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HEALTH INSURANCE CEO CAN’T COMMIT TO SAFE AI PRACTICES IN CONGRESSIONAL HEARING – Insurance News

The following information was released by the office of Illinois Rep. Robin Kelly: Today, U.S. Rep Robin Kelly (IL-02), member of the Energy and Commerce Health Subcommittee, forcefully questioned UnitedHealth Group CEO Stephen Hemsley over his company's authorization process. Over the last five years,...

Optimum Global Insurance Company Exits Territorial Market

Lieutenant Governor Tregenza A. Roach, Esq. announces that the Division of Banking, Insurance, and Financial Regulation has received notice from Optimum Global Insurance Company that it will no longer offer its individual health insurance business in the United States Virgin Islands. Policy holders...

AIG names Neil Smallcombe President of Lexington Insurance Company

Global insurer American International Group (AIG) has announced the promotion of Neil Smallcombe as President, Lexington Insurance Company, the firm’s U.S. surplus lines insurer. In his new role, Smallcombe will leverage his over two decades of industry experience to lead Lexington’s A&E, Casualty, Healthcare...

Montana BCBS claims insurance commissioner targeting it because of data breach

The largest health insurance company in Montana is fighting against the Montana Commissioner of Securities and Insurance as state officials push to find...

Gryphon Holdings Acquiring PrimeOne Insurance Company

Gryphon Holdings has entered into an agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. With PrimeOne, Gryphon’s integrated platform...

AM Best Affirms Credit Ratings of Family Guardian Insurance Company Limited and FamGuard Corporation Limited

AM Best Affirms Credit Ratings of Family Guardian Insurance Company Limited and FamGuard Corporation Limited AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Family Guardian Insurance Company Limited (Family...