–American Overseas Group Limited today reported consolidated net loss available to common shareholders of $3.0 million, or $63.75 per diluted share, for the three months ended June 30, 2021. Book value per weighted share at June 30, 2021 was $1,003.21 a decline from the book value per weighted share of $1,112.19 at June 30, 2020.. For the three months ended June…
Newswires
–Back on the mound this year, Kansas City Royals pitching raised more than $21,000 for Sun Life's Strikeout Diabetes program, supporting the Boys& Girls Clubs of Greater Kansas City. Every 21 seconds, someone in the U.S. is diagnosed with diabetes, so for each Royals strikeout this season Sun Life donated $21 to the Boys& Girls Clubs to support the health and…
MSP Recovery, LLC,, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July announced a planned business combination with Lionheart Acquisition Corporation II, today announced an agreement to monetize up to $3 billion of select healthcare claims recovery interests to its investment partner, Virage Capital…
NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, today announced Meiling Gao has joined the company as a vice president within its Financial Institutions Group. Gao joins NFP from Willis Towers Watson where she served as an insurance broker. Gao graduated from…
DPL Financial RIA Survey Shows Continued Uptick in Annuity Usage
When asked if they would prefer an annuity that pays 6% guaranteed income for life, while retaining cash value (until depleted by withdrawals) or a bond portfolio yielding 1.5%, the vast majority of respondents said they would take the annuity.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Oil Casualty Insurance, Ltd. AM Best also has affirmed the Long-Term Issue Credit Rating of“ bbb” on the $200 million, 8.00% deferrable subordinated debentures, due Sept. 15, 2034. The outlook of these Credit Ratings is stable.
Despite the plan being sent out to abuse claimants for a vote, there are several issues involving Boy Scouts insurers and local troop sponsoring organizations that remain unresolved. Approval of the disclosure statement was required before the Boy Scouts could begin sending out ballots to abuse claimants and other creditors to vote on the plan.
A recent study conducted by DALBAR, Inc. found an alarming lack of knowledge among some investors related to their retirement…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Constitution Insurance Company The outlook of these Credit Ratings is stable. Constitution is wholly owned by its CEO, Steven Menzies, and participates in a quota share reinsurance transaction of workers’ compensation business from a commonly owned insurer.
Atidot is a Silicon Valley startup that provides a data-driven platform for life insurers, powered by AI, machine learning, and predictive analytics. Health Gorilla, the largest aggregator of health data in the United States and Latin America, securely provides life insurance underwriters with HIPAA-compliant, permission-based access to streamlined…
–Today the Blue Cross ® and Blue Shield ® Government-wide Service Benefit Plan, also known as the Federal Employee Program ®, announced 2022 benefits available to eligible participants in the Federal Employees Health Benefits Program and the Federal Employees Dental and Vision Insurance Program. "As we continue to navigate an unprecedented health…
C3 Risk& Insurance Services, a San Diego- based specialty insurance brokerage, has partnered with DPH Financial Services to create a brand-new Financial Services division. DPH, a boutique brokerage firm based in San Diego, is one of the country’ s elite independent life insurance and estate planning firms serving high net-worth individuals and families,…
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Hyundai Insurance Co., Ltd.. The outlook assigned to the Credit Ratings is stable. HIC’ s capital and surplus was bolstered by capital injections when the company introduced new strategic…
NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, today announced Doug Hammond, its chairman and CEO, has joined the CEO Commission for Disability Employment. The mission of the organization, founded by The National Down Syndrome Society, Voya Financial, and the…
The premier insurance rating agency, AM Best, announced Tuesday that it revised the outlook to positive from stable and affirmed the Financial Strength Rating of A- of ALPS Property& Casualty Insurance Company. AM Best cited ALPS' investment in technology as influential in the upgrade from stable to positive. For ALPS that includes everything from a quick and…
Edison, NJ—- 09/30/2021– Latest Report Available at Advance Market Analytics, "Health Insurance Exchange Market" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The global Health Insurance Exchange market focuses on encompassing major…
1315 Capital Acquires Majority Stake in Leading Employer Focused Healthcare Cost Containment Company
–1315 Capital, a Philadelphia- based healthcare growth equity firm investing in commercial stage companies across healthcare services, medical devices, and therapeutics/ pharmaceutical services, has acquired a majority interest in Homestead Smart Health Plans, one of the fastest-growing organizations in the reference-based pricing solutions market.
–Ushur, the leader in AI-powered Customer Experience Automation™, today announced the expansion of its strategic partnership with FINEOS, the leading provider of core systems for life, accident and health insurers globally, to enable straight-through processing for key stages in the absence management process. “We are thrilled to partner with an industry…
Archbold, OH—- 09/30/2021– Beck Insurance Agency proudly offers a range of home insurance solutions to Perrysburg, Toledo, Bryan, OH, Montpelier, OH, Delta, OH, Waterville, OH, and the surrounding areas. Working with clients to find the right coverage for their needs, Beck Insurance Agency warns their clients of the top five home insurance claims during winter and urges…
