Mutual

AM Best Revises Outlooks to Positive for Members of Kansas Medical Mutual Group

Health Insurance /
AM Best Revises Outlooks to Positive for Members of Kansas Medical Mutual Group

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Kansas Medical Mutual Insurance Company and its subsidiary, KAMMCO Casualty Company, Inc. These companies are collectively referred to as Kansas Medical Mutual Group or the group. […]

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AM Best Revises Outlook to Positive for Michigan Millers Mutual

Health Insurance /
AM Best Revises Outlook to Positive for Michigan Millers Mutual

AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lansing, Michigan. Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior)

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Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership

Auto Insurance /
Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership

Mutual of Enumclaw Hires New Executives David Guthrie Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Hem Chari Guthrie has more than 25 years of leadership experience in the insurance industry, including executive roles at Kemper, Nationwide and Allstate. He

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Liberty Mutual Improves Most Among Nationals; Discipline Tested

Life Insurance /
Liberty Mutual Improves Most Among Nationals; Discipline Tested

A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 insurers. Among the group, made up of carriers who reported their results publicly via press releases or conference calls, two-thirds had

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Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover

Health Insurance /
Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover

Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution regional shaking data available globally, provided by Safehub. At the core of this product is

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Mutual Fund to ETF Conversions Surge

Real Estate Buying & Selling /
Mutual Fund to ETF Conversions Surge

(Bloomberg) — Mutual funds are bleeding assets anew, just as their ETF cousins break fresh records. Now, firms from Lazard to Aberdeen Group Plc. are pushing to convert traditional funds into exchange-traded ones, even as regulators look poised to bless a structure that would allow both to coexist in peace. The number of mutual funds being converted into ETFs

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Missouri’s Mutual Insurance Companies Report Stronger Results in 2024

Health Insurance /
Missouri’s Mutual Insurance Companies Report Stronger Results in 2024

The Missouri Department of Commerce and Insurance (DCI) announced the state’s mutual insurance companies reported a considerable reduction in net losses from $17.7 million in 2023 to just $4.8 million in 2024. In 2024, mutuals managed 205,000 policies representing more than $61 billion in gross in-force coverage, according to DCI. DCI approved the Missouri Mutual

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