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AM Best Assigns Credit Ratings to Interplus Re Limited

June 20, 2025

Interplus is a reinsurance company incorporated under the Laws of Barbados on Aug. 11, 2021, as a Class 2 License Insurance Company. Interplus is 98% owned by INTEHO Limited, based in Barbados. The remaining 34% of its portfolio is distributed across Asia, Africa, Europe and Oceania.

Studies from U.S. Department of Agriculture (USDA) Reveal New Findings on Crop Insurance (Risk Reduction Impacts of Crop Insurance In the United States): Agriculture – Crop Insurance

June 20, 2025

2025 JUN 20– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Agriculture- Crop Insurance are presented in a new report. Financial support for this research came from United States Department of Agriculture. Dept. of Agriculture, Economic Research Service, Kansas City, MO, United States.

Investigators from Oregon Health & Science University (OHSU) Have Reported New Data on Managed Care (Insurance Instability Among Community-based Health Center Patients With Diabetes Post-affordable Care Act Medicaid Expansion): Managed Care

June 20, 2025

2025 JUN 20– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Investigators discuss new findings in Managed Care. Financial supporters for this research include Centers for Disease Control& Prevention- USA, NIH National Institute of Diabetes& Digestive& Kidney Diseases. Our news journalists obtained a quote from the research from Oregon…

Researchers from Rowan University Detail New Studies and Findings in the Area of Managed Care (Current Status of Healthcare Financial Literacy Among Medical Trainees and Junior Hospitalists an Observational Survey Study): Managed Care

June 20, 2025

2025 JUN 20– By a News Reporter-Staff News Editor at Education Daily Report– New research on Managed Care is the subject of a report. Our news journalists obtained a quote from the research from Rowan University,“ To assess healthcare financial literacy among medical students, medicine residents, and junior hospitalists, we conducted a survey at an academic…

Opinion: If Colorado's Medicaid work and cost-sharing program works so well, why would we oppose the federal proposal?

June 20, 2025

Let's be clear: At the Colorado Cross-Disability Coalition, we're not against working. In fact, we've championed a Medicaid program in Colorado, the Working Adults with Disabilities Buy-In program, that requires both. This program allows Coloradans with disabilities to earn money, get out of poverty and keep their assets while paying a monthly premium between…

F&I Sentinel Redefines Aftermarket Product Servicing with Enhanced Managed Cancellations

June 20, 2025

TALLAHASSEE, Fla., June 18, 2025/ PRNewswire/— F&I Sentinel, the leader in tech-enabled solutions for finance and insurance products to the automotive finance industry, today announces its first significant platform upgrade since the acquisition of aftermarket refund solution leader Express Recoveries from Cox Automotive in 2024. These upgrades are a…

AM Best Affirms Credit Ratings of Prism Assurance, Ltd.

June 20, 2025

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Prism Assurance, Ltd.. The outlook of these Credit Ratings is stable. Prism is the single-parent captive insurance company of Apogee, one of the largest architectural design and construction companies in the United States.

Report From FINRA Board of Governors Meeting – June 2025

June 20, 2025

FINRA’ s Board of Governors met June 4-5. The Board approved two rule proposals, approved the appointments of new Advisory Committee members, met with Securities and Exchange Commission Commissioner Mark Uyeda, and received updates on FINRA’ s long-term financial planning and FINRA’ s enterprise risk management and cybersecurity program.

Union County on the brink of facing medical budget cuts

June 20, 2025

UNION COUNTY, N.C.— The North Carolina Senate is reviewing the 2025 Appropriations Act that may create major deficits in healthcare services across North Carolina, including Union County. Possible budget cuts referenced in the bill are tightening the resources that Union County relies on and may leave many people across the state without health insurance.

How artificial intelligence controls your health insurance coverage

June 20, 2025

Evidence suggests that insurance companies use AI to delay or limit health care that patients need. Over the past decade, health insurance companies have increasingly embraced the use of artificial intelligence algorithms. Unlike doctors and hospitals, which use AI to help diagnose and treat patients, health insurers use these algorithms to decide whether…

Legislation to protect children from harmful medical procedures

June 20, 2025

Judy Ward introduced Senate Bill 843, the Do No Harm Act, which protects minors from receiving irreparable gender transitioning procedures. The legislation would also prevent state tax dollars from going to these procedures. This legislation would also prohibit government programs, such as the Children's Health Insurance Program and Medicaid from…

AM Best Downgrades Issuer Credit Rating of Safety Insurance Group, Inc. and Its Key Subsidiaries

June 20, 2025

AM Best has downgraded the Long-Term Issuer Credit Ratings to“ a” from“ a+” and affirmed the Financial Strength Rating of A of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as Safety Group. All companies are…

AM Best Affirms Credit Ratings of Everlake Life Group Members

June 20, 2025

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…

AM Best Comments on Credit Ratings of Erie Insurance Group and Erie Family Life Insurance Company

June 20, 2025

AM Best has commented that the Credit Ratings of the property/casualty members of Erie Insurance Group and Erie Family Life Insurance Company remain unchanged following the organization’ s announcement that it sustained an information security event, which has resulted in a widespread network outage impacting Erie’ s systems. On June 11, 2025, Erie filed a…

COVU Completes 4th Acquisition with Ford Insurance Agency, Cementing Leadership in AI-Native Insurance Servicing

June 20, 2025

COVU, Inc., the leader in AI-native customer servicing for the insurance industry, today announced the acquisition of Ford Insurance Agency, a 100+ year-old, family-owned business based in Maine. If we keep it going the way it’ s going, it’ ll be a very good company,” said Gary Lonsinger, former owner of Ford Insurance Agency.“ We chose to sell to COVU because they were the…

AM Best Upgrades Credit Ratings of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company

June 20, 2025

AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to“ aa” from“ a+” of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company, collectively referred to as MS Transverse Insurance Group. These companies are domiciled in Dallas, TX, and are now part of MSIG…

AM Best Affirms Credit Ratings of Aseguradora General, S.A.

June 20, 2025

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2024, the company reported USD 92 million in direct premium, with a market share of 6.7%.

Aflac health data, Social Security numbers hacked

June 20, 2025

Insurer Aflac said Friday customer health data and Social Security numbers were hacked, but that it stopped the cyber intrusion within hours and the attack did not include ransomware. Aflac is a U.S.- based company best known for its supplemental policies that help cover expenses that major medical insurance doesn't. Aflac said the impacted files include "…

AM Best Affirms Credit Ratings of Veterinary Professional Insurance Society Incorporated

June 20, 2025

AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Veterinary Professional Insurance Society Incorporated. The outlook of these Credit Ratings is stable. The ratings reflect VPIS’ balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business…

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