AM Best Downgrades Outlook for CICA Life Insurance Credit Rating
AM Best revises CICA Life Insurance's credit rating outlook to negative citing new business strain and balance sheet pressures. Stable financial strength rating affirmed.
AM Best revises CICA Life Insurance's credit rating outlook to negative citing new business strain and balance sheet pressures. Stable financial strength rating affirmed.
The U.S. property/casualty insurance sector posted $11.2B in net underwriting income for H1 2025, driven by premium growth and investment income despite rising catastrophe losses and lower capital gains.
Progressive's stock fell 10.6% over six months despite strong 20.3% net premium growth and accelerating book value per share, highlighting robust fundamentals amid market volatility.
F&G Annuities partners with Blackstone-managed reinsurance vehicle in a $1 billion deal to support fixed indexed annuity growth and enhance capital efficiency.
A detailed analysis of the 2025 Medicare Trustees Report outlines financial projections and key cost drivers including Medicare Advantage's impact and reimbursement challenges.
1823 Partners debuts as a private assets firm aiming to improve investment return control and value for life insurers amid evolving asset management models.
Massachusetts Group Insurance Commission secures $240 million state funding to cover public employee health insurance claims for fiscal year 2025, ensuring financial stability of this major public insurance entity.
UnitedHealth replaced CEO Andrew Witty after financial challenges related to Medicare coverage led to profit declines and withdrawn guidance, highlighting regulatory and cost pressures in the insurance market.
Allstate's Q1 earnings show revenue growth driven by property-liability underwriting amid high catastrophic losses and improved auto insurance results through strategic rate increases and new business growth.
ReSource Pro partners with Ascend to enhance Direct Bill Complete with AI-driven automation, reducing costs and improving accuracy in insurance commission reconciliation for brokerages.