The latest Consumer Price Index report showed inflation slowing in October, due in part to a supposed 34 percent drop in the cost of health insurance from the same time last year. That left many people scratching their heads, since you'd be hard pressed to find anyone whose premiums dropped at all, let alone by that much. Is someone cooking the books at the Bureau of…
Newswires
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” of Indemnity National Insurance Company. The Credit Ratings reflect INIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and…
Agency: " Office of the Comptroller of the Currency, Department of the Treasury; Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation." SUMMARY: On September 19, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency published in…
According to insights from MetLife’ s U.S. Employee Benefit Trends Study 2023, financial health of small business employees has decreased 10% year over year– 1.5 times the rate experienced by employees at larger organizations– all while the costs of running a small business increase and competition becomes fiercer. “This new era of ongoing financial…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of the members of Government Employees Group. AM Best also has affirmed the Long-Term ICR of“ aaa” of the immediate parent holding company, GEICO Corporation. The outlook of these Credit Ratings is stable.
A newly filed lawsuit claims an insurance company engineered a record-setting medical malpractice judgment in Iowa to spur state legislators into passing tort-reform legislation. The award, believed to be the largest medical malpractice judgment in Iowa history, was later reduced to $75.6 million. "Once a jury decided the case was worth $97 million,…
Medicaid expansion, a decade-in-the-making measure that is expected to provide health insurance to more than 600,000 low-income North Carolinians, will take effect in less than two weeks. The N.C. Department of Health and Human Services hopes to make the situation more tenable by raising the minimum reimbursement rates for behavioral health care for the…
The first of two auto insurance rate increases for North Carolina consumers begins Thursday, as a settlement that Insurance Commissioner Mike Causey reached with the industry this summer starts to take effect. The N.C. Rate Bureau, which represents auto insurers in the state, filed a request in February for an average rate increase of 28.4% effective this fall.
Nov. 29— With the end of Medicare's annual enrollment period rapidly approaching and the ACA reenrollment period going strong, our office is a whirlwind of activity. As each client leaves, I can't help wondering why the wealthiest nation in the world continues to treat those of us on health insurance as a commodity to be traded like cows, pigs or soybean futures.
Agency: " Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; and Consumer Financial Protection Bureau." The OCC, the Board, the Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency jointly issued final rules implementing these…
Agency: " Office of the Comptroller of the Currency, Department of the Treasury; Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation." SUMMARY: On September 19, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency published in…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Blue Cross Insurance Limited. The outlook of these Credit Ratings is stable. It also incorporates the rating enhancement that Blue Cross receives from its ultimate parent, AIA Group Limited.
To cover all expenses and protect oneself and one's ride in case of a fender bender, it is necessary to have top-notch car insurance in Omaha and Papillion, Nevada. If a car gets messed up, Campbell Insurance Agency Inc. can provide full coverage to cover the bill for all the necessary repairs. Whether for driving a car, motorcycle, or truck, Campbell Insurance Agency…
Washington, GA—- 11/29/2023– Renters insurance is an absolute must for individuals who value their rented home. Renters insurance in Greensboro and Monroe, Georgia provides coverage for belongings in the event of disasters like fire, flood, or theft. Griggs-Ficklen Insurance is a reliable company that takes a lot of pride in offering top-notch renters…
Brooklyn, NY—- 11/29/2023– The demand for home insurance has remarkably increased in Jersey City and Brooklyn, New York. Homeowners in these areas are becoming aware of the importance of protecting their assets due to the high value of their homes and the various risks they face. Apart from protecting one's property, home insurance in Jersey City and Brooklyn, New…
The' Slovenia Insurance Industry- Governance, Risk and Compliance' report is the result of extensive research into the insurance regulatory framework in Slovenia. The Insurance Supervision Agency regulates the Slovenian insurance industry. Composite insurance is not permitted in Slovenia. The report covers details of the insurance regulatory framework…
Those challenges fold into the larger trends in Yakima's apartment market: high demand, particularly for affordable housing, and not enough supply. Rents have remained relatively steady through the first nine months of 2023 in Yakima County, according to the latest quarterly report from University of Washington's Center for Real Estate Research, hovering…
Both companies are domiciled in Brazil. Junto Re is classified as a local reinsurer in Brazil and mainly operates as a captive reinsurer for Junto Seg, an organization that has been writing surety directly for more than two decades. Junto Seg is the market-facing company of the group and the leading surety writer in Brazil.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Lonpac Insurance Bhd. The outlook of these Credit Ratings is stable. The company observed an uptick in claims activity in 2022 and the first 10 months of 2023 mainly due to easing of COVID-19-related movement restrictions in Malaysia.
