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Article 0 Comments AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action are State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas. State Farm Mutual and the two affiliates are collectively referred to as State Farm Group. While the revised ratings no longer have two pluses following the A, the A+ ratings are still considered “superior” in AM Best’s rating methodology. AM Best also downgraded the long-term issuer credit ratings of these companies to “aa” (Superior) from “aa+” (superior), taking the same actions on the members of State Farm Life Group. The outlook on the State Farm Group and State Farm Life Group ratings is now stable, revised from negative. AM Best has also taken ratings actions on separate property/casualty subsidiaries of State Farm Group, mainly affirming ratings but changing rating outlooks on some. Among the subsidiaries included in these actions is State Farm’s California homeowners insurer, State Farm General Insurance Company, which carries the lowest ratings. AM Best has affirmed the FSR...
By Jay D’Aprile, Executive Vice President, Slayton Search Partners — As customer journeys become more complex and the lines separating products and practices continue blurring, many insurers are integrating their coverage into non-traditional purchase experiences: an approach known as embedded insurance. With a projected CAGR north of 35% and growth from $13B to over $70B in gross written premiums between now and 2030, embedded insurance could be an industry-wide transformational shift. Alternatively, it could be one of many hype cycles and fizzle out in the near term. This article will help to determine which scenario is more plausible, and which course you should pursue. Key Takeaways Embedded insurance is more than hype, but not without risks. While the market potential is significant, success depends on balancing investments with realistic growth expectations. Technology and talent are the critical enablers. Modern platforms, APIs, and AI capabilities must be paired with leaders who can bridge insurance, digital, and partnership strategies. Clear strategy determines long-term advantage. Companies that address regulatory, trust, and distribution challenges head-on will be best positioned to turn embedded insurance into a competitive differentiator. What Is Embedded Insurance? Embedded insurance is the seamless integration of insurance coverage into non-insurance products or...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments The registration deadline for the current round of Louisiana Fortify Homes Program (LFHP) grants has been extended to 5 p.m. on Thursday, Nov. 20, due to the national Cloudflare outage on Tuesday, the Louisiana Department of Insurance said. Homeowners who wish to be included in the lottery must register to participate in this and future rounds, even if they have registered for a prior grant round. Participants must create a profile on the LFHP website by clicking the Login button. Homeowners who previously created a profile may use the same one for this and future rounds. After creating and logging into their LFHP profile, homeowners must register during the registration period to participate in the lottery. There are 1,000 grants available in this round, which is limited to residents of Louisiana’s Coastal Zone and of Lake Charles, Sulphur and Westlake. If selected to participate, homeowners will be financially responsible for all costs beyond the full grant amount including evaluation fees for the evaluation process according to prices set by the Evaluator. Those interested in the program are encouraged to review eligibility information, homeowner responsibilities and other important information at fortifyhomes.la.gov to determine whether they meet program requirements....
New cyber intrusion detection system for on-orbit assets launched on the Deloitte-1 satellite in March New York, NY (Nov. 1, 2025) – Satellites orbiting the earth are essential to our daily lives. From food production and navigation to communications and national security, we depend on data and services delivered from space. Yet many of these satellites lack basic cyber defenses, making them easy targets for criminal organizations and bad actors. To help protect government and commercial operations, Deloitte has engineered, built and launched Silent Shield, a new system to detect cyber intrusions and anomalies – and alert clients in near real time. “Silent Shield can be a critical tool for clients seeking to understand and manage the risks to their missions, strengthen their cyber resiliency and protect against evolving cyber threats,” said Brett Loubert, leader of Deloitte’s U.S. Space practice. “Silent Shield analyzes data, proactively detects abnormal activity that threatens a satellite’s ability to function and helps protect the services we’ve all come to rely on.” Deloitte’s engineers developed Silent Shield’s technology and spent the last several months testing it in space. “Deloitte-1,” the satellite equipped with Silent Shield, was launched into orbit from Vandenberg Space Force in March 2025....
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker. California Superior Court Judge Peter Borkon late on Friday ruled that the 2017 lawsuit could not move forward as a class action because lawyers for the plaintiffs were unable to find 200 class members willing to testify ahead of a trial scheduled for 2026. Borkon said he could not trust that the experiences of a smaller sample of workers could be applied to the entire class. A different judge had certified the class in 2024, but Borkon said that was based on the belief that a trial in the large-scale case would be manageable. Tesla and lawyers for the plaintiffs did not immediately respond to requests for comment on Monday. The company has said that it does not tolerate workplace harassment and that it has fired employees who were engaged in racial misconduct. The named plaintiff, former assembly-line worker Marcus Vaughn, alleged that Black workers at the Fremont, California factory were subjected to a range of racist conduct...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
