Josh Shapiro signed Oct. 22, according to the General Assembly's bill records, WHYY and Insurance Journal. The new law adds five items, according to WHYY, Insurance Journal and the bill text:. The law also directs the Pennsylvania Insurance Department to publish information on flood zones, flood insurance and ways to reduce flood damage, according to the bill text…
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AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of“ a” and the Mexico National Scale Rating of“ aaa.MX” of Reaseguradora Patria, S.A.. Patria Re is Mexico’s only locally registered reinsurer, founded in 1953. The company has strong positioning in Mexico and in other Latin America markets, which allows it to accept…
"GM turned private vehicles into mobile insurance surveillance machines without consumer consent or awareness," Connecticut Attorney General William Tong said in a Thursday press release announcing the settlement. GM's settlement resolves claims in 35 states and Washington, D.C. Those states are: Alabama, Alaska, Arizona, Colorado, Connecticut, Delaware,…
Arch Insurance North America, today announced it has entered into an agreement to acquire Premier Dealer Holding Corp., and its subsidiaries including Premier Dealer Services, a Dublin, Ohio- based provider of automotive Finance and Insurance products and services. “PDS has built a strong business with an experienced team, differentiated technology and…
More than a decade after a botched rollout earned Oregon a reputation for having one of the worst state-run health insurance marketplaces in the nation, the state is poised to launch its own system once again. The ExploreHealthOR.gov marketplace will officially launch Nov. 1 for open enrollment under the purview of the Oregon Health Authority, serving the…
The coalition alleged that GM sold the information to data brokers, which then sold it to insurance companies for use in setting rates. From 2016 to 2024, GM enrolled millions of drivers in its Smart Driver program, which tracked driving habits. According to the coalition, GM promoted the program as a way to improve driving safety and told consumers their…
When a mediator carried questions between defense counsel and the insurance adjuster, co-owner Joe Volta didn’ t stop to search the file. Chandler Volta Personal Injury Lawyers resolved the case for $1.625 million. Founded in 2023 by Volta and Michael Chandler, the firm serves clients across North and South Carolina.
While the bulk of those reductions in insured people will be in Santa Barbara and Santa Maria, around 9,000 San Luis Obispo clients are likely to lose their health insurance, CenCal Health CEO Marina Owen said. In San Luis Obispo County, CenCal Health covers around 62,000 people, or around 22% of the county’ s population, according to data provided by CenCal.
District Judge Richard Stearns in Boston grants a partial victory to the 25 Democratic-led states that sued the Trump administration in June, arguing that its new "medically frail" designation was too narrow and would make it too difficult for ill and disabled people to remain on Medicaid, the joint federal-state health insurance program for people with low…
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…
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…
