–NMI Holdings, Inc. today announced that Fitch Ratings has assigned its principal operating subsidiary, National Mortgage Insurance Corporation, an“ A-” insurer financial strength rating and assigned the company’ s outstanding senior notes due June 1, 2025 a“ BBB+” rating. About NMI Holdings, Inc. NMI Holdings, Inc., is the parent company of National Mortgage…
Newswires
—NEW YORK— The Travelers Cos. on Friday reported fourth-quarter net income of $1.63 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $5.04 per share. Ten analysts surveyed by Zacks expected $10.91 billion.
Record Quarterly Net Income per Diluted Share of $6.99 and Retuon Equity of 29.0%. Full Year Net Income of $2.991 billion and Retuon Equity of 13.6%. Record quarterly net income of $1.626 billion and core income of $1.633 billion, driven by both underwriting and investment results. Exceptional consolidated combined ratio of 85.8%, an 8.7 point improvement, and…
Here are some of the changes outlined by FEMA:. Under previous rules, homeowners who had received payments from their insurance company for home repairs but not enough to cover all of the damage were essentially out of luck when it came to getting help from FEMA. Now those homeowners can apply to FEMA for help.
The Travelers Companies, Inc. today reported net income of $1.626 billion, or $6.99 per diluted share, for the quarter ended December 31, 2023, compared to $819 million, or $3.44 per diluted share, in the prior year quarter. Core income in the current quarter was $1.633 billion, or $7.01 per diluted share, compared to $810 million, or $3.40 per diluted share, in the…
In this 60- day session, seemingly out of nowhere, a bill arrived that would allow large insurance agencies in Florida to sell license plates and issue registrations to car owners, likely at fees higher than the state itself charges. The bill requires elected county tax collectors to appoint a qualified insurance company to offer this lucrative work— at a profit…
Attorneys for a woman who has been behind bars for 43 years attacked the veracity of her conviction in court this week, shifting evidence of the murder onto a former St. Joseph police officer. Sandra Hemme was found guilty in the Nov. 12, 1980, killing of Patricia Jeschke, whose nude body was found on the floor of her apartment in eastern St. Joseph.
–NMI Holdings, Inc., the parent company of National Mortgage Insurance Corporation, today announced that it will report results for its fourth quarter ended December 31, 2023 after the market close on Wednesday, February 14, 2024.. The call can be accessed by dialing 481-2708 in the U.S. or 317-0664 internationally by referencing NMI Holdings, Inc..
Jan. 18— In the years after Hurricane Katrina, Louisiana welcomed small, regional insurers to fill in the gaps left by bigger insurers that fled the storm-prone southern part of the state. Starting in 2021, a dozen insurers failed in Louisiana. According to lawyers for the Louisiana Department of Insurance, Americas Insurance Co.' s failure was one of the largest…
Jan. 18— Incarcerated people in Connecticut could gain access to health insurance before leaving prison, under a change proposed this week by the state's Department of Social Services. "We all know that the United States has the highest rates of incarceration of any industrialized nation," Barton Reeves said. "We are not going to have folks just get out of jail or…
Cheshire and Wallingford saw a 19 percent increase, and Southington saw around 20 percent. These initiatives include the free Broker Academy, a targeted marketing campaign, multiple free in-person enrollment fairs, and working with community navigators. "Our staff, community partners, partnership with the Department of Social Services, Broker Academy…
That's added to pressures on the medical-cost ratio– a key metric of profitability– for not only UnitedHealth but for rivals such as Humana and CVS Health- Get Free Report, which owns Aetna, as larger portions of collected premiums are paid out on insurance claims. Humana, in fact, sought to mitigate those pressures late last year when it unveiled merger talks with…
HARKERS ISLAND— County residents flooded the Core Sound Waterfowl Museum and Heritage Center in Harkers Island on Wednesday to express their concerns amid the North Carolina Rate Bureau's recent proposal that could potentially double the cost of homeowners insurance. "If they're going to double that, now we're talking about your homeowner's insurance is…
2024 JAN 18– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Dyad, a leading provider of insurance software and services, announced that Jeff Wargin has joined the company as Chief Product Officer. Wargin joins Dyad with over 25 years in the P&C Insurance software market, focused on bringing innovative, future-proof products and…
Insurance Commissioner Mike Causey announced that the North Carolina Rate Bureau filed a rate filing with the North Carolina Department of Insurance on Wednesday asking for an average statewide increase in homeowners' insurance rates of 42.2%. This rate filing follows the homeowners' insurance rate filing that the Department of Insurance received from…
2024 JAN 18– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Current study results on big data have been published. According to news reporting out of Florida Atlantic University by NewsRx editors, research stated,“ In the domain of Medicare insurance fraud detection, handling imbalanced Big Data and high dimensionality remains a…
2024 JAN 18– By a News Reporter-Staff News Editor at Insurance Daily News– From Washington, D.C., NewsRx journalists report that a patent application by the inventors MOLERO LEON, Silvia Elena; Tasoglu, Turap, filed on October 6, 2021, was made available online on January 4, 2024. The patent’ s assignee is F. Hoffmann-La Roche Inc.. News editors obtained the following…
2024 JAN 18– By a News Reporter-Staff News Editor at Insurance Daily News– From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors McNair, Douglas S., filed on February 6, 2023, was published online on January 2, 2024. The patent’ s assignee for patent number 11861731 is Cerner Innovation Inc.. All of this factual credit information is…
2024 JAN 18– By a News Reporter-Staff News Editor at Insurance Daily News– From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors Comeaux, Jansey, Pflug, David John, Smith, Irvin Lee, filed on September 5, 2019, was published online on January 2, 2024. The patent’ s assignee for patent number 11861036 is United Services Automobile…
