KBRA assigns an insurance financial strength rating of A to Soteria Reinsurance Ltd. Soteria reported year-end 2024 GAAP equity of $84.8 million and a BSCR coverage ratio of 319%, well above regulatory requirements and internal targets. The company’ s role within Fidelity’ s customer-centric model, including its reinsurance of predictable single premium…
Newswires
WEST ATLANTIC CITY, N.J., Dec. 22, 2025/ PRNewswire-HISPANIC PR WIRE/— The Great Bay Insurance Group, the leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Brian S. Schleider., has been named as Executive Vice President and Chief Financial Officer of the Group and Sharon Karlsson-Simons has been…
A California appeals court has limited the authority of Insurance Commissioner Ricardo Lara to administratively expand the basic coverage provided by the state’ s property insurer of last resort, the California FAIR Plan. The California Court of Appeal’ s Second Appellate District in Los Angeles sided with the FAIR Plan, a nonprofit association managed by…
BlackRock, Inc. (NYSE: BLK) is one of today’s top gainers. The company’s shares have moved 2.87% on the day to $1,091. BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, […]
On message: Oklahoma's all- Republican House delegation repeated the company line after voting for the GOP's Lower Health Care Premiums for All Americans Act, which gets good marks from budget-watchers even if its title might be a little optimistic. Republicans say extending the credits will only paper over fundamental problems they blame on the ACA itself.
I thought the steep devaluation of UnitedHealth Group last spring and summer would wind up as the most shocking development in Minnesota’ s business scene this year. Then last month came the collapse of UCare. “We had some initial conversations earlier last summer and then kind of paused for a while, and then this fall, that really ramped back up again,” said Lisa…
Alliant Insurance Services, the leading specialty broker, was selected by the Metropolitan Transportation Authority, North America’s largest transportation network, as the insurance broker for Phase 2 of the Second Avenue Subway project. Working with a significant range of leading property owners, developers and contractors in New York, Alliant’ s…
Re: "Attleboro could be facing $5 million deficit due to rising health insurance costs;" "North Attleboro facing possible $2 M deficit in health insurance budget," news stories, front page, Dec. 12:. Attleboro's possible $5 million health insurance budget deficit, along with North Attleboro's possible $2 million problem of the same, is reasonably concerning to the…
A new law taking effect in Florida on Jan. 1 aims to provide pet owners with clarity about pet insurance products they might be considering purchasing to cover accidents and illnesses. Nick DiCeglie, a Pinellas County Republican, told the Senate "s Banking and Insurance Committee in March." While pet insurance has been available in Florida for years, policies have…
Consumer advocates and Democrats warned at the time that the state could expect mass cancellations of policies, exacerbating a crisis that has already hammered Louisiana homeowners. Insurance executives and Republicans, meanwhile, argued the change was needed to bring Louisiana more in line with other states and to invite competition into the market.
Editorial: Another steep homeowners insurance rate hike from Allstate. How should Springfield react?
A few months after State Farm shocked Illinoisans and angered Gov. Combine those two increases, and Allstate is nearing State Farm territory. Allstate "s two hikes also are more on a dollar basis than the State Farm increase because State Farm’ s rates were lower on average than Allstate’ s before these most recent rounds of price hikes.
Medicaid is a federal program jointly funded with the states, providing health and long-term care insurance to more than 80 million low-income Americans. Same goes for BadgerCare in Wisconsin, SoonerCare in Oklahoma, Apple Health in Washington state and so on. Making things even more confusing, most states use private insurers such as Aetna or UnitedHealth to…
In an accompanying petition for intervention filed in Oklahoma County District Court, Drummond asserts that while State Farm marketed its policies as providing full replacement-cost coverage, the company predetermined claim outcomes to meet corporate savings targets rather than honoring policy promises. Drummond is asking the court to award…
Sonoma County’ s median rate for home insurance premiums shot up more over the past decade than in any other part of the nine-county Bay Area, while Lake and Mendocino counties, where wildfires have exacted a wider if not deeper toll, have seen rates climb even faster and higher. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10-…
Jeffries vows to 'pressure' Senate on health care insurance subsidies
Jeffries said on ABC News' This Week that lawmakers will pass a bi-partisan compromise to extend ACA tax credits extension in the House, potentially forcing Senate Republicans hand on health insurance subsidies for at least 22 million Americans who will face higher premiums in the new year. Democrats have said if the two sides are unable to reach a deal on an…
A federal judge in Idaho has temporarily blocked the Idaho Department of Insurance from taking action against PacificSource, an Oregon- based company that offers Medicare Advantage insurance plans, after the department accused the insurer of unfair business practices. Idaho’ s Insurance Director Dean Cameron alleged that PacificSource discouraged…
The following information was released by the America's Health Insurance Plans:. Mike Tuffin, President and CEO, AHIP. In 2023, the net income of health plans accounted for about 0.5% of U.S. health expenditures.
The Anoka-Hennepin School District and the teachers union have been at odds over pay and health insurance costs, with the district trying to overcome a $21 million budget gap and teachers facing a 22% increase in annual premiums. In Minneapolis, educators and the school district came to an agreement after a strike authorization vote in November, with days to…
As the state prepares for its annual General Assembly session beginning Jan. 14, 2026, several laws passed last session are set to take effect Jan. 1. Below is a sample of changes coming to Maryland law on New Year’ s Day. House Bill 1086 states that if medical insurers in Maryland, including the Maryland Medical Assistance Program, cover anesthesia for a procedure,…
