AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Journey Insurance Company (Journey) (St. Petersburg, FL). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Journey’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Journey is majority owned by United Insurance Holdings Corp. (United) [NASDAQ: UIHC]. Journey was created in 2018 to take advantage of market opportunities within Florida, Texas and South Carolina, specifically regarding property coverage. The company’s balance sheet strength assessment is influenced by the infusion of significant capital intended to support its growth as it relates to underwriting, credit and investment risks. United provides strategic administration and operational support as it pertains to underwriting, ERM, claims, leadership and other functions. The ratings and outlooks consider the substantial support and proven track record of United.

Maintaining the ratings and outlooks at current levels will depend on successful execution of development plans as communicated by management, efficient use of strategic business partnerships, and effective management of Journey’s catastrophe exposure, which will grow as the company expands. Initial operations were delayed somewhat, as management made the strategic decision to pivot from the use of legacy systems to newer platforms; however, growth in the current period is in line with expectations.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to

Life insurance fraud is a black eye on both life insurance corporations and life insurance clients. The comprehensive intervention mannequin focuses on offering the very best quality of care for every affected person by compiling info on quite a few methods and coverings; however with the present pressure to reform US health care and contain its prices, the model needs to discover a manner to supply care whereas reducing costs.

Since globalization of the health business is presently in process, physicians from around the globe are taking part in medical missions” to less developed international locations to manage medical care. Additionally private insurance carriers act in some nations in a complimentary manner to cover such medical companies which aren’t lined below the governments’ plans, corresponding to cosmetic treatments.

Servicers are billing for insurance policies that price as a lot as 10 instances as much as common homowners insurance. Different folks have skilled the irritating reality of paying their premiums for years solely to discover after they or a coated family member become ailing that the insurance supplier won’t cover the necessary treatments.

My mother for instance was at one time an unlawful who is now an American citizen who’s been paying taxes for 40 years and I who came after her on the age of 14 as an alien who turned a citizen by no means cease working for greater than a 12 months ever sense i’ve been right here.

In two articles (Snyder et al., 2011; Segouin et al. 2005), a growing development in the well being industry is medical tourism, when patients travel to other countries to receive medical care. However you’ve much less money now to replace your broken personal property.…