The recent collapse of Baltimore, Maryland's, Francis Scott Key Bridge threatens to raise reinsurance prices for insurance companies, which could weigh on profits, The Wall Street Journal reported Monday. The bridge was covered by around 80 different reinsurance firms, which insure insurance firms against big, unlikely disasters, with the potential…
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Tallahassee- A federal judge has rejected a request by Florida and other states for a preliminary injunction to block changes to the National Flood Insurance Program that have led to higher premiums for many property owners— though he ruled that a broader legal battle can continue. The lawsuit, led by Louisiana and including Florida and eight other states, was…
–Verisk, a leading global data analytics and technology provider, today announced that Greg Hendrick has been appointed independent director of the company’ s Board of Directors effective immediately. “We’ re thrilled to welcome Greg to the Board,” Verisk president and CEO Lee Shavel said.“ Greg’ s deep understanding of the insurance industry and its changing…
Aspen Reports Results for the Three and Twelve Months Ended December 31, 2023. Hamilton, Bermuda, April 1, 2024- Aspen Insurance Holdings Limited today reported results for the three and twelve months ended December 31, 2023.. For the full year 2023, Aspen Capital Markets generated $136 million** in total fee income from capital sourced across multiple lines and…
–U-BX Technology Ltd., an artificial intelligence-driven value-added services and products provider to insurance carriers, today announced the closing of its initial public offering of 2,000,000 ordinary shares at an initial public offering price of $5.00 per share for total gross proceeds of $10,000,000, before deducting underwriting discounts and…
The U.S. Department of Health and Human Services issued the following news release:. The U.S. Department of Health and Human Services Office for Civil Rights implements statutes that are critical to health equity, including federal civil rights laws, conscience and religious freedom laws, the Health Insurance Portability and Accountability Act Privacy,…
–Steve Menzies, Chairman of Applied Underwriters, has announced the naming of Gregg Holtmeier to the post of Vice President of Strategic Development, to collaborate with the company's growing team in M&A, corporate alliances and partnership relationships. As it is getting more vigorous, we have hired Gregg Holtmeier to help blueprint and realize meaningful,…
Lindenhurst, NY—- 04/01/2024– Living in Long Island and the NYC area has unique benefits and potential risks like flooding. While the reasons behind changing weather patterns might be debated, one fact remains clear: flooding is a significant threat and ranks among the costliest natural disasters in the US. This is where flood insurance steps in. Flood insurance…
Lindenhurst, NY—- 04/01/2024– For those looking for the right car insurance in Lindenhurst, Brooklyn, Amityville, Babylon, Deer Park, Farmingdale, or Massapequa, NY, look no further than First Choice Insurance! They offer a variety of policies to fit one's needs and budget, and their experienced agents are here to help clients find the best auto insurance in Queens and…
San Mateo, CA—- 04/01/2024– In business, unforeseen circumstances can quickly turn into financial nightmares. Liability insurance acts as a crucial safeguard, protecting one's company from the costs associated with legal claims and lawsuits. Concise Solutions Insurance Services caters to both small and large businesses, offering a variety of insurance…
We all hope to remain healthy and independent throughout our lives— but life can be unpredictable. You may never need any of these kinds of care, but the odds aren't necessarily in your favor: Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and support in their remaining years, according to the U.S. Department of…
–The ABLE National Resource Center announced today the launch of its 2024# ABLEtoSave campaign.# ABLEtoSave is a month-long grassroots education and informational campaign about Achieving a Better Life Experience accounts. The ABLE National Resource Center is founded and managed by National Disability Institute. "#ABLEtoSave Month is an opportunity for…
Somerset Reinsurance Ltd., a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, announced today the close of its reinsurance transaction with Prudential Financial, Inc.. The transaction includes $12.5 billion of reserves backing Prudential’ s guaranteed universal life policies issued by Pruco Life Insurance Company…
The CZU Lightning Complex wildfire that burned through the Santa Cruz Mountains in late summer 2020 was a wakeup call for Frank Bauerle. He wasted no time fireproofing his Ben Lomond home and neighborhood, clearing brush and screening vents against flying embers to bolster his property's resistance to flames. But amid an accelerating California insurance…
Bright Health’s CEO got a bigger bonus last year as the company completed its withdrawal from the health insurance business that once drove meteoric growth at Minnesota’s largest-ever IPO.
DETROIT, April 1, 2024- Molina Healthcare of Michigan, in partnership with Michigan Medicine, the University of Michigan's academic medical center, announced the Incentives2Quit Program, a completely virtual program to promote smoking cessation among Medicaid-enrolled expectant mothers in Michigan. This new program uses monetary incentives,…
PETERSBURG, Va., April 1, 2024- The Molina Healthcare Charitable Foundation, in collaboration with Molina Healthcare of Virginia, will partner with the American Heart Association to increase heart health for at-risk individuals in Petersburg. A $35,000 grant supports the overall mission of the American Heart Association, while focusing on reducing risk of…
–Conifer Holdings, Inc. today announced that it recently launched a strategic partnership with Palomar Holdings, Inc. aimed at providing comprehensive coverage tailored specifically for the cannabis industry on Palomar Specialty Insurance Company and Palomar Excess and Surplus Insurance Company paper. Management Comments Nick Petcoff, Conifer’ s CEO,…
NEW YORK, April 1, 2024/ PRNewswire-PRWeb/– NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, today announced the acquisition of the assets of SDN Insurance Agency. NFP acquired the assets of the firm from Financial Institutions, Inc., the parent company of Five Star Bank. Bill Gallagher, president of SDN,…