A Las Vegas art appraiser has been charged in federal court with helping a controversial restaurateur and a New Orleans police officer carry out a scheme to soak an insurance company over an art heist that never happened. Federal authorities in April secured a guilty plea from the restaurateur, Fouad Zeton, and assuming Schofield pleads guilty, prosecutors…
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Arch Mortgage Insurance Company announced it has obtained over $233 million of indemnity reinsurance on a pool representing approximately $32.4 billion of mortgages from Bellemeade Re 2023-1 Ltd., a special purpose reinsurer. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates primarily from January 2023 through…
–United ® Real Estate Group Founder and Chief Executive Officer Dan Duffy has been selected as a 2023 Vanguard award recipient. In September at its annual conference, Elevate, United unveiled major initiatives for high-demand services and programs, filling a void for self-employed agents: United Real Estate Group Healthcare and Financial Wellness…
About one in seven U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to an estimate contained in a new report released today by the Insurance Research Council. The District of Columbia, New Mexico, and Mississippi were the jurisdictions with the highest percentage of uninsured motorists in 2022, the report…
Oct. 31— Question: I got a strange call offering to save me money by applying for Medicaid along with my Medicare. Asked nosy questions, like whether I have more than one insurance or more than one income. Told him to send me a form.
Toa Re Europe is a Swiss-licensed reinsurance company established in 2002 and a wholly-owned subsidiary of the leading Japanese reinsurer, Toa Reinsurance Company, Ltd. It offers reinsurance capacity to insurers and brokers across Europe, the Middle East, and Africa. Roxy Ionescu, CyberCube Sales Manager, said:“ We are extremely delighted to partner with Toa…
Star Mountain Capital, LLC, a specialized investment manager with over $3.5 billion in assets under management focused on generating defensive and premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses, is pleased to announce that Eric Kirsch has joined as Senior Advisor.
–SureGo Administrative Services, a division of Trawick Holdings that serves as a third-party administrator specializing in international and special risk insurance programs, is thrilled to announce the launch of its new website, mysurego.com.. More recently, SureGo became delegated as a third-party administrator for the United States Fire Insurance…
Several thousand low-income people have been booted off Medicaid in Oregon even though they still qualify for the free health and dental insurance, while thousands of others have been told they will retain coverage even though they don't qualify. The Oregon Health Authority said in a news release Thursday that medical benefits for 2,268 people had…
Arch Capital Group Ltd. (NASDAQ: ACGL) has caught the attention of the investment community today with its bullish price action. The company’s shares are currently up 1.84% on the day to $82.86. Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company’s Insurance segment offers primary and […]
–TELEO Capital Management, LLC has announced the acquisition of AssuriCare, LLC, a provider of electronic visit verification and nurse assessment software and services for long-term care insurance carriers, by its existing portfolio company, Wellcove by CHCS Services, Inc.. Headquartered in Waltham, Massachusetts, AssuriCare offers a comprehensive suite…
But can you take advantage of that in Florida? Savings:“ Typically if you bundle your home and auto insurance you could save approximately 20% on each policy, and that’ s a big savings,” said Mark Friedlander, director of corporate communications for the Insurance Information Institute.“ But in Florida that is very difficult because you typically need to get your…
–Nayms, the leading blockchain-based insurance marketplace, is proud to unveil a host of game-changing updates to our application: the new Capital Provider experience with the launch of Investor 2.0, and two new yield bearing Insurance Pools. These transformative enhancements mark a significant leap forward in empowering capital providers with…
Minimum Car Insurance: Only $44 Monthly, But Not Enough! Alaska and Maine have the highest minimum requirements of all the states in the U.S. at 50/ 100/ 25, while Pennsylvania, New Jersey, and California are among the states with the lower requirements of 15/ 30/ 5. Florida is also at the low end of minimum requirements at 10/20/10. Considering most new vehicles cost…
1 marks the beginning of the Open Enrollment period for Vermont's health insurance marketplace. Thousands of Vermonters now pay less than $25 a month for coverage through the marketplace. It's important that Vermonters know about Vermont Health Connect, how easy it is to get a plan, and how much less they'll pay than if they were to buy the same plan directly from…
U.S. life/annuity insurers increased their borrowing through the Federal Home Loan Bank program by 22% in 2022, as they looked to capitalize on enhanced yields in the higher interest rate environment, according to a new AM Best report. U.S. insurance companies now represent nearly 9% of FHLB membership, following a 4% growth uptick last year by insurers.
BROOKLYN, N.Y., Oct. 31, 2023/ PRNewswire/– Floodbase has announced a partnership with Ag Guard to develop and distribute parametric flood insurance programs across Australia and New Zealand. New Zealand has weathered multiple catastrophic flood events over the last decade, including their worst storm this century, 2023' s Cyclone Gabrielle.
Lured by the nation's highest premiums and new laws making it harder to sue insurance companies, investors see an opportunity in Florida's broken insurance market. Jason Pizzo, D- Hollywood, told the state's insurance commissioner last month. READ MORE: Bad news for Florida homeowners: high insurance premiums unlikely to drop any time soon.
CLARA Analytics, a leading provider of artificial intelligence technology for insurance claims optimization, today unveiled its CLARAty.ai platform, which advances the insurance claims process and assists claims professionals with their day-to-day work. CLARA will showcase select CLARAty.ai elements at ITC Vegas 2023 through Nov. 2.
