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EDITORIAL: Feds wise to challenge wasteful Calsavers plan

September 27, 2019

Sep. 27– California has dug a deep hole with the public pension plans that provide taxpayer-backed retirements for government employees. Calsavers went into effect in July to help private workers save for their Golden Years. Fortunately, the Trump administration has weighed in this month on behalf of a Howard Jarvis Taxpayers Association legal challenge to…

Census data shows more Fort Worth residents below poverty level, drop in median income

September 27, 2019

Sep. 27– AUSTIN– As Texas saw a rise in its poverty rate, income inequality and the number of people living without health insurance from 2017-2018, Fort Worth and Tarrant County saw slight increases at a local level, according to new U.S. Census Bureau data. The new estimates released Thursday by the Census Bureau show that the percent of people whose income was…

September 27, 2019

Combined Insurance Encourages Consumers to Learn About the Benefits of Life Insurance

–Combined Insurance, a Chubb company, is encouraging consumers to educate themselves about the benefits and protection that having a life insurance policy offers. Each September, Life Insurance Awareness Month is organized by Life Happens, a nonprofit organization dedicated to helping Americans take personal financial responsibility through the…

Benefits of senior placement services | Opinion

September 27, 2019

Sep. 27– Editor’s note: This is the third in a series of columns about seniors and their finances with information from local experts in the field and experiences of people dealing with financial hardships in their later years. “With a senior placement counselor who is doing his or her job properly, running out of money should be a rare occurrence,” says Michael…

CareSource CEO talks about future of company

September 27, 2019

Sep. 27– The new CEO of CareSource has brought new talent and a casual flair to the corporate culture of the Dayton- based insurance company. Erhardt Preitauer has been on the job since May 2018 as the second chief executive to lead CareSource, which grew over the last 30 years from a Dayton experiment in Medicaid management to a 2- million member insurer with a…

September 27, 2019

AM Best Affirms Credit Ratings of R.V.I. Guaranty Co., Ltd. and R.V.I. America Insurance Company

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of R.V.I. Guaranty Co., Ltd. and its subsidiary, R.V.I. America Insurance Company. The company has low financial flexibility despite maintaining a $15 million external line of credit. The company had earnings of $9.1 million in 2018 after its first loss in 2017…

Two Views: Austin City Council members are first responders to the climate crisis

September 27, 2019

Global warming-induced drought in Guatemala has caused widespread famine and led many to flee in search of food for their families. In response, the Trump Administration has cut aid to Guatemala and other Central American countries, denied asylum to the starving and tried to build a wall to cage them in. OTHER VIEW: Austin’s climate change plan rooted in…

Will Hurd: Trump Allegations ‘Disturbing,’ Will Consider 2024 Presidential Run

September 27, 2019

Will Hurd on Thursday said there are “a lot of disturbing allegations” in the whistleblower report against President Donald Trump and addressed the possibility of running for president in 2024.. He was in Austin on Thursday for an interview at The Texas Tribune Festival with the news organization’s CEO Evan Smith. “There are a lot of elements in there that I think…

Analysts see health insurers’ share price pummeled by political turmoil tied to Trump impeachment inquiry

September 27, 2019

Sep. 27– Share prices of several large health insurers are being pummeled by political turmoil in Washington following the announcement that the U.S. House of Representatives has begun an impeachment inquiry against President Donald Trump, analysts say. Shares of several insurers have dropped following the announcement Tuesday by Speaker Nancy Pelosi,…

North Bay fire survivors face financial hardship as insurers stop paying their living expenses

September 27, 2019

Sep. 27– Since retiring from her law practice, Robin Gabbert feels like she’s had a full-time job trying to rebuild after the devastating 2017 North Bay wildfires. Gabbert and her husband, Con Jager, are like thousands of other fire survivors who will not finish building new homes by the second anniversary of the fires in early October. Gabbert and Jager have been…

Local opinion: GM negotiators face 5 key issues in settling strike

September 27, 2019

Sep. 27– UAW Local 1853 members missed their first full check since the start of the strike against General Motors on Friday, but their health-insurance benefits were restored Thursday morning. UAW members will be receiving $250 a week from the union, with some getting their first check Sunday and others Monday. GM cut them off in a negotiating ploy against the…

PROGRESS: $140 million invested in Logansport businesses

September 27, 2019

Sep. 27– In the last 18 months, there has been more than $140 million invested in Logansport and Cass County businesses, either starting them up or improving them. “That’s only the ones I know of,” said Bill Cuppy, Executive Director of the Cass Logansport Economic Development Organization. In these investments, Logansport has seen a variety of development over those…

September 27, 2019

Chubb Limited to Hold its Third Quarter Earnings Conference Call on Wednesday, October 30, 2019

–Chubb Limited will hold its third quarter earnings conference call on Wednesday, October 30, 2019, beginning at 8:30 a.m. Eastern. The company expects to issue its third quarter earnings release and financial supplement after the market closes on Tuesday, October 29, 2019. A replay of the call will be available until Wednesday, November 13, 2019, and the…

September 27, 2019

AM Best Downgrades Credit Ratings of Royal Insurance Corporation of Bhutan Limited; Maintains Under Review With Negative Implications Status

AM Best has downgraded the Financial Strength Rating to C from B- and the Long-Term Issuer Credit Rating to“ ccc+” from“ bb-” of Royal Insurance Corporation of Bhutan Limited. In 2018, the company reported a marked decline in shareholders’ equity as a result of a post-tax operating loss of BTN 1.2 billion. The company continues to exhibit a very high concentration of…

Teen arrested after rollover near Santa Fe Rodeo Grounds

September 27, 2019

Sep. 27– A 14- year-old boy accused of crashing and rolling a stolen Jeep carrying four other youth near the Santa Fe Rodeo Grounds was arrested after the incident Wednesday evening. Some of the kids had run from the Jeep after the crash but were detained nearby and interviewed by officers, police said. The boy suspected of being the driver was found sitting on a curb…

September 27, 2019

AM Best Affirms Credit Ratings of Youi NZ Pty Limited

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Youi NZ Pty Limited. The outlook of these Credit Ratings is stable. These rating actions follow an announcement by Youi NZ on Sept. 24, 2019, that it has entered into an arrangement with Tower Insurance Limited, which is expected to result in TIL acquiring Youi NZ’…

September 27, 2019

AM Best Affirms Credit Ratings of Petrolimex Insurance Corporation

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and…

Get caught up on 47 local stories from this week

September 27, 2019

Christopher Floyd Boder, 31, and James Michael Peterson, 38, were arrested Tuesday in connection with the Sunday shooting death of Timothy Jon Nelson. Number of homeless households in Duluth jumps. Warrant issued for man who started Duluth synagogue fire.

September 27, 2019

AM Best Revises Outlooks to Positive for Briar Creek Mutual Insurance Company

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Briar Creek Mutual Insurance Company. BCMIC’ s operating performance is assessed as strong due to profitable underwriting results over the past ten years; a combined ratio that historically outperforms the…

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