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The U.S. life/annuity industry increased its holdings in structured notes by one-third over a three-year period, with book adjusted/carrying value reaching $16 billion in 2018, up from $12 billion in 2015, according to an AM Best report. Larger insurers are the primary purchasers of structured notes, as they typically have more sophisticated investment…

–Confie, a leading national provider of personal and commercial lines insurance, announced today that it has consolidated its Standard Personal Lines& Commercial Insurance businesses across the U.S. into one entity named InsureOne. Confie's future plans include continuing to expand the reach of its Standard Personal Lines& Commercial Insurance business…

Through the partnership, CAA agencies will gain access to the Indio platform and capabilities to create a digital property and casualty insurance application and renewal process for their clients. By harnessing the Indio technology, member agencies will increase employee productivity, especially as it relates to data collection, and will provide a…

The Knoxville News Sentinel reports the companies are seeking more than $450 million for claims they paid after high winds swept flames from a wildfire in the Great Smoky Mountains National Park into Gatlinburg and its surrounding areas. They say Greg Salansky, the park's fire management officer, first spotted smoke on Wednesday, Nov. 23, 2016 when the fire was…

Mr. Bassi joins the HCXI Advisory Board with over 25 years of experience in the global insurance industry having held executive roles in innovation, risk management, and modeling. David most recently served as a Managing Director at Ernst& Young in Boston where he focused on insurance strategy and innovation. “We are pleased and excited to welcome David to our…

–Encoda LLC, a leading healthcare reimbursement automation and revenue cycle management company announced today its partnership with Nextech Systems, a leading provider of healthcare technology solutions for specialty physician practices. This partnership enables Nextech to bring greater performance into the revenue cycle for clients through…

Global Cyber Insurance Market Analysis:. Despite comprehensive cybersecurity measures being introduced to prevent and mitigate cyber-attacks, losses arising from security breaches continue to affect organizations profit margins. The size of the cyber insurance market is anticipated to attract $14 billion by 2022, showing a 28 per cent CAGR during the…

College savings plans are a great way to save for education. But not all college savings plans are great. Most state-sponsored 529 college savings plans, which allow you to invest in a tax-advantaged account for future education costs, have improved significantly in recent years, says Madeline Hume, analyst for multi-asset and alternative strategies at…

The National Association for Information Destruction, a division of i-Sigma, issued the following news release:. The i-SIGMA Board of Directors feels the association could do more to help members control increasing insurance premiums and has created the Insurance Oversight Committee to do just that. The board has approved the appointment of Brock Miller of…

IRVINE, Calif.& SIOUX FALLS, S.D.—- Axonics Modulation Technologies, Inc., a medical technology company that has developed and is commercializing novel implantable rechargeable sacral neuromodulation devices for the treatment of bladder and bowel dysfunction, today announced that surgeons have begun implanting commercial patients with the Axonics r-SNM…

ALBANY– New York faces budget deficits between $6 billion and $8 billion over the next three years amid ballooning costs for Medicaid. More than 6 million people are on Medicaid in New York, about one third of the entire state's population. “Thanks to Medicaid over-spending, New York's state budget gaps have blown up to their highest levels since the Great…

–Chubb Limited today announced that it has agreed to purchase an additional 15.3% of Huatai Insurance Group Company Limited. Huatai Insurance Group is the holding company of Huatai P&C Insurance Company, Huatai Life Insurance Company and Huatai Asset Management Company, among other subsidiaries. “Earlier this year, following approval from the CBIRC, we…

Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies.

—Trees toppling onto above-ground power lines spark wildfires, more than 1,000 of them in the last decade in California alone. Estimated property losses for a single such wildfire, a California blaze that killed 85 last year, reached $16.5 billion. After electrical wires sparked many of California’ s major wildfires in 2017 and 2018, and threatened more this…

Nov. 25– It's just the nature of political parties, we suppose, that is driving New York Democrats to distraction. Andrew M. Cuomo fills influential positions with staffers who previously served in senior posts for Senate Republicans. He was behind the effort to grant driver's licenses to unauthorized immigrants and to codify abortion rights in New York.