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Milliman analysis: Competitive pension risk transfer cost decreases to 100.8% during May

SEATTLE--(BUSINESS WIRE)--Milliman has just released the latest results of its Pension Buyout Index....
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Triple-I: Lightning Caused $1.04B in US Homeowners Claim Payouts in 2024; Frequency Drops 21.5% Year-Over-Year

MALVERN, Pa.--(BUSINESS WIRE)--U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, a 16.5% decrease from the $1.24 billion paid out in 2023....
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HomeServices of America Names Jimmy Burgess as Chief Coaching Officer

MINNEAPOLIS--(BUSINESS WIRE)--HomeServices of America, the nation’s premier provider of homeownership services – including brokerage, mortgage, franchising, title, escrow, insurance, and relocation services – today announced that nationally-acclaimed industry leader Jimmy Burgess will be assuming the newly created national role of Chief Coaching Officer. Burgess will now lead the design and implementation of agent and leadership coaching across the HomeServices enterprise. He will also serve as...
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Great American Insurance Group’s Property & Inland Marine Division Announces Availability of Certain Products on Dyad Platform

CINCINNATI--(BUSINESS WIRE)--Great American is excited to announce a new relationship with Dyad, a leading provider of connectivity solutions for wholesale and retail agents....
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Grange Insurance Honored with Corporate Citizenship Award

COLUMBUS, Ohio--(BUSINESS WIRE)--Grange Insurance Company was honored with the Corporate Citizenship Award by Columbus Business First, recognizing a banner year of community impact in 2024 marked by record charitable giving, associate engagement and nonprofit leadership across the enterprise. The Corporate Citizenship Award program, launched in 2018 to replace the Corporate Caring Awards, highlights the generosity of Central Ohio companies and their employees. Grange was recognized in the large...
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American Integrity Insurance Group, Inc. Celebrates Its Successful Initial Public Offering with the Ringing of The Closing Bell® at The New York Stock Exchange

TAMPA, Fla.--(BUSINESS WIRE)--American Integrity Insurance Group (NYSE: AII) (the “Company”, or “American Integrity”) a Tampa-based property and casualty insurance holding company, today announced that the Company will ring The Closing Bell® on the New York Stock Exchange (‘NYSE’) to commemorate its recent initial public offering. Bob Ritchie, Founder and CEO of American Integrity, commented, “We achieved a major milestone in May having successfully listed our shares on the New York Stock Excha...
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Newly Published Health Economics Study Demonstrates In-Office Ear Tube Procedures with Hummingbird TTS Significantly Reduce Healthcare Costs

GOLDEN VALLEY, Minn.--(BUSINESS WIRE)--Preceptis Medical, Inc., a pioneer in pediatric ENT innovation, today announced the publication of a health economic study assessing the financial impact of shifting pediatric tympanostomy tube (ear tube) placement from operating room to in-office settings. The analysis, published in the Journal of Medical Economics, demonstrates significant cost savings potential for Commercial and Medicaid health insurance payers that provide access to in-office ear tube...
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AM Best Revises Issuer Credit Rating Outlook to Positive for Florida Family Insurance Company and Its Subsidiary

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb” (Good) of Florida Family Insurance Company and its subsidiary, Florida Family Home Insurance Company, which together make up the two pool members of Florida Family Group (Florida Family). The outlook of the FSR is stable. Both companies are domiciled in Bonita...
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MetLife Investment Management Names Brian Funk President

WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it has named Brian Funk its president. Funk previously served as interim president and global head of Private Capital for MIM. Funk will be responsible for delivering investment performance and client growth to expand MIM’s $616.9 billion in total assets under management (AUM).1 This includes integrating PineBridge Investments, a gl...
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AM Best Afirma Calificaciones Crediticias de El Roble, S.A.

CIUDAD DE MÉXICO--(BUSINESS WIRE)--AM Best ha afirmado la Calificación de Fortaleza Financiera (FSR, por sus siglas en inglés) de A- (Excelente) y la Calificación Crediticia de Emisor (ICR, por sus siglas en inglés) de Largo Plazo de “a-” (Excelente) de Seguros El Roble, S.A. (El Roble) (Guatemala). La perspectiva de estas Calificaciones Crediticias (calificaciones) es positiva. Las calificaciones de El Roble reflejan la fortaleza de su balance, la cual AM Best evalúa como la más fuerte, así co...