A heartbreaking case involving a South Carolina bride killed hours after her wedding by an alleged drunken driver last year recently took a dramatic turn. Right now, bars, restaurants and venues that serve alcohol in South Carolina are being driven out of business by rising liquor liability insurance rates. South Carolina legislators must step in to protect…
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Enhabit, Inc., a leading home health and hospice provider, today announced that Institutional Shareholder Services has recommended stockholders vote“ FOR” a majority of Enhabit’ s director nominees in connection with the Company’ s Annual Meeting of Stockholders scheduled for July 25, 2024. Enhabit’ s definitive proxy materials and other materials regarding…
Paramount Group, Inc. announced today that it will file its quarterly report on Form 10- Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the end of trading on the New York Stock Exchange. An audio replay of the conference call will be…
RLI Corp.– RLI Corp. announced today that RLI Insurance Company has been named to Ward’ s 50 ® top-performing insurance companies list for the 34 th consecutive year. "RLI is honored to receive this recognition for the 34 th consecutive year," said RLI Corp. President& CEO Craig Kliethermes. RLI Corp. is a specialty insurer serving niche property, casualty and…
Universal Insurance Holdings, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable August 9, 2024 to shareholders of record as of the close of business on August 2, 2024. Universal Insurance Holdings, Inc. is a holding company providing property and casualty insurance and…
Global Indemnity Group, LLC, announced today that it will release its second quarter 2024 earnings before market open on Wednesday, August 7, 2024. About Global Indemnity Group, LLC and its subsidiaries. Global Indemnity Group, LLC, through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted…
Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to the latest forecasting report– Insurance Economics and Underwriting Projections: A Forward View– from the Insurance…
The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’ s interest-rate policy and the moves in the 10- year Treasury yield, which lenders use as a guide for pricing home loans. “Following June’ s jobs report, which showed a…
Word& Brown General Agency Senior Director of Education and Market Development Paul Roberts, REBC, has been selected to join the National Association of Benefits and Insurance Professionals 2024-2025 National Legislative Council. An expert in group health insurance administration, Paul will serve as a regional legislative liaison for NABIP’ s Region 8,…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Thaire Life Assurance Public Company Limited. The outlook of these Credit Ratings is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’ s interactive rating process.
Doug Guzman to become Deputy Chair, RBC Neil McLaughlin to become Group Head, RBC Wealth Management Erica Nielsen to become Group Head, RBC Personal Banking Sean Amato-Gauci to become Group Head, RBC Commercial Banking Jennifer Publicover to become Group Head, RBC Insurance Personal& Commercial Banking to become two standalone business segments: Personal…
New Energy Risk, a wholly-owned division of Paragon Insurance Group, today announces the release of its annual Sustainability Report. “As of the date of this report we have supported over $4 billion of investment, accelerating the deployment of impactful technologies and helping shape a more sustainable future,” said NER CEO Tom Dickson.“ Investors, technology…
—U.S. stocks are sticking near their records after the latest update on inflation bolstered Wall Street’ s belief that some relief on interest rates will come as soon as September. Treasury yields tumbled in the bond market as traders built bets for the Federal Reserve to soon begin lowering its main interest rate. Wall Street shifted from small gains to losses…
Deductibles range from an average of $1,500 to $7,000 per year if the patient is enrolled in a high deductible plan. Californians living with hemophilia face treatment costs that may exceed $50,000 per year, yet many can’ t afford a $50 copay. Research shows that nearly 70% of patients in commercial health plans won’ t start treatment at all if the out-of-pocket…
AM Best will participate in the Agricultural& Applied Economic Association’ s annual meeting, which will be held July 28-30, 2024, in New Orleans. AM Best Associate Director Connor Brach will give a presentation on agricultural risk management and the U.S. crop insurance industry’ s role in helping farmers mitigate the impact of extreme weather events.
MONTEREY, Calif.& SAN MATEO, Calif.—- Capital Insurance Group ®, a leading regional property and casualty insurer in the western U.S., and Guidewire announced that CIG successfully migrated Guidewire InsuranceSuite onto Guidewire Cloud to power core operations, simplify IT operations, and quickly adapt to changing market demands. The company is a member of…
Florida has purged more than 1.8 million patients from its Medicaid rolls since April of last year, though the case centers on only those who lost coverage because they were determined to be ineligible due to their incomes exceeding Florida’ s strict limits. “We know that people who receive Medicaid in Florida have historically struggled with bureaucratic…
—Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. In a better-than-expected report, consumer prices declined 0.1% from May to June after having remained flat the previous month, the Labor Department said…
2024 JUL 10– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a patent application by the inventor Kimishima, Masato, filed on December 21, 2023, was made available online on June 20, 2024. No assignee for this patent application has been made. Reporters obtained the…
