MBIA Inc. today reported a consolidated GAAP net loss of $296 million, or$ per diluted common share, for 2018 compared to a consolidated GAAP net loss of $1.6 billion, or$ per diluted common share, for 2017. The reduction in losses and loss adjustment expenses was primarily related to Puerto Rico insured credits. Book value per share was $12.46 as of December 31, 2018…
4 Q18 direct premiums written up 12.3% to $268.9 million; FY18 up 12.8% to $1.2 billion 4 Q18 other states DPW up 33.9%; FY18 other states up 34.6% 4 Q18 diluted GAAP earnings per share of$, non-GAAP adjusted EPS 1 of $0.13 Year-over-year book value per share up 13.8% to $14.42 FY18 diluted GAAP EPS up 9.4% to $3.27, non-GAAP adjusted EPS 1 up 39.3% to $4.11 FY18…
4 Q18 direct premiums written up 12.3% to $268.9 million; FY18 up 12.8% to $1.2 billion 4 Q18 other states DPW up 33.9%; FY18 other states up 34.6% 4 Q18 diluted GAAP earnings per share of$, non-GAAP adjusted EPS 1 of $0.13 Year-over-year book value per share up 13.8% to $14.42 FY18 diluted GAAP EPS up 9.4% to $3.27, non-GAAP adjusted EPS 1 up 39.3% to $4.11 FY18…
–Chubb Limited today announced that Mark Hammond will be appointed Treasurer effective March 1. Ken Koreyva, a Chubb Group Senior Vice President who has served as Treasurer since he joined the company, then ACE, in 2002, will step down from his current position and assume a new senior advisory role in the company’s global finance organization focused on…
Lloyd Doggett, D- Texas, has introduced legislation to amend title XVIII of the Social Security Act “to provide for certain reforms with respect to medicare supplemental health insurance policies.” Lloyd Doggett, 2307 Rayburn House Office Building, Washington, DC 20515; 202/ 225-4865; or in the district offices at 217 W. Travis St., San Antonio, TX 78205; 210/ 704-1080; 300…
The ratings of ADM and AVM also reflect their affiliation and strategic importance to Assurant, Inc., the ultimate parent, as a stepping stone to grow in the Latin America market, as well as their respective risk-adjusted capitalization at the strongest level. ADM and AVM initiated operations in 2004 and are owned by Assurant Holding Mexico, S. de R.L. de C.V., which…
Pramila Jayapal, D- Wash., has introduced legislation to establish an improved Medicare for All national health insurance program. Debbie Dingell, D- Mich., Alma S. Adams, D- N.C., Nanette D. Barragan, D- Calif., Karen Bass, D- Calif., Joyce Beatty, D- Ohio, Don S. Beyer, D- Va., Earl Blumenauer, D- Ore., Suzanne Bonamici, D- Ore., Brendan Boyle, D- Pa., Anthony G. Brown, D- Md., Andre Carson, D- Ind., Matthew…
Feb. 28– Feb. 28– PG&E believes its equipment will likely be found to be the cause of the Camp Fire, an inferno that scorched Butte County in November 2018 and became the deadliest and most destructive fire in California history, the embattled power provider said Thursday. That grim prognosis– PG&E’s first official acknowledgement that it believes its equipment…
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance, announced today that CFO Jay S. Bullock will present at the Raymond James 2019 Conference starting at 1:40 p.m. EST on Monday, March 4, 2019. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.. Argo Group’s insurance subsidiaries are A.M. Best- rated’ A’ with a…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Nuclear Electric Insurance Limited. The ratings also acknowledge NEIL’ s management culture and its exclusive leadership position in the U.S. nuclear power-generating industry. NEIL essentially underwrites the entire nuclear utility property insurance…
Feb. 28– Feb. 28– NFL wide receiver Demaryius Thomas, a five-time Pro Bowler, was arrested for vehicular assault, according to authorities. Thomas had crashed his vehicle in Denver on Feb. 16, four days after he was released by the Houston Texans. He turned himself into the Denver Police Department on Wednesday after the warrant was issued.
–Exude, Inc., an insurance and human capital consulting firm, recently launched a new benefits product which has been endorsed by The Alliance of Community Service Providers. After a long-standing relationship with Exude and careful due diligence, The Alliance, a professional membership organization representing over 90 non-profit and for-profit…
Feb. 28– Feb. 28– Internal Revenue Service data paints an unsettling picture of the uninsured in California, revealing that three out of four people who paid the tax penalty earned less than $50,000. A Sacramento Bee analysis of tax data showed that in 2016 more than 598,000 people paid a penalty to the federal government. In California for the year 2015, that would…
Feb. 28– Feb. 28– California is facing the worst wildfire conditions in its history with fewer engines and firefighters than it had 40 years ago, says a group of lawmakers and fire unions asking Gov. Cal Fire has 31 fewer engines than it had in 1975 yet it is responsible for more land, provides protection for more cities and faces drier forests and a longer fire season,…
DirectPath, the industry leader in personalized benefits education, health care transparency and tax-advantaged reimbursement plan administration, today released a new report, What Brokers are Doing to Meet Evolving Employer Needs. The report, based on a survey of more than 100 health insurance brokers, reveals that employers continue to lean on brokers to…
Bernie Sanders is working to convince the Democratic faithful that he’s one of them as he makes his second run for president. The Vermont senator is promising to back the party’s nominee no matter who wins the 2020 nomination. The self-declared democratic socialist has had a substantial impact on the party since his 2016 primary campaign against Hillary Clinton. But some Democrats worry his policies will pull Democrats too far to the left to defeat Republicans in a general election.
Sallie Mae, the nation’ s saving, planning, and paying for college company, has tips to help families understand and take advantage of these sometimes-overlooked benefits. “Higher education tax deductions and credits are an effective way to reduce your college costs,” said Martha Holler, senior vice president, Sallie Mae.“ The key is to understand what’ s available,…
Feb. 28– Feb. 28– Politics is poisoning the office of state Attorney General Xavier Becerra. It’s not the first time. But the recent stonewalling by California’s top lawyer on release of records documenting police abuse shows, once again, that he’s putting political ambitions ahead of needed reform.
A federal judge has delayed sentencing for a con-man who bilked investors of nearly $2 million in Alabama. U.S. District Judge W. Keith Watkins says he needs time to see what federal law says about Kyle Sandler’s request to do his time in home confinement, where he can use a computer to make more money and provide restitution to his victims.
