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Sun Life receives Delta Award recognizing top-tier client experience initiatives

December 14, 2022

–Sun Life U.S. has received the Delta Award for innovation in client experience solutions from Alida, a client experience software company. "We put client experience at the center of everything we do," said Ed Milano, vice president of Marketing and client experience officer, Sun Life U.S. "Leveraging feedback from our employer and broker clients helps us…

Why were charges dropped vs. Miami-Dade men in a $3.5 million insider trading fraud? [Miami Herald]

December 14, 2022

That quote is from a November filing in Boston federal court by Surfside’ s David Schottenstein, 39. Back in January, Schottenstein pleaded guilty to conspiracy to commit securities fraud, at least a $3.5 million stock fraud involving DSW, the Albertsons supermarket chain, Rite Aid and a corporate fighting over cannabis. READ MORE: A $3.5 million insider trading…

Attorney general appeals prisoner release

December 14, 2022

Michigan Attorney General Dana Nessel has filed an appeal after a parole board voted to release a man convicted of several violent crimes in Livingston County. Floyd Sanford Jarvi, 63, was convicted in 1994 on multiple counts of criminal sexual conduct, kidnapping, armed robbery, resisting and obstructing an officer, and possession of a firearm during the…

AM Best Affirms Credit Ratings of RSA Insurance Group Limited’s Subsidiaries

December 14, 2022

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Royal& Sun Alliance Insurance Limited, RSA Insurance Ireland DAC, RSA Luxembourg S.A., Royal& Sun Alliance Reinsurance Limited and The Marine Insurance Company Limited. RSAIG has a track record of modest underwriting results in its U.K. and international…

Hiscox USA Selects ClarionDoor for Distribution of Crime Insurance Product

December 14, 2022

–ClarionDoor, a Zywave company, and provider of ultramodern insurance product distribution solutions, is pleased to announce an expanded partnership with the leading small business insurer, Hiscox USA. With the expansion, ClarionDoor and Hiscox will partner to distribute the company’ s crime insurance product to brokers through API technology..

AM Best Withdraws Credit Ratings of Citizens Security Life Insurance Company

December 14, 2022

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Citizens Security Life Insurance Company. 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.

Wolf Haldenstein Adler Freeman & Herz LLP: Sequoia Benefits and Insurance Services, LLC Data Breach Investigation Alert

December 14, 2022

–Wolf Haldenstein Adler Freeman& Herz LLP, a preeminent national consumer rights law firm, announces that it is investigating claims on behalf of Sequoia Benefits and Insurance Services, LLC customers.. In or around December 2022, an investigation revealed that beginning on September 22, 2022 and ending on October 6, 2022, certain Sequoia customers’ employees’…

TruChoice Adds 3 RILA Carriers to Product Shelf

December 14, 2022

The additions now give TruChoice 7 RILA carriers to offer financial professionals more available solutions for clients TruChoice Financial Group, LLC MINNEAPOLIS- December 14, 2022-. TruChoice Financial Group, LLC, one of the largest distributors of insurance products in the financial services industry, has again enhanced their Specialized Products…

AM Best Affirms Credit Ratings of Société Hospitalière d’Assurances Mutuelles

December 14, 2022

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Société Hospitalière d’ Assurances Mutuelles. The outlook of these Credit Ratings is stable. In 2021, the group reported a net profit of EUR 30.7 million.

TruChoice Adds 3 RILA Carriers to Product Shelf

December 14, 2022

–TruChoice Financial Group, LLC, one of the largest distributors of insurance products in the financial services industry, has again enhanced their Specialized Products Division, adding three registered index-linked annuity carriers. TruChoice's recently added RILA carriers are Athene, Global Atlantic Financial Group, and Lincoln Financial Group.

Florida homeowners, not insurers, the real insurance-crisis victims. But do lawmakers care? | Opinion [Miami Herald]

December 14, 2022

We, South Florida homeowners, carry high deductibles and pay astronomical rates for property insurance— the highest in the country, three times the national average. I’ ve been a Florida homeowner since 1984, and all I’ ve asked from my insurer was a roof inspection after Hurricane Irma that amounted to $750 worth of loose tiles I fixed and sealed.

Medicare Advantage health plans overcharged taxpayers millions, dodged U.S. auditors

December 14, 2022

In April 2016, government auditors asked a Blue Cross Medicare Advantage health plan in Minnesota to turn over medical records of patients treated by a podiatry practice whose owner had been indicted for fraud.Medicare had paid the Blue Cross plan more than $20,000 to cover the care of 11 patients seen in 2011 by Aggeus Healthcare, a chain of podiatry clinics…

AM Best Affirms Credit Ratings of Philadelphia Insurance Companies’ Members

December 14, 2022

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…

Yem Mai Joins Alliant Insurance Services

December 14, 2022

Yem Mai has joined Alliant Insurance Services as Chief Broking Officer, Alliant Representations& Warranties as part of the Alliant Mergers& Acquisitions vertical. He earned his law degree from the University of Southern California and earned his undergraduate degree in Business Administration from the University of California, Berkeley.

Times staff wins honors in 2022 competition [Gloucester Daily Times, Mass.]

December 14, 2022

The Sept. 13 issue put Statehouse bureau chief Christian Wade to good use, covering state businesses' fight against rising employment insurance costs, while staff writer Taylor Ann Bradford touched base with restaurant owners struggling in the face of the COVID-19 pandemic. In the Oct. 21 edition, staff writer Gail McCarthy wrote how a damaged vessel's arrival…

AM Best Revises Outlooks to Positive for Provident Insurance Corporation Limited

December 14, 2022

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Provident Insurance Corporation Limited. The Credit Ratings reflect PICL’ s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile…

Florida homeowners, not insurers, the real insurance-crisis victims. But do lawmakers care? | Opinion [Miami Herald]

December 14, 2022

We, South Florida homeowners, carry high deductibles and pay astronomical rates for property insurance— the highest in the country, three times the national average. I’ ve been a Florida homeowner since 1984, and all I’ ve asked from my insurer was a roof inspection after Hurricane Irma that amounted to $750 worth of loose tiles I fixed and sealed.

Simply Business Partners with Arch Insurance to Expand Professional Liability Product Offering

December 14, 2022

–Simply Business, LLC., a Boston- based digital insurance company focused on small businesses, today announced a partnership with specialty insurer Arch Insurance to offer monoline professional liability solutions to small business owners in the United States. "We focus on understanding the needs of our partners and customers so we're able to provide…

AM Best Affirms Credit Ratings of Houston Casualty Group Members and Affiliates

December 14, 2022

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the property/casualty members of Houston Casualty Group. The lead P/C members are headquartered in Houston, TX, except for HCC Reinsurance Company Limited. AM Best also has affirmed the FSR of A++ and the Long-Term ICR of“ aa+” of HCC Life Insurance Company.

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