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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the core Blue Cross Blue Shield- branded insurance subsidiaries of Elevance Health, Inc., as well as its life insurance subsidiaries. These companies collectively are referred to as Anthem Health. The ratings of Anthem Health reflect the group’ s balance sheet…

AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to“ bbb-” from“ bb+” of Provident Insurance Corporation Limited. The outlook of these Credit Rating has been revised to stable from positive. The ratings reflect PICL’ s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating…

Dec. 11— I found it shocking over the last several days that even a lot of educated, civilized people celebrated the broad daylight assassination of health plan executive Brian Thompson. Many people even turned it into a joke right up until police arrested a suspect in Altoona, Penn. on Monday. The reality of Thompson's job and of the role of the industry, which is very…

U.S. consumer prices rose in line with analysts' expectations, according to the Bureau of Labor Statistics monthly report released Wednesday. The inflation report was consistent with Dow Jones economists' expectations. Despite the uptick in inflation, financial markets overwhelmingly expect to see the Federal Reserve lower interest rates by another…

The Fed has made clear it has a target of 2%. The data will be closely watched due mostly for its importance is predicting the rate cut path which will be pursued by the Federal Reserve. The Bank of Canada will be holding a policy meeting today and is widely expected to cut its interest rate by 0.50%.

The offices of major Minnesota- based health insurance companies Medica and UCare remain closed to the public Tuesday after the shooting death of Brian Thompson of Maple Grove, the CEO of UnitedHealthcare, in New York City last week. The alleged suspect, Luigi Mangione, is in a Pennsylvania jail facing several charges. Christopher Snowbeck covers the Minnesota…

—U.S. stock indexes are rising Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Treasury yields edged higher in the bond market as expectations built that Wednesday’ s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week.

The man accused of gunning down UnitedHealth CEO Brian Thompson in New York City last week was jailed at a Pennsylvania prison Tuesday after he was arrested by police in Altoona. Luigi Mangione, 26, who has links to Philadelphia and had lived recently in Honolulu, was arrested while at a McDonald's in Altoona on Monday, authorities said. Mangione came before a…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Qianhai Reinsurance Co., Ltd.. The outlook of these Credit Ratings is stable. Capital and surplus grew by 4.3% to RMB 3.5 billion in 2023, and further increased by 6.2% in the first three quarters of 2024, underpinned by the company’ s full retention of net profit.

The insurance technology sector received less investment for two consecutive years, 2022 and 2023, according to the Insurtech Global Outlook 2024, prepared by the consulting firm NTT DATA. "All of them are coexisting at the same time in the Mexican market, making investments and managing to continue growing, this is something very particular to the Mexican…

So, a person of interest has been taken into custody for the slaying of United Health CEO Brian Thompson. Much speculation has been cast as the hunt was on for the gunman. Was this a pointed attack targeting the health care industry?

New York Life has announced the appointment of Xin Wang, Ph.D., CFP ®, AEP ® as the company’ s 2024 Council President, a once-in-a-career honor afforded to the top-ranking individual among the company’ s more than 12,000 advisors and agents. He also amassed a New York Life- record three-year production total from 2022-24.. Wang shared that during his time with New…

Berkley One, an insurance provider for modern, sophisticated individuals and families, today announces that its collector vehicle division, Berkley One Classics, is celebrating 50 years in business. Today, insurance for collector vehicles is provided by Berkley One Classics in Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa,…