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AM Best Assigns Credit Ratings to Coalition Insurance Company
--(BUSINESS WIRE)-- AM Besthas assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit rating of “a-” (Excellent) to. ). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect CIC’s balance sheet strength, which AM Best assesses as very strong, as...
Eberl Claims Service Announces Acquisition of Transcynd Claim Partners
LAKEWOOD, Colo. , Jan. 30, 2023 (GLOBE NEWSWIRE) -- Eberl Claims Service , a leading provider of claims management solutions, is pleased to announce the acquisition of. , with both businesses now operating together as a unified force in the industry. Founded in 2006, legacy companies,. Winkler Treger and Associates.
While financial firms put ‘a lot of energy’ toward diversity, results mixed
Two employment trends are running concurrently in financial services: intense competition for talent and a industrywide push for diversity. The state of both is a mixture of good and bad, said Chip Roame, founder and managing partner of Tiburon Strategic Advisors. "The war for talent seems like it's alive and...
Scott Boutin named President of Standard Security Life, will succeed retiring Gary Balzofiore
NEW YORK --(BUSINESS WIRE)-- , president of Standard Security Life Insurance Company of New York. , senior vice president and Chief Claims Officer for. , has been named his successor, according to Reliance President. . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230130005007/en/. Scott Boutin. , Senior...
Arch Insurance North America Announces Lauren Dieterich as Chief Operating Officer
--(BUSINESS WIRE)-- Arch Insurance North America (Arch) today announced that has joined the Company as Chief Operating Officer. She reports to. , and will be a member of the North American executive leadership team. Dieterich has more than 20 years of specialty insurance experience, most recently serving as Head of...
New York Life Names Naïm Abou-Jaoudé as CEO of New York Life Investment Management
America's largest mutual life insurer1, today announced that Naïm Abou-Jaoudé has been named Chief Executive Officer of New York Life Investment Management (NYLIM)2. Mr. Abou-Jaoudé is currently the CEO of. Candriam. , a global multi-specialist asset manager with. $149 bn. of assets under management3, active in...
Patent Issued for Method and system for optimizing dynamic user experience applications (USPTO 11550565): State Farm Mutual Automobile Insurance Company
-- According to news reporting originating from Alexandria, Virginia , by NewsRx journalists, a patent by the inventors Kalmes, Dan (. The assignee for this patent, patent number 11550565, is. State Farm Mutual Automobile Insurance Company. (. Bloomington, Illinois. ,. United States. ). Reporters obtained the following quote from the...
Health insurance as a fuel for medical progress: International Institute for Applied Systems Analysis
-- A new study argues that expanding health insurance coverage can drive medical progress, support wellbeing, and even extend lifespan in. There is a long-standing debate on whether rolling out health insurance toward high levels of coverage is desirable. For countries with non-existent or only patchy coverage, expanding health insurance would certainly be beneficial. However, in high-income settings where basic coverage is already granted the question remains open.
ExecutivePerils Launches Next Generation of Employment Practice Liability Insurance: EPL + WHIP
Company and independent wholesaler dedicated to providing excellent service with value added expertise, is pleased to announce the launch of their new insurance policy, EPL+WHIP ®. This innovative new product combines wage & hour insurance protection (WHIP) coverage with cutting-edge employment practice liability (EPL) coverage. EPL+WHIP® was created to...
Cheche Technology, a Leading Independent Technology Platform for Auto Insurance in China, to be Publicly Listed Through a Merger with Prime Impact Acquisition I (NYSE: PIAI)
Established in 2014, Cheche Technology has pioneered digitizing and empowering the insurance ecosystem to transform industry performance and consumer experience in. through its national transaction platform and SaaS offerings. Cheche Technology’s primary focus lies in the P&C insurance market in. China. , in which auto insurance is the largest,...
SLK Software and V-Labs join With CNA to Deploy AI Technologies for Intelligent Automation of Insurance Business Processes
The companies commit to achieving high-level performance, efficiency, and turnaround time. --(BUSINESS WIRE)-- , a global technology services firm, andV-Labs, an AI company, aligned with. , a leading. U.S. -based insurance provider, to deploy an enterprise-wide AI-led intelligent automation solution to accelerate and transform CNA's intake automation for new business...
Aspen Appoints Mike Duffy To U.K. Boards
--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) is pleased to announce that. (“AIUK”) Boards as a Non-Executive Director, effective. Mike will join the AMAL and AIUK (together, “Aspen U.K.”) Boards as Senior Independent Non-Executive Director (“SID”), Chair of the Nominations Committee, and Chair of the Governance Committee, subject to regulatory approval.
Wells Fargo CEO won’t see a raise this year, as his compensation stays at $24.5 million
Wells Fargo CEO won’t get a raise this year, according to a recent securities filing from the bank. Scharf asked the bank’s board of directors to keep his pay for 2022 the same as the prior year, at. $24.5 million. in total compensation, the bank stated. That includes...
Coalition Launches Coalition Insurance Company
--(BUSINESS WIRE)-- Coalition, the world’s first. provider designed to prevent digital risk before it strikes, today announced the launch of. carrier. The launch of CIC, which recently received an A- rating from. A.M. Best. , is a major milestone for Coalition with the expansion of its available capacity in...
Why this week's Fed vs. markets showdown could decide fate of early 2023 stock rally
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% to 4.5%, must rise above 5% and,…
STAT+: ‘Everybody has blood on their hands’: A decade-long battle over Medicare Advantage audits is coming to a head
"Medicare Advantage plans have been trying to put [this] off for as long as possible because the money’s great. Their profit margins are huge." This article is available to Insider Pro subscribers only. Sign in or register to be an Insider Pro and access ALL LOCKED articles.
What recession? Inflation, GDP offer hope for 'soft landing'
CBS - 3 WRBL (Columbus, GA) Perhaps a 2023 recession can be avoided after all. Consistently falling prices alongside a stronger-than-expected fourth-quarter gross domestic product (GDP) and next week's anticipated less aggressive interest rate hike from the. Federal Reserve. are changing economists' tune and renewing hopes about the overall health...
U.S. inflation and consumer spending cooled in December
WASHINGTON— The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell— the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Friday's report from the Commerce Department showed that prices rose 5% last month from a year earlier, down from a 5.5% year-over-year increase in…
Fed can send a big message this week with a small bump in key interest rate
How can a smaller move send a big message? That’s the dilemma the Federal Reserve. finds itself in as it meets this week to discuss its a target short-term interest rate. There’s no doubt the central bankers will raise the borrowing rate for the eighth consecutive meeting in the ongoing effort to tamp down generational-high inflation. And there’s no doubt on.
Insurance Agencies Market Size Expected To Reach $156 Billion By 2027
The Business Research Company’s Insurance Agencies Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032" -- The Business research company.

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