As of the date of this Current Report, the Company updates and supplements the risk factors disclosed in its Annual Report on Form 10- K for the fiscal year ended December 31, 2022 filed with the SEC on March 3, 2023, as supplemented and updated by the risk factors disclosed in the Company's Quarterly Reports on Form 10- Q for the quarterly periods ended March 30,…
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An additional 5 million more people signed up for coverage through the Affordable Care Act Marketplace for coverage this year compared to 2023.. The Centers for Medicare and Medicaid Services announced earlier this month that more than 20 million people had already signed up for health insurance through the Marketplace, breaking the previous high for a…
PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. will issue its fourth quarter 2023 financial results after the market closes on Wednesday, March 6, 2024. Hamilton is a Bermuda- headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Investor contacts Jon Levenson and…
–Univest Financial Corporation, parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended December 31, 2023 was $16.3 million, or $0.55 diluted earnings per share, compared to net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended…
–Arthur J. Gallagher& Co. announced that its Board of Directors declared a sixty cents per share quarterly cash dividend on the company's common stock, a $0.05 increase over the prior quarter's dividend. Arthur J. Gallagher& Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.
RLI Corp.– RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million, compared to $97.8 million for the fourth quarter of 2022. Underwriting income of $59.8 million on a combined ratio of 82.7. 13% increase in gross premiums written. Favorable development in prior years’ loss reserves resulted in a $12.5 million net increase in underwriting income….
W. R. Berkley Corporation today reported its fourth quarter and full year 2023 results. Return on equity of 23.6%. Book value per share grew 11.6%, before dividends and share repurchases. Record net investment income of $313.3 million driven by 52.9% increase in the core portfolio. Net premiums written growth increased to 12.0%. The current accident year…
Are spouses who have not worked outside the home eligible for Medicare benefits? I have worked most of my adult life, but my wife has been a mother and homemaker since we got married and hasn't held an income-producing job since she was in college. Will she be eligible for Medicare?
NASHVILLE– The Tennessee Department of Commerce& Insurance proudly announced the return of over $17.45 million to Tennesseans through mediation and restitution efforts in 2023.. "TDCI's Consumer Insurance Services team has worked tirelessly on behalf of Tennessee consumers in 2023, and I congratulate them for their record-breaking work," said TDCI…
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of El Aguila, Compañía de Seguros, S.A. de C.V.. Concurrently, AM Best has affirmed the Mexico National Scale Rating of“ aaa.MX” of El Aguila with a stable outlook. El Aguila was established in Mexico in 1994 and is a…
140 years agoIn 1884: Dan Riley and Henry Anderson will manufacture brick next summer.— The Rice Lake Lumber Co. has built a fine new road from north of Rice Lake to Long Lake. 120 years agoIn 1904: Rice Lake Mutual Fire Insurance Co. directors had their annual meeting.— The Board of Education deeded part of the high school grounds to the new Carnegie Library.— The…
—New Jersey's Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the presence of the virus did not constitute the kind of“ direct physical loss or damage” required for such a payout. The case involved the Ocean Casino Resort's…
January’ s Best’ s Review includes the following exclusive rankings:. Property/Casualty Companies– 2024 Edition Ranked by 2022 gross premiums written. Ranked by 2022 total admitted assets. Ranked by 2022 policyholders' surplus. U.S. Property/Casualty– 2022 Direct Premiums Written by Line– 2024 Edition Top 20 P/C Managing General Agents– 2024 Edition Ranked by…
The former Congressman from Clarence, who was imprisoned in 2020 for insider trading, was the subject of a big takeout in this weekend's Washington Post Style section focusing on Collins' life in Florida after his pardon by President Donald Trump. Convicted for insider trading, Chris Collins got a pardon from Trump and found warm refuge in Florida— where crime is…
The difference is that knee surgery is covered by insurance, while infertility treatment— in California, at least— is not, placing it out of reach for many who must pay out of pocket for this healthcare. Connecticut, Maryland, Massachusetts and Rhode Island have mandated infertility benefits since the 1980 s. So why is California— a state that prides itself on being a…
EVENT: Senate Banking, Housing and Urban Affairs Committee full committee hearing on "Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions." WITNESS: Michael Hecht, president and CEO of Greater New Orleans, Inc.; Steve Patterson, mayor of the City of Athens, Ohio; and Daniel Kaniewski, managing director for…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Nova Casiopea Re S.A.. NCRe operates as a single parent captive of Telefónica, S.A., a multinational broadband and telecommunications provider based in Spain with operations in Europe, as well as in North, Central and South Americas. NCRe benefits from…
–Northwestern Mutual, a leading financial services company, is proud to announce P.J. McDaniel has joined St. Louis- based Socium Advisors as the firms first Chief Growth Officer. "We at Socium are thrilled to welcome P.J. to Socium Advisors, Northwestern Mutual and our team," said Scott Underwood, Founder and CEO of Socium Advisors. Most recently, McDaniel was a…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Ocean International Reinsurance Company Limited. Ocean Re is a Barbados- based reinsurer, licensed as a Class 2 insurance company, which offers a diversified product mix worldwide with a relevant presence in…
