Advice& Wealth Management delivered pretax adjusted operating earnings of $271 million in a difficult operating environment. This included an unfavorable impact of $122 million from the decline in the Federal Funds effective rate, lower transactional activity related to the pandemic and lower average equity markets. Adjusted operating net revenues…
Newswires
WASHINGTON– Members of Congress and the Trump administration differed on“ where the buck stops” for veterans nursing facilities during a committee hearing Wednesday on Capitol Hill, but most agreed the coronavirus emerged as a teachable moment of the most costly magnitude. Barabani’ s testimony was introduced by U.S. Rep. Richard E. Neal, D-Springfield, also…
Wolters Kluwer Offers Guidance on Unemployment Benefits as $600 CARES Act Benefit Approaches July 31 Expiration
While some individuals can receive assistance through existing states’ unemployment insurance, self-employed or gig economy workers risk losing all benefits if Congress does not extend the $600 benefit, according to experts at Wolters Kluwer Legal& Regulatory U.S.. On Monday, July 27, Senate Republicans released their version of the next COVID-19 stimulus…
The lockdowns caused by the coronavirus pandemic forced businesses to shutter and people to work from home, leaving highways relatively empty since March. PennDOT officials caution not to read much into its preliminary data, but crash stats from Pennsylvania appear to follow the trend. “Fatalities are lower, but not as low as they should be,” said Ken Kolosh,…
Clever Care Health Plan Inc. announced today a successful step forward to provide Medicare Advantage services in Southern California by obtaining the Knox- Keene license, an essential regulatory approval to operate a full-service health plan. The Knox- Keene license will allow us to launch our products this coming Fall season and serve Californians' health…
A new University of Maryland-led study shows that subsidies can help people continually purchase insurance products, but only if they have the financial literacy to understand the benefits of the policy and have the experience of seeing the benefits in action. In a new paper published in American Economic Review, researchers conducted the first ever…
Dominica Will Spend a Quarter of Its Revenue on Hurricane-Proof Housing, With 450 More Homes Built Using Citizenship by Investment Funds
–On Tuesday, the Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, presented the country’s budget for the 2020/ 21 fiscal year. The greatest public expenditure Dominica will incur in the next 12 months is for Housing and Urban Development, estimated at EC $117.4 million. Besides funding from the CBI Programme for housing, Dominica secured EC $25…
Paragon Mortgage Corporation Arranges $18.8 Million to Refinance Multifamily Properties in Clovis, New Mexico
Jim Swanson, President of Paragon Mortgage announced that on July 24 th Paragon arranged the refinancing of Raintree I and II Apartment Communities located in Clovis, New Mexico. Paragon secured the $11.2 Million and $7.6 Million loans for Raintree I and II through the US Department of Housing and Urban Development’ s 223 mortgage insurance program.
FDJ: H1 2020
Good resumption of business since mid-May Preservation of EBITDA margin thanks to the savings plan. La Française des Jeux, France’ s leading gaming operator, announces its results for the first half of 2020.. The gradual recovery since the lifting of lockdown in mid-May has accelerated with the gradual resumption of sporting competitions, including most of…
Bureau Veritas Names Sherry Orel as President of Certification, Audit, and Assurance Business in North America
–Bureau Veritas today announced that it has appointed Sherry Orel as President of the Certification, Audit, and Assurance business, effective immediately. In this new position, Orel has full leadership responsibility for the Certification, Audit, and Assurance business in North America and is responsible for accelerating business expansion plans of this…
Alliant Expands Its Benefits Platform through the Acquisition of Senior Market Sales
Alliant has entered into an agreement to acquire the premier insurance marketing organization in the senior market, Senior Market Sales, Inc.. The acquisition opens up a new line of business within Alliant’ s Employee Benefits Group and brings a robust suite of innovative new insurance and financial services solutions to the firm that provide a defined…
Jul. 29– Women share their stories of how storms affected them. The morning of July 20 a little over a year ago, Albert Lea resident Rose Olmsted was preparing to have a dozen guests at her house on Edina Avenue the next day. After a small storm that morning, the bad weather appeared to have passed, and Olmsted decided to clean up a few branches that had fallen in her…
Jul. 29– Arkansas became the first Republican-leaning state to adopt Medicaid expansion in 2014, and the impact was swift and undeniable. Six years later, Missouri remains one of just 13 states that has not expanded its Medicaid program as provided for under the Affordable Care Act. Uncompensated care, or care for the uninsured, has been a significant strain on…
CYBAVO Offers Digital Asset Custody Platforms for Enterprise with Support of Lockton Companies
–CYBAVO, a leading cybersecurity company offering digital asset custody platforms for enterprise, with the support of Lockton Companies, has reached an agreement with a S&P AA-rated international insurance company to provide CYBAVO with a digital asset loss insurance coverage bringing additional security to their institutional wallet customers.
EvoShare, a microsavings oriented FinTech startup based in Berkeley, CA, and LDI-MAP LLC, a uniquely personal, goal-based retirement plan experience for employees, headquartered in Scottsdale, AZ, are announcing their partnership to add a unique benefit to iJoin's participant experience. This partnership with iJoin, one of the most rapidly adopted…
easyMedicare.com, an affiliate of e- TeleQuote Insurance, Inc., recently launched a series of TV spots, digital media campaigns, and more featuring Joe Theismann as the brand ambassador for easyMedicare.com. In multiple television spots, Theismann, a retired NFL MVP and Super Bowl champion, addresses viewers from his home office in Virginia.
In keeping with its mission to preserve affordable housing, national not-for-profit The NHP Foundation announced that it has purchased Waterbury, CT, senior affordable property, Exchange Place Tower. The NHP Foundation will perform extensive renovations on the 150- unit property, including remodeling kitchens, bathrooms, new energy efficient windows,…
Orchid Insurance Partner – CrossCover — Expands Leadership Team
CrossCover Insurance Services, a new MGU of middle-market commercial properties established in partnership with Orchid Underwriters Agency, LLC, named three former AmRisc executives to its leadership team, Scott Hanson, President of CrossCover, announced today. The appointments are Brett Dupre, Director of Specialty and Underwriting; Sam McBirney,…
ProMedica and Kumanu Partner to Develop and Launch New Social Determinants of Health Solution for Employers
–ProMedica, a mission-based, not-for-profit integrated health care organization, and Kumanu, a leading purpose-centered well-being technology firm have partnered to launch an innovative well-being solution for employers that addresses critical risk factors often not sufficiently accounted for in most corporate well-being programs: the social…
