–HealthSouth Corporation, one of the nation’s largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services, today reported its results of operations for the first quarter ended March 31, 2015. “We are off to a very solid start in 2015,” said Jay Grinney, President and Chief Executive Officer of…
Newswires
A.M. Best has affirmed the financial strength rating of A and the issuer credit ratings of“ a” of the property/casualty members of MAPFRE U.S.A. Group. Concurrently, A.M. Best has affirmed the FSR of A- and the ICR of“ a-” of MAPFRE Life Insurance Company. The lead company in MAPFRE U.S.A. is The Commerce Insurance Company and includes its inter-company pool members,…
–TransFirst ®, a leading provider of transaction processing services and payment-enabling technologies, and iNtelli-Bill, a division of American Medical Systems, Inc. are pleased to announce a strategic alliance. TransFirst will provide a wide array of payment processing products, including integrated electronic payment processing services, for the…
American International Group, Inc. today reported net income attributable to AIG of $2.5 billion, or $1.78 per diluted share, for the quarter ended March 31, 2015, compared to $1.6 billion, or $1.09 per diluted share, for the first quarter of 2014. Net income included net realized capital gains of $874 million, net of tax, which included gains totaling $565 million,…
Blue Capital Reinsurance Holdings Ltd., a Bermuda holding company that offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities, today reported its financial results for the first quarter of 2015.. General and administration expenses were $1.3 million, which consisted of management and…
April 30– ST. LOUIS– A St. Louis man pleaded guilty Thursday to charges he set fired to a home as part of an insurance fraud scheme. In late 2011, he sold a St. Louis house to a “woman with whom he had a relationship and a child” for $100,000, financing its purchase through one of his businesses, Nationwide Lending Services, they said. Nine months later, on Nov. 7, State Farm, the…
Prudential Investments ®’ rapidly growing Prudential Total Return Bond Fund has recently surpassed $10 billion in assets, the company announced today. Prudential Investments is the mutual fund business of Prudential Financial, Inc.. “Naturally we’ re pleased the fund has passed an important milestone in terms of assets,” said Stuart Parker, president of…
Chris Arehart, global product manager for crime insurance at The Chubb Corporation, addressed what he refers to as,“ a new twist on an old approach— cyber extortion.”“ Cyber extortion can be a real problem for a company,” Arehart said.“ Let’ s say an organization from overseas infects your computer here in the United States, by taking a piece of malware or ransomware, which…
By a News Reporter-Staff News Editor at Real Estate Weekly News– Arch Mortgage Insurance Company, a leading provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., announced that if the financial requirements for private mortgage insurers published by the Federal Housing Finance Agency went into effect…
Summit hosts, Brandt Kuhn, CFP ® and Michele T. Sarna, AWMA ®- Senior Vice Presidents and Financial Advisors at Integrated Wealth Management- will will lead local 401 and 403 plan sponsors at the educational and fiduciary training workshop. Guest speakers include: Dave Donaldson, Former Senior Department of Labor Investigator and President of ERISA Smart…
Chubb Reports First Quarter Net Income per Share of $1.60; Operating Income per Share Is $1.57; Combined Ratio of 93.9% Includes 8.1 Point Impact of Catastrophes. By a News Reporter-Staff News Editor at Real Estate Weekly News– The Chubb Corporation reported that net income in the first quarter of 2015 was $375 million, compared to $449 million in the first…
By a News Reporter-Staff News Editor at Real Estate Weekly News– Radian Guaranty Inc., the private mortgage insurance subsidiary of Radian Group Inc., announced the launch of a job loss insurance program called Radian MortgageAssureSM that is designed to provide homeowners peace of mind after an involuntary job loss. Under the program, if a participating…
–James Saxton and Christopher Stump, two local attorneys who have been practicing together for more than 25 years, have opened a unique law firm focused on defending doctors, hospitals and nursing homes in medical professional liability claims and providing risk mitigation and safety consulting services to health care professionals.
–Novantas, Inc., the leader in analytical advisory services and technology solutions for banks is pleased to announce that Zach Wise has joined the Company as a Principal. Wise will provide advanced analytics services to Novantas clients, as well as extend the Company’s preeminent market position in loan and deposit pricing and technology solutions.
By a News Reporter-Staff News Editor at Politics& Government Week– From Washington, D.C., VerticalNews journalists report that a patent application by the inventors Basir, Otman A.; Miners, William Ben; Manoharan, Shunkar, filed on October 14, 2014, was made available online on April 23, 2015. No assignee for this patent application has been made.
A.M. Best has affirmed the financial strength rating of A++ and the issuer credit ratings of“ aa+” of the North American property/casualty subsidiaries of ACE Limited, ACE Bermuda Insurance Ltd., ACE Tempest Reinsurance Ltd., the members of the ACE American Group, ACE INA Insurance and ACE Tempest Re’s parent, ACE Tempest Life Reinsurance Ltd. Additionally, A.M. Best has…
The global flood infrastructure services market insight highlights flood mitigation and recovery solutions adopted across 4 primary regions: the Americas, Asia-Pacific, Middle East and Africa, and Europe. Europe and the Americas lead the market with innovative and advanced flood forecasting and warning techniques while Asia-Pacific and the Middle East…
WORCESTER, Mass., April 30, 2015/ PRNewswire-USNewswire/– Technicians at Saint Vincent Hospital have become members of Teamsters Local 170 following an election yesterday in which more than 75 percent of voting workers cast ballots in favor of union representation. The technicians who work in radiology, operating room, respiratory, sterile processing and…
MILWAUKEE (AP) — Assurant Inc. says it will sell or shut down its health insurance division that has struggled financially…
