CHICAGO- July 27, 2023- Old Republic International Corporation today reported pretax income, excluding investment gains, of $227.3 for the quarter and $450.3 for the first six months of 2023. Title Insurance results declined in both periods, affected by higher mortgage interest rates. General Insurance pretax operating income rose 33.6% for the quarter and…
Newswires
An insurance company engineered a record-setting medical malpractice judgment against an Iowa clinic as part of a successful scheme to have state lawmakers approve tort-reform legislation this year, according a court filing by the clinic's lawyers. The award, believed to be the largest medical malpractice judgment in Iowa history, was later reduced to…
Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.
Second quarter AEBITDA of $27 million was well ahead of our forecast, posting a decline of only 7% YoY despite the challenging revenue environment across all three business segments. Healthy margins in our Insurance and Consumer segments, along with faster realization of previously announced savings drove the upside. We are thrilled to share that Scott…
–GoHealth, Inc., a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will release its second quarter 2023 financial results on the morning of August 10, 2023. Chief Executive Officer, Vijay Kotte, and Chief Financial Officer, Jason Schulz, will host a conference call and live audio webcast on the day of…
With the average rate on a 30- year fixed-rate mortgage currently sitting at 6.8%, the highest level since November 2022, 1 and costs for everything from home insurance to maintenance and repair to groceries still elevated, mortgage servicer customers are feeling strained. According to the J.D. Power 2023 U.S. "The past year has been an incredibly challenging…
Old Republic International Corporation today reported pretax income, excluding investment gains, of $227.3 for the quarter and $450.3 for the first six months of 2023. Title Insurance results declined in both periods, affected by higher mortgage interest rates. General Insurance pretax operating income rose 33.6% for the quarter and 34.6% for the first…
Cambridge Mobile Telematics, the world's largest telematics service provider, today announced the first analysis of the hands-free law enacted in Alabama on June 16, 2023. The new data shows a 2.4% reduction in distracted driving one month after Alabama Governor Kay Ivey signed a bill prohibiting drivers from handling their phones while driving.
The financial markets are in their most boring summer days as I write this column. Even news about unemployment and interest rates doesn't seem to rock the stock market. The long-awaited recession appears elusive, and inflation appears to be waning.
First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2023. Earnings per diluted share of $1.33, or $1.35 per share on an adjusted basis Total revenue of…
Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.
–Donegal Group Inc. and today reported its financial results for the second quarter and first half of 2023.. Net income of $2.0 million, or 6 cents per diluted Class A share, compared to net loss of $8.2 million, or 26 cents per Class A share Net premiums earned increased 5.9% to $216.3 million Net premiums written 1 increased 3.7% to $226.5 million Combined ratio of…
British billionaire Joe Lewis pleaded not guilty to charges of insider trading in the United States. The lawyer representing him, David Zornow, stated: " Mr Lewis an 86- year-old man of impeccable integrity and prodigious accomplishment. In a statement the US Securities and Exchange Commission said: "Today we charged investor Joseph C. Lewis for illegally…
Ominous ads about prescription drugs flood the TV airwaves. Perhaps by design, it's not always clear who' s sponsoring the ads or why. There are about 70 PBMs in the U.S. Through mergers, three of them— CVS Caremark, Optum Rx and Express Scripts— control 80% of the prescription drug market, and each brings in tens of billions of dollars in revenue annually.
Jimmy Patronis, Florida's "chief financial officer," said that Farmers Insurance pulled out of Florida not because was losing money there but because the company was "woke." Because it is undeniable that losses are what's driving some property insurers out of Florida, mostly due to massive flooding. And this problem is hardly limited to Florida.
Jimmy Patronis, Florida's "chief officer," said that Farmers Insurance pulled out of Florida not because was losing money there but because company was "woke." "Because it is undeniable that losses are what's driving some property insurers out of Florida, mostly due to massive flooding. And this problem is hardly limited to Florida.
Medicaid, which provides low-income Americans with health insurance coverage, currently excludes large numbers of adults over 65 with social, health and financial profiles similar to those of people the program does cover. We analyzed data from the 2018 Health and Retirement Study, a large national survey of older adults conducted by the Institute for…
Jimmy Patronis, Florida's "chief officer," said that Farmers Insurance pulled out of Florida not because was losing money there but because company was "woke." "Because it is undeniable that losses are what's driving some property insurers out of Florida, mostly due to massive flooding. And this problem is hardly limited to Florida.
NOTICE OF FORECLOSURE SALE 22 SP 8 Under and by virtue of the power of sale contained in a certain Deed of Trust made by Jeffery B. Cabe to Fidelity National Title Insurance Company, Trustee, dated April 27, 2013, and recorded in Book No. 328, at Page 14 in Graham County Registry, North Carolina, default having been made in the payment of the promissory note secured by…
