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This edition lists all Credit Rating actions that occurred between June (1) and June 30, (2)024. For the Credit Rating of any company rated by AM Best and basic company [...]

Despite a mild deterioration in technical results among Mexico's insurance companies, AM Best is maintaining its stable market segment outlook based on significantly improved premium growth in line with the [...]

Calvin Coolidge was just two years into his presidency when AM Best upgraded Granite State Insurance Co. from a rating of B (Good) to A (Excellent) in 1925. Since hitting [...]

Pervasive 'forever chemicals' are spurring new lawsuits, raising the specter of another asbestoslike litigation quagmire for insurers and makers of per- and polyfluoroalkyl substances, more commonly known as PFAS. 'The [...]

In Bermuda, one of the world's largest captive domiciles, a new corporate income tax will go into effect in 2025, affecting mostly large, multinational corporations. Some insurance industry experts are [...]

American International Group Inc. named Gordon Browne as global head of specialty and Kelly Lafnitzegger as executive vice president and chief human resources and diversity officer. Browne will serve on [...]

This edition lists all Credit Rating actions that occurred between May 1 and May 31, 2024. For the Credit Rating of any company rated by AM Best and basic company [...]

Consistency remains this year's theme among the leaders in Best's Review's Top Global Insurance Brokers ranking as Marsh McLennan claimed the top spot for the 14th consecutive year, increasing its [...]

Mergers, acquisitions and investments in the public accounting sector are having a big impact on firms as they look to expand their geographic footprint, industry expertise and technological capabilities in [...]

This edition lists all Credit Rating actions that occurred between April 1 and April 30, 2024. For the Credit Rating of any company rated by AM Best and basic company [...]

Editor's Note: The following is an excerpt from a December 2023 Best's Market Segment Report, Market Segment Outlook: Germany Non-Life Insurance. Visit www.ambest.com to access the full report. Subdued Growth [...]

It takes only one blockbuster hurricane making landfall in a populated area to cause widespread devastation and billions of dollars in insured loss. Hurricane Idalia, the only hurricane to make [...]

Everest Group Ltd. promoted Jim Williamson to lead Everest's reinsurance and insurance businesses. Williamson most recently served as Everest's executive vice president, group chief operating officer and head of the [...]

This edition lists all Credit Rating actions that occurred between March 1 and March 31, 2024. For the Credit Rating of any company rated by AM Best and basic company [...]

The petitioners said they claim exoneration from liability for any and all losses or damage from the event and from any claims for damages that have been or may be [...]

As traditional media relegates insurance beat reporting to the past, insurers use podcasts, blogs, social media and trades to disseminate their work. When Robert Hartwig was in a leadership position [...]

Insurance defense attorney members of Best's Insurance Professional Resources who responded to an exclusive Best's Review survey say they remain committed to the insurance industry but warn that counsel-insurer relationships [...]

Markel names chief operating officer, Kemper appoints permanent CFO and Axis Capital hires global CIO. Ron Lockton has returned to the role of chief executive officer of Lockton, an independent [...]

Joshua K. Leader is a partner at Leader Berkon Colao & Silverstein LLP in New York City. He manages a diverse range of litigation in areas including complex commercial, securities, [...]

Arcoren v. United States (1) N this pre-Daubert case, the defendant had been convicted in the district court for several counts of sexual abuse. At the trial, the government called [...]

Alaska Rent-A-Car, Inc. v. Avis Budget Group, Inc. (1) PLAINTIFF Alaska Rent-a-Car alleged that rental car company Avis violated an antitrust class action settlement prohibiting Avis from using personnel to [...]

Manpower, Inc. v. Insurance Company of the State of Pennsylvania (1) THE partial collapse of a Paris office building resulted in insurance litigation over the cost of business interruption. The [...]

A. Fifth Circuit Court of Appeals Bear Ranch, LLC v. Heartbrand Beef, Inc. (1) PLAINTIFF Bear Ranch, a cattle ranch, sued a beef production company and related entities, alleging breach [...]

A. Fourth Circuit Court of Appeals Baxter v. Commissioner of IRS (1) THIS is an appeal of a tax court decision. The taxpayers had claimed a taxable capital loss deduction [...]

Best v. Lowe's Home Centers, Inc. (1) IN a personal action arising from permanent anosmia (loss of sense of smell) sustained by a customer after pool chemicals spilled onto his [...]

Marie E. Chafe is a civil and commercial trial attorney with vast experience representing businesses in product liability matters involving wrongful death, catastrophic injuries, and consequential property damages. She has [...]

Peter is a trial lawyer with decades of experience in commercial litigation, business valuation and close corporation disputes, the defense of class actions, and healthcare and information law. He holds [...]

Eric Lasker litigates a wide variety of complex civil matters, with a current focus on toxic torts, environmental litigation, and pharmaceutical product liability. He has successfully represented his clients' interests [...]

This edition lists all Credit Rating actions that occurred between Feb. 1 and Feb. 29, 2024. For the Credit Rating of any company rated by AM Best and basic company [...]

Insurers have seen the future and are preparing for a world where artificial intelligence, geopolitical tensions, evolving cyber and climate risk and renewable energy play an ever more significant role. [...]

Parametric insurance contracts, which offer objective 'trigger events' and quicker payouts to those who need relief after a catastrophe, are gaining traction in the market. Parametric insurance contracts, which gained [...]

Northwestern Mutual names successor to retiring CEO, CVS Health appoints permanent CFO and Great West Lifeco leadership shifts as president steps down. State Farm said Chief Financial Officer Jon Farney [...]

Objective: To describe insurance patterns and discontinuity during pregnancy, which may affect the experiences of the pregnant person: their timely access to care, continuity of care, and health outcomes. Data Sources and Study Setting: Data are from the PROMISE study, which utilizes data from community-based health care organizations (CHCOs) (e.g., federally qualified health centers that serve patients regardless of insurance status or ability to pay) in the United States from 2005 to 2021. Study Design: This descriptive study was a cohort utilizing longitudinal electronic health record data. Data Collection/Extraction Methods: Insurance type at each encounter was recorded in the clinical database and coded as Private, Public, and Uninsured. Pregnant people were categorized into one of several insurance patterns. We analyzed the frequency and timing of insurance changes and care utilization within each group. Principal Findings: Continuous public insurance was the most common insurance pattern (69.2%), followed by uninsured/public discontinuity (11.8%), with 6.4% experiencing uninsurance throughout the entirety of pregnancy. Insurance discontinuity was experienced by 16.6% of pregnant people; a majority of these reflect people transitioning to public insurance. Those with continuous public insurance had the highest frequency of inadequate prenatal care (19.5%), while those with all three types of insurance during pregnancy had the highest percentage of intensive prenatal care (16.5%). The majority (71.7%-81.2%) of those with a discontinuous pattern experienced a single insurance change. Conclusions: Insurance discontinuity and uninsurance are common within our population of pregnant people seeking care at CHCOs. Our findings suggest that insurance status should be regarded as a dynamic rather than a static characteristic during pregnancy and should be measured accordingly. Future research is needed to assess the drivers of perinatal insurance discontinuity and if and how these discontinuities may affect health care access, utilization, and birth outcomes. KEYWORDS access to care, continuity of care, health care utilization, insurance churn, insurance discontinuity, maternal and child health, prenatal care, 1 | INTRODUCTION The availability of health insurance and access to high-quality health care is widely assumed to be vital for the health and wellbeing of populations. (1,2) Insurance discontinuity [...]

Best's Review contributor Ojusvi Chauhan is an advocate who practices law in New Delhi, India, focusing on insurance dispute resolution and representing some of the world's largest insurers and reinsurers [...]

Table 3.6. Contributions for Government Social Insurance Billions of dollars] Last Revised on: September 29, 2023 Line 2015 2016 2017 1 Contributions for government 1,210.0 1,244.4 1,304.2 social insurance 2 [...]

Industry's 2023 admitted assets increased 5.6%. Prudential of America Group topped the 2024 edition of Best's Review's Top 200 US Life/Health Insurers ranking, with $531.49 billion in 2023 admitted assets, [...]

Industry's 2023 net premiums written increased 10.4%. State Farm topped the 2024 edition of Best's Review's Top 200 US Property/Casualty Writers, with $92.60 billion in 2023 net premiums written, $15.41 [...]

Social inflation continues to test the ability of casualty insurers with unpredictable and excessive claim costs, David Blades, AM Best associate director of industry research and analytics, and Justin Aimone, [...]

Top 25 US Holding Companies Best's Rankings Top 25 US Holding Companies - 2024 Edition Ranked by Assets ($ Thousands) Rank AMB# Company Name 2023 Total Assets 1 058334 Berkshire [...]

Jim Belardi, co-founder and chief executive officer of Athene Holding Ltd., said his company was started in 2009 with one premise and for one purpose: to provide guaranteed income to [...]

Swiss Re named Andreas Berger to succeed Christian Mumenthaler as group chief executive officer, effective July 1. Mumenthaler decided to step down after eight years as group CEO and 25 [...]

The article deals with various legal disputes related to accident insurance. In one case, it is about a blood donor who injured a tooth while eating a piece of black bread after the donation. The insurance company refused to reimburse the costs, but the social court decided that the incident should be recognized as a work-related accident. In another case, it is about a doctoral student who had an accident during an excursion to a mine. The court decided that she is not covered by statutory accident insurance. The article also discusses the requirements for work-related accidents and insurance benefits, as well as the differences between accident insurance for students and statutory health and long-term care insurance. Various legal provisions and judgments are explained, and the question of insurance coverage for certain activities at universities is discussed. [Extracted from the article]

Newly introduced legislation in both houses of Congress would fill the only remaining gap in Medicare level‐of‐care coverage for substance use treatment services. The Residential Recovery for Seniors Act would establish a new benefit under Medicare Part A that would cover non‐hospital residential treatment for older adults and persons with disabilities. [ABSTRACT FROM AUTHOR]

Purpose: The study aims to examine the impact of an artificial intelligent service agent (AISA) on customer services to the rural population provided by KAYA, Kotak Life's AI-enabled insurance chatbot avatar that offers quality insurance services. Design/methodology/approach: Multi-stage cluster sampling method was adopted to collect the responses from the 707 customers across the rural population of southern states of India. SPSS V.2 and Smart PLS 4 were used to apply simple percentage analysis, multiple linear regression analysis, and structural equation modeling (SEM) to validate the hypothesis. The dependent variables are economic performance and market performance based on the independent variables: efficiency, security, availability, enjoyment and contact. Findings: The study revealed that efficiency and security are the highest predictors and the most influencing variables in predicting the economic and market performance of the insurance companies in determining the quality of service when rendered through AISA among the customers. Efficiency, security, availability, contact and enjoyment are the critical dimensions of AISA. It has a more significant impact on quality service (claim processing) to the rural population. It improves the economic and market performance among the insurance companies and the rural population. Originality/value: Customers need convenience when making claims. Even little challenges might lead to stress and unhappiness, depending on the situation. Restrictions on where customers can file claims may not be the most outstanding service insurance firms can offer, given rising travel and commuting costs and widening geographical borders. Customers value proactive communication from service providers about the status of their insurance claims. [ABSTRACT FROM AUTHOR]

The given document is a table comparing different home and contents insurance policies offered by various companies. It provides information such as the name of the insurance policy, ratings for different aspects of the policy, coverage limits, excess amounts, and additional features. The purpose of the table is to provide library patrons with a quick overview of different insurance options available to them. It is important for individuals to carefully review the policy's fine print and consider their specific needs before making a decision. [Extracted from the article]

The article deals with a legal dispute regarding insurance coverage in the case of a work accident. The plaintiff was hit by a car on his way to physiotherapy and injured both wrists. The insurance company denied coverage as physiotherapy was not considered an interdisciplinary rehabilitation measure. The social court dismissed the lawsuit and the appeal was unsuccessful. The plaintiff did not suffer a work accident as he was not engaged in an insured activity at that time. Outpatient physiotherapeutic treatment is not covered under Social Code VII. [Extracted from the article]

The article provides advice to individuals seeking financial guidance. The first question is from Nick, a 32-year-old who wants to be debt-free by his early 40s and retire early. The author suggests adding $1,000 a month to his mortgage offset account to achieve this goal. The second question is from Emma, a 53-year-old who defied a terminal diagnosis and is concerned about her financial future. The author advises her to enjoy her life now and consider saving for the age pension. The third question is from Connie, who wants to save all her wages into her superannuation account. The author explains the limits on contributions and suggests checking with a super fund or adviser. The fourth question is from Trevor, who wants to sell his elderly mother's AMP shares. The author recommends using a share service offered by a bank to minimize fees. The fifth question is from Greg, who wants to help his children while ensuring enough money for retirement. The author suggests treating the children equally and considering different strategies, such as downsizing their home or rebalancing support in their estate planning. [Extracted from the article]

The article presents a speech by U.S. President Joe Biden at the 13th anniversary of the Affordable Care Act (ACA), where he emphasizes its role in improving healthcare accessibility and affordability. Political figures like Nancy Pelosi and Kamala Harris are praised for passing and defending the ACA, with measures to lower prescription drug costs discussed.

This edition lists all Credit Rating actions that occurred between Jan. 1 and Jan. 31, 2024. For the Credit Rating of any company rated by AM Best and basic company [...]