance:. "Wisconsin's competitive insurance market has made it possible for hundreds of thousands of people to access high-quality health insurance coverage," said Commissioner Nathan Houdek. The Wisconsin Health Care Stability Plan has successfully held down rates…
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AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to Balboa Reinsurance, Ltd.. The company’ s affiliation with Seguros e Inversiones, S.A. with the guarantee it provides, give synergy and highlights the importance of the company to the group. The business of Banitsmo has proven to be profitable presenting proven…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of R.V.I. Guaranty Co., Ltd., and its subsidiary, R.V.I. America Insurance Company. The outlook of these Credit Ratings is stable. RVI is affiliated with Group 1001 Insurance Holdings, LLC, which recently has been the subject of a federal regulatory investigation…
Josh Shapiro signed House Bill 1704 into law to help Pennsylvania's homeowners understand potential flood risk during the home-buying process and protect against catastrophic loss. Perry Warren, D- Bucks, implements a key recommendation of the Pennsylvania Flood Insurance Premium Assistance Task Force, which provided recommendations to Governor…
Governor Shapiro and the Pennsylvania Insurance Department worked closely with Representative Robert Merski, the sponsor of the bill, and the General Assembly to advance this landmark legislation that achieved unanimous votes of approval in the House and Senate. PID thanks Governor Shapiro and the bill sponsors and members of both chambers for their…
The annual enrollment period offers Colorado residents the opportunity to explore new health insurance options or renew their current plans. Finding ways to save may be especially important for 2027. The Colorado Division of Insurance announced in September that health insurance premiums will rise by an average of 10% for customers in the individual…
Finalized recommendations from the Iowa Medicaid Fraud Elimination Task Force include suggested legislative changes to increase penalties for Medicaid fraud, give investigators more authority and add anti-kickback and civil penalty laws. Increasing the staff from nine to 24 would cost roughly $3.3 million annually, but according to the…
Starr Chile is an affiliate of Starr International Group, which on a consolidated basis has a balance sheet strength that AM Best assesses as strongest, as well as adequate operating performance, favorable business profile and appropriate enterprise risk management. Starr Chile is a property/casualty insurer, established in Santiago, Chile, in 2016, as part…
There has been no shortage of warnings, from declared states of emergency by the governor and San Diego mayor to multiple weather advisories. Even without an El Niño condition, an analysis by climate risk financial modeling firm First Street found that 9,425 properties, or 3.5%, in San Diego are at risk of flooding over the next 30 years, due to various kinds of…
MX” of Insignia Life S.A. de C.V.. Insignia was established in Mexico City in 2008 as a life insurance company that underwrites individual and group life through a commercial network of agents and brokers via 10 offices located throughout Mexico. Insignia ranks within the top 25 companies in the life insurance segment in the country, with a market share of less…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Thursday announced its approval of the application by The Bank of Nova Scotia, of Toronto, Canada, to become a bank holding company by acquiring Maple Financial Holdings, Inc., of Dallas, Texas, and thereby indirectly acquiring MapleMark Bank, of Tulsa, Oklahoma.
U.S. tort costs nearly doubled between 2014 and 2023, rising from $299.7 billion to $579.7 billion and significantly outpacing economic growth, according to a new report by the Insurance Information Institute. The analysis draws on the U.S. Chamber Institute for Legal Reform’s 2026 report, International Tort Costs: A Comparative Analysis of the United…
From 2016 to 2024, GM enrolled millions of drivers in their Smart Driver program, which tracked their driving habits. GM pitched this tool as a way for drivers to improve their own driving safety and told drivers that they would not share their data with insurers without express consent. GM used one sign-up process for drivers to enroll in Smart Driver along with…
RICHMOND, Va.– General Motors will pay $220 million to settle allegations that it illegally sold consumers' private driver behavior data and location information to third parties, including data brokers who then sold the data to insurance companies. Attorney General Jones joined a coalition of 36 attorneys general in the case against GM, and the Commonwealth…
The July 2025, H.R.1 Reconciliation Bill included $50 billion nationally over five years for the Rural Health Transformation Program, through which California received $233.6 million for the first program year. To examine the role, capacity, and contributions of rural hospitals and to inform understanding of the potential consequences of…
The following information was released by the California Department of Public Health:. These vaccines are an important piece in preventing illnesses and are currently available at local healthcare providers throughout California. Additionally, they must be covered by health insurers in California.
The promise of government-provided healthcare and other social programs without premiums, deductibles or copays has a powerful appeal. The Democratic nominee for the U.S. Senate in Michigan, Abdul El-Sayed, recently said about universal healthcare that "it is guaranteed health insurance from cradle to the moment you pass away. This is a level of security we…
From 2016 to 2024, GM enrolled millions of drivers in their Smart Driver program, which tracked their driving habits. GM pitched this tool as a way for drivers to improve their own driving safety and told drivers that they would not share their data with insurers without express consent. However, the coalition found that GM sold this information to data brokers…
The leader of Indiana's Medicaid program says the state must change up a widely used low-income health insurance program as the federal government slashes a key funding source over the next five years. "Changes in the hospital assessment fee will have a material, but not catastrophic, effect on the budget," said Secretary Mitch Roob, whose Family and Social…
