An Alzheimer's Association report found 48 percent of care contributors must cut back on their own expenses– including basic necessities like food, transportation and medical care– to afford dementia-related care, while others must draw from their own savings or retirement funds. The Alzheimer's Association suggests using this extended period of time to…
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AM Best Comments on Credit Ratings of Members of HIIG Group Following Appointment of Andrew Robinson as CEO
AM Best has commented that the Financial Strength Ratings of A- and the Long-Term Issuer Credit Ratings of“ a-” of Houston Specialty Insurance Company, and its subsidiaries, Imperium Insurance Company, Great Midwest Insurance Company, Boston Indemnity Company, Inc. and Oklahoma Specialty Insurance Company, are unchanged by the recent announcement regarding…
Term Life Insurance Plans Provide COVID-19 Cover
–As the world combats one of the most unexpected public health emergencies, protection has become the need of the hour. Most insurance customers are worried if term Insurance policies they have bought, like Edelweiss Tokio Life- Zindagi Plus, provides protection against COVID-19. So, term insurance plans like Edelweiss Tokio Life- Zindagi Plus will cover…
Mercer Paper Highlights Governance as Key to Address and Mitigate Global Systemic Risks While Pursuing Returns
Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh& McLennan, today released its“ COVID-19– Investment Governance and Strategy to Navigate a Pandemic-Driven Market Crisis” report. The report examines how large asset owners are finding ways to…
Blackstone Announces Appointment of Dr. Mark McClellan, Former Head of the FDA and CMS, as Senior Advisor
Mark McClellan, a physician and economist who served as both the commissioner of the U.S. Food and Drug Administration and administrator of the Centers for Medicare& Medicaid Services, as a Senior Advisor. Dr. McClellan will bring his expertise across the life sciences, healthcare, economics and public policy sectors to advise across the firm’ s businesses, with a…
May 29– CORBIN– While western states like California are thought of more commonly when it comes to earthquakes, the Bluegrass State has seen its fair share of tremors as well. Friday's earthquake in Laurel County's Keavy and north Corbin area occurred at approximately 1:58 a.m. It was measured at a 2.5 magnitude on the Richter scale categorizing it as minor…
Fairless Hills, PA—- 05/29/2020– Though drivers across Pennsylvania are spending more time at home and limiting unnecessary trips, a major car accident or fender bender can still occur at any time. Peruzzi Collision Center has announced that they will continue providing collision repair in Bensalem, PA and beyond throughout the summer season.
Duke Energy prepares for hurricane season during COVID-19 pandemic
–As the June 1 start of hurricane season approaches, Duke Energy is preparing to respond to power outages as quickly as possible– while also adapting to the extra challenges of protecting the health and well-being of the company’s employees, customers and communities during the COVID-19 pandemic. “Now more than ever, our customers are depending on us for the…
AM Best Revises Outlooks to Negative for Bangkok Insurance Public Company Limited
AM 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 Bangkok Insurance Public Company Limited. During the first quarter of 2020, BKI reported a 10% reduction in capital and surplus, following a total comprehensive loss of THB 5.3 billion, primarily due to…
AM Best Revises Outlooks to Negative For Dhipaya Insurance Public Company Limited
AM 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 Dhipaya Insurance Company Limited. These Credit Ratings reflect Dhipaya’ s balance sheet strength, which AM Best categorises as strong, as well as its strong operating performance, neutral business profile and…
AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the operating subsidiaries of Everest Re Group, Ltd.. Concurrently, AM Best has affirmed the Long-Term ICRs of“ a-” of Everest Re Group, Ltd. and Everest Reinsurance Holdings, Inc.. Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings of Everest…
A big example is how PE firms led leveraged buyouts of J.Crew and venerable Neiman Marcus, saddling them with billions in debt and collecting management fees that the retailers had to repay to their new private equity owners. Even before the pandemic, 10 out of 14 bankruptcies of major retail chains since 2012 involved private equity, according to a report last…
Travelers Extends Stay-at-Home Auto Premium Credit Program to June
The Travelers Companies, Inc. today announced it is extending its Stay-at-Home Auto Premium Credit Program, giving its U.S. personal auto insurance customers a 15% credit on their June premiums. “We have been evaluating our various COVID-19 relief programs in an effort to determine how we can best support our customers, agents, brokers and communities,” said…
Archbold, OH—- 05/29/2020– The global Coronavirus pandemic has caused an increase in demand for life insurance amongst Ohio residents. Beck Insurance Agency is equipped to handle the demand increase by serving the communities of Toledo, Maumee, Sylvania OH, Bryan OH, Waterville OH, and Swanton OH with quality life insurance options that fit any budget.
The Institute for Agriculture and Trade Policy' s Senior Attorney Sharon Treat is monitoring and analyzing these two potential trade deals, as well as participating in several webinars to address the secretive, non-transparent U.S.- EU and U.S.- U.K negotiations. Rather than learning from the pandemic, the U.S. is advancing a trade agenda with the U.K. and EU that…
The Centers for Better Insurance LLC, Frederick, Maryland, has issued a public comment on the Department of the Treasury's notice entitled “2020 Report on the Effectiveness of the Terrorism Risk Insurance Program”. This comment letter focuses on the effectiveness of the program's statutory prohibition on duplicative compensation, particularly in the…
Greg Walden, R- Oregon, issued the following news release:. Representative Greg Walden released a statement after the Bureau of Land Management announced proposals to improve efficiency in forest management projects and expedite efforts to clean up after wildfires. “Southern Oregon has borne the brunt of wildfires and smoke in recent years,” said Walden.
*Academy of Managed Care Pharmacy. *American Society of Health-System Pharmacists. *Blue Cross Blue Shield Association.
Gerald E. Connolly, the Chairman of the Subcommittee on Government Operations, sent a letter to Department of Labor Secretary Eugene Scalia expressing concerns over unprecedented interference by the White House and the Department of Labor in the administration of the Thrift Savings Plan. On May 11, 2020, the Trump White House wrote to DOL, in an attempt to…
