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OLDWICK, N.J.--(BUSINESS WIRE)--The November issue of Best’s Review examines workers’ compensation as well as trends in property claims: “New Technology Helps Prevent Workplace Injuries as Claims Frequency Declines” examines how technology is helping to create a safer workplace. “Workers’ Compensation Continues With Strong Profits, Despite Pricing Cuts” looks at why workers’ compensation insurance is still outperforming all other property/casualty lines. “As Risks Evolve, Property Claims Adjust...

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During October, the PFI funded ratio improved for the seventh straight month, rising from 106.5% on September 30 to 107.1% as of October 31. Market gains of 1.27% drove this result. It was slightly offset by a 3-basis-point dip in discount rates, which slipped to 5.33% for Octob...

OLDWICK, N.J.--(BUSINESS WIRE)--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 General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally. These companies collectively are known as General Re Group (Gen Re). (Please see below for a detailed listing of these compa...

OLDWICK, N.J.--(BUSINESS WIRE)--Video playback is now available for a complimentary webinar titled “Confronting Legal System Abuse: Risks, Impacts and the Insurance Industry Response,” hosted by AM Best and sponsored by Munich Re US. Access it here. Legal system abuse continues to pose significant challenges for insurers, driving claims costs, impacting underwriting strategies and straining policyholder affordability. In this one-hour webinar, a panel of insurance industry and legal experts exp...

LONDON--(BUSINESS WIRE)--AM Best has upgraded the Performance Assessment (assessment) to PA-2 (Excellent) from PA-3 (Strong) of Corin Underwriting Limited (Corin) (United Kingdom) and its wholly owned subsidiary, Corin Underwriting (Europe) GmbH (Corin Europe) (Germany). The outlook of the assessment is stable. The assessment reflects Corin’s excellent underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organisational talent and its stron...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Société Nationale d'Assurance (SAA) (Algeria). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned the Algeria National Scale Rating (NSR) of “aaa.DZ” (Exceptional) to SAA. The outlook assigned to the NSR is stable. The ratings reflect SAA’s balance sheet strength, which AM Best assesses as very strong, as well...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) (Baton Rouge, LA). The Credit Ratings (ratings) reflect Louisiana Farm Bureau’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile, and appropriate enterpri...

OLDWICK, N.J.--(BUSINESS WIRE)--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 the members of Nationwide Property and Casualty Group (Nationwide P&C Group). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Nationwide Life Insurance Company and its subsidiaries, Nationwide Life and Annuity Insurance Company and Jefferson National L...

HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that McKee Risk Management has been named the recipient of the Digital Transformation Champion at the 2025 Excellence in Insurance conference. The Excellence in Insurance awards celebrate the innovation and success of P&C insurers, with winners selected from a competitive field of nominees and recognized for leadership in tra...

HOUSTON--(BUSINESS WIRE)--SISCO Holdings, LLC, a Delaware company wholly owned by Stewart Information Services Corporation (NYSE:STC) today announced its entry into an agreement to acquire the mortgage services of Mortgage Contracting Services (MCS), a property preservation services provider. As part of the agreement, Stewart will acquire all the operations and technology supporting mortgage servicers and lenders in their property preservation efforts. “We are pleased to announce our intent to...