Hawaii has been the subject of some scary national headlines lately regarding property insurance, but the state insurance commissioner Tuesday expressed a less calamitous view of the industry affecting homeowners. Gordon Ito, who has been an insurance industry regulator in Hawaii for three decades, said the market is in the midst of an extremely hard period…
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In 2023, the top six health insurers collectively earned over one trillion dollars in revenue, a staggering figure that has raised questions about whether the current healthcare dynamic is sustainable and serving all stakeholders effectively. There's no question that health insurance provides a valuable service to millions of Americans.
Prasun Gajri- Chief Investment Officer, HDFC LifeHDFC Life, one of India's leading life insurance companies, announced that it has crossed Rs. 3 lakh crore in Assets Under Management. Prasun Gajri- Chief Investment Officer, HDFC Life, commented, "Reaching Rs. 3 lakh crore in AUM highlights our ongoing focus on disciplined investment practices and strategic asset…
June 5, 2024 AMBAC STRATEGIC UPDATE. ADVANCING CAPITAL-LIGHT, HIGH-GROWTH INSURANCE DISTRIBUTION PLATFORM. One World Trade Center, 41 st Floor, New York, NY 10007 All Rights Reserved| 800-221-1854| www.ambac.com.
Two Democratic lawmakers want to add an at-fault designation to motor-vehicle crash data often used by insurance companies to write policies and by employers to complete background checks on prospective hires. Ismail Mohamed of Columbus and Darnell Brewer of Cleveland said during a recent State and Local Government Committee hearing at the Ohio House of…
Ambac Financial Group, Inc., an insurance holding company, has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited, a London- based insurance underwriting and managing general agency incubation platform, for approximately $282 million, up to $40 million of which will be paid in shares of Ambac common stock.
Additionally, Oaktree will receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50. “Three years ago, we announced our vision and strategy to transform Ambac into a specialty property and casualty insurance platform,” Ambac President and Chief Executive Officer Claude LeBlanc said.“ The sale of our legacy financial guarantee…
Arch Capital closes purchase of RMIC Cos. RMIC Cos. and its subsidiaries have been acquired by Arch U.S. MI Holdings, a subsidiary of Greensboro-based Arch Capital Group. National HealthCare Corp. said Tuesday it has entered into an agreement to acquire the North Carolina and South Carolina facilities within the White Oak Senior Living portfolio.
Council Capital, a prominent healthcare-focused private equity firm, has partnered with Allegiant Managed Care, a proactive nurse case management company providing services within workers’ compensation and other property& casualty insurance lines. “We were attracted to Allegiant Managed Care’ s culture of excellent client engagement, embodied by…
–Annexus, one of the nation's leading independent retirement product design and distribution companies, announced a new collaboration with John Hancock, one of the largest life insurers in the United States. "As Annexus continues to grow and push the boundaries of what's possible in life insurance and retirement planning, it only made sense to work with John…
Fifteen Connecticut- headquartered companies made the 2024 Fortune 500 list of the largest corporations in the U.S., a leading tracker of big business that was released on Tuesday. Bloomfield- based managed health-care and insurance company Cigna again led Connecticut- based companies, ranking No. 16 on the list of 500. Interactive Brokers Group, a Greenwich-…
Included in a slate of contracts approved by the District 87 Board of Education on Tuesday, May 28, are student insurance and building lease renewals. Additionally, students participating in Illinois High School Association sanctioned athletic events are covered under a separate catastrophic coverage policy issued by Gerber Life Insurance Company.
Bloomfield- based managed health care and insurance company Cigna again led Connecticut- based companies, ranking No. 16 on the list of 500. Interactive Brokers Group, a Greenwich- headquartered online brokerage, was the state's sole newcomer this year, placing No. 473.. In comparison, Connecticut accounts for about 1 percent of the U.S. population.
–Bragar Eagel& Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Humana Inc. in the United States District Court for the District of Delaware on behalf of all persons and entities who purchased or otherwise acquired Humana common stock between July 27, 2022, and January 24, 2024, both…
According to an Odessa Police Department report, the officer was on patrol on Andrews Highway when he pulled over the driver of a Ford F-250 because the plates were expired and the vehicle had no insurance. Based on that, the officer had probable cause to search the vehicle and he and other officers located multiple bags belonging to Williams and Jeremiah Limon…
Chad Guy Daybell was convicted Thursday afternoon on all counts by an Ada County jury in his triple murder trial. Daybell was charged with conspiracy to commit murder, first-degree murder, insurance fraud and grand theft in connection to the 2019 deaths of Lori Vallow’ s children— 16- year-old Tylee Ryan and 7- year-old J.J. Vallow— and Daybell’ s late wife, Tammy…
The Recreation Centers of Sun City will see an insurance increase of more than $303,000, or 26.6 percent, for 2025.. Director Tom Foster, co-chair of the insurance committee, revealed the increase May 30 at a meeting of the board of directors. The renewal proposal includes the same insurance coverages, carriers and terms and conditions as the expiring policy, with…
More than four million Americans will turn 65 this year, more than ever before. Whether this milestone means retirement or not, these individuals need to make important choices about their health care. For many Arizona residents, the transition from an employer-sponsored health insurance plan to Medicare may feel overwhelming.
More than four million Americans will turn 65 this year, more than ever before. Whether this milestone means retirement or not, these individuals need to make important choices about their health care. For many Arizona residents, the transition from an employer-sponsored health insurance plan to Medicare may feel overwhelming.
