AM Best has assigned a Preliminary Credit Assessment to Sutton National Insurance Company with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. The outlook assigned to this PCA is stable. The PCA reflects Sutton’ s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating…
Lockheed Martin Corporation has transferred approximately $1.8 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc.. Peggy McDonald, a Prudential vice president who helped negotiate this agreement, said,“ We are proud that Lockheed Martin…
–Forge Global, Inc., a leading marketplace for pre-IPO securities, formerly called Equidate Inc., today announced a complete rebrand along with an expansion of its Series B funding round. Today, over 250 private companies globally have valuations at or above $1 billion– as companies stay private longer than in the past driven by the availability of capital and…
To help job seekers narrow down which healthcare position is right for their lifestyle, The Protocall Group offers professional job matching services. Whether candidates are interested in working for a large hospital or small elderly care facility, the team of talented Staffing Supervisors at The Protocall Group have decades of experience in helping job…
Jan. 29– Regional Medical Center trustees are considering forming a new non-profit corporation to set the framework for a possible future business venture. The non-profit corporation will be called RMC Strategic Alliances, Inc. Horger said the corporation would provide a vehicle for the hospital’s entry into a venture, but said there isn’t any specific…
Wade decision, events in New York were making it clear Clinton’s Democratic Party has abandoned two of his three goals– and that not even a strengthened conservative court majority will be able to restore sanity anytime soon. Intended as a pre-emptive strike against the possibility that recent and perhaps future Trump appointees to the high court will be able…
Jan. 29– The Idaho Supreme Court will hear arguments Tuesday morning regarding the legality of Medicaid expansion, an initiative that passed on the November ballot with a 61 percent vote. About 365,000 people in Idaho– about 60.6 percent of those casting ballots– voted in favor of Proposition 2. IFF board chairman Brent Regan– the named plaintiff in the lawsuit– and…
PEMBROKE, Bermuda—- AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, today announced that Jason Arbuckle has joined AXIS Re as Head of Underwriting, Canada. AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at September 30, 2018, of $5.3…
–For Harris Research, Inc., parent company of home service franchise brands Chem-Dry Carpet and Upholstery Cleaning, N-Hance Wood Refinishing, and Delta Disaster Services, 2018 marked a milestone year. Most notably, HRI added Delta Disaster Services to its portfolio in March and helped triple the size of the award-winning property restoration franchise’s…
–As insurance providers continue to face pressure to adopt efficient, secure and cost-effective technologies to maintain their competitiveness, many are also looking for new ways to streamline the path to the customer. This is why the U.S. leader in voluntary insurance sales at the worksite has chosen SUMO Scheduler, the #1 online appointment-scheduling…
Mark Farrah Associates, www.markfarrah.com, analyzed profit margins of Blue Cross Blue Shield plans, comparing year-over-year performance for third quarter 2018. To read the FREE full text of ” Top Blue Cross Blue Shield Plans Show Improved Profit Margins for Third Quarter 2018″, visit the Analysis Briefs library on Mark Farrah Associates’ website.
It offers customers access to a single team organized under a dedicated leader that comprises financial institutions professionals in Underwriting, Claims, Global Risk Solutions, Distribution and Product. The QBE Integrated Advantage for Financial Institutions team is led by Stacey Meade, Senior Vice President, and offers streamlined access to products…
More than 1,200 damaged properties in Anchorage still needed public inspections as of earlier this month. As of Friday, nearly 11,500 people– most in Anchorage, followed by Mat-Su and to “a lesser degree” the Kenai Peninsula– had applied to the state individual assistance program for quake relief, said state Division of Homeland Security and Emergency…
Mike Dunleavy’s appointments to the University of Alaska Board of Regents issued an apology on Monday after facing criticism from the Alaska Democratic Party for her social media posts. Tammy Randolph, 57, owns a State Farm insurance agency in North Pole. She is one of two people Dunleavy, a Republican, named to the UA Board of Regents this month to replace…
Great American Insurance Group is pleased to announce the hiring of Rick Ringenwald as Divisional Vice President of its Environmental Division. Mr. Ringenwald earned a Bachelor of Science from the University of Vermont, and a Master of Environmental Health from Temple University. Products include: Premises Environmental Liability Insurance, Indoor Air…
UnitedHealthcare Community Plan of North Carolina has donated $50,000 to Legal Aid of North Carolina and the North Carolina Coalition to End Homelessness as part of the company’ s efforts to support Hurricane Florence recovery. “The destruction of Hurricane Florence creates a long and difficult journey for many,” said Anita Bachmann, CEO, UnitedHealthcare…
–Ladder, the company that has built life insurance to be instant, simple and smart, today introduced Ladder for Advisors at the T3 Advisor Conference, the leading practice management and technology conference for independent and hybrid financial advisors. “Ladder for Advisors is aimed at helping financial advisors deepen their relationships with their…
MetLife will pay retroactive benefits to policyholders in New York State and elsewhere totaling more than $189 million. The insurer has already paid $123 million of the approximately $189 million to consumers whose group annuity benefits had been lost or delayed.
San Francisco- based PG&E listed $51.69 billion in debts and $71.39 billion in assets, according to the filing with the U.S. Bankruptcy Court in Northern California. Plus, people who are victims of the infernos that torched the North Bay Wine Country and nearby regions in 2017, as well as those who were victimized by wildfires that roared through Butte County in…
