AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Ratings to“ b+” from“ bb-” of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in McMinnville, OR and collectively referred to as Oregon Mutual Group. Concurrently, AM Best has withdrawn these Credit Ratings as Oregon Mutual…
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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…
NASHVILLE, Tenn.— Tennessee families who buy health insurance through the Affordable Care Act could see their premiums soar next year if Congress allows enhanced subsidies to expire. In Tennessee, premiums could rise by as much as 26%. "States like Tennessee, South Carolina, Georgia, Texas, Florida have seen their marketplace populations explode over the last…
DURHAM, N.C.— The health insurance provider giant announced voluntary separation packages to employees Tuesday amid financial challenges on both a company and consumer level. "For months now, we've talked candidly about the financial challenges we're navigating, and that reality has not changed," said CEO Tunde Sotunde. CBS 17 previously reported back in…
In Florida, which accounts for nearly 20% of total nationwide policies for the National Flood Insurance Program, this means that some new home sales are on hold and some homeowners could be left with no coverage if their property floods while the government isn’ t functioning. It’ s really scary for homeowners who live in high-risk flood zones relying on an NFIP…
During the shutdown, my D.C. and Minnesota offices will remain open and we are committed to serving the people of Minnesota's Third District. If you are a resident of Minnesota's Third District who has been impacted by this shutdown, or will be impacted by health care cuts or health insurance premium increases, I would like to hear from you. Will I continue to…
Today, October 1, 2025, U.S. Congressman Josh Gottheimer released the following statement:. "For weeks, far-right extremists in Congress have refused to work in a bipartisan way to responsibly fund the government and protect families from surging health care costs. If Congress fails to act, 22 million Americans will see higher health insurance premiums,…
Yet once again, the federal government, which writes the vast majority of flood policies in the U.S., isn't keeping up its end of the bargain. The government shutdown that began Wednesday also marked the expiration of the National Flood Insurance Program's authorization. Congress routinely lets the flood insurance program lapse, or comes close.
Following significant double-digit, year-over-year declines in 2022 and 2023, U.S. title insurance premium bounced back with a 7.2% increase in 2024 on the back of Federal Reserve rate cuts. The composite still generated an underwriting gain during this time, but after producing an underwriting profit of more than $1 billion for five consecutive years from…
As health insurance carriers change private plans for Medicare, Idaho officials are encouraging people to review their policies during open enrollment next month. “Consumers should use this annual Open Enrollment Period to compare plans, confirm that their doctors and prescriptions are covered, and seek free, objective help…” Idaho Department of Insurance…
As health insurance carriers change private plans for Medicare, Idaho officials are encouraging people to review their policies during open enrollment next month. “Consumers should use this annual Open Enrollment Period to compare plans, confirm that their doctors and prescriptions are covered, and seek free, objective help…” Idaho Department of Insurance…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Golden Bear Insurance Company. The Credit Ratings reflect GBIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable. The group’ s total reported capital declined by 10% year-over-year to JPY 3.5 trillion as of 31…
Plans are in the works to develop a long-term strategy to sustain the regional walk-in center at 1100 S. Cameron St., Harrisburg, that provides crisis intervention services to residents of Cumberland, Dauphin and Perry counties. A regional walk-in center to provide crisis intervention services to residents of Cumberland, Dauphin and Perry counties could open…
AM Best has placed under review with positive implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the operating subsidiaries of The Fortegra Group, Inc.. The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity…
AM Best has commented that the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of DB Insurance Co., Ltd. remain unchanged following the announcement of its acquisition of The Fortegra Group, Inc on 26 September 2025. DBI has entered into an agreement with Tiptree Inc. and Warburg Pincus LLC to acquire full ownership of Fortegra, a U.S-…
“Since its launch in April 2024, myLeaveGuide SM has simplified the parental leave planning process for more than 20,000 individuals,” said Kristina Welke, Vice President, Strategy, Solutions, and Marketing at New York Life Group Benefit Solutions.“ With myLeaveGuide Pro SM, we’ re going further— building on input from both employers and employees to deliver…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today its role as a Title Sponsor of ITC Vegas 2025, the world’ s largest gathering of insurance innovators. Taking place October 14-16, 2025 at Mandalay Bay, Las Vegas, Majesco will bring its bold new theme, Dare to Imagine, to the forefront, challenging the…
–The U.S. Supreme Court agreed Wednesday to take up a case challenging President Donald Trump's attempt to fire a Federal Reserve governor. That came after Federal Housing Finance Agency Director William Pulte alleged Cook committed mortgage fraud. The high court decision means Cook remains in her position on the Federal Reserve's Board of Governors.
