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AM Best Assigns Credit Ratings to Ilaf Takaful Insurance Company K.S.C. (Closed)

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AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to Ilaf Takaful Insurance Company K.S.C.. The outlook assigned to these Credit Ratings is stable. The ratings reflect ILAF Takaful’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business…

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The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it’ s been the last six weeks. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. Rates have been mostly trending higher since the conflict between the U.S. and Iran began in late February, disrupting the…

What's clear is that most people, even in Connecticut, don't have nearly that much. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's doubtful most people have that much saved for retirement, said Eric McAlley,…

Consumer prices rose 4.1% in May from a year earlier, the Commerce Department said Thursday, the largest annual increase since April 2023. Rising prices have caused the inflation-fighters at the Federal Reserve to keep their key rate unchanged this year, a reversal from January when they had penciled in two cuts. Oil and gas prices have fallen substantially…

One day after the state Supreme Court said he couldn't piggyback on someone else's lawsuit against an insurance company, Oklahoma Attorney General Gentner Drummond filed his own lawsuit Wednesday against State Farm Fire and Casualty Co. to enforce state racketeering law. Filed in Cleveland County District Court, the 21- page petition alleges State Farm…

One day after the state Supreme Court said he couldn't piggyback on someone else's lawsuit against an insurance company, Oklahoma Attorney General Gentner Drummond filed his own lawsuit Wednesday against State Farm Fire and Casualty Co. to enforce state racketeering law. Filed in Cleveland County District Court, the 21- page petition alleges State Farm…

The following information was released by the Federal Reserve Board:. Understanding small and new businesses is critical to understanding the U.S. economy. What happens in these storefronts, offices, shop floors, and even basements and garages shapes households, neighborhoods, and, ultimately, the aggregate outcome for the U.S. economy.2 Consider this: 99.9…

OKLAHOMA CITY– Oklahoma Attorney General Gentner Drummond on Wednesday filed a new lawsuit against State Farm Fire and Casualty Company, alleging the insurer is engaging in a scheme to deny and underpay hail and wind damage claims by Oklahoma homeowners. According to Drummond's office, State Farm is alleged to have engaged in a pattern of deceptive and…

There’ s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17, President Donald Trump’ s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank.

Pediatric Associates said it notified the state Agency for Health Care Administration Tuesday morning that it plans to seek $300 million in primary care Medicaid funding it claims it was denied over the last 20 months under a revised payment schedule the agency adopted in February 2025. "AHCA's changes have jeopardized pediatric care for hundreds of…

Federato opens Australia office and appoints former Guidewire executive Roland Slee as Regional Vice President, Asia Pacific and Japan. Expanding into APAC and Japan, Federato is introducing the first AI-native insurance platform to cover the entire policy lifecycle, a solution already validated by Fortune 100 carriers in the United States. The expansion…

A Texas doctor accused of rubber-stamping cardiovascular screening tests performed by a South Florida diagnostic company for college athletes is among 455 healthcare-fraud defendants recently arrested on charges of billing $6.5 billion in false medical claims to private and public insurance companies, U.S. authorities said Tuesday.

2026 JUN 24– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ LENDINGTREE SPRING” by Christiane Campbell DUANE MORRIS LLP, representing LendingTree, LLC. This application was made available to the public on June 10, 2026.

2026 JUN 24– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Health and Medicine- Transgender Health. According to news reporting originating in Munster, Germany, by NewsRx journalists, research stated,“ Since there is little data on the use of health services by minor patients diagnosed with gender dysphoria, we…

—All 32 of the nation's biggest banks passed the Federal Reserve's annual“ stress test” of the financial system, the central bank said Wednesday, a sign that the banking system would remain healthy even if a major economic contraction occurred. In the Fed's scenario, unemployment would rise from 5.5% to 10% and the U.S. economy would contract 4.6%.

KARNES CITY– The Karnes County Commissioners Court renewed employee health insurance benefits for fiscal year 2027, advanced plans for a new Precinct 4 EMS satellite building and approved grant-related contracts during its regular meeting on Tuesday, June 23. The court approved renewing the county's employee health insurance through the Texas…