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Portfolio Insurance Companies and the Updated Beneficial Ownership Regime | Conyers

The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”), Beneficial Ownership Transparency Regulations, 2024 (the “BOT Regulations”) and the Guidance on Complying with Beneficial Ownership Obligations in the Cayman Islands (the “BOT Guidance”) all came into force on 31 July 2024, with enforcement...

Some retired OH authorities say health insurance company not paying their claims

MADISON VILLAGE, Ohio — Some retired police and firefighters around Ohio said Thin Blue Line Benefits, a health insurance company, is charging them premiums but not paying their bills. Several patients reached out to the News 5 tipline, so we looked into the...

North Carolina drivers could soon pay more for car insurance. Here’s why

KITTY HAWK, N.C. — Drivers in North Carolina could see some kind of increase on their auto insurance rates this year.Auto insurance companies are seeking a 22.6% average increase statewide. The North Carolina Rate Bureau recently put in the request to the North...

AM Best Affirms Credit Ratings of Factory Mutual Insurance Company and Its Subsidiaries – Insurance News

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 ICRs) of “aa” (Superior) of Factory Mutual Insurance Company (Johnston, RI) and its subsidiaries, which are collectively referred to as FM...

DCCA urges residents to review insurance policies

The Hawaii Department of Commerce and Consumer Affairs Insurance Division is encouraging Hawaii residents to review and understand their insurance coverages and deductibles as communities continue to recover from last week’s heavy rains and strong winds. What You Need To Know The DCCA says many...

California’s insurance crisis leaves neighbors facing unequal recovery after wildfires

SACRAMENTO, Calif. -- Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses.“I chose an old home in an old neighborhood because it has soul,” said Hamlin, a 51-year-old...