Newsroom | 38598 results

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company (Dallas, TX) (PrimeOne), a wholly own subsidiary of PrimeOne Insurance Group. The outlook of these Credit Ratings (ratings) has been revised to negative from stable. The ratings reflect PrimeOne’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal o...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a leading national provider of commercial, personal, and employee benefits insurance, is pleased to announce its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a strong reputation for personalized and comprehensive insurance solutions. Originally established by Carrick Davi...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings were released publicly with an effective date of April 16, 2025. The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) has been named a 2025 Business Ethics Leadership Alliance (BELA) Community Champion by Ethisphere. This recognition is given for outstanding contributions to the BELA member community — a global network of companies that recognize the inherent value of promoting ethical leadership and a world-class compliance culture. Active participation in knowledge sharing, regulatory relationship building, and continuous learning were key factors i...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Knight Insurance Company Ltd. (Cayman Islands), KnightBrook Insurance Company, Knight Specialty Insurance Company (both of Wilmington, DE) and Guilderland Reinsurance Company (New York, NY). These companies collectively are referred to as Knight. The Credit Ratings (ratings) of Knight...

WASHINGTON--(BUSINESS WIRE)--GEICO is proudly honoring seven members of the United States military with its 2024 GEICO Military Service Awards. These awards commemorate the immeasurable sacrifices, unwavering dedication, and invaluable contributions of enlisted service members. GEICO’s Military Service Awards, which have recognized members of the U.S. military since 1988, not only acknowledge the distinguished leadership commitment these individuals exemplify while in uniform, but also highligh...

SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire announced that its PartnerConnect ecosystem partners have now earned more than 250 specializations & unveiled 2 new Digital specializations...

OLDWICK, N.J.--(BUSINESS WIRE)--While an insurer’s business profile has a foundational role in its earnings stability and surplus growth, concentration by line of business and geography can be key detriments to a respective company’s profitability, according to a new report released by AM Best. In its new Best’s Special Report, “Implications of Business Profiles on Operating Performance,” AM Best notes that this concentration aspect is the greatest drag on its business profile assessments, whic...

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of March of $1.04 billion or $818 million, after-tax. Catastrophe losses for March include 11 events with approximately 80% of the losses related to four geographically widespread wind and hail events. In March, Allstate surpassed the retention level of the annual aggregate reinsurance cover for the annual risk period ending March 31, 2025, with expected recoveries...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--FundingShield Q1 2025 Wire Fraud Risk Report showing nearly half of mortgage transactions at risk. Regulators and GSEs increase scrutiny on controls....