In an emailed statement signed by Commissioner Chairman Mike Stiles, the county wrote that it has successfully recovered $208,544.69 of the $247,230 total. Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford…
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Governor Greg Abbott today announced that the Texas Department of Insurance, in response to his August 24 directive, identified actions to protect consumers and make property and casualty insurance more affordable for Texans. "The average annual homeowners' insurance premium in Texas rose 79 percent in six years," said Governor Abbott. Last month, Governor…
Today, Senate Banking Committee Chairman Tim Scott held an executive session to consider terrorism insurance reauthorization and four of President Trump's nominees. Reflecting on the 25th anniversary of September 11 and his experience running an insurance business in South Carolina, Chairman Scott discussed coverage for businesses rebuilding after a…
U.S. stocks rose and recovered most of their losses for the week. Falling oil prices and easing pressure from the bond market on Thursday helped Wall Street reverse many of its moves from the prior day, when the Federal Reserve hiked its main interest rate for the first time in years and suggested more may be on the way. The yield on the 10- year Treasury fell to 4.93%.
Last month, I received a call from a man who desperately needed help with his father. The father had dementia, was living alone and had recently been admitted to the hospital. The medical team's recommendation was clear: He needed to move into an assisted living community, preferably memory care.
The suggestion came soon after Dean Cameron, the director of the Idaho Department of Insurance, started speaking to the Legislature’ s Health Insurers Working Group. A significant amount of complaints that the state agency receives against health insurers are related to claims being denied, along with pharmacy benefits and plan cancelations, according to…
After freezing new home insurance policies in California in 2022 and 2023, Allstate and State Farm are seeking a limited return to writing new residential policies. State Farm said it will consider issuing policies to homes that meet the strictest Insurance Institute for Business& Home Safety standards for wildfire safety, Lara’ s office said.
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aa+” to Lasso Healthcare Insurance Company. The outlook assigned to these Credit Ratings is stable. The assessment also considers the financial support provided by its parent, HCC Life Insurance Company.
–Nearly 750,000 teachers, state employees, retirees, lawmakers active and retired, and members of higher education on Jan. 1 will have a new healthcare access through the State Health Plan and 12 Atrium Health hospitals in North Carolina. Members of the plan using primary care provided with Atrium Health can continue at no change in cost or benefit.
Higher interest rates tend to make many people antsy. Tracked were 30- year mortgage rates from Freddie Mac, job counts from the Bureau of Labor Statistics, and home prices measured by the Federal Housing Finance Agency. The goal was to see how bosses and house hunters in California and nationwide react when mortgage rates are above 7%.
The following information was released by the America's Health Insurance Plans:. U.S. healthcare spending is expected to surpass $6 trillion this year, a 6 percent increase from last year, as hospital consolidation and robust demand for specialty drugs, particularly expensive GLP-1 weight loss medications, drive up expenditures. A new tool from Yale's Health…
Summit, a leading superregional provider of workers’ compensation insurance services, is pleased to announce the expansion of its coverage into Maryland and Washington, D.C.. Summit-managed carriers, Bridgefield Casualty Insurance Company ®, Bridgefield Employers Insurance Company ®, and Bridgefield Indemnity Insurance Company ®, received…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Allianz Ayudhya General Insurance Public Company Limited. The outlook of these Credit Ratings is stable. Concurrently, AM Best has assigned a Thailand National Scale Rating of aaa.TH to AAGI.
AM Best has assigned a Financial Strength Rating of A-, a Long-Term Issuer Credit Rating of“ a-” and an India National Scale Rating of aaa.IN to Niva Bupa Health Insurance Company Limited. The outlook assigned to these Credit Ratings is stable. The ratings also incorporate rating enhancement from Niva Bupa’ s parent company, British United Provident Association…
A federal judge sentenced a 49- year-old Omaha woman to five months in prison last Thursday after the woman pleaded guilty in June to fraudulently billing Medicaid and other insurers for medical products meant for patients who never received them. Cassi Wigington also must pay $445,255.37 in restitution, U.S. District Court Judge Robert Rossiter ruled.
–The Federal Reserve raised interest rates a quarter point Wednesday, its first increase in three years, a unanimous move that came despite President Donald Trump's demands for cuts, with officials signaling more increases could follow this year. The increase keeps short-term borrowing costs elevated heading into fall for credit cards and auto loans, and can…
INDIANAPOLIS– Indiana Farm Bureau Insurance is preparing for its summer internship program. Candidates best suited for the program are undergraduates with ties to Indiana, including those attending school in-state as well as Indiana natives enrolled at out-of-state colleges and universities. The roles are hybrid, with interns spending part of their week…
Mirabella has been with AM Best since 2003 and oversees a team of analysts who are responsible for monitoring and evaluating a myriad of insurance companies that operate in the personal lines, commercial lines and life/annuity segments in the United States and Canada. The Insurance Summit is hosted by the National Association of Insurance Commissioners…
—U.S. stocks are rising Thursday and recovering most of their losses for the week. Falling oil prices and easing pressure from the bond market helped Wall Street reverse many of its moves from the prior day, when the Federal Reserve hiked its main interest rate for the first time in years and suggested more may be ahead as it tries to get the nation’ s high inflation…