Insurers will get a slight reduction in Affordable Care Act exchange fees next year and some ACA enrollees will face higher premiums through reduced tax subsidies under rules finalized by the Centers for Medicare and Medicaid Services.
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While results varied by company, the industry reported an overall 7.7% increase in operating income.
The Federal Emergency Management Agency has secured a second capital markets catastrophe bond to provide additional reinsurance for the National Flood Insurance Program, which when combined with previously purchased coverage, provides $2.12 billion in total 2019 hurricane season reinsurance.
Auto insurers getting back on track with reduced Loss & LAE and expense ratios.
Our outlook remains Negative, as the political and economic uncertainties associated with Brexit continue to weigh on the UK's non-life market.
Strong risk-adjusted capitalization, favorable operating performance, and pricing and underwriting initiatives drive Stable outlook.
Is U.S. Insurance Regulation Unconstitutional?
AIG’s Duperreault: Learn to manage diversity or be left behind.
Scor S.E.’s property/casualty reinsurance segment reported April 1 renewals growth as gross written premiums rose 9.6% at constant exchange rates to €548 million (US$616.0 million) on what the reinsurer called “broadly improving market conditions.”
April 18, 2019 Full Story
The Florida legislature inched closer to a final decision on its latest attempt to reform the state’s assignment of benefits law as a senate committee voted to move the bill to the full chamber.
Craig W. Kliethermes
RLI Operations Chief: Company Taking Advantage of Industry DisruptionRLI Corp. is taking advantage of disruption within the industry to grow revenues, Chief Operating Officer Craig W. Kliethermes said.
Canopius, AmTrust to Merge Lloyd’s BusinessesCanopius A.G. signed a sale and purchase agreement to merge its Lloyd’s business with that of AmTrust at Lloyd’s, a division of AmTrust Financial.
USAA Net Income Declines 5.4% Following ‘Devastating’ Cat YearUSAA net income declined last year as it paid nearly $16 billion in claims, according to the insurer’s annual report.
AM Best Affirms Credit Ratings of Protective Property & Casualty Insurance CompanyAM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Protective Property & Casualty Insurance Company (Protective) (St. Louis, MO). The outlook of these Credit Ratings (ratings) is stable.
AM Best Affirms Credit Ratings of Shinkong Insurance Company LimitedAM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Shinkong Insurance Company Limited (Shinkong Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable.
AM Best Affirms the Credit Ratings of Royal Bank of Canada Insurance Company Ltd.AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Royal Bank of Canada Insurance Company Ltd. (RBCICL) (Barbados). The outlook of these Credit Ratings (ratings) is stable.
AM Best Revises Issuer Credit Rating Outlook to Negative for Malayan Insurance Co., Inc.AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Malayan Insurance Co., Inc. (Malayan) (Philippines). The outlook of the FSR remains stable.
AM Best Withdraws Credit Ratings of CIBC Reinsurance Company LimitedAM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of CIBC Reinsurance Company Limited (CIBC Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn the ratings of CIBC Re at the company’s request to no longer participate in AM Best’s interactive rating process.
Washington State and Connecticut Move to Enshrine ACA ProtectionsWashington state and Connecticut are the latest two states to take steps to enshrine consumer protections from the Affordable Care Act.
Democratic Senators Propose New Profit Curbs on Insurers, Stronger Rate ReviewsA group of Democratic U.S. senators has introduced a bill to strengthen the Affordable Care Act, calling for new curbs on carrier profitability, an increase to the medical loss ratio and stronger premium rate reviews.
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