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AM Best Affirms Credit Ratings of Teachers Insurance and Annuity Association of America and Its Subsidiary

July 23, 2025

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of Teachers Insurance and Annuity Association of America and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company. TIAA and TIAA-CREF Life collectively are referred to as the TIAA Group. TIAA, together with its companion organization,…

First American Financial Reports Second Quarter 2025 Results

July 23, 2025

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2025. Earnings per diluted share of $1.41, or $1.53 per share on an adjusted basis Net investment…

Selective Reports Second Quarter 2025 Results

July 23, 2025

Selective Insurance Group, Inc. reported financial results for the second quarter ended June 30, 2025, with net income per diluted common share of $1.36 and non-GAAP operating income 1 per diluted common share of $1.31. Catastrophe losses were 6.7 points, and net unfavorable prior year casualty reserve development was 3.8 points, driven by $45 million of…

U-Haul Holding Company Schedules First Quarter Fiscal 2026 Financial Results Release and Investor Webcast

July 23, 2025

U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its first quarter fiscal 2026 financial results after the close of market trading on Wednesday, August 6, 2025. U-Haul Holding Company is the parent company of U-Haul International,…

AM Best Revises Issuer Credit Ratings Outlook to Stable for Members of CSAA Insurance Group

July 23, 2025

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A and the Long-Term ICRs of“ a+” of CSAA Insurance Exchange and its pooled subsidiaries and reinsured affiliates. In addition, AM Best has revised the outlook to stable from negative and affirmed the Long-Term Issue…

Unite Us and Nomi Health Partner to Accelerate and Streamline Payments for Community-Based Organizations Serving Medicaid Managed Care Organizations

July 23, 2025

Unite Us, the nation’ s trusted technology partner integrating health and community-based care, and Nomi Health, a leading national healthcare financial services platform, today announced a strategic partnership to deliver an innovative joint solution designed to dramatically streamline administration and accelerate payments to community-based…

Legal Industry Embraces AI, Boosts Protections, and Navigates Evolving Risks, Embroker Survey Finds

July 23, 2025

Embroker, the digital insurance company radically simplifying the insurance buying experience for businesses, today released its Legal Industry 2025 Risk Index, revealing significant shifts in business priorities within the legal profession year-over-year. Findings demonstrate rising confidence among law firms, with more deliberate risk…

WATCH: Trump says he's considering 'no tax on home sales' proposal

July 23, 2025

The president's comments on Tuesday came during an Oval Office meeting with President of the Republic of the Philippines Ferdinand R. Marcos Jr. A reporter asked Trump about the proposal to help the U.S. housing market. Trump has pushed Federal Reserve Chairman Jerome Powell to lower interest rates.

Pritzker seeks more authority to regulate insurance business Insurance:

July 23, 2025

JB Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after the Bloomington- based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was raising premiums for residential property casualty insurance in Illinois by an average 27.2%.

Luzerne County Council approves $42K settlement of lawsuit alleging discrimination, harassment

July 23, 2025

WILKES-BARRE— Luzerne County Council voted 7-4 to approve a $42,500 settlement of a federal lawsuit alleging sex discrimination, disability discrimination, harassment and retaliation. A portion of the $42,000 settlement will be covered by insurance, Solicitor Harry Skene said. The seven votes to approve the settlement came from: Council Chairman John…

Luigi Mangione lawyers: DA office improperly obtained medical records

July 23, 2025

Luigi Mangione's attorneys allege Manhattan prosecutors wrongly obtained the medical records from the insurance carrier of the suspect in the shooting death of the UnitedHealthcare CEO in December. In a court filing Thursday in the New York case, the defense said prosecutors violated HIPAA, which is the federal law that protects medical privacy, when Aetna…

How Medicare, employer health plans intersect

July 23, 2025

Toni: I have just enrolled in Medicare A and B because I turned 65 in June. I am still working, and my husband, James, and I are on my employer health insurance plan. I recently received a letter from Social Security saying that I am being charged a much higher premium for Part B because of my 2023 tax return showing higher earnings.

Lawsuit accuses First Fed of $100M fraud

July 23, 2025

Business loans First Fed Bank made to an Everett-based company that was selling water vending machine franchises starting in 2020 were the start of a relationship that could end up in King County Superior Court next year. In a June 13 U.S. Securities and Exchange Corporation filing, First Fed strongly disputed the accusations and said it would "vigorously…

Illinois Homeowners Face Near-Record Insurance Rate Hike | Insurify

July 23, 2025

Home insurance in Illinois is about to get much more expensive for about 1.5 million State Farm customers. State Farm filed the rate increase with the state's Department of Insurance in June, citing extreme losses related to severe weather events in the state. In its filing, State Farm stated that Illinois suffers more hail damage than any other state besides…

How the GOP budget bill will affect the cost of California health insurance

July 23, 2025

Heather Altman quit her corporate job and opened an environmental consulting business in 2014 when the Affordable Care Act made it possible for her to afford independent health insurance. Altman is one of nearly 2 million people in California who rely on the Affordable Care Act marketplace, commonly known as Obamacare or Covered California.

Everyday Economics: Fed policy crossroads – patience vs. preparation

July 23, 2025

—This week brings another opportunity for Fed Chair Jerome Powell to defend the central bank's cautious stance as he addresses markets that increasingly question whether patience remains the right strategy. Yet cracks are emerging within the Federal Open Market Committee. Governor Christopher Waller has articulated a compelling alternative view that…

LEGISLATIVE UPDATE: HB 421: Addressing Kentucky’s colon cancer problem

July 23, 2025

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…

Who’s eligible for Social Security disability benefits?

July 23, 2025

Dear Savvy Senior, What do I need to do to get disability benefits from Social Security? Dear Need, Getting Social Security Disability Insurance benefits when you’ re unable to work can indeed be challenging. The first thing you need to find out is if your health condition qualifies you for Social Security disability benefits.

Dr. Richard Feldman: A dark time for American health care

July 23, 2025

Primarily due to the Affordable Care Act, the United States has made great progress in expanding health insurance coverage. The progress made in insurance coverage is now threatened by the Trump administration and Congress. The passage of the Budget Reconciliation Act brings significant changes to the ACA and Medicaid, which, according to the Congressional…

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