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CCRIF Surpasses US$1.8 Million in Scholarships to Caribbean Nationals

November 15, 2023

The Caribbean Catastrophe Risk Insurance Facility has announced the award of 11 scholarships, totaling US $80,000, for students pursuing postgraduate and undergraduate studies in comprehensive disaster risk management at Caribbean universities for the academic year 2023/ 24.. The ceremony, held at the University of the West Indies Regional…

Representatives Lee, Castro, Jayapal and Senators Booker, Durbin and Hirono Urge Biden Administration to Expand Health Coverage to DACA Recipients

November 15, 2023

Barbara Lee, D- California, issued the following news release:. Washington, DC- Representatives Barbara Lee, Joaquin Castro, and Pramila Jayapal joined with Senators Cory Booker, Dick Durbin, and Mazie Hirono to call on the Department of Health and Human Services to finalize their proposed rule to expand health coverage for those participating in the Deferred…

Prudential Financial and Bell & Evans Honored for Healthcare Strategy Innovation by the National Alliance

November 15, 2023

Prudential Financial, Inc. and Bell& Evans received the 2023 Employer/Purchaser Excellence Award and the Houston Business Coalition on Health was honored with the 2023 Membership Leadership Award. "We're pleased to highlight the efforts of Prudential Financial and Bell& Evans as excellent examples of employers that are committed to promoting healthcare…

AIG Appoints Roshan Navagamuwa as Executive Vice President and Chief Information Officer

November 15, 2023

American International Group, Inc. today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024. Navagamuwa will report to Peter Zaffino, AIG Chairman& Chief Executive Officer, and serve on AIG’ s Executive Leadership Team. Mr. Zaffino said:“ Roshan is an accomplished…

Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program

November 15, 2023

–Enact Holdings, Inc., a leading provider of private mortgage insurance through its insurance subsidiaries, announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured $248 million of fully collateralized excess of loss reinsurance coverage through the issuance of an insurance-linked note transaction with Triangle Re…

Universal Declares Regular and Special Cash Dividends

November 15, 2023

Universal Insurance Holdings, Inc. announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 15, 2023 to shareholders of record as of the close of…

San Francisco Remote Insurance Provider SafetyWing Partners with Australian HR Tech Company Outstaffer

November 15, 2023

SafetyWing, global insurance provider for digital nomads and remote teams, proudly announces a strategic partnership with Outstaffer, Global EOR and HR tech company. On the new partnership, CEO Thomas Derum said, "This strategic alliance with SafetyWing is more than a collaboration; it's a revolution in the remote working landscape. Co-founder and CEO of…

America's Health Insurance Plans: New Research Finds That If Original Medicare Had Similar Utilization to Medicare Advantage It Could Boost Medicare's Trust Fund Viability by Nearly Two Decades

November 15, 2023

WASHINGTON, Nov. 15– America's Health Insurance Plans issued the following news release:. The Medicare Part A Trust Fund could be extended by as much as 17 years if Part A services in the original Medicare program were used at the same level as Medicare Advantage, based on new research commissioned by AHIP and conducted by Avalere. "This new research shows that…

Farmers Insurance agency sold to new agent

November 15, 2023

The local Farmers Insurance agency in Hayward, formerly owned and operated by Danielle McGarthwaite for the past 18 years, has been sold to Greg Schwartz. Schwartz currently owns a Farmers Insurance agency in Watertown, Wisconsin and will continue to operate that, along with the Hayward location at the corner of Fourth and Dakota. Schwartz, who was raised in…

Chubb Launches Client Methane Resource Center

November 15, 2023

ZURICH, Nov. 15, 2023/ PRNewswire/– Chubb Limited today announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical expertise and guidance from Environmental Defense Fund. "We have benefited from the technical expertise…

Zurich Insurance Partners with Healthcare2U to Introduce Innovative Gap Product for Enhanced Healthcare Membership

November 15, 2023

–Today, Healthcare2U, a nationally leading Direct Primary Care organization, and Zurich Insurance, a renowned global insurance provider, announced an industry-leading initiative aimed at relieving the stress brought on by high deductibles associated with major medical insurance plans. This collaboration leverages the expertise of both Healthcare2U…

AM Best Affirms Credit Ratings of Primerica, Inc. and Its Subsidiaries

November 15, 2023

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada, collectively referred to as Primerica Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” of…

Health insurers give $750,000 to improve care for opioid-exposed infants in rural Kentucky

November 15, 2023

The Kentucky Association of Health Plans, the trade group for companies selling health insurance in Kentucky, has given $750,000 to Nascend, a Louisville- based public-benefit corporation that works to help infants with neonatal abstinence syndrome, caused by mothers using opioids during pregnancy. The grant will allow Nascend to extend its certification…

Kansas City Life Announces Sale of Real Estate

November 15, 2023

KANSAS CITY, Mo., Nov. 15, 2023/ PRNewswire/– Kansas City Life Insurance Company has completed the sale of certain real estate assets effective November 14, 2023. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. The Company operates in 49 states and the District of Columbia.

AM Best Affirms Credit Ratings of Delphi Financial Group, Inc. and Its Subsidiaries

November 15, 2023

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. AM Best also has affirmed the FSR of A++ and the Long-Term ICRs of“ aa+” of DFG’ s property/casualty…

Why is auto insurance getting more expensive in Nevada? [Las Vegas Review-Journal]

November 15, 2023

Nevada has one of the fastest-rising vehicle insurance rates in the nation, and experts blame a array of causes. A report from Insurify, a company that compares insurance policies, found that vehicle insurance rates in Nevada have increased by 36 percent over the first half of 2023. The array of factors increasing rates are a "perfect storm," according to Todd Rich,…

Kara Vault Unveils Advanced Insurtech Innovation Ensuring Safe Insurance Data Exchange

November 15, 2023

–Kara Vault proudly introduces a groundbreaking Insurtech solution that redefines the secure exchange of personal information for both personal and commercial auto insured policyholders through their respective insurance companies. Salim Kara, the visionary Founder and CEO of Kara Vault, emphasizes, "We are dedicated to addressing the pressing…

CareSource commits $1.5M to connect vulnerable families to valuable resources

November 15, 2023

–CareSource, a nationally recognized health care leader, announced today its $1.5 million partnership with CarePortal, a digital platform that connects local government agencies, schools, pregnancy centers and more with churches, businesses and individuals who are willing to help meet the needs of vulnerable children and their families.

Nicholas T. Moraites Named Divisional Assistant Vice President at Great American Insurance Group

November 15, 2023

Great American Insurance Group is pleased to announce that Nicholas T. Moraites has joined its Fidelity/ Crime Division as Divisional Assistant Vice President of Claims. Mr. Moraites earned a Bachelor of Arts in Political Science from the University of Pittsburgh. He also earned a Juris Doctor, magna cum laude, and a Master of Laws in Law& Economics from George…

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