These assumptions are subject to various risks, uncertainties and other factors, including, without limitation those set forth in "Item 1 A. Risk Factors" within the Annual Report on Form 10- K for the year ended December 31, 2022 and Part II within this report. You should review the various risks, uncertainties and other factors listed from time to time in our…
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The ultimate parent of Euro Accident is Impilo AB, a Swedish investment firm focused on Nordic healthcare investments. Euro Accident has delivered robust results since 2019, which was its first full year of operation in its current capacity as a Sweden- domiciled insurance company. Euro Accident was first established as a Swedish agency in 1996 and through…
On April 19, 2023, the Boy Scouts of America declared that it has exited its bankruptcy case after clearing one of the last legal hurdles in its way. Some insurance companies and sex abuse claimants objected to the Boy Scouts’ plan to pay claimants, but the 3rd U.S. Circuit Court of Appeals held that the plan can go ahead anyway while the insurers’ appeal is pending.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Merchants Mutual Insurance Company and its wholly owned subsidiaries, Merchants National Insurance Company and Merchants Preferred Insurance Company. All companies are headquartered in Buffalo, NY and…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Ansvar Insurance Limited. The outlook of these Credit Ratings is stable. The ratings reflect Ansvar’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate…
–Today, LexisNexis Risk Solutions ® announced the launch of LexisNexis ® Total Property Understanding™, a new comprehensive property intelligence solution to help enable U.S. home insurance underwriters to narrow in on properties needing additional evaluation based on risk, capture comprehensive interior, exterior and aerial data from those…
ROCKVILLE, Maryland, April 21– The American Kidney Fund issued the following news release:. The American Kidney Fund is convening the first Patient Access Initiative Summit, during which stakeholders in the fight against kidney disease will discuss the patient and caregiver burden, regulatory challenges and health insurance design as part of an ongoing…
The ratings also reflect Blue Whale’ s strategic position as the only captive insurer for Pfizer Inc., a leading global pharmaceutical company. As Blue Whale insures or reinsures Pfizer’ s global property exposures, it plays an important role in Pfizer’ s overall ERM and assumes a critical role in protecting the Pfizer enterprise’ s assets. AM Best recognizes the…
The Canton Central School Board of Education voted to adopt the 2023-24 budget during Tuesday's meeting. The tax levy is $11,098,667, an increase of 3.16% over last year or $339,875. On the budget's revenue side, the district expects more than $20 million in state aid, $11,098,667 in the tax levy and STAR reimbursements and $500,000 from other sources.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Tower Limited. The outlook of these Credit Ratings is stable. The ratings reflect Tower’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk…
SOUTHWEST, Florida, April 21– Florida Chief Financial Officer Jimmy Patronis issued the following news release:. Chief Financial Officer Jimmy Patronis announced the recent Insurance Villages, which took place earlier this week from April 17- April 19, issued more than $5.7 million for policyholders in insurance claims checks. CFO Jimmy Patronis said, "I am…
The New Hampshire Department of Insurance issued the following news release:. The New Hampshire Insurance Department's Fraud Unit has identified an increase in suspected cases of fraud relating to Durable Medical Equipment and is consequently alerting agents, brokers, carriers, and producers to be vigilant against DME fraud schemes that have become more…
WASHINGTON, April 21– The American Land Title Association issued the following news release:. The American Land Title Association, the national trade association of the land title insurance industry, applaud Sens. Kevin Cramer and Mark Warner for reintroducing to the Senate the bipartisan Securing and Enabling Commerce Using Remote and Electronic…
WASHINGTON, April 21– The American Council of Life Insurers issued the following statement on April 20, 2023:. American Councill of Life Insurers President and CEO Susan K. Neely made the following comments on the Microinsurance Network's Landscape of Microinsurance study that was released today:. "The 2022 Landscape of Microinsurance study demonstrates the…
NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, today announced it has acquired Diversified Brokerage Services, Inc.. DBS principals George "Chip" Van Dusen IV, president and CEO, and Tori Van Dusen-Roos, COO, will join NFP and report to Mike James, executive vice president, chief sales officer.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of FAIR Oil& Energy Insurance Syndicate. The Syndicate is one of four reinsurance vehicles formed by the Federation of Afro-Asian Insurers and Reinsurers, with a remit to write energy business. The Syndicate has demonstrated adequate profit generation over…
As evidenced by the March 31 severe storms responsible for more than 500 reports of tornadoes and hail from Texas to Ohio, data shows severe convective storm season peaks from March through June. Metro Area and State Implications Using its real-time Weather Verification technology and monitoring, CoreLogic examined the top 5 states that sustained the…
Apr. 19— A recent study from Northern Illinois University projects that supercells, which are the leading cause of tornadoes, could become less common in the Great Plains and more frequent in eastern regions of the U.S.. The National Weather Service says supercells are most common in the central part of the U.S.. Ashley said as the 21st century continues, he expects…
JACKSON— Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department announced Tuesday. The March 24 tornado lashed the Delta with 200 mph winds, devastating the rural communities of Silver City and…
