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AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of CICA Life Insurance Company of America. The outlook of the FSR is stable. Liquidity is enhanced by a $10 million of Federal Home Loan Bank lending capacity and $20 million in a bank line of…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…

AM Best Managing Director Greg Williams appears as the featured guest in the current episode of Canadian Underwriter’ s“ What’ s on Dec? AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To learn more about AM Best’ s Canada Insurance Market Briefing- Toronto,…

Gold has been heralded as a safe haven asset for millennia, revered for its intrinsic value and enduring appeal. The precious metal’s allure lies not only in its beauty but in its historical role as a store of wealth during periods of economic uncertainty, inflation, and geopolitical turmoil.  With the current discussions rotating on how much higher […]

Whatcom County residents who buy their own Affordable Care Act health insurance will see costs rise by 66% with the expiration of a tax credit, according to a report from U.S. Senator Maria Cantwell. The rise comes from the expiration of the Enhanced Premium Tax Credit, which about 5% of Whatcom County residents— or 9,930 people— rely on to lower health insurance…

Advisor360°™, a leading provider of integrated technology for wealth management firms, is pleased to announce that U.S. life insurance provider and registered broker-dealer Allstate Financial Services, LLC has selected Advisor360° as the provider of its new, AI-driven wealth management technology platform. With Advisor360°, personal financial…

Premiums for job-based health insurance rose 6% in 2025 to an average of $26,993 a year for family coverage, according to an annual survey of employers released Oct. 22 by KFF, a health information nonprofit that includes KFF Health News. The average annual premium for an individual health plan provided by employers increased by 5% to $9,325– nearly $3,000…

People in Washington who buy health insurance from the Affordable Care Act exchange are bracing for significant hikes to their premiums in 2026.. In 2026, the same plan will cost over $2,100 per month— a $12,000 increase over the entire year. Insurance companies began forecasting higher premiums earlier this year, projecting that rates would increase an…

While some Kentucky Republicans in Congress accuse Democrats of shutting down the government to get "free health care for illegal aliens," advocates are warning that thousands of U.S. citizens in Kentucky will no longer be able to afford health insurance next year. Democrats in D.C. are pushing Republicans to take action now to ease premium spikes that stem in…

The West Virginia Board of Risk and Insurance Management insures the state police and some local law enforcement agencies. BRIM has a cap of $1 million for settlements, but a policy enacted over the summer has brought that down to $500,000 in excessive force cases involving police departments insured by the state's insurance board. The decision was not made…

MARATHON— County commissioners voted unanimously last week to eliminate floodplain construction requirements adopted two decades ago after FEMA threatened to withhold federally-subsidized flood insurance due to the county's failure to prevent illegal living space in unincorporated Monroe. Monroe County Administrator Christine Hurley and staff…

About this time of year, Foundation Communities would be getting its latest group of specially trained staff members ready to help more than 6,800 Central Texans sign up for Affordable Care Act insurance coverage. "Navigators… often helped Texans find other help they may not have considered or thought they were ineligible for, like Child Insurance Health…

Enrollment in the federal health insurance marketplace begins next month, and advocates warn uncertainty and confusion around policy changes could affect millions of Texans who depend on it for coverage. "At this point, we're so close to open enrollment that if Congress does extend tax credits at this moment, which they absolutely should, then there will be a…

GREENEVILLE, Tenn.— Ballad Health has filed a federal lawsuit against UnitedHealth Group, one of the nation's largest health insurers. "Taking legal action was our last resort," said Alan Levine, chairman and CEO of Ballad Health. "Ballad Health has worked in good faith for years to ensure patients receive the care they need and that providers are treated fairly,"…

The following information was released by the Federal Reserve Board:. Early on, while at the Treasury Department, I worked with colleagues to help stand up the CDFI Fund, strengthen the Community Reinvestment Act, and launch the New Markets Tax Credit. When I returned to Treasury years later, I got a chance once again to work with the talented staff of the CDFI Fund,…

The following information was released by the Federal Reserve Board:. Good afternoon and thank you to the Federal Reserve Banks of St. Louis, Boston, Richmond, and Philadelphia for hosting today's discussions.1 You have organized a dynamic conversation on topics that have a significant bearing on the financial well-being of consumers and communities.