Chubb Perú initiated operations in 1998 as Altas Cumbres; in 2007, it was acquired by ACE Group and named ACE Seguros S.A., until 2016, when ACE Limited acquired The Chubb Corporation and rebranded the company name. As of December 2025, 47% of the company’ s gross written premiums were composed of property/casualty products, with accident and health comprising…
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Active Capital Reinsurance, Ltd.. Active Re is a Barbados- based reinsurer established in 2007. The company continues to further diversify its geographic footprint in Asia, America, Europe, Africa and the rest in Oceania, and focuses its underwriting efforts on…
The leader of the coalition is the Chinese-American Planning Council, an NGO that has allegedly taken money from banks linked to the Chinese Communist Party. The Community Homecare Consortium is a coalition of Medicaid homecare nonprofits operating in New York City that work to expand their bloated and fraud-plagued industry. The manager of this…
And thank you to the Federal Reserve Bank of Richmond and your partners across the Federal Reserve System for organizing this timely and important conference this year and for the past several years.1 It is a delight and a privilege to be back in North Carolina where I spent the summers and holidays of my childhood. This was significantly before we had AI, Google…
The Insurance Research Council today released a new report, Public Opinions on Attorney Involvement in Auto Insurance Claims: 2026, finding that attorney involvement in auto injury claims is common and often begins within days of an accident. The report is based on a national online survey of more than 2,000 U.S. adults conducted in July 2026 and updates and…
POTSDAM– The village board is getting into a new retiree insurance policy that would keep the current level of coverage but save the village about $50,000 per year. "We've been reviewing our options, and have identified a plan that we believe will be more cost effective to the village," Village Administrator Isabelle Gates-Shult said during the Sept. 8 village…
Beginning in October, President Donald Trump’ s House Resolution 1, the so-called One Big Beautiful Bill that Congress passed last year, will push hundreds of thousands of people nationwide with certain immigration statuses off Medicaid, or Apple Health in Washington. The agency administers Apple Health and has been running an“ all hands on deck” operation,…
As Texas Republicans vow on the campaign trail to once again wage war on the state's high property taxes, among the highest in the nation, a clear victor has already emerged: older homeowners. In the wake of additional cuts the Legislature passed last year, some 60% of Texas homeowners age 65 and up no longer pay school property taxes, the largest portion of property…
ATLANTA— With gasoline prices topping $4 a gallon less than two weeks ahead of early voting, Democrat Keisha Lance Bottoms pledged to cut driving-related taxes. Standing outside a BP gas station near Georgia Tech on Wednesday, Bottoms said that if voters choose her as the state's next governor over Republican Rick Jackson, she will seek to eliminate the state's…
Motor vehicle lawsuits have risen sharply over the past decade, adding to costs that can affect what consumers pay for auto insurance, according to a new analysis from the Insurance Information Institute and the Casualty Actuarial Society. The analysis estimates the increase in motor vehicle tort litigation at $43.84 billion from 2015 to 2024, accounting…
RICHMOND— Christina Rivera kept her health insurance this year because she needed major back surgery. But maintaining coverage meant absorbing a monthly premium that rose from $235 in 2025 to $1,336 in 2026— with a higher deductible. "That's just not reasonable for anybody who is relying on the ACA for healthcare," said Riviera, a Charlottesville- area resident…
New York Life Investment Management LLC today announced the launch of the NYLIM MacKay Muni High Income ETF, an actively managed ETF managed by the MacKay Municipal Managers team. MMHI draws on MacKay’ s dedicated municipal investment platform, which oversees nearly $87 billion in municipal assets and is supported by 30 investment professionals with an…
BOISE, Idaho— Joshua and Ashley Durham run a family medicine practice, and for the first time in their lives, they have no health insurance. "It's nerve-racking," said Joshua Durham, 47. "It just takes, you know, one little accident, and then you got a big fat bill." Nationwide, 7% of all healthcare workers were uninsured in 2024, compared with 11% of all adults under 65,…
—Americans spent more than $160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists. “It has been very hard out there for a lot of people, "said Sara Rathner, NerdWallet’ s credit card expert.“ It’ s a tough job market, and it’ s a rough economy, and the cost of the things that we buy every day has been going up, in some…
Despite increased use of AI in the insurance shopping process 1 and direct-to-consumer marketing efforts by carriers, independent insurance agents still write 62% of all property and casualty polices in the United States 2, making them a critical link in the industry ecosystem. According to the JD Power 2026 U.S. “Insurance has always been a…
Inflation didn't rise as much as feared in August, based on the measurement that the Federal Reserve Board prefers, but Virginia economists say a 3.4% increase over a year ago is still "uncomfortably high" as record diesel fuel prices ripple through the economy. "They're probably happy it didn't grow by more, but it's uncomfortably high," said Alice Louise Kassens,…
According to a 2022 study conducted for the Coalition Against Insurance Fraud, this crime costs Americans $308.6 billion annually. That's about $3,800 a year for a family of four. If you're suspicious about anything dealing with insurance, stop and call the Department of Insurance at 855-408-1212. We have consumer experts available to answer your questions…
Members will have continued access to the benefits they value most– including $0 cost-sharing on in-network primary care visits and labs plus dental, vision, and hearing coverage. Medicare Advantage plans in approximately 2,600 counties across 45 states and Washington, D.C., representing more than 80% of U.S. counties. Expanded Chronic Condition Special…
As Western New York struggles to regain its economic momentum from the pandemic, John Williams thinks the region should capitalize on what it has to attract more workers. "Clearly, here in Buffalo, it's actually a major metropolitan area," said Williams, president of the Federal Reserve Bank of New York. Federal Reserve Bank of New York President John Williams said…
