Newswires

Reinsurance RSS Get our newsletter

AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the National Scale Rating of aaa.IN of General Insurance Corporation of India. The outlook of these Credit Ratings is stable. In addition, the ratings factor in a neutral impact from the company’ s ownership by the government of India.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Pozavarovalnica Sava d.d., the operating holding company of the Sava Insurance Group. For the first half of 2025, Sava Re reported a strong net profit of EUR 57.7 million and a combined ratio of 86.0%. The Sava Insurance Group benefits from a strong position in its…

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Philippines National Scale Rating of aa+. PH of National Reinsurance Corporation of the Philippines. AM Best views the company’ s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the…

Few are aware that the state’ s insurance provider of last resort was created as a Band-Aid response to a very different Los Angeles conflagration: the Watts uprising of 1965. By continuing to lean on insurance-based solutions to deep-seated societal problems, California has put itself on a path toward repeating the mistakes of the past. As Watts burned,…

Oct. 9– Some seniors in the area will lose access to Medicare Advantage plans in 2026 after insurance providers including Regence Blueshield and BlueCross of Idaho pulled their plans. That's a big deal in the Lewiston-Clarkston Valley, where almost 30% of adults older than 20 are seniors. "This inflationary period hit, they also got stuck with a situation by law,…

WASHINGTON, D.C.– Congressman Don Davis is calling to restore authority for the National Flood Insurance Program as part of any deal to reopen the U.S. government. Congress must act urgently to restore the National Flood Insurance Program, a lifeline for eastern North Carolina, "said Congressman Davis. In North Carolina's First District alone, more than 11,000…

For the sixth straight year, Alliant Insurance Services has been awarded as Best Insurance Provider in the HFM US Services Awards, presented by With Intelligence. Alliant Financial Institutions was named Broker Team of the Year by Business Insurance in 2024.. Alliant Insurance Services marks a century of success as the nation’ s leading specialty broker.

The state House Insurance Committee passed a measure Tuesday to protect vaccine access, regardless of the actions of the U.S. Department of Health and Human Services, which has recently hired a number of vaccine skeptics to lead its immunization recommendation panel. Arvind Venkat, would require insurance companies in Pennsylvania to cover the full cost of…

MOHAVE COUNTY, Ariz.— A former medical clinic employee will serve 3.5 years in prison followed by seven years of supervised probation for defrauding insurance companies and impersonating a doctor, Arizona Attorney General Kris Mayes announced today. Jose Andres Lopez pleaded guilty to fraudulent schemes and money laundering charges after creating false…

NOGALES— Healthcare providers are expecting a decrease in insurance coverage over the next few years. In response, the Mariposa Community Health Center is planning education efforts to ensure local residents continue to have affordable access to medical care. CEO Amy Taylor, alongside Chief Medical Officer Eladio Pereira, briefed the County Board of…

WASHINGTON— The global economy is holding up better than expected despite major shocks such as President Donald Trump's tariffs, but the head of the International Monetary Fund says that resilience may not last. "Buckle up," Managing Director Kristalina Georgieva said in a speech at a think tank Wednesday. Her comments at the Milken Institute come on a day when…

President Donald Trump and his Republican legislative allies are lying that the U.S. government shutdown, now in its third day, was caused by congressional Democrats wanting to give federally subsidized health care to undocumented immigrants, something that longstanding law expressly prohibits. What the Dems are really trying to do is protect already…

PHOENIX– Brittany Panico has seen insurers increasingly deny critical drugs and delay approvals for her patients, most of them living with complex autoimmune diseases. At a town hall about medical claim denials organized in September by Arizona Attorney General Kris Mayes, Panico, a Gilbert rheumatologist, shared the story of a patient with uncontrollable…

Don Davis visited Goldsboro Tuesday to call for an end to the U.S. government shutdown and to help eastern North Carolinian families get the flood insurance and health care benefits they need. One of those concerns was Social Security payments, how the shutdown will affect them, and whether they will continue. According to the Social Security Administration, in…