AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.
Newswires
Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had…
The National Oceanic and Atmospheric Administration is forecasting a below-normal season with a total of 8-14 named storms. Now is the time to strengthen your property to reduce potential damage and check your insurance coverage to make sure you are financially prepared if a storm damages your property, according to the American Property Casualty…
AM Best has assigned a Long-Term Issue Credit Rating of“ aa” to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life Insurance Company. The outlook assigned to the Credit Rating is stable. The proceeds from the surplus notes offering will be used for general corporate purposes.
But those waiting on lower interest rates to buy a home will likely have to keep waiting, said Bryan Cutsinger, a professor of economics at Florida Atlantic University’ s College of Business. The strong jobs data, combined with higher-than-ideal inflation, means the Federal Reserve is highly likely to hold interest rates at its next meeting on June 17.
North Carolina Insurance Commissioner Mike Causey today announced the arrests of Gurjant Singh Gill, 42, and Karmpreet Kaur Gill, 41, of 8037 Remington Heights Drive, Raleigh. After receiving a settlement from State Farm for roofing damage on Oct. 10, 2025, the Gills sought to obtain $30,000 from Homesite Insurance by filing a claim for the same roofing damage,…
Under his leadership, the Bureau successfully saved Maine homeowners and automobile owners millions in insurance premiums and kept Maines auto insurance rates among the lowest in the country. As a member of the Governor's Infrastructure Rebuilding and Resilience Commission, Superintendent Carey created new resources to fortify Maine homes against…
When you go to the pharmacy, you might be offered a coupon on your prescription drugs. Even as prescription drug costs rise, patients with commercial insurance slowed their use of manufacturer-sponsored drug coupons in recent years, according to a study the Journal of the American Medical Association published April 6. These are not the same as discount card…
Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa” to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable. The ratings assigned to MSIG Specialty Insurance America, Inc. reflects its strategic importance to the parent as a newly formed excess& surplus entity to support further growth of the business in the United…
The United States added 172,000 nonfarm payrolls in May, more than doubling expectations, the Bureau of Labor Statistics reported Friday. May's job growth was down from April's 179,000 jobs but beat the Dow Jones consensus estimate of 80,000. The unemployment rate remained at 4.3%. There were 7.3 million people who are unemployed in the United States in May,…
U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.
If you take the long view, America’ s economic outlook is pretty bleak. The stock market is banking on it, as is Kevin Warsh, the chair of the Federal Reserve, who is hoping AI-driven growth could justify a cut in interest rates. It’ s a tall order, as net interest outlays are expected to take up 5.4% of U.S.
ScienceSoft will join the Insurance Tech and Innovation Conference 2026 in Chicago, where insurance leaders will discuss practical applications of technology in claims, underwriting, risk management, and compliance. The event will take place on June 10– 11, 2026, at the Hilton Suites Chicago, Magnificent Mile.. Vital Soupel, Senior Insurance IT and AI…
Blue Cross Blue Shield of North Carolina, the state's largest private health insurer reported it lost $497 million last year. The 4.3 million BCBS customers in North Carolina, about one-third of the state's population, know what this means: their health insurance premiums will increase. Tunde Sotunde, CEO of BCBS, addressed the loss and spoke to the current state…
Iowa has a caregiver crisis that is escalating even faster than its population is graying: Cases of dependent adult abuse, increasing for decades, have skyrocketed in the last five years, with a growing number of people found by the state to be abusive and charged criminally. The findings, documented in statistics Watchdog obtained under Iowa's open records law,…
The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. Tech stocks dragged the broader market lower as companies that had powered the S&P 500 to a…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share…
AM Best has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. This Credit Rating action reflects erosion in GUNA Re’ s capital position, which is a material deviation from the business plan provided by the company, and the uncertainty regarding the company’ s capital support.
The following information was released by the American Cancer Society Cancer Action Network:. The New York State Senate began its wrap up of the 2026 legislative session by advancing bipartisan legislation that would improve New Yorkers' access to paid medical leave through the state's Temporary Disability Insurance Program. Advocates with the American…
