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Kantor & Kantor, LLP Launches Their Podcast, "Talking Insurance with Kantor & Kantor"

January 31, 2024

–Kantor& Kantor, LLP, renowned for its unwavering commitment to representing policyholders regarding their insurance claims for disability, long-term care, and life insurance benefits, announces the launch of its new podcast, " Talking Insurance with Kantor& Kantor." The podcast's authoritative content will be mainly provided by Glenn Kantor, one of the law…

Harford Mutual donates over $425,000 to charities [Baltimore Sun]

January 31, 2024

Harford Mutual Insurance Group, a property a casualty insurer based in Bel Air, donated more than $425,000 to 87 charitable organizations throughout 2023, according to a news release. The largest contributions were presented to The Boys and Girls Clubs of Harford and Cecil Counties, Habitat for Humanity Susquehanna, Harford Community Action Agency, Harford…

Insurance Companies Urged to Invest in Agricultural Insurance

January 31, 2024

Insurance companies in the Angolan market need to identify the best mechanisms to develop and disseminate agricultural insurance throughout the country to increase production and strengthen food security, the Finance Minister Vera de Daves de Sousa said Tuesday in Luanda. Speaking at the presentation ceremony of the results of study on the national…

Home insurance rate hike proposed

January 31, 2024

According to the N.C. Department of Insurance, the N.C. Rate Bureau has asked for the rate hikes. The rates would become effective Aug. 1. Public comments should be sent by Friday, Feb. 2, to [email protected].

How much does the average smoker cost over a lifetime?

January 30, 2024

Jan. 30— While cigarette smoking as a whole has declined in recent years, it is still the leading cause of preventable disease, disability and death in the U.S, according to the Centers for Disease Control and Prevention. Since 1964, smoking-related illnesses have claimed over 20 million lives in the U.S. According to the American Lung Association, tobacco use…

Best's Market Segment Report: AM Best Maintains Stable Outlook on Japan Non-Life Insurance Industry

January 30, 2024

AM Best is maintaining a stable outlook on Japan’ s non-life insurance industry, citing profitable and stable underwriting and a solid capital base amid financial market uncertainty. AM Best expects that the impact of the January 2024 earthquake in Japan will be manageable relative to the non-life segment’ s profit base, as most residential losses are…

Patent Issued for System and method for vegetation modeling using satellite imagery and/or aerial imagery (USPTO 11869192): General Electric Company

January 30, 2024

2024 JAN 30– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Dixon, III, Walter V, Jain, Arpit, Kumar, Achalesh, Miller, James Vradenburg, Yousefhussien, Mohammed, filed on November 6, 2020, was published online on January 9, 2024.

“Immune Profiling Using Small Volume Blood Samples” in Patent Application Approval Process (USPTO 20240011075): Patent Application

January 30, 2024

2024 JAN 30– By a News Reporter-Staff News Editor at Insurance Daily News– A patent application by the inventors Brown, David; Dobreva, Tatyana; Park, Jong Hwee; Thomson, Matthew W., filed on July 11, 2023, was made available online on January 11, 2024, according to news reporting originating from Washington, D.C., by NewsRx correspondents. This patent application has not…

Chubb Reports Record Fourth Quarter Per Share Net Income and Core Operating Income of $8.03 and $8.30, Up 156.5% and 107.5%, Respectively; Consolidated Net Premiums Written of $11.6 Billion, Up 13.4%, with P&C Up 12.5%; P&C Combined Ratio of 85.5%; Record Full-Year Per Share Net Income and Core Operating Income of $21.80 and $22.54, Up 75.9% and 48.5%, Respectively; Consolidated Net Premiums Written of $47.4 Billion, Up 13.5%, with P&C Up 9.9%; Record P&C Combined Ratio of 86.5%

January 30, 2024

–Chubb Limited today reported net income for the quarter ended December 31, 2023 of $3.30 billion, or $8.03 per share, and core operating income of $3.41 billion, or $8.30 per share. "As Adjusted": Financial data for 2022 is adjusted, as applicable, and presented in accordance with the LDTI U.S. GAAP guidance adopted on 1/ 1/ 2023. For the year ended December 31, 2023, net…

An Application for the Trademark “HEALTH NET FEDERAL SERVICES” Has Been Filed by Centene: Centene

January 30, 2024

2024 JAN 30– By a News Reporter-Staff News Editor at Defense& Aerospace Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ HEALTH NET FEDERAL SERVICES” by Meredith P. Gammill, representing Centene. This application was made available to the public on January 13, 2024.

Financial Supplement December 2023

January 30, 2024

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. Validus Holdings, Validus Specialty, and their respective subsidiaries collectively are referred to herein as " Validus." This financial supplement includes certain financial measures…

RenaissanceRe Reports $1.6 Billion of Quarterly Net Income Available to Common Shareholders and $623.1 Million of Quarterly Operating Income Available to Common Shareholders in Q4 2023.

January 30, 2024

PEMBROKE, Bermuda—- RenaissanceRe Holdings Ltd. today announced its financial results for the fourth quarter and full year 2023.. On November 1, 2023, the Company completed its acquisition of Validus Holdings, Ltd., Validus Specialty, LLC and the renewal rights, records and customer relationships of the assumed treaty reinsurance business of Talbot…

Fidelis Insurance Holdings Limited to Report 2023 Fourth Quarter Results on February 29

January 30, 2024

PEMBROKE, Bermuda—- Fidelis Insurance Holdings Limited, today announced that it expects to release financial results for the fourth quarter ended December 31, 2023 on Thursday, February 29, 2024 after the close of the financial markets. Dan Burrows, Group Chief Executive Officer, and Allan Decleir, Group Chief Financial Officer, will host an investor…

Unum Group Reports Fourth Quarter 2023 Results

January 30, 2024

–Unum Group today reported net income of $330.6 million for the fourth quarter of 2023, compared to net income of $289.2 million for the fourth quarter of 2022.. Included in net income for the fourth quarter of 2023 is the after-tax amortization of the cost of reinsurance of $8.7 million, the after-tax impact of non-contemporaneous reinsurance of $6.6 million…

U-Haul Holding Company Announces the Retirement of Oxford Life Insurance Company President Mark Haydukovich

January 30, 2024

U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, announced today that Mark Haydukovich, President of Oxford Life Insurance Company, will retire after a 45- year career. “Mark came to work at Oxford shortly after it became part of AMERCO.

Celina Insurance Group employee earns designation

January 30, 2024

CELINA— Taylor Schmitz, an associate compliance analyst at Celina Insurance Group, recently earned the Chartered Property Casualty Underwriter designation. A graduate of Bowling Green State University, Schmitz has been with Celina for four years. Celina Insurance Group is comprised of four mutual property and casualty insurance companies.

LCS projecting $17.7 million budget deficit

January 30, 2024

Facing both estimated increases in utility and health insurance costs and the upcoming loss of CARES funding, Lynchburg City Schools officials are grappling with a $17.7 million budget deficit, according to Superintendent Crystal Edwards preliminary fiscal year 2025 budget presentation. Edwards has a Jan. 31 deadline to give a preliminary funding…

Is it time to supplement long-term care insurance?

January 30, 2024

We bought $100 per day with three percent inflation. Our $100 is up over $200 per day. Dear Long-Term Doubts: The statistics today show the average person's long-term care stay in North Dakota is now up to $93,020 per year per resident in North Dakota.

Napa Common Cents: Living longer means more need for long-term care insurance

January 30, 2024

When I meet with couples, I often ask about longevity. This question usually creates playful moments between spouses; jokes about marrying the pool boy or being worth more dead than alive are ways couples bring levity to an unpleasant thought. While longevity may make for playful material, there are far-reaching implications, particularly as women outlive men…

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