With a continuing commitment to local communities, Wells Fargo& Company today announced a $400,000 donation from the Wells Fargo Foundation to aid in the state’ s relief efforts as well as accommodations for affected customers, team members and more. Kincade Wildfire American Red Cross*: $150,000 Salvation Army: $100,000 California Fire Foundation: $50,000.
The Environmental Protection Agency issued the following news release:. Today, the U.S. Environmental Protection Agency announced that it is proposing to add the Henryetta Iron and Metal site in Henryetta, Oklahoma, to the Superfund National Priorities List. “Our commitment to communities with sites on the National Priorities List is that they are a true…
Tiptree Inc. will hold a conference call and live webcast on Thursday, November 7, 2019 at 9 AM ET to discuss the Company’ s third quarter 2019 results. A replay of the call will be available from Thursday, November 7, 2019 at 1:00 p.m. Eastern Time, until midnight Eastern on Thursday, November 14, 2019. Tiptree Inc. is a holding company that combines insurance…
—Authorities say video of a southwest Indiana police officer fatally shooting a man who had a hammer appears to back up the officer’s claim that he believed the man reached for a gun. Terry W. Chanley of Wadesville was killed by the Evansville police officer Monday following a traffic accident. The department released body-cam video Wednesday that shows the…
Oct. 30– California’s high-speed rail system has been a slow-motion train wreck since 2008, when voters approved an initiative providing nearly $10 billion in bonds to fund a starter segment of a system to connect San Francisco to Los Angeles. There’s no need for it, given that Southwest Airlines already takes passengers from L.A. to the Bay Area quicker and…
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the availability of Majesco Cloud solutions in the Microsoft Azure Marketplace. This announcement expands the relationship by having Majesco CloudInsurer™ solutions including Majesco P&C Core Suite and Majesco L&A as well as the…
Radian Group Inc. today reported net income for the quarter ended September 30, 2019, of $173.4 million, or $0.83 per diluted share. Book value per share at September 30, 2019, was $19.40, an increase of 5 percent compared to $18.42 at June 30, 2019, and an increase of 24 percent compared to $15.69 at September 30, 2018. Mortgage insurance NIW was $22.0 billion for the…
–Healthpeak Properties, Inc., formerly known as HCP, Inc., today announced results for the third quarter ended September 30, 2019. –Changed name from HCP, Inc. to Healthpeak Properties, Inc. and website URL to www.healthpeak.com effective October 30, 2019, with name change and ticker symbol change to “PEAK” to become effective on the New York Stock Exchange on…
MetLife, Inc. today announced its results for the third quarter ended September 30, 2019. Net income of $2.2 billion, or $2.30 per share, compared to net income of $880 million, or $0.88 per share, in the third quarter of 2018. Adjusted earnings of $1.2 billion, or $1.27 per share, compared to adjusted earnings of $1.4 billion, or $1.38 per share in the third quarter of…
Universal Insurance Holdings reported 2019 third quarter diluted EPS of $0.59 on a GAAP basis and $0.61 non-GAAP adjusted EPS. 1 Total revenue was up 11.4% from the year-ago quarter to $229.6 million. “We achieved double digit revenue growth for both the third quarter and year-to-date periods, with solid profitability, resulting in a strong year-to-date…
–HCP, Inc. announced today that it has changed its name to Healthpeak Properties, Inc., effective today. Healthpeak’s common stock is expected to begin trading under its new name and ticker symbol “PEAK” on the New York Stock Exchange at the opening of trading on November 5, 2019. “Changing our name to Healthpeak Properties represents the culmination of efforts to…
Lincoln Financial Group today reported a net loss for the third quarter of 2019 of $161 million, or$ per diluted share available to common stockholders, compared to net income in the third quarter of 2018 of $490 million, or $2.24 per diluted share available to common stockholders. “Appropriate adjustments to our assumptions, including interest rates, as part of…
In addition, AM Best has affirmed the Long-Term ICRs and the Long-Term Issue Credit Ratings of“ a-” of Alleghany Corporation and Transatlantic Holdings, Inc. Alleghany and Transatlantic Holdings, Inc. are headquartered in New York, NY. Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of RSUI Indemnity Company and its reinsured…
Net premiums written increased 4% GAAP combined ratio was 95.2% After-tax net investment income was up 6%, to $45 million Annualized return on equity was 10.7% and non-GAAP operating ROE 1 was 11.2%. Selective Insurance Group, Inc. today reported its financial results for the third quarter ended September 30, 2019. The third quarter results were impacted by:…
–The Hanover Insurance Group, Inc. today reported net income of $118.9 million, or $2.96 per diluted share, in the third quarter of 2019, compared to $100.4 million, or $2.33 per diluted share, in the prior-year quarter. The difference between net and operating income in the third quarter of 2019 is primarily due to an after-tax increase in the fair value of equity…
United Insurance Holdings Corp., a property and casualty insurance holding company, today reported its financial results for the third quarter ended September 30, 2019. “We recorded solid improvements in our underlying loss and combined ratios during the quarter, while continuing to grow our book at an annualized rate of over 10%,” said John Forney, President&…
Its move strikes a sharp contrast with Facebook, which continues to defend running paid political ads, even false ones, as a free speech priority. Facebook has taken fire since it reiterated in September that it will not fact-check ads by politicians or their campaigns, which could allow them to lie freely. During Facebook’ s conference call for earnings, which…
Sabra Health Care REIT, Inc. today announced results of operations for the third quarter of 2019.. Senior Housing- Managed growth was quite strong. Same store Skilled Nursing/Transitional Care and Senior Housing occupancy ticked up.
Net income for the quarter ended September 30, 2019 was $15.6 million, or $1.01 per diluted share, compared to net income of $28.9 million, or $1.88 per diluted share, for the comparable 2018 period. Net income for the nine months ended September 30, 2019 was $71.5 million, or $4.64 per diluted share, compared to net income of $64.8 million, or $4.24 per diluted share,…
