–K2 Insurance Services, LLC is excited to announce the launch of its newest MGA, K2 Parametric led by Scott Carpinteri, a well-known expert in the Parametric Insurance space. Carpinteri is an industry veteran with over 25 years of insurance experience, the last 6 having been spent with Swiss Re Corporate Solutions where he has been instrumental in advancing the…
Newswires
–The "United Kingdom Insurtech Market- Growth, Trends, COVID-19 Impact, and Forecasts" report has been added to ResearchAndMarkets.com' s offering. The UK insurance industry is fundamentally changing. The UK general insurance market continues to be fiercely competitive but is troubled by sustained low profitability fueled by the predominance of online…
–Cincinnati Financial Corporation announced that at today's regular meeting, the board of directors declared a 63- cents- per-share regular quarterly cash dividend. The dividend is payable January 14, 2022, to shareholders of record as of December 16, 2021. About Cincinnati Financial Cincinnati Financial Corporation offers primarily business, home and…
Nov. 19— COLUMBIA, S.C.— A state grand jury has indicted suspended lawyer Alex Murdaugh on 27 counts of new financial crimes, alleging he stole a total of $4.8 million across five counties. Murdaugh stole money from clients, as well as money that was to have gone to his Hampton law firm PMPED, the indictments allege. Murdaugh also allegedly forged the signature of a S.C….
Two civil lawsuits filed in connection with the sexual abuse of young boys who attended the Boys& Girls Clubs of Sonoma Valley have been settled. In one case, a court filing indicates a man known as John Doe 2 would receive about $976,753 in settlement paid with Boys& Girls Clubs of Sonoma Valley's insurance money,. The defendants named in the two lawsuits were the…
BROWN REINTRODUCES BILL TO ENSURE PREGNANT MOTHERS CAN ACCESS AFFORDABLE HEALTH CARE DURING AND AFTER PREGNANCY. Bill Would Create a Special Enrollment Period for Pregnancy, Guarantee 12 Months of Postpartum Continuous Medicaid Coverage. WASHINGTON, D.C.- As Americans are making decisions about health insurance enrollment, U.S. Senator Sherrod Brown, led…
–Today, the Board of Directors of United Fire Group, Inc. declared a common stock quarterly cash dividend of $0.15 per share. Founded in 1946 as United Fire& Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. A.M. Best Company assigns a rating of "A" for members of the United Fire&…
–Mercury Insurance today announces five new coverages and three new discounts available for homeowners in Arizona. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. "Mercury's new coverages and discounts take a different approach to protecting our customers," said…
Nov. 19— COLUMBIA, S.C.— A state grand jury has indicted suspended lawyer Alex Murdaugh on 27 counts of new financial crimes, accounting for $4.8 million across five counties. They allege that Murdaugh stole money from clients and stole that was to have gone to his Hampton law firm PMPED, then deposited the money into a phony bank account he had created labeled "Forge,"…
The American Kidney Fund applauds the U.S. House of Representatives for including provisions in the Build Back Better Act that will help people with chronic kidney disease and kidney failure. “Access to affordable, comprehensive health insurance and primary care physicians is the first step to ensuring that CKD is found early, which can provide kidney…
Humboldt Bay Unit 3 was a boiling water reactor operated by PG&E from 1963 to 1976. PG&E currently operates a separate fossil fuel plant adjacent to the site. PG&E remains responsible for the security and protection of the storage facility and is required to maintain $53.3 million in liability insurance coverage until the fuel has been removed from the…
Centers for Medicare & Medicaid: HHS Extends Postpartum Coverage in Virginia for Nearly 6,000 People
The Biden-Harris Administration, through the Centers for Medicare& Medicaid Services today approved extended Medicaid and Children's Health Insurance Program postpartum coverage in Virginia. This important approval step will help Virginia expand access to needed pregnancy-related care, with the goal of preventing unnecessary postpartum-related…
Mercury Insurance today announces five new coverages and three new discounts available for homeowners in Arizona. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. "Mercury's new coverages and discounts take a different approach to protecting our customers," said…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Reinsurance Corporation and its subsidiaries. The outlook of the Long-Term ICR is positive while the outlook of the FSR is stable. Total capital and surplus increased by 6.1% to RMB 102.9 billion in 2020, supported by partial retention of net profits and…
The $25 million round was led by Acrew Capital, with participation from Homebrew, True Ventures, Anthemis, Valor, DCVC, and LowerCarbon Capital. Kettle Raises $25 Million Series A Led by Acrew Capital to protect against wildfires.. In 2021 we saw the Dixie and Caldor Fires in California burn over 700,000 acres and destroy over 1200 structures based on Calfire's…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of First Net Insurance Company. The outlook of these Credit Ratings is stable. The company has faced an additional expense burden since April 2019 when its tax-exempt qualifying certificate expired; however, this was partially offset by decreased net…
Nov. 19— COLUMBIA, S.C.— The state grand jury has indicted suspended lawyer Alex Murdaugh on more than 20 new financial crimes, sources said Friday. "This doesn't appear to add anything new to the case other than additional charges," said Jim Griffin, one of Murdaugh's lawyers, along with Dick Harpootlian. The indictments was the latest incident in a series of stunning…
Perla Rosalez, an unemployed grandmother in the Rio Grande Valley, stays awake at night worrying about getting sick and leaving the three grandchildren who are under her care. Becoming the sole caretaker of her three grandchildren allows both her husband and daughter to work outside of Mercedes, the tiny town near the Texas- Mexico border, where they live.
In correspondence submitted this week to the U.S. Treasury Department's Federal Insurance Office, the Triple-I noted four of the five costliest natural disasters in U.S. history, as defined by insured losses, originated as tropical storms within the past decade. Moreover, eight of the 10 costliest wildfires in U.S. history, as measured by insured losses, have…
