AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a" of Kansas City Life Insurance Company (Kansas City Life). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" of Grange Life Insurance Company (Grange Life) (Columbus, OH). The outlook of these Credit Ratings (ratings) is negative. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" of Sunset Life Insurance Company of America (Sunset Life), as well as Kansas City Life’s final expense life insurance subsidiary, Old American Insurance Company (Old American). The outlook of these...
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AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" to Upstream Life Insurance Company (Upstream) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Upstream’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). As a new company formation, AM Best requires a level of conservatism to be built into initial capital levels, and the very strong balance sheet assessment is based on Upstream’s current risk-adjusted capital level that provides support during...
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latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/pandemic-forces-life-insurers-to-embrace-digitization-transform-business-58908784 content Pandemic forces life insurers to embrace digitization, transform business The life insurance industry is making serious changes to how it does business in a way that some executives say may not have happened without the conditions caused by the COVID-19 pandemic. During S...
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AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa-" of members of Old Republic Insurance Companies (Old Republic). (See below for a detailed list of companies.) Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" of Old Republic Insurance Company of Canada (Old Republic Canada) (Hamilton, Ontario). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of "a+" of Old Republic National Title Insurance Company (Tampa, FL) and American Guaranty Title Insurance Company (Oklahoma City, OK) (collectively referred to as Old Republic Title...
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Fitch affirms, removes PartnerRe from Rating Watch Positive Fitch Ratings has affirmed and removed PartnerRe’s ratings from Rating Watch Positive, including its ‘A-‘ Issuer Default Rating and the ‘A+’ (Strong) Insurer Financial Strength rating of its principal reinsurance operating subsidiary. The Rating Outlook is Negative. Fitch says the Rating Watch Positive reflected the potential for ownership by Covea, a larger property/casualty, health and life insurance business. Fitch views EXOR’s ownership as neutral to PartnerRe’s ratings. PartnerRe’s first quarter results included a modest $18 million in pre-tax losses from event cancellation claims associated with...
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AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Trustmark Insurance Company (Lake Forest, IL) and Trustmark Life Insurance Company of New York (Albany, NY) (collectively referred to as Trustmark Group), as well as Trustmark Life Insurance Company (Lake Forest, IL). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb-" of the holding company, Trustmark Group, Inc. (TGI) (Lake Forest, IL), and the Long-Term Issue Credit Rating of "bb" on $75 million floating rate trust preferred securities ($39 million outstanding), due 2035, issued by Trustmark Finance Trust I. The outlook of these Credit Ratings...
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Consumer Reports: What Insurers Need to Know If you use consumer reports to underwrite insurance policies or screen high-risk applicants, you must comply with the Fair Credit Reporting Act (FCRA). The FCRA is designed to protect the privacy of consumer report information — sometimes informally called “credit reports” — and to guarantee that information supplied by consumer reporting agencies (CRAs) is as accurate as possible. Consumer reports may include information about a person’s credit history, medical conditions, driving record, criminal activity, and even their participation in dangerous sports. Insurer Obligations You must have a permissible purpose before obtaining a consumer...
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AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- of Mutual of America Life Insurance Company (MofA) (New York, NY). The ratings reflect MofAs balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM). Despite the overall favorable assessment, the negative outlooks reflect a recent weakness in MofAs business profile, and the volatility in operating earnings. Risk-adjusted capital and surplus remains at the strongest level, as...
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Best Rated Life Insurance Companies Are you looking for the Best Rated Life Insurance Companies in the U.S.A.? Each year the Insurance Information Institute (III) provides a list of leading carriers to the public to help you choose the right life insurance company. Many people feel more comfortable choosing a highly-rated life insurer that has been in business for many years. You may be familiar with some of the names on this list including Prudential, MetLife, New York Life and Northwestern Mutual. After you review the list below, please request your free, instant life insurance quote comparisons so you can compare the lowest rates from the top life insurance companies. List of The Top...
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Term Life Insurance Company Ratings Explained If you are considering buying life insurance you should also consider the Term Life Insurance Company Ratings before you choose an insurer. Why? Because, the rating of the insurance company you choose is important to you and your family. What is a Financial Rating of an Insurance Company? The Financial Rating is an indicator of the financial strength and ability to pay claims of the insurer. The better the rating, the better the chance your insurer will be able to pay your beneficiary the life insurance claim (death benefit of your policy) if you should die. Who Rates the Insurance Companies? There are several rating services that review and...
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