AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Shinkong Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Shinkong Insurance’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile…
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A Nigerian national based in the United States, Opeyemi Olujobi, and his wife, Jennie Davidson, are facing a potential combined sentence of up to 50 years in prison after being arrested over an alleged large-scale credit card fraud operation in New York. According to a statement on Wednesday from the United States Attorney for the Southern District of New York,…
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Ocean Marine Indemnity Company. OMI is a Louisiana- domiciled ocean marine insurer that writes hull& machinery and protection& indemnity coverage for commercial maritime operators, primarily in Louisiana and the Gulf Coast. The company derives substantially…
A "M* A* S* H" TV series episode featured two surgeons, "Hawkeye" and B.J. Hunnicut, refusing to bathe as part of a protest. Beleaguered Federal Reserve Chairman Jerome Powell, whose term ends May 15, has been an exceptionally good sport. President Reagan wanted to keep then-Fed Chairman Paul Volcker from raising interest rates, and President H.W. Bush blamed Alan…
Heightened killings by terrorists across Nigeria has made it imperative for the federal government to have a re-think on insurers' request for collaboration to provide terrorism insurance cover for Nigerians writes Ebere Nwoji. But Nigeria and some other countries were less concerned about what to do to prevent that from happening or to cover the damages…
PGIM, the global asset management business of Prudential Financial, Inc., has appointed Brian Towers as head of Insurance and Strategic Partnerships. Towers will report to Keshav Rajagopalan, head of Strategic Capital Group, and lead PGIM’ s global effort to deepen and expand its insurance business. PGIM’ s Strategic Capital Group operates at the intersection…
Bar and restaurant owners would not have to carry a $1 million liquor liability insurance policy for one year under a proposal approved by the state Senate on Wednesday. The Senate during its annual budge debate voted to suspend the liquor liability law that passed last year in an effort to help bars stay open. The compromise between the House and Senate last…
Ensight, a leading digital sales acceleration platform for life, long-term care, and annuity insurance, today announced that CareScout Care Assurance, the inaugural long-term care insurance solution from CareScout Insurance Company, is now available on its Intelligent Quote Platform. SAN DIEGO, April 23, 2026/ PRNewswire-PRWeb/– Ensight, a leading digital…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Wednesday announced the execution of the enforcement action listed below:. Former employee of First Financial Bank, Abilene, Texas.
Insurance Commissioner Mike Causey today announced that the N.C. Department of Insurance has settled a dwelling rate case with North Carolina insurance companies. The N.C. Rate Bureau, which is not a part of the N.C. Department of Insurance and represents property and casualty insurance companies writing premiums in North Carolina, had requested a statewide…
U.S. Representative Salud Carbajal, along with U.S. Representatives Gabe Evans, Troy A. Carter, Sr., and Mike Ezell, introduced the bipartisan Commission on Natural Disaster Risk Management and Insurance Act, a bill to create a nonpartisan commission to study natural disaster insurance affordability and report policy recommendations to Congress within two…
Today, U.S. Representatives Angie Craig and Pat Ryan introduced their new bill to hold health insurance companies accountable for above-average denial rates and refund patients for medical payments that should have been covered by insurance. The Patient Refunds for Bad Denials Actwould create financial penalties for health insurers that deny more than…
The Tennessee Department of Commerce& Insurance announced new guidelines for insurance carriers when using aerial imagery, including drone photography, when inspecting consumers' properties. "Our team is aware of incidents in other states where homeowners' insurance policies were not renewed or cancelled as a result of the use of aerial photography," said…
Insurance Commissioner Ricardo Lara announced today that the California Department of Insurance has submitted its Intervenor and Administrative Hearing Bureau Fairness and Accountability rulemaking package to the Office of Administrative Law for final review— marking the most significant modernization of the intervenor system since Proposition…
When congressional Republicans allowed pandemic-era enhanced health insurance subsidies to expire at the end of last year, Georgia Democrats and at least one notable Republican warned that a spike in premiums for Affordable Care Act plans would cause many Georgians to lose their coverage. Georgia Democrats blasted their colleagues across the aisle anew…
Final roundup of new health bills from last days '26 General Assembly, including veto overrides
Andy Beshear vetoed several health-related bills during the veto recess, but the Kentucky General Assembly overrode them during the last two days of the 2026 legislative session. Ken Fleming, R- Louisville, would align Kentucky's Medicaid program with the One Big Beautiful Act that Congress passed last year. Line items were vetoed by Beshear on April 13.
2026 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ ADVANTEDGE ANALYTICS” by CHRISTOPHER J. HUSSIN BOARDMAN& CLARK LLP, representing CMFG Life Insurance Company. This application was made available to the public…
However, the effect of health insurance on survival for cancer patients in China is not well known.”. Our news editors obtained a quote from the research from Chinese Academy of Medical Sciences:“ We aimed to assess the association between health insurance and survival for five common cancers in China using a national cancer database. We included 23 hospitals in…
An elementary school teacher chose a lowprice health insurance plan but soon realized she wasn’ t clear about what it would mean for her family’ s finances. When enhanced federal subsidies expired at the end of 2025, a lot of people buying their own health insurance on the state and federal exchanges saw their expected monthly rates jump. Madison Burgess, a…
