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A.M. Best Places Ratings of United National Specialty Insurance Company Under Review With Developing Implications

May 20, 2016

A.M. Best has placed under review with developing implications the financial strength rating of A and the issuer credit rating of“ a” of United National Specialty Insurance Company. The rating actions reflect the recent announcement by State National Companies, Inc. of its intent to acquire United National Specialty as a shell company from United National…

Senate Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance, and Investment Hearing

May 20, 2016

I am a Managing Director and Head of the Debt Investment Group at Clarion Partners. I am testifying today on behalf of the Commercial Real Estate Finance Council, or, where I am a Member of the Executive Committee. In today’s economy, CMBS is an essential financing vehicle for the U.S. economy.

School retirees recall lessons they learned

May 20, 2016

The Appeal-Democrat wanted to give readers a few perspectives from the new retirees– we recognize there are many others, but we could not get to all of them. While helping with summer school classes at age 7, Monica Oakes knew she wanted to be an educator. Oakes, 58, is retiring as Kynoch Elementary School’s principal after 11 years, but she’s not done helping…

TD Ameritrade Adds NAPA to Approved E&O Provider List

May 20, 2016

TD Ameritrade announced today that the National Association of Professional Agents has been added to their list of approved Errors& Omissions Insurance providers. The policy is a duty to defend contract underwritten by Nationwide Mutual Insurance Company, rated A+ XV by A.M. Best. Errors& Omissions Insurance is an integral component of this practice…

Residents pick up after hail storm

May 20, 2016

May 20– LAS CRUCES– It looked more like Nov. 19 than May 19 in the front yard of Emilio Gamez’s east Las Cruces home Thursday. Some areas of Las Cruces, and nearby communities, got pounded with as much as 1 1/ 2 inches of rain during a 40- minute span Wednesday afternoon. “I’m going to pick up as many of branches as I can and then use the lawn mower to clean up the leaves,” said Greg…

Louisiana Launched A New Way to Collect Fines for Auto Insurance Lapses!

May 20, 2016

LOS ANGELES, May 20, 2016/ PRNewswire-iReach/– Cheapquotesautoinsurance.com has released a new blog post presenting the new Louisiana system of collecting fines for auto insurance lapses. Driving without auto insurance is illegal in Louisiana as it is many other states. As the article shows, “The state’s Office of Motor Vehicles has capitalized on the Office…

Chubb Announces Latin America Regional President Jorge Luis Cazar Named “Latin American Most Influential Individual of the Year” by Reactions

May 20, 2016

“We are proud that Jorge Luis has once again been recognized by Reactions for his industry leadership and achievements,” said Juan C. Andrade, Executive Vice President of Chubb Group and President, Overseas General Insurance, the company’s international general insurance business. He has overall responsibility for the general management and business…

Small barn burns in Lehigh Township, but bigger barn saved

May 20, 2016

May 20– A fire destroyed a small barn in Lehigh Township on Thursday afternoon, but firefighters were able to save a larger barn and a house right next to it. The barn was reported burning around 4:50 p.m. along the 3700 block of Lehigh Drive, Route 248, just west of Walnut Drive. Lehigh Township, Allen, East Allen, Northampton and Klecknersville fire companies were…

Armstrong County physician accused of health care fraud

May 20, 2016

May 20– An Armstrong County cardiologist promised patients that a treatment for disabling angina was a “fountain of youth” as part of a scheme to defraud government and private insurers out of $2.5 million, federal prosecutors say. A federal grand jury Tuesday indicted Samirkumar J. Shah, 53, of East Franklin on two counts of health care fraud, according to an…

Natchez Fire Department to get new training facility

May 20, 2016

May 20– NATCHEZ– The Natchez Fire Department hopes to turn steel shipping containers into better insurance rates for local residents, and will spend $90,000 to do it. Natchez Fire Chief Aaron Wesley said the department plans to buy approximately 30 8- foot by 40- foot steel shipping containers in order to construct a reusable training facility for its…

UnitedHealthcare Donates $30,000 to Support Health and Wellness Programs in Missouri

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– UnitedHealthcare has donated $30,000 to help two Missouri organizations’ efforts to promote health literacy and support transportation programming for low-income families. Health Literacy Missouri received a $15,000 grant to support efforts to help Medicaid- eligible consumers in…

Karen Clark & Company Releases Version 4.3 of RiskInsight® Open Loss Modeling Platform

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– Karen Clark& Company announced the release of RiskInsight ® Version 4.3. The update includes enhancements to the interactive dashboards, custom model building tools, and the job manager. “The new loss dashboards have wide appeal across the market,” said Christopher Mossey, KCC Vice President, Client…

Partnerre Ltd Files SEC Form CERTNYS, Certification By The New York Stock Exchange Approving Securities For Listing (May. 4, 2016)

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a U.S. Securities and Exchange Commission filing by Partnerre Ltd was posted on May 4, 2016. A U.S. Securities and Exchange Commission filing is a formal document or financial statement submitted to the SEC…

Palomar and Arrowhead Launch Value Select Residential Earthquake Product in Oregon and Washington

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– Palomar Specialty Insurance Company, in partnership with Arrowhead General Insurance Agency, Inc. and TriCoast Insurance Services, LLC, has launched its revolutionary Value Select Residential Earthquake Insurance program in Oregon and Washington. “Palomar is excited to build upon Value…

Succession Capital Alliance Honored for Reinventing the Industry of Life Insurance

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– Succession Capital Alliance has been awarded the Reinventing Company of the Year award from the Orange County Chapter of the Association for Corporate Growth. This coveted award recognizes how the strategies offered by Succession Capital Alliance have reshaped the landscape in how the…

AIG Secures Approximately $300 Million Of Indemnity Reinsurance Coverage for Mortgage Insurance Portfolio from 2008 and Earlier

May 19, 2016

By a News Reporter-Staff News Editor at Real Estate Business Journal– American International Group, Inc. announced that its mortgage insurance business United Guaranty Corporation obtained $298.6 million of indemnity reinsurance from Bellemeade Re II Ltd., a special purpose insurer, for a portfolio of mortgage insurance policies issued in 2008 and…

AIG Completes Sale of Advisor Group to Lightyear Capital and PSP Investments

May 19, 2016

By a News Reporter-Staff News Editor at Investment Weekly News– American International Group, Inc. announced that it has completed the sale of Advisor Group to investment funds affiliated with Lightyear Capital LLC, a private equity firm specializing in financial services investing, and PSP Investments, one of Canada’s largest pension investment…

Security Benefit Life Insurance Co Files SEC Form 40-APP, Application For Exemption And Other Relief Filed Under The Investment Company Act of 1940…

May 19, 2016

By a News Reporter-Staff News Editor at Investment Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a U.S. Securities and Exchange Commission filing by Security Benefit Life Insurance Co was posted on May 6, 2016. The SEC file number is 0000891804-16-001411.. A U.S. Securities and Exchange Commission…

Trademark Application for “SHARESMART” Filed by Esurance Insurance Services

May 19, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a trademark application has been made for “SHARESMART” by Charles Lee, representing Esurance Insurance Services. The owner/registrar information for this application is: Charles Lee, Esurance Insurance…

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