AM Best has assigned a Financial Strength Rating of B++, a Long-Term Issuer Credit Rating of“ bbb+” and the Vietnam National Scale Rating of aaa.VN to Bao Viet Insurance Corporation. The outlook assigned to these Credit Ratings is stable. The ratings also factor in rating enhancement from BVGI’ s parent, Bao Viet Holdings, a major finance and insurance group in Vietnam.
Newswires
Insurance Commissioner Ricardo Lara released a statement following a judge's dismissal of Consumer Watchdog's unfounded claims aimed at undermining the California insurance market at a crucial time when homeowners, renters, businesses, and non-profits need access to more insurance, not less. "The judge's ruling affirms my authority under Prop. 103 to…
In light of the recent responses from the New York State Department of Civil Service regarding the cancellation of health insurance for Corrections Officers, Senator Mark Walczyk is raising serious concerns about the lack of accountability and transparency in Albany, according to a press release. Senator Walczyk expressed concern over the shocking…
President Donald Trump will head to the Federal Reserve on Thursday amid his ongoing calls for Chair Jerome Powell to resign. A U.S. president hasn't visited the nation's central bank since President George W. Bush in 2006. White House Deputy Chief of Staff James Blair, who has also taken to referring to Powell as "Too Late" on social media, has also been critical of…
President Donald Trump visited the Federal Reserve headquarters in Washington on Thursday, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project, and sparred with Powell, who challenged the president’ s latest price tag as incorrect. If Trump were to undermine the Fed’ s independence, it…
After a ten-hour procedural vote, the U.S. House of Representatives approved rules to advance cryptocurrency legislation Wednesday night. The procedural vote passed 217-212, clearing the path for floor consideration of three bills: the CLARITY Act, the GENIUS Act, and legislation prohibiting the Federal Reserve from issuing a central bank digital…
PORT ANGELES— Diane C. Davis has been appointed the board of directors for First Fed Bank and its holding company, First Northwest Bancorp. In March, First Financial Northwest, the holding company for First Financial Northwest Bank, was acquired by Global Federal Credit Union. First Fed, three companies involved in the water vending business— Water Station…
HB 421 requires all health insurance companies in the state of Kentucky to expand access to early colorectal cancer screenings for high-risk individuals and eliminates out-of-pocket costs and prior-authorization for eligible colonoscopy prep materials. The need for this legislation comes as a result of Kentucky having the highest national incidence…
Despite losing $235 billion, Federal Reserve Chairman Jerome Powell somehow still has a job— for now. His mismanagement of the Fed has not only badly hamstrung monetary policy for years but has stuck the taxpayer with a massive bill atop a general cost-of-living crisis. It’ s no wonder calls for his resignation are growing.
MENDOCINO CO., 7/ 23/ 25— The impact of President Donald Trump's "One Big Beautiful Bill," which is expected to strip millions of Americans of their health insurance, could be particularly stark in rural areas like Mendocino County where residents have minimal access to health care. The legislation, which Trump signed into law at the beginning of July, introduces…
The report underscores the lack of transparency and accountability at the Federal Reserve, which remains exempt from a full audit by Congress or the Government Accountability Office. "It's long past time for Congress to stop shirking its duty and hold the Federal Reserve accountable." Throughout my service in Congress, I have worked to audit the Fed, and this…
A whopping 87% of Californians are concerned that climate change could increase their home insurance rates, according to a new study released Wednesday by the Public Policy Institute of California. “Many people say they’ re concerned about wildfires, and many people say they’ re concerned about the risks of climate change,” Mark Baldassare, the PPIC statewide…
—The European Central Bank has left interest rates unchanged as it waits to see the impact of U.S. President Donald Trump’ s tariffs on the economy before deciding whether to cut rates again. The ECB has already cut rates eight times since June of last year. The monetary authority for the 20 countries that use the euro currency has been lowering rates to support…
—After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’ s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project. Trump charged that the renovation would cost $3.1 billion, much higher than the Fed's $2.5 billion figure.
Legislator Elane Daly called it "sobering." As Cayuga County confronts a fiscal crisis, several department heads detailed the budgetary pressures at the Legislature's Ways and Means Committee last week. Daly, who chairs the Ways and Means Committee, shared what Lynn Marinelli, the county's budget director, told legislative leaders.
This has reshaped the U.S. health care system: UnitedHealth now employs or contracts 1 in 10 doctors, controls 20% of the pharmacy benefits market and receives trillions of U.S. tax dollars. According to The Colorado Sun on July 17, " Colorado health insurers propose huge price increases following passage of GOP's federal spending bill," one consequence for people…
2025 JUL 23– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Science is the subject of a report. Our news editors obtained a quote from the research from the Zoological Society of London,“ Chronic renal disease has been identified as a comorbidity at necropsy in zoo-housed adult and geriatric AWDs. Banked frozen sera collected from 35…
INDIANAPOLIS— The Indiana Supreme Court ruled on Tuesday that local units of government across the state can choose to exclude part-time elected officials from receiving health insurance. After hearing arguments in a Perry County case in October, the court reversed the trial court's ruling and vacated a preliminary injunction that had been issued in favor…
Missouri Farm Bureau is celebrating the approval of two key pieces of legislation that mark major victories for rural Missourians, as both Senate Bill 79 and Senate Bill 82 were signed into law by Governor Mike Kehoe on Monday afternoon. Senate Bill 79, carried by Senator Kurtis Gregory and Representative Brad Pollitt, establishes the framework for offering…
