Morgan Griffith for the 9th Congressional District seat in the 2026 election. Griffith has represented the 9th District in the U.S. House of Representatives since he was first elected in 2010. The 9th District covers most of Southwest Virginia, including Carroll County, Grayson County and the City of Galax.
Reinsurance
SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, announced today that it has entered into a definitive agreement to acquire Gemini Financial Holdings Corporation and its subsidiaries, including Olympus MGA Corp.. Olympus MGA, one of the top underwriting franchises in Florida, is the managing general…
We have spent much time over the past year discussing property taxes and their impact on home affordability. Clearly, property taxes will continue to have my full attention, but there are other factors that also impact home affordability costs. Nebraska has some of the highest homeowners' premiums in the nation.
Ryan Specialty Holdings, Inc., a leading international specialty insurance firm, today announced that Michael G. Bungert, distinguished insurance veteran, has been appointed to its Board of Directors and serves as a member of its Compensation and Governance Committee, effective September 3, 2025. “Mike has extensive insurance industry experience and…
A composite of top global reinsurers appears headed toward meeting their cost of capital in 2025, unless the market experiences an additional $16 billion in net reinsurance losses between now and year end, according to a new AM Best report. The Best’ s Special Report,“ Global Reinsurers’ Return-on-Equity Decreases but Remains High,” is part of AM Best’ s look at the…
Although insurance penetration in Latin America remains low, the demand for reinsurance capacity is strengthening owing to a wide variety of natural perils. The Best’ s Market Segment Report,“ Latin American Reinsurers Reposition as Demand Strengthens,” states that insured natural catastrophe losses amounted to USD 11.6 billion in 2024; however, just USD 1.5…
Planet Labs PBC, a leading provider of daily data and insights about Earth, today announced financial results for the period ended July 31, 2025. The increased demand for our unique Earth intelligence, highlighted by pivotal contracts including one in collaboration with the German government, one with NATO, and others with the U.S. Department of Defense,…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company. These companies represent the life/health insurance subsidiaries of…
AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to“ a+” from“ aa-” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New…
However, the increased usage of health reinsurance has been driven by greater claim costs, including more high-dollar claims in the United States, combined with increased utilization. The Best’ s Market Segment Report,“ Evolving and Shifting Dynamics in the Health Reinsurance Spaces,” is part of AM Best’ s look at the global reinsurance industry ahead of the…
AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’ s credit risk transfer programs— Freddie Mac’ s Agency Credit Insurance Structure and Fannie Mae’ s Credit Insurance Risk Transfer. Future publications of the net capital charges will be dependent on the…
Morgan Griffith for the 9th Congressional District seat in the 2026 election. Griffith has represented the 9th District in the U.S. House of Representatives since he was first elected in 2010. The 9th District covers most of Southwest Virginia, including Carroll County, Grayson County and the City of Galax.
The following information was released by the Insurance Information Institute:. An analysis published today by the Insurance Information Institute revealed an estimated $42.8 billion in excess litigation value from motor vehicle tort cases filed between 2014 and 2023 in both federal and state civil courts across the United States.
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. As of December 2024, 66% of the company’ s gross written premium was composed of property/casualty products, with accident and health comprising 28% of…
Partially offsetting these positive rating factors is the competitive market environment in the Dominican Republic. La Colonial is the fifth-largest insurance company in the Dominican Republic, with an 8.5% market share as of May 2025. The company has maintained its leading position in the Dominican Republic despite changing market dynamics, which…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the primary life insurance subsidiaries of Protective Life Corporation, collectively known as Protective Life. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and the existing Long-Term Issue Credit Ratings of Protective Life Corporation.
An analysis published today by the Insurance Information Institute revealed an estimated $42.8 billion in excess litigation value from motor vehicle tort cases filed between 2014 and 2023 in both federal and state civil courts across the United States. "Triple-I’ s latest research uses data to illustrate that the big business of U.S. law is only getting…
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 Eurasia Insurance Company JSC. Whilst the company has a relatively conservative investment strategy, its asset base remains heavily exposed to the high financial system risk in Kazakhstan.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Peak Reinsurance Company Limited and its subsidiaries, Peak Reinsurance AG and Peak Reinsurance North America Ltd.. Under IFRS 17 and IFRS 9 accounting basis, the company’ s capital and surplus increased by 11.7% to USD 1.43 billion in 2024, mainly supported…
