Long-term care insurance

AM Best Assigns Credit Ratings to La Capitale General Insurance Inc., La Capitale Civil Service Insurer Inc.; Affirms Credit Ratings of Certain Beneva Inc. Subsidiaries

Retrieved on:

Friday, September 23, 2022

Insurance, Professional Services, SSQ, VIP, ICR, ERM, Credit, News, Industry, La Capitale, AM Best, AM, FSR, Long-term care insurance, Insurance, ALL, Risk management, Unica, La Capitale (company)

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) to La Capitale General Insurance Inc. (La Capitale General Insurance).

Key Points:

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) to La Capitale General Insurance Inc. (La Capitale General Insurance).
In addition, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of a (Excellent) to La Capitale Civil Service Insurer Inc. (La Capitale Civil Service Insurer).
La Capitale Civil Service Insurer operates as a generalist within the individual insurance, group insurance, savings, personal lines and commercial product lines.
The ratings of La Capitale Civil Service Insurer, La Capitale General Insurance, Unica and LUnique consider the benefit that each entity receives operating as part of the larger Beneva organization in support of the common business strategy.

AM Best Assigns Credit Ratings to Life Alliance Reassurance Corporation; Affirms Credit Ratings of the Members of AAA Life Group

Retrieved on:

Friday, September 16, 2022

Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs o7f a (Excellent) for AAA Life Insurance Company (AAA Life) (Livonia, MI), AAA Life Insurance Company of New York (Harrison, NY) and the companies affiliated with AAA Life.

Key Points:

Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs o7f a (Excellent) for AAA Life Insurance Company (AAA Life) (Livonia, MI), AAA Life Insurance Company of New York (Harrison, NY) and the companies affiliated with AAA Life.
AAA Life underwrites all new insurance business and reinsures it on a coinsurance basis to designated members of AAA Life Group, as contracted by shareholder and management agreements.
As a result, AM Best considers that all members of AAA Life Group operate as a group.
AAA Life Group receives rating enhancement, due to its strategic importance to the auto club owners as evidenced by historical capital contributions, enabling AAA Life Group to fund its new business growth.

AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries

Retrieved on:

Wednesday, September 14, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of aaa (Exceptional) of New York Life Insurance Company, New York Life Insurance and Annuity Corporation (NYLIAC), Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of aaa (Exceptional) of New York Life Insurance Company, New York Life Insurance and Annuity Corporation (NYLIAC), Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).
AM Best also has affirmed the Long-Term ICRs of aaa (Exceptional) of New York Life Global Funding and New York Life Funding.
Lastly, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the funding agreement-backed securities programs, the outstanding notes issued therein and the Long-Term IRs on the existing surplus notes of New York Life Insurance Company.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Its Subsidiaries

Retrieved on:

Friday, September 9, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa+ (Superior) of State Farm Mutual Automobile Insurance Company (State Farm Mutual) and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas (Richardson, TX), collectively referred to as State Farm Group.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa+ (Superior) of State Farm Mutual Automobile Insurance Company (State Farm Mutual) and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas (Richardson, TX), collectively referred to as State Farm Group.
AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of a (Excellent) of State Farm General Insurance Company (State Farm General).
At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of a (Excellent) of State Farm Lloyds (Richardson, TX), HiRoad Assurance Company (HiRoad) and State Farm Indemnity Company (State Farm Indemnity).
In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of aa+ (Superior) of State Farm Life Insurance Company and State Farm Life and Accident Assurance Company (together referred to as State Farm Life).

AM Best Affirms Credit Ratings of Humana Inc. and Its Health Insurance Subsidiaries

Retrieved on:

Thursday, September 1, 2022

Concurrently, AM Best has affirmed the Long-Term ICR of bbb- (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana Inc. AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of AMB-2 (Satisfactory) for Humana Inc. Additionally, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb (Good) of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc.

Key Points:

Concurrently, AM Best has affirmed the Long-Term ICR of bbb- (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana Inc. AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of AMB-2 (Satisfactory) for Humana Inc. Additionally, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb (Good) of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc.
These companies are domiciled in Puerto Rico and collectively are referred to as Humana Health of Puerto Rico Group.
The ratings reflect Humana Health Groups balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).
The FSR of A- (Excellent) and the Long-Term ICRs of a- (Excellent) have been affirmed with stable outlooks for the following health and dental insurance subsidiaries of Humana Inc.:

AM Best Affirms Credit Ratings of Highmark Inc. and Its Subsidiaries

Retrieved on:

Wednesday, August 31, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Highmark Inc. (Highmark) (Camp Hill, PA) and its life/health (L/H) subsidiaries, collectively known as Highmark Inc. Group.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Highmark Inc. (Highmark) (Camp Hill, PA) and its life/health (L/H) subsidiaries, collectively known as Highmark Inc. Group.
Lastly, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of a (Excellent) of Highmarks existing senior unsecured notes.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of The Hartford Financial Services Group, Inc. and Subsidiaries

Retrieved on:

Thursday, August 25, 2022

Professional Services, Insurance, Finance, NYSE, Long-Term Capital Management, Credit, Globe Life and Accident Insurance Company, The Hartford, ERM, AM, Risk management, Heimeshoff v. Hartford Life & Accident Insurance Co., Federal Home Loan Banks, FSR, Long-term care insurance, Superior, Income, Insurance

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of a- (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG], which is the ultimate parent of the companies hereinafter mentioned.

Key Points:

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of a- (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG], which is the ultimate parent of the companies hereinafter mentioned.
The ratings reflect the Hartford Insurance Groups risk-adjusted capitalization, which remains at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR).
AM Best anticipates The Hartford will maintain solid liquidity to support any potential capital needs of its operating subsidiaries.
The FSR of A+ (Superior) and the Long-Term ICRs of aa- (Superior) have been affirmed with stable outlooks for the following subsidiaries of The Hartford Financial Services Group, Inc.:

AM Best Downgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries

Retrieved on:

Thursday, August 11, 2022

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a- (Excellent) from a (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C).

Key Points:

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a- (Excellent) from a (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C).
AM Best also has downgraded the FSR to A- (Excellent) from A (Excellent) and the Long-Term ICRs to a- (Excellent) from a (Excellent) of Kemper Corp.s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago, IL).
Concurrently, AM Best has downgraded the Long-Term ICR to bbb- (Good) from bbb (Good) and downgraded the Long-Term Issue Credit Ratings (Long-Term IR) and indicative Long-Term IRs of Kemper Corp., the ultimate parent, headquartered in Chicago, IL.
The outlook of these Credit Ratings (ratings) has been revised to stable from negative.

Marc Jacobson & Associates Launches New Strategies and Services in the Insurance Sector

Retrieved on:

Saturday, July 30, 2022

Insurance, Life, Industry, Maintenance, Associate, Health, Income, Disability, Long-term care insurance, Policy, General insurance, Review, Virginia 529 College Savings Plan, Peter Marc Jacobson, Investor, Health insurance, Renewable energy, Financial services

Marc Jacobson & Associates is an insurance firm that has been offering its services since 1988 in the market. Recently it has launched new insurance policies for financial security.

Key Points:

New York, New York--(Newsfile Corp. - July 30, 2022) - Marc Jacobson & Associates develops new strategies and insurance policies that assist in analyzing, designing, and implementing their business philosophy, systems, and newly launched insurance services.
The newly launched services of Marc Jacobson Insurance Company provide following features in the insurance sector:
Life Insurance: The company provides Life insurance that is essential to the financial planning strategy.
Disability Insurance: The new policy launched by Marc Jacobson & Associates pays benefits when the clients cannot earn a living because they are sick or injured.
Marc Jacobson & Associates provides its services in assisting clients with financial independence while maintaining personal service and proficiency in the industry.

AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Its Main Subsidiaries

Retrieved on:

Friday, July 29, 2022

AM Best also has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRVs indicative Long-Term IRs.

Key Points:

AM Best also has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRVs indicative Long-Term IRs.
The outlook of these Credit Ratings (ratings) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .