Insurance in the United States

Demotech Affirms the Financial Stability Rating® Assigned to Clearcover Insurance Company, Inc.

Retrieved on: 
Wednesday, May 19, 2021

b'COLUMBUS, Ohio, May 17, 2021 /PRNewswire/ -- The Financial Stability Rating (FSR) of A, Exceptional, assigned to Clearcover Insurance Company, Inc. has been affirmed by Demotech, Inc.

Key Points: 
  • b'COLUMBUS, Ohio, May 17, 2021 /PRNewswire/ -- The Financial Stability Rating (FSR) of A, Exceptional, assigned to Clearcover Insurance Company, Inc. has been affirmed by Demotech, Inc.
  • FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC).
  • Keep in touch at @clearcover or https://www.facebook.com/Clearcoverinc/ .\nDemotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.
  • Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings (FSRs) for Property & Casualty insurers and Title underwriters.

American Financial Group, Inc. Management to Participate in Virtual Meetings Hosted by Piper Sandler

Retrieved on: 
Tuesday, May 18, 2021

Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets.

Key Points: 
  • Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets.
  • On January 27, 2021, AFG announced that it entered into a definitive agreement to sell its annuity business to Massachusetts Mutual Life Insurance Company.
  • The sale is expected to close in the second quarter of 2021.
  • Great American Insurance Group\xe2\x80\x99s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005762/en/\n'

Valmark Financial Group Launches Its TOPS® ETF Portfolios Within John Hancock's Suite Of Variable Insurance Solutions

Retrieved on: 
Friday, May 14, 2021

b'AKRON, Ohio, May 14, 2021 /PRNewswire/ --ValmarkFinancial Group today announced the launch of its TOPS ETF Portfolios as investment options within the variable life insurance solutions offered by John Hancock.The addition of John Hancockfurther solidifies TOPS as the leading independent provider of ETF Portfolios within the life insurance and annuity market.

Key Points: 
  • b'AKRON, Ohio, May 14, 2021 /PRNewswire/ --ValmarkFinancial Group today announced the launch of its TOPS ETF Portfolios as investment options within the variable life insurance solutions offered by John Hancock.The addition of John Hancockfurther solidifies TOPS as the leading independent provider of ETF Portfolios within the life insurance and annuity market.
  • "However, we believed early on that the TOPS Portfolios belonged alongside other high quality investment choices as a viable engine to power variable-based insurance contracts.
  • "John Hancock was an early pioneer in the variable space and has always been a favored insurance solution by our Member Firms.
  • To learn more about Valmark Financial Group, visit www.valmarkfg.com .\nSecurities offered through Valmark Securities, Inc.

First American Financial Corporation Declares Quarterly Cash Dividend of 46 Cents Per Share

Retrieved on: 
Wednesday, May 12, 2021

b'First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that its board of directors has declared a quarterly cash dividend of 46 cents per common share.\nThe cash dividend is payable on June 15, 2021 to shareholders of record as of June 8, 2021.\nFirst American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889.

Key Points: 
  • b'First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that its board of directors has declared a quarterly cash dividend of 46 cents per common share.\nThe cash dividend is payable on June 15, 2021 to shareholders of record as of June 8, 2021.\nFirst American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889.
  • First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; banking, trust and wealth management services; and other related products and services.
  • With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad.
  • In 2021, First American was named to the Fortune 100 Best Companies to Work For\xc2\xae list for the sixth consecutive year.

Sapiens Launches BotConnect and LiveConnect - Its Newly Enhanced DigitalSuite Components

Retrieved on: 
Wednesday, May 12, 2021

"Sapiens enables insurers to promote more personalized communications and meet increased customer expectations.

Key Points: 
  • "Sapiens enables insurers to promote more personalized communications and meet increased customer expectations.
  • "\nSapiens\' module-based DigitalSuite enables insurers to select the specific components that address the challenges unique to their business needs, essentially delivering digital their way.
  • The ability to mix and match components provides exceptional value and allows carriers to transform current technology into a future-ready solution at their own pace.
  • Sapiens offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers\' compensation and financial markets.

Sapiens Launches BotConnect and LiveConnect - Its Newly Enhanced DigitalSuite Components

Retrieved on: 
Wednesday, May 12, 2021

"Sapiens enables insurers to promote more personalized communications and meet increased customer expectations.

Key Points: 
  • "Sapiens enables insurers to promote more personalized communications and meet increased customer expectations.
  • "\nSapiens\' module-based DigitalSuite enables insurers to select the specific components that address the challenges unique to their business needs, essentially delivering digital their way.
  • The ability to mix and match components provides exceptional value and allows carriers to transform current technology into a future-ready solution at their own pace.
  • Sapiens offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers\' compensation and financial markets.

NCCI Reveals 2020 Workers Compensation Metrics

Retrieved on: 
Tuesday, May 11, 2021

b'BOCA RATON, Fla., May 11, 2021 /PRNewswire/ --The National Council on Compensation Insurance (NCCI) today revealed in-depth data on the performance of the US workers compensation system in 2020.

Key Points: 
  • b'BOCA RATON, Fla., May 11, 2021 /PRNewswire/ --The National Council on Compensation Insurance (NCCI) today revealed in-depth data on the performance of the US workers compensation system in 2020.
  • However, private insurers posted a profitable calendar year combined ratio of 87, the fourth straight year with a combined ratio below 90 for workers compensation insurance.\n"The workers compensation system has been strong and resilient," said NCCI Chief Actuary Donna Glenn.\n"The pandemic was the moment to rise to the challenge, and the workers compensation system did so with integrity," said Bill Donnell, President and CEO of NCCI.
  • "Our workers compensation system is fulfilling its noble mission to help injured workers.
  • These activitiescombined with a comprehensive set of tools and servicesmake NCCI the source you trust for workers compensation information.\n'

AM Best Affirms Credit Ratings of Talcott Resolution Life, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, May 11, 2021

b'AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9cbbb+\xe2\x80\x9d of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company.

Key Points: 
  • b'AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \xe2\x80\x9cbbb+\xe2\x80\x9d of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company.
  • These companies are domiciled in Windsor, CT, and collectively are referred to as Talcott Resolution Group (Talcott Resolution).
  • Additionally, AM Best has affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d of Talcott Resolution Life, Inc. (Delaware), along with its Long-Term Issue Credit Ratings (Long-Term IRs).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .

New York Life Donates $300,000 to Help Fight India’s COVID-19 Crisis

Retrieved on: 
Tuesday, May 11, 2021

Through its mass awareness and prevention drive, AIF is now working to shore up supplies of medical oxygen amid rising demand for beds.\nSince the pandemic began, New York Life and the New York Life Foundation have provided over $34 million to support COVID-19 programs and relief efforts.

Key Points: 
  • Through its mass awareness and prevention drive, AIF is now working to shore up supplies of medical oxygen amid rising demand for beds.\nSince the pandemic began, New York Life and the New York Life Foundation have provided over $34 million to support COVID-19 programs and relief efforts.
  • Headquartered in New York City, New York Life\xe2\x80\x99s family of companies offers life insurance, retirement income, investments and long-term care insurance.
  • New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies**.\nNew York Life Group Benefit Solutions products and services are provided exclusively by or through Life Insurance Company of North America (\xe2\x80\x9cLINA\xe2\x80\x9d) or Cigna Life Insurance Company of New York (New York, NY) (\xe2\x80\x9cCLICNY\xe2\x80\x9d), or by or through affiliates or subsidiaries of Cigna Corporation and reinsured by LINA.
  • LINA is not authorized in New York and does not conduct insurance business in New York.\n*Based on revenue as reported by \xe2\x80\x9cFortune 500 ranked within Industries, Insurance: Life, Health (Mutual),\xe2\x80\x9d Fortune magazine, 5/18/2020.

Blue Shield of California Provides $300,000 to Support Youth Development, Social Justice, and Health Equity in Communities of Color

Retrieved on: 
Friday, May 7, 2021

We are grateful for Blue Shield\'s support to help us reach even more youths in need.

Key Points: 
  • We are grateful for Blue Shield\'s support to help us reach even more youths in need.
  • Blue Shield of California is a tax paying, nonprofit, independent member of the Blue Shield Association with over 4.5 million members, over 7,500 employees and more than $21 billion in annual revenue.
  • Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare healthcare service plans in California.
  • The company has contributed more than $150 million to Blue Shield of California Foundation in the last four years to have an impact on California communities.\nFor more news about Blue Shield of California, please visit news.blueshieldca.com .\n'