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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a+” of Securian Casualty Company.

AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Mongolian National Reinsurance JSC. The outlook of these Credit Ratings is stable. Offsetting factors include its limited capital size, which was MNT 48.95 billion as of year-end 2024, under IFRS 17 accounting standard, as well as the inherent systemic risk…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CTPI’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of African Reinsurance Corporation. An offsetting rating factor is ARC’ s exposure to the elevated levels of economic, political and financial system risk that are associated with its main operating markets in Africa. AM Best notes that the company’ s ROE should be…

—U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’ s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’ s 218,000, the Labor Department…

Yet if the cost of milk had been allowed to increase at the same rate as health care in the United States, that's exactly what the price tag would be. That's how significant the cost increases in health care in the U.S. have been— with no end in sight unless we all work together now to make meaningful change. At that time, health care was about 12 or 13% of GDP, which means…

Most of the more than 1,300 enrollees surveyed in early November say they anticipate that their health costs will be impacted next year if Congress doesn’ t extend expiring COVID-era tax credits that help more than 90% of enrollees pay for health insurance premiums, per KFF. The enhanced premium tax credits set to expire at the end of this year have been at the…

Individuals with United Healthcare insurance are at risk of losing coverage at SSM Health providers. SSM Health released a statement on Nov. 24 stating that SSM Health was attempting to come to an agreement with United Healthcare. "United Healthcare reported billions in profits last year, while SSM Health, as a nonprofit Catholic health system, continues to…

The following information was released by the U.S. Government Accountability Office:. This report discusses the preliminary results of our work on fraud risk management in the advance premium tax credita subsidy that the government pays to insurance companies to make premiums more affordable for eligible Americans under the Affordable Care Act.

The following information was released by the National Association of Insurance Commissioners:. The life insurance market has undergone substantial changes in recent years, driven by prolonged low interest rates, evolving consumer preferences, more complex investment practices, and increaseduse ofreinsurance. These shifts have introduced new…

The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners and theNational Insurance Crime Bureau share how you can keep your identity safe and the role insurance plays in your protection and recovery. In 2024, the Federal Trade Commission received nearly 10% more…

On the Senate floor, Durbin continues to push his Republican colleagues to come to the table and negotiate with Democrats on a solution to address the looming health care crisis. WASHINGTON As open enrollment for 2026 individual market health insurance plans has begun and Americans across the country are facing astronomic increases in their monthly…

At a HELP Committee Hearing, Senator Collins pressed witnesses on short- and long-term reforms needed to make health coverage more affordable for American families. Senator Collins underscored that current enhanced premium tax credits, which were enacted during the Biden Administration and were intended to be temporary, come with significant unintended…

HARTFORD– Tens of thousands of Connecticut consumers are signing up for health insurance in 2026 through Access Health CT amid uncertainty over the future of Affordable Care Act subsidies that helped nine out of 10 enrollees in the state-run marketplace pay for coverage last year. Enhanced ACA tax credits that provided a reported $350 million to $400…

Democrats are gloating that reducing the subsidies will mean higher costs for enrollees and an increase in the number of people who go without insurance. Chris Murphy predicts that Republicans "are going to get their clocks cleaned." Democrats cynically insist on continuing to spend huge sums of taxpayers' money— some $450 billion over the next 10 years— to prop…

—Asian shares were mixed on Thursday after U.S. stocks rose to near their records. Japan's Nikkei 225 index climbed 2.3% to 51,028.42, nearing its all-time high, on expectations that the U.S. Federal Reserve will cut its main interest rate next week, even while traders speculate over whether the Bank of Japan will raise interest rates this month.