GE CEO John Flannery told investors he has focused his attention on reorienting GE to businesses where it can be dominant since replacing Jeff Immelt in the role last year. Even as Flannery spoke, GE shares fell 5 percent Wednesday morning to below $14, with the issue off by more than half from a year ago. Retirees, employees and investors were given the opportunity…
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April 25– DALTON, Ga.– A Dalton man was sentenced to five years probation, must pay $5,000 in restitution to the victim and perform 240 hours of community service after pleading guilty Tuesday in Superior Court to serious injury by vehicle for a wreck that left a Calhoun man paralyzed from the chest down. Tylor O’Dell Adams was traveling south on Abutment Road in…
_ Everest Re Group Ltd. on Wednesday reported first-quarter earnings of $210.3 million. The Hamilton, Bermuda- based company said it had profit of $5.11 per share. Everest Re shares have increased nearly 9 percent since the beginning of the year.
–Arthur J. Gallagher& Co. today declared a regular quarterly cash dividend of forty one cents per share on the Common Stock of the Company, payable on June 15, 2018 to Stockholders of Record as of June 1, 2018. Arthur J. Gallagher& Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has…
Employers Holdings, Inc. today reported the following for the first quarter of 2018: net income of $25.6 million; net income before the impact of the LPT of $23.0 million; and adjusted net income of $29.3 million. This increase primarily reflects: strong underwriting results highlighted by a 62.5% current accident year loss ratio before the impact of the LPT and…
–Service Corporation International, the largest provider of deathcare products and services in North America, today announced results for the first quarter of 2018. The first quarter of 2017 was impacted by an income tax benefit related to the settlement of tax audits with the IRS with respect to tax years 1999 through 2005 and a gain on business dispositions…
Everest Re Group, Ltd. today reported first quarter 2018 net income of $210.3 million, or $5.11 per diluted common share, compared to net income of $291.6 million, or $7.07 per diluted common share for the first quarter of 2017. After-tax operating income 1 was $219.7 million, or $5.34 per diluted common share, for the first quarter of 2018, compared to after-tax…
Everest Re Group, Ltd. today reported first quarter 2018 net income of $210.3 million, or $5.11 per diluted common share, compared to net income of $291.6 million, or $7.07 per diluted common share for the first quarter of 2017. After-tax operating income 1 was $219.7 million, or $5.34 per diluted common share, for the first quarter of 2018, compared to after-tax…
–Surex Direct, Canada’s fastest growing online insurance brokerage, continues to propel the artificial intelligence and machine learning movement– from a broker’s perspective– as evident by their latest feature in CI Top Broker magazine. ”We take pride in being a trailblazer in the online insurance space,” Lance Miller, CEO of Surex Direct, said.” By developing our…
Darrell Issa’s Vista office came to an end. For about 65 weeks, primarily North County residents reeling over the election of President Donald Trump and frustrated with Issa’s support of Trump vented their outrage at the weekly rallies. The crowd skewed toward retirees, but also included younger up-and-coming politicians, including Vista School Board…
San Francisco, CA—- 04/25/2018– Revenue cycle management is seeing rising uptake in healthcare centers in the US and in other countries across the world as well. It is leveraged to track the revenue from their patients by managing claims processing, payment and revenue generation. A medical billing software or practice management software is needed for it and…
A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of American Republic Insurance Company, American Republic Corp Insurance Company, Medico Corp Life Insurance Company, Medico Insurance Company and Medico Life and Health Insurance Company, the insurance subsidiaries of American Enterprise Group, Inc..
A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of American Republic Insurance Company, American Republic Corp Insurance Company, Medico Corp Life Insurance Company, Medico Insurance Company and Medico Life and Health Insurance Company, the insurance subsidiaries of American Enterprise Group, Inc..
A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and Long-Term Issuer Credit Rating of“ bbb-” of South Carolina Farm Bureau Mutual Insurance Company and Palmetto Casualty Insurance Company. Both companies are domiciled in Cayce- West Columbia, SC. These Credit Ratings reflect South Carolina Farm Bureau…
WT Holdings is a privately held, Memphis, TN based holding company with insurance operations in Jacksonville, FL, Jericho, NY, and Mayfield Heights, OH. On March 2, 2018, WT Holdings was assigned an issuer rating of BBB- with a Stable Outlook. KBRA expects WT Holdings to use the proceeds of the offering to repay its outstanding bank loan of $43.0 million and for general…
–Ascensus, a technology-enabled solutions provider that helps more than 8 million Americans save for the future, has entered into an agreement to acquire Benefit Planning Consultants, Inc.. “BPC is a great fit for Ascensus from both business and cultural standpoints,” states David Musto, Ascensus’ president. “Designing benefit and retirement plans that meet the…
Cardiff-by-the-Sea, CA—- 04/25/2018– BenefitMall and HealthyMarks have started a partnership to bring more HR solutions to the businesses they work with. HealthyMarks recognizes the power of a partnership like this and joined the BenefitMall team. BenefitMall’s sales director, Mike Suess, elaborated, “The reason so many brokers rely on BenefitMall is because…
Millions of families living in federally subsidized public housing would have to pay more for rent under a Trump administration proposal. The Department of Housing and Urban Development is asking Congress to raise the rent paid by public housing residents to 35 percent of income from the current 30 percent.
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of STICO Mutual Insurance Company, Risk Retention Group. These Credit Rating reflect STICO’ s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance,…
