–Syncora Holdings Ltd. today announced that its wholly owned, New York financial guarantee insurance subsidiary, Syncora Guarantee Inc., has reached an agreement in principle for the settlement of its sole existing claim and related litigation with Lehman Brothers Holdings Inc. and Structured Asset Securities Corporation. About Syncora Holdings Ltd….
Newswires
July 22– CLINTON– Remodeling is underway at Stout’s Irish Pub in Clinton after an unforgettable Fourth of July weekend. Stout’s owner Shane Edwards was rushed to the scene at 2 a.m. July 3, after a call that there had been an electrical fire in Stout’s kitchen. Once they assessed the damage and got the insurance companies involved, Edwards and his staff began…
Kroll Bond Rating Agency assigns preliminary ratings to two classes of notes issued by SoFi Consumer Loan Program 2016-2 LLC. This is a $480.55 million consumer loan ABS transaction that is expected to close on August 1, 2016. This transaction represents SoFi Lending Corp. second rated securitization collateralized by a portfolio of unsecured consumer…
Lizzie has been elected to New York Life’s 2016 Agents Advisory Council. Founded in 1946, the AAC is a prominent group of 24 New York Life agents elected by their peers to communicate the issues and perspectives of their fellow agents. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the…
July 22– Independent Health has told about 560 members who receive cancer treatment from CCS Oncology that it is dropping the region’s second-largest oncology group from its network come Jan. 1. This is part of an industrywide battle, with Independent Health and other insurers trying to move away from reimbursing providers for each treatment session or drug…
SUMMARY: In compliance with the Paperwork Reduction Act of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget for review and comment. ADDRESSES: Submit written comments on the collection of information…
A.M. Best has affirmed the financial strength rating of A++ and the issuer credit ratings of“ aa+” of the property/casualty subsidiaries of The Travelers Companies, Inc., collectively known as Travelers Group. In addition, A.M. Best has also affirmed the FSR of A++ and the ICR of“ aa+” of Travelers Casualty and Surety Company of America, and TCSA’ s affiliates, Travelers…
–Synopsis Timetric’s’ Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019′ report provides detailed analysis of the market trends, drivers, challenges in the German personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and…
LOS ANGELES, July 22, 2016/ PRNewswire-iReach/– Auto-car-insurance4.info has released a new blog post explaining how to complete the quote request form and what facts are necessary. Auto insurance quotes, just like prices, have to be determined based on unique factors about each client. It is impossible to estimate vehicle coverage costs without knowing some…
TO: ALL PERSONS WHO WERE PARTICIPANTS IN OR BENEFICIARIES OF THE AVON PERSONAL SAVINGS ACCOUNT PLAN AT ANY TIME FROM JULY 31, 2006, THROUGH FEBRUARY 29, 2016, AND WHOSE PLAN ACCOUNTS INCLUDED INVESTMENTS IN THE AVON STOCK FUND.. A Qualified Settlement Fund consisting of Six Million Two Hundred Fifty Thousand Dollars in cash is being established in the Action.
Al Franken issued the following statement on the Department of Justice’s move to block proposed health insurance mergers that could hurt consumers:. “The Department of Justice made the right move for American consumers today by moving to block these proposed mergers,” said Sen. Franken. And last month Sen. Franken, a member of the Senate Health Committee and…
-After a call from U.S. Senator Richard Blumenthal, the Department of Justice today announced it will file a lawsuit to block two separate health insurance mergers, Anthem Inc’s purchase of Cigna Corp and Aetna Inc’s acquisition of Humana Inc. Blumenthal has been a vocal opponent of the proposed mergers and led a group of seven Senators in calling on the DOJ to…
A.M. Best has commented that the financial strength rating of A++ and the issuer credit ratings of“ aaa” of National Indemnity Company and its affiliates are unchanged following the recent announcement that NICO plans to buy Medical Liability Mutual Insurance Company in a cash transaction. NICO and its affiliated companies are subsidiaries of Berkshire…
July 22– A Westminster man was charged with taking another person’s vehicle after being involved in a collision Saturday. According to charging documents, police responded to a call of a missing vehicle around 12:28 p.m. Saturday to the 500 block of Baltimore Boulevard, Westminster. According to police, at 9 a.m., the owner was notified by an insurance company…
According to Melissa Irby, the district’s executive director of finance, Abilene ISD provides each of its employees with $410 per month pretax to assist with health insurance costs associated with the district’s participation in the state’s Teacher Retirement System’s ActiveCare plans. Leaving TRS’s ActiveCare would take an act of the Legislature, which…
July 22– A proposed $54 billion acquisition of Cigna Corp. by Anthem Inc. could be dead following a decision announced Thursday by the U.S. Department of Justice challenging the deal in federal court, two industry analysts said. The Justice Department said the two deals threatened to undermine consumer choice and that Aetna and Anthem failed to propose…
July 22– TWIN FALLS– The county’s insurance premiums have increased dramatically because of lawsuit settlements paid by Idaho Counties Risk Management Program– most recently, a civil suit filed by former deputies against Sheriff Tom Carter. The case was scheduled to go to trial in August, but the women have accepted a settlement offer from Twin Falls County,…
Research and Markets has announced the addition of the “Life Insurance Market in Latin America 2016-2020” report to their offering. The life insurance market in Latin America is forecast to grow at a CAGR of 5.87% during the period 2016-2020.. The report covers the present scenario and the growth prospects of the life insurance market in Latin America for…
Adjusters International- one of the nation’s largest public adjusting organizations and a leader in disaster recovery services for FEMA’s Public Assistance Program- and Tidal Basin Group- an emergency management and homeland security consulting firm- have merged. “This is exciting for both of our companies,” said John Marini, President and CEO of Adjusters…
