Grupo Financiero Interacciones, a leading financial services provider in Mexico and a long standing customer of SunGard’ s Ambit Operational Risk Management solution, has implemented SunGard’ s Ambit Asset Liability Management solution to help improve balance sheet management, enhance profitability, mitigate interest rate and liquidity risks and…
Newswires
Notices recently sent to thousands of Allstate customers in South Carolina informing them of possible nonrenewal of their homeowners policy if they did not also buy auto insurance coverage highlight earlier instances of“ forced bundling” from the insurer…
Proposed rule; request for comments. SUMMARY: The Federal Crop Insurance Corporation proposes to amend the Common Crop Insurance Regulations, Florida Citrus Fruit Crop Insurance Provisions. EFFECTIVE DATE: Written comments and opinions on this proposed rule will be accepted until close of business August 15, 2012 and will be considered when the rule is to be…
Sacramento, CA July 16, 2012. Christine Boscacci has been promoted to Assistant Vice President of the Commercial Surety Bond Division of Surety Solutions Insurance Services, Inc.. Surety Solutions Insurance Services, Inc. is an independent insurance agency based in Rancho Cordova, California and licensed in all fifty states.
Sydney, New South Wales July 16, 2012. Almost one in five New South Wales drivers remembered getting their first car while only one in 20 remembered their first kiss, according to a GIO survey. “Our research found drivers are more likely to park a new car more carefully, get it serviced more often and repair minor dings,” said Mr Bone.
Smith Insurance& Bonds provides surety bonds to contractors and other applications that are required by the State of Florida, Florida counties, cities, and other municipalities, specifically the new requirement for Div I and Div II Applicants. By purchasing direct from Smith Insurance& Bonds, these applicants benefit by discounted pricing and exceptional…
Almost a month ago, Rodolfo Porras, a 49- year-old merchant, local political figure and the family’s patriarch, was shot to death by unknown gunmen. The following Tuesday, one day after Rodolfo Porras was buried, his youngest son Jaime Porras, 19, was killed while tending to his father’s grave. It’s still unclear why the Porrases, who are now seeking political asylum…
Toronto, Ontario July 15, 2012. In 2006, the amortization period for property mortgages was increased to 35 years. This made Canada a favorable place for local and overseas property investors.
In 1993, Tom and his wife, Michele, purchased life insurance from Farm Bureau Life Insurance Company agent Donald Schiffer that would satisfy Tom’s $35,000 child support obligation to his daughter until she finished school in 2005, listing Michele as the beneficiary of the “balance of proceeds, if any.” Her claim against Schiffer was negligence and negligent…
Sarah Justmann, nurse practitioner with Medical Associates Clinic, has joined the Department of Psychiatry, where she will care for adults and children on a full-time basis. She has been with Medical Associates since 2006, caring for patients at Hillcrest Mental Health Center. Theisen Supply Inc., corporate headquarters for Theisen’s Home Farm Auto stores,…
Capital growth had been supported in the past by their former parent, Medco Health Solutions, Inc.; however, this entity was acquired on April 2, by Express Scripts Holding Company, and A.M. Best expects this support to continue under the new parent company. MCLIC and MCICNY have very limited product portfolios, consisting primarily of Medicare Part D business…
A.M. Best Co. reported that it has upgraded the financial strength rating to A from A- and issuer credit rating to “a” from “a-” of Universal Underwriters Life Insurance Company. While UULIC remains adequately capitalized, A.M. Best said that it had been over capitalized for its risk profile and capital was recently re-deployed within the ZIG organization.
On July 3, pursuant to a Stock Purchase Agreement dated February 23, as amended on July 3, with GALAC Holding Company, the Seller and an affiliate of the American Financial Group, Inc., Presidential Life Corp. completed the purchase of Great American Life Assurance Company, an Ohio domiciled insurance company with approximately $5.60 million in statutory…
Fitch Ratings has placed the ratings of WellPoint, Inc. on Rating Watch Negative. The rating action follows WellPoint’s announcement that it will acquire Amerigroup Corp. in a cash transaction valued at approximately $4.9 billion. A full list of rating actions can be found below.
Incapital announced that it is expanding its business by opening offices in Boston, San Francisco and St. Petersburg, Florida. Joining Incapital’s newly opened office in Boston will be Patrick Clifford and Mike Dolaher, focusing on Incapital’s insurance and annuities business. The St. Petersburg’s office, with Jerry Little, William Foley and Jim Cashmore, will…
The Frontline Report, Worksite/Voluntary Product Trends 2012, is published every other year by Eastbridge Consulting Group, Inc.. “Although these products received the highest percentage rating them as very profitable, most carriers surveyed actually classified their products as having average profitability,” explains Eastbridge vice president,…
July 15– STILLWATER, Okla.– Oklahoma State University has come up empty in federal and state courts to recoup $33 million in premiums from its failed Gift of a Lifetime fundraising program. The program dates back to 2005 when representatives from the nonprofit charity Cowboy Athletics, Inc., OSU alumnus and mega-donor T. Boone Pickens and Lincoln National Life…
“If the current drought in Illinois and Indiana spreads west to include Iowa and parts of Minnesota and Nebraska, which it appears to be doing,” Babcock explained in a telephone interview July 10, “we’re talking tens of billions– maybe $30 billion, $40 billion or more– in crop insurance payouts this year.” “Payouts in Illinois are going to be large, very large,” reckoned…
July 15– The 30 or so strikers picketing outside the Sorrento Lactalis cheese factory were in high spirits just hours after walking off their jobs in a contract dispute, smiling and waving at the cars that honked as they drove past to show their support for the Teamsters. Less than three days later, the 257 striking Teamsters were back on the job after ratifying a…
