AM Best Affirms Credit Ratings of Oxford Life Insurance Company and Its Subsidiaries

OLDWICK, N.J.–(BUSINESS WIRE[1])–AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ), and its subsidiary, Christian Fidelity Life Insurance Company (Dallas, TX), which are collectively referred to as Oxford Group. The outlook of these Credit Ratings (ratings) is positive....

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AM Best Maintains Under Review With Negative Implications Status for Universal Life Insurance Company Following Arbitration Award

OLDWICK, N.J.–(BUSINESS WIRE[1])–AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Universal Life Insurance Company (San Juan, PR) (Universal Life) following a reinsurance arbitration award. This Credit Rating (rating) action reflects a continuation of the under review with negative implications status...

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Federal Life Insurance Company Selects DXC Technology to Enhance Policy Buying Experience for Customers and Agents

TYSONS, Va.–(BUSINESS WIRE[1])–Federal Life Insurance Company, based in Riverwoods, IL just northwest of Chicago, has gone live with DXC Assure for Life and Wealth to enhance the policy buying experience for their customers and agents, streamline key processes, and drive business growth. DXC’s solution is built on a scalable, cloud-based architecture, implemented on Amazon Web Services (AWS), and provided to...

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MetLife Provides Relief to Auto Insurance Customers

WARWICK, R.I.–(BUSINESS WIRE[1])–Recognizing the economic hardship caused by the COVID-19 pandemic, MetLife is taking action to help its customers during this challenging time. The company’s property and casualty business, MetLife Auto & Home®, is providing financial relief, preserving coverage in the event of missed payments, and processing claims remotely to ensure social distancing. “Being there for our customers when they...

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