Latest news with #ChristopherLewis
Yahoo
10-06-2025
- Business
- Yahoo
AM Best Withdraws Credit Ratings of FCCI Commercial Insurance Company and FCCI Advantage Insurance Company
OLDWICK, N.J., June 10, 2025--(BUSINESS WIRE)--AM Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) of FCCI Commercial Insurance Company and FCCI Advantage Insurance Company as these companies no longer operate as insurance companies. At the time of the withdrawal, the outlooks of these Credit Ratings (ratings) were stable. Both companies are domiciled in Sarasota, FL. AM Best's procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal. However, final ratings could not be determined on these companies due to the absence of insurance licenses and liabilities. 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 Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Christopher Lewis Senior Financial Analyst +1 908 882 2014 Doniella Pliss Director +1 908 882 2245 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Yahoo
19-05-2025
- Yahoo
New Alabama DHR measures hope to cut EBT food theft
MOBILE, Ala. (WKRG) — Officials with the Alabama Department of Human Resources are hoping new security measures will cut down on the theft of food benefits. Thousands of recipients have had their SNAP benefits taken remotely in Alabama in the last year through fraud. DHR officials say SNAP recipients need to use a new online system to lock their account and unlock it whenever they're ready to buy something and lock it again when they're month, we told you about how DHR stopped tracking EBT theft after reimbursement funds to recipients ended in late 2024. DHR officials say the new online account lock feature is another tool in their security toolbox with more to follow later this year. 'This gives a lot of autonomy and security options for the actual user. So it allows them to be to secure their own card,' said DHR Food Assistance Director Brandon Hardin. 'It is one of the tools in our toolbox, and we're going to continue to roll out other features throughout this year. Some are skeptical of the changes and argue DHR isn't focusing on the right problem. Christopher Lewis in Chickasaw receives SNAP benefits after injuries from two vehicle crashes. Christopher Lewis, theft victim: 'I don't think that would help too much at all. I think they really need to update their systems and go to the chip cards,' said Lewis. He says the onus should be on reimbursing the people who were harmed. 'I think it's wrong that they're not reimbursing us. The fraud has been going on for a while now and still nothing's being done about it.' He says someone stole his EBT funds in Texas last month and he couldn't get it back. DHR officials say they'll hopefully start rolling out cards with microchip security in by the end of the year. For more information on locking your EBT account, follow the link here to DHR's news release page. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
