–Hanson McClain Advisors, an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401 management, announced today that it has standardized on DocuSign, Inc. for Digital Transaction Management. The firm was founded in 1993 by Scott Hanson and Pat McClain, who envisioned a model of financial…
INN Insider News
The following is from Fitch Ratings on Dec. 18:. Fitch Ratings affirms the SLM Student Loan Trust series 2006-10 senior notes at’ AAAsf’ and the subordinate notes at’ Asf’. The credit quality of the trust collateral is high, in Fitch’s opinion, based on the guarantees provided by the transaction’s eligible guarantors and at least 97 percent reinsurance of principal…
First Trust Intermediate Duration Preferred& Income Fund has declared the Fund’ s regularly scheduled monthly common share distribution and special distribution, both in the amount of $0.1625 per share payable on January 15, 2015, to shareholders of record as of December 31, 2014. The ex-dividend date is expected to be December 29, 2014.
A.M. Best has affirmed the financial strength rating of A+ and the issuer credit rating of“ aa-” of Noble Assurance Company. One hundred percent of the risk taken by Noble is ceded to Solen Versicherungen AG, a subsidiary of Royal Dutch Shell. As such, A.M. Best has assessed the risk-adjusted capital strength on a combined Noble/Solen basis and found capital adequacy…
The January 2015 edition of Captive Review featured their ranking of the 50 “most influential people in the captive industry,” and according to those contributing to the poll, once again Vermont has considerable influence. “David leads a great team and we are proud of this recognition for him and our entire captive insurance team,” said Vermont Governor Peter…
Dec. 22– Ruth B. Thompson, a retired Veterans Administration personnel executive and World War II veteran, died Tuesday at her daughter’s home in Chapel Hill, N.C., in her sleep of undetermined causes. The daughter of George Curtis Baird, an insurance underwriter, and Beulah Dance Baird, an educator, the former Ruth Baird was born on the family farm on Dance Mill Road in…
A.M. Best has released a Best’ s Briefing exploring how profitability struggles in the U.S. long-term care sector persist. The briefing, titled“ Uncertainty in Long-Term Care Continues to Plague Profitability,” states that A.M. Best continues to maintain a negative view on the LTC segment and remains concerned that the current amount of reserves, especially on…
Non-acute care facilities stretching Supply Chain’s capabilities, mindsets. Imagine providing a product or service that requires your customer to follow orders or recommendations but they didn’t and now you’re held partially liable for the results. What had been developing during President Bill Clinton’s healthcare reform program in the 1990 s, leading…
A.M. Best has downgraded the financial strength rating to C++ from B- and the issuer credit rating to“ b+” from“ bb-” of Nomad Life Insurance Company JSC. Given this factor, A.M. Best does not consider there to be sufficient margins within Nomad Life’ s risk-adjusted capitalisation to support the risks inherent within its operation going forward. The ratings of Nomad Life…
MainStay Investments, a New York Life company, announced today that industry veteran, Brendan Gundersen, has joined the organization to head the Institutional Intermediary Channel. Based in New York, Mr. Gundersen will report directly to Stephen Fisher, Co-President of New York Life Investment Management and President of MainStay Investments.
Robert Bilodeau was hired by Wilmington Trust as senior relationship manager in the Insurance Collateral Solutions group. His international experience includes transactions pertaining to Bermuda, London, France, Germany, Australia, New Zealand, the Cayman Islands, Guernsey, the Isle of Man, Luxembourg, and Switzerland. Before joining Wilmington Trust,…
Bank of America Merrill Lynch constructs the MLCX based on the liquidity of the constituent futures contracts and the value of the global production of each underlying commodity. Bank of America Bank of America is one of the world’s largest financial institutions, serving individual consumers, small businesses, middle-market businesses and large…
Office Address: Strategic Acquisition Center- Frederick; Department of Veterans Affairs; 321 Ballenger Center Drive, Suite 125; Frederick MD 21703. Description: Department of Veterans Affairs. VA Center for Acquisition Innovation.
–IBM today announced that Westfield Insurance, a provider of personal, commercial and surety insurance, is working with IBM to transform their claims operations. IBM’s deep end-to-end capabilities allow the company to improve customer service though an integrated claims solution that standardizes operations. IBM brought together the best of IBM, from…
WASHINGTON, DC- Congressman Ander Crenshaw, author of the Achieving a Better Life Experience Act, announced today that President Barack Obama has signed his legislation into law. The action caps more than eight years of teamwork to create tax-free savings accounts for millions living with disabilities. Their focus and drive to educate Capitol Hill on the need…
The new law makes breastfeeding supplies, services, and counseling available to military family members covered under the federal TRICARE health insurance program. TRICARE is the health care program for active and retired service members and their families. It was simply not fair that mothers and children who receive coverage under the federal TRICARE…
BankVista, Sartell, Minnesota, Assumes All of the Deposits of Northern Star Bank, Mankato, Minnesota
Media Contact: LaJuan Williams-Young, Office: 202-898-3876, Cell: 571-215-6027, Email: [email protected], Northern Star Bank, Mankato, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption…
Total advertising expenditures increased 0.3 percent in the third quarter of 2014 to $33.7 billion, according to data released today by Kantar Media, the leading provider of strategic advertising and marketing information. “After a relatively robust first half when spend grew by 3.1%, the pace of ad spending slowed during Q3 and a principal cause was Top 100…
Anthem, Inc. announced today that it has entered into an agreement to acquire Simply Healthcare Holdings, Inc., which, through its two subsidiaries, Simply Healthcare Plans, Inc. and Better Health, Inc., is a leading managed care company for people enrolled in Medicaid and Medicare programs in the state of Florida. “This acquisition aligns with Anthem’ s strategy…
