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AM Best Revises Outlooks to Stable for Southern Farm Bureau Casualty Group

Article 0 Comments AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Southern Farm Bureau Casualty Insurance Company, Colorado Farm Bureau Insurance Company (Colorado Farm Bureau) (both of Ridgeland, MS), Louisiana Farm Bureau Casualty Insurance Company (Baton Rouge, LA) and Mississippi Farm Bureau Casualty Insurance Company (Jackson, MS). In addition, AM Best has removed from under review with positive implications and upgraded the FSR to A (Excellent) from B (Fair) and the Long-Term ICR to “a” (Excellent) from “bb” (Fair) of Arkansas Farm Bureau Insurance Company (Ridgeland, MS), formally Farm Bureau Mutual Insurance Company of Arkansas, Inc. The outlook assigned to these Credit Ratings (ratings) is stable. These companies are collectively referred to as Southern Farm Bureau Casualty Group. The ratings reflect Southern Farm Bureau’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. AM Best said the revised outlooks reflect Southern Farm Bureau’s improved operating performance through 2024, and continued through year-to-date 2025. Results earlier in this five-year period were...

SUPERAGENT AI Fully Replacing Traditional Insurance Agents with Autonomous AI Agents by Year-End 0

SUPERAGENT AI Fully Replacing Traditional Insurance Agents with Autonomous AI Agents by Year-End

San Francisco, CA (Aug. 12, 2025) — In a provocative step that signals a seismic shift in the insurance landscape, SUPERAGENT AI, the San Francisco–based InsurTech innovator, has announced its ambitious goal to launch the first fully autonomous AI Insurance Agent by the end of 2025. This groundbreaking AI promises to handle every aspect of insurance advisory, sales, and customer service, around the clock, and more efficiently than traditional agents. SUPERAGENT AI’s bold claim sets the stage for intense industry debate, asserting that AI-driven insurance agents will outperform human counterparts in accuracy, responsiveness, and customer satisfaction. The company predicts that within the next year, traditional insurance agent roles will drastically evolve or risk obsolescence. “We’re not just reshaping insurance; we’re redefining what it means to be an insurance agent,” said Milan Veskovic, CEO of SUPERAGENT AI. “Our fully autonomous AI agents will eliminate human error, offer superior client interactions 24/7, and fundamentally alter industry expectations.” While this radical transformation unfolds, SUPERAGENT AI is rolling out powerful interim solutions designed to prepare insurance agents for seamless AI integration while delivering measurable gains today. The first flagship offerings, BOOT|camp and LIVE|assist, will debut publicly in September 2025. Together they cut new-hire ramp-up...

Global Active Cyber Insurance Leader Coalition Launches in France 0

Global Active Cyber Insurance Leader Coalition Launches in France

With Capacity Provided by Allianz, Active Insurance is Now Available to Businesses up to €1 Billion in Revenue on a Primary Basis Paris, France (Aug. 20, 2025) — Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, is pleased to announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. French companies with revenues of up to €1 billion can now access innovative cyber risk management and cyber insurance coverage on a primary basis. Capacity is provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) in a multi-year agreement. “Coalition’s Active Insurance combines comprehensive cyber insurance with internal technical cybersecurity knowledge, technologies, and services for a completely integrated approach to risk,” commented Tine Simonsen, Coalition’s Head of Insurance, Continental Europe. “As global cyber threats grow, French businesses – small businesses especially – need an experienced and innovative insurance provider that not only helps mitigate financial losses, but also equips them with the cybersecurity tools necessary to better understand their risks, strengthen their defenses, and prevent future attacks.” Coalition’s integrated approach to cyber risk management combines some of the most comprehensive coverage available on...

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‘Urgent Action’ Needed to Protect Workers From Heat Stress in Warming World: UN

Article 0 Comments Governments and employers should take urgent action to help protect the health of workers who are increasingly exposed to extreme heat, the United Nations said on Friday. Climate change is making heatwaves more common and intense, and workers worldwide are already experiencing the health impacts, the agencies said in what they described as a “much needed” major update of a report and guidance last published in 1969. Worker productivity drops by 2-3% for every degree above 20°C, the report said, with half of the world’s population already suffering the adverse consequences of high temperatures. The health risks include heatstroke, dehydration, kidney dysfunction and neurological disorders, said the World Health Organization and the World Meteorological Association. Manual workers in sectors like agriculture, construction and fisheries, as well as vulnerable populations like children and older adults in developing countries, were particularly at risk, they added. “Protection of workers from extreme heat is not just a health imperative but an economic necessity,” said WMO Deputy Secretary-General Ko Barrett. In response, the agencies called for heat action plans tailored to regions and industries, developed alongside workers, employers, unions and public health experts. Unions in some countries have pushed for maximum legal...

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10 Medicare Truths That Can Trip Up Clients, Advisors

/ 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.

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Christine Benz: 9 Risks and Opportunities for Investors

/ 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.

AccèsConseil joins Ellipse Insurance 0

AccèsConseil joins Ellipse Insurance

Trois-Rivières, QC (Aug. 11, 2025) – Ellipse Insurance is proud to announce the acquisition of AccèsConseil Assurances et services financiers (AccèsConseil), a well-established insurance firm serving the Greater Québec City area and the Côte-Nord region. This strategic move represents a major milestone in Ellipse Insurance’s growth strategy. “AccèsConseil is a prominent firm that opens the door to new regions of Québec. Their team’s deep expertise and strong regional presence will enrich our vision and broaden our reach to the benefit of our clients”, said Patrice Jean, President of Ellipse Insurance. Catherine Mainguy, President and CEO of AccèsConseil, expressed her enthusiasm about the partnership: “After meeting with Patrice and his leadership team, it quickly became clear that we share the same values and vision. Together, we are well-positioned to bring our shared vision of an innovative insurance firm to life.” As part of the integration, Catherine Mainguy and Guy Duchesne, Vice President of Insurance and Director of Major Accounts, will join Ellipse Insurance’s managerial team and play an active role in driving the firm’s continued growth. This acquisition strengthens Ellipse Insurance’s footprint in Eastern Québec. AccèsConseil’s clients will continue to receive the same high-quality, personalized service they’ve come to expect —...

Ai Insurance Organization Launches InsureMB in Strategic Partnership with MB Group 0

Ai Insurance Organization Launches InsureMB in Strategic Partnership with MB Group

Oakville, ON (Aug. 5, 2025) – Ai Insurance Organization is pleased to announce the official launch of InsureMB, a new commercial insurance division formed in partnership with Mansoor Brothers Enterprises (MBE)—a diversified Canadian business group with a strong footprint in nationwide business solutions. Led by partners Abbas Raza and Hasan Jamal, MB Insurance will provide tailored risk management and insurance solutions for entrepreneurs, professional services firms, and growth-stage businesses across Canada. The division is now operational under the domain www.insure-mb.com, with a focus on personal property and casualty as well as key commercial lines supporting small and growing businesses. “InsureMb was built to meet the evolving needs of business clients looking for practical, responsive insurance advice,” said Abbas Raza, Co-Founder. “Our collaboration with Ai Insurance gives us access to Canada’s top carriers and the infrastructure to deliver consistently at a high level.” Hasan Jamal, Co-Founder, added: “We’ve long believed in empowering our clients with forward-thinking, integrated business services. With InsureMb, we’re taking that vision further—adding real value at every stage of the client journey.” The launch of InsureMb aligns with Ai Insurance Organization’s broader strategy to scale its Managing Partners Program, which offers high-performing producers and business leaders the ability...

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Markets/Coverages: Willis Launches Global Digital Automatic-Follow Facility

Article 0 Comments Willis, a WTW business, announced the launch of Gemini, the first digital facility designed to deliver sustainable capacity locally to clients across their insurance portfolios. This solution is designed to address the increasing complexity of risk and market volatility, providing clients with greater confidence in outcomes, even in challenging conditions, Willis said. “Gemini represents a significant advancement in our ability to support clients with robust and reliable capacity,” said Simon Delchar, global head of Placement at Willis. “Gemini is supported by Lloyd’s syndicates and follows the local lead market for coverage, claims and premium, but with a discount of 2.5% on lead pricing,” Delchar added. “Gemini is delivered via the Willis Broking Platform, which will automatically offer capacity of up to 12.5% of whole to all in scope placements as soon as the lead line is negotiated.” Key features of Gemini include: Backed by “A+” AM Best-rated Lloyd’s syndicates. Competitive pricing offering clients a guaranteed discount. Substantial capacity available for any in scope risk, regardless of complexity. Automatic approval to follow lead quotes, enabling quick deployment of capacity. Reduced complexity in claims management by following lead claims settlements. Dedicated, pre-arranged, stable capacity, building confidence with year-to-year program...