HOUSTON, TX—American National Insurance Company has been recognized by AM Best for maintaining an A rating for 83 consecutive years, earning a place on the 2024 Best's Review "Standing the Test of ...
Floods are especially difficult to insure because the damages are highly correlated. A house fire may destroy or damage ...
Banks with insurance businesses had a choice to make in 2023: hang onto those units and keep reeling in a steady stream of fee income, or sell them for a lot of money. Several banks chose the latter ...
Global Indemnity Group, LLC (NYSE: GBLI) (“GBLI”), announced today that its subsidiary Penn-America Underwriters, LLC (“PAU”) has completed the acquisition of Sayata, an AI-enabled digital ...
Out-of-control natural disasters are resulting in billions of dollars of damage costs -- forcing major US insurance companies to both raise rates and even pull out of vulnerable markets entirely. AFP ...
If funding authorization for FEMA's NFIP is allowed to expire on Tuesday, America's flood insurance crisis could get even ...
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 Universal ...
Bucking a trend in which at least two dozen banks have sold their insurance units over the past three years, Community Financial System in Syracuse, New York, has moved to expand its exposure to the ...
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