Insurance companies

NYCM Insurance Named Among the Top Ten Best Companies to Work for in New York State

Retrieved on: 
Tuesday, August 3, 2021
Insurance, Edmeston, Insurance in the United States, Financial services in the United States, Insurance companies

EDMESTON, N.Y., Aug. 3, 2021 /PRNewswire/ --NYCM Insurance has been ranked among the top ten in this year's list of 2021 Best Companies to Work for in New York.

Key Points: 
  • EDMESTON, N.Y., Aug. 3, 2021 /PRNewswire/ --NYCM Insurance has been ranked among the top ten in this year's list of 2021 Best Companies to Work for in New York.
  • The 2021 Best Companies to Work for in New York list is made up of 70 companies selected based on a two-part evaluation, where each nominated company's policies, practices, philosophy, systems, demographics, and employee experience are reviewed.
  • "From the beginning, our goal has been to make NYCM Insurance an amazing place to work for the dedicated and passionate employees who provide care to our customers."
  • About NYCM.NYCM Insurance is a property and casualty insurance carrier that has been providing coverage to residents and businesses in New York since 1899.

Boston Business Journal Names Boston Mutual Life Insurance Company Among the Most Charitable Companies in Massachusetts

Retrieved on: 
Tuesday, August 3, 2021
Mutual Life Insurance Company, Mutual organization, Insurance, Insurance companies, Cooperatives, Organizations, Liberty Mutual, Demutualization

"While Boston Mutual Life Insurance Company has always valued charitable efforts, the unexpected events of this past year have reinforced how important it is to give back.

Key Points: 
  • "While Boston Mutual Life Insurance Company has always valued charitable efforts, the unexpected events of this past year have reinforced how important it is to give back.
  • The Boston Business Journal is the region's premier business media organization, one of 44 markets owned by American City Business Journals.
  • Founded as a progressive life insurance company in 1891, Boston Mutual Life Insurance Company is a national carrier that provides insurance solutions designed for working Americans and their families, as well as enrollment and billing options at the workplace.
  • With its home office based in Canton, Massachusetts, as a mutual company, Boston Mutual Life is dedicated to acting in the best interests of its policyholders, producers, employees, and its communities.

Assurant Closes $1.35 Billion Sale of Global Preneed Business

Retrieved on: 
Monday, August 2, 2021
Professional services, Data management, Technology, Insurance, Mobile, Wireless, Software, Internet, Insurance companies, Assurant, Service companies, Insurance, CUNA Mutual Group, AIZ

Assurant, Inc. (NYSE:AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced it closed the sale of its prearranged funeral insurance and final expense business, Global Preneed, and related legal entities and assets to CUNA Mutual Group , a broad financial services provider, for approximately $1.35 billion in cash.

Key Points: 
  • Assurant, Inc. (NYSE:AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced it closed the sale of its prearranged funeral insurance and final expense business, Global Preneed, and related legal entities and assets to CUNA Mutual Group , a broad financial services provider, for approximately $1.35 billion in cash.
  • I want to thank all Global Preneed employees for their dedication to serving their two million policyholders and for building a business that will be a great strategic fit as a part of CUNA Mutual Group.
  • The Global Preneed sale will generate approximately $1.2 billion of net proceeds.
  • Assurant, Inc. (NYSE: AIZ) is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases.

Colony Bankcorp Completes Previously Announced Acquisitions of SouthCrest Financial Group and The Barnes Agency

Retrieved on: 
Monday, August 2, 2021
Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Banking, Small business, Professional services, Residential Building & Real Estate, Insurance companies, Allstate, Insurance, Southcrest, San Diego, Companies

Colony Bankcorp, Inc. (Nasdaq: CBAN) (Colony or the Company) today announced that it has completed the acquisition of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A.

Key Points: 
  • Colony Bankcorp, Inc. (Nasdaq: CBAN) (Colony or the Company) today announced that it has completed the acquisition of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A.
  • Additionally, the Company announced it has completed the acquisition of The Barnes Agency, an Allstate appointed consumer property and casualty insurance agency in Macon, GA and has created a subsidiary to operate the Allstate agency under the name Colony Insurance.
  • Commenting on the announcement, Heath Fountain, President and Chief Executive Officer, said, The acquisition of SouthCrest is a significant milestone in the growth trajectory of Colony Bank.
  • Fountain continued, We also look forward to leveraging the strengths of The Barnes Agency to grow Colony Insurance by providing outstanding consumer insurance solutions to our customers.

Great American Insurance Group Adds Youth Sports Accident & Health Coverage to its Pomi Digital Portal

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Internet, Finance, Professional services, Technology, Primary, Secondary, Education, Other Technology, Service companies, Insurance, Financial services in the United States, Insurance companies, American Modern Insurance Group, Nationwide Mutual Insurance Company, POMI (GREAT AMERICAN’S ACCIDENT & HEALTH DIVISION, GREAT AMERICAN INSURANCE GROUP

Great American Insurance Groups Accident & Health (A&H) Division launched a new product offering for users of its digital portal, known as pomiSM.

Key Points: 
  • Great American Insurance Groups Accident & Health (A&H) Division launched a new product offering for users of its digital portal, known as pomiSM.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
  • Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses.
  • The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

AM Best Affirms Credit Ratings of Assurant, Inc. and Certain Subsidiaries

Retrieved on: 
Thursday, July 22, 2021
Professional services, Insurance, Finance, Finance, Money, Insurance companies, Credit, Actuarial science, Assurant, Insurance, Credit rating, Reinsurance, Credit card

AM Best also has affirmed the Long-Term ICR of bbb+ (Good) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of Assurant.

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of bbb+ (Good) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of Assurant.
  • The outlook of these Credit Ratings (ratings) is stable.
  • Somewhat offsetting these positive ratings factors is the groups exposure to natural catastrophes and its heavy use of third-party reinsurance.
  • The credit insurance business adds to overall product diversity for Assurant; however, this group of companies primarily offers credit insurance products to credit card related debt.

Northwestern Mutual Grants $295,000 To Childhood Cancer Nonprofits Through Childhood Cancer Impact Awards

Retrieved on: 
Thursday, July 22, 2021
Insurance companies, Northwestern Mutual, Mutual Life Insurance Company, Insurance, Financial services in the United States

Since 2014, the company's Childhood Cancer Impact Awards has donated nearly $2.3 million in grants on behalf of the winning offices to childhood cancer nonprofits nationwide.

Key Points: 
  • Since 2014, the company's Childhood Cancer Impact Awards has donated nearly $2.3 million in grants on behalf of the winning offices to childhood cancer nonprofits nationwide.
  • The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need.
  • Our efforts are focused nationally on curing childhood cancer, and locally on education, neighborhoods and making our hometown ofMilwaukeea great destination.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

State Farm Selects intelliflo to Give Agents a New, Easy-to-Use Digital Wealth Platform to Expand Financial Advice Services

Retrieved on: 
Wednesday, July 21, 2021
Insurance companies, Insurance, Finance, Invesco, State Farm

Offering a better investing experience is critical to deepening the relationship State Farm agents have with customers, as well as expanding the scope of investment products and services available to State Farm customers.

Key Points: 
  • Offering a better investing experience is critical to deepening the relationship State Farm agents have with customers, as well as expanding the scope of investment products and services available to State Farm customers.
  • On a platform powered by intelliflo, State Farm agents will be able to recommend brokerage and advisory products
    State Farm recently selected intelliflo as a partner to deliver a compelling digital investment experience for both customers and agents.
  • This includes migrating State Farm's brokerage business onto the intelliflo platform for easier access by agents, while at the same time providing customer self-service tools.
  • intelliflo is able to provide a comprehensive digital wealth platform for State Farm as the company was recently formed from five established financial technology companies owned by Invesco (NYSE: IVZ), spanning financial planning, practice management, portfolio management solutions, digital advisory, and managed services.

Community Champions Nominated for Allstate's 30th AFCA Good Works Team®

Retrieved on: 
Wednesday, July 21, 2021
Allstate, Insurance companies, Companies, Insurance

NORTHBROOK, Ill., July 21, 2021 /PRNewswire/ --Allstate and the American Football Coaches Association (AFCA) announced today nominees for the 2021 Allstate AFCA Good Works Team, the 30th year of this storied recognition.

Key Points: 
  • NORTHBROOK, Ill., July 21, 2021 /PRNewswire/ --Allstate and the American Football Coaches Association (AFCA) announced today nominees for the 2021 Allstate AFCA Good Works Team, the 30th year of this storied recognition.
  • The final 22-member team and honorary coach are selected by a voting panel of former Allstate AFCA Good Works Team members and journalists.
  • After the final team members are announced in September, fans can cast their vote for this year's Allstate AFCA Good Works Team captain through the official page on ESPN.com.
  • Established in 1992, the Allstate AFCA Good Works Team is one of the most coveted community service awards in college football.

State Farm Selects intelliflo to Give Agents a New, Easy-to-Use Digital Wealth Platform to Expand Financial Advice Services

Retrieved on: 
Wednesday, July 21, 2021
Insurance companies, Insurance, Invesco, Finance, State Farm

Offering a better investing experience is critical to deepening the relationship State Farm agents have with customers, as well as expanding the scope of investment products and services available to State Farm customers.

Key Points: 
  • Offering a better investing experience is critical to deepening the relationship State Farm agents have with customers, as well as expanding the scope of investment products and services available to State Farm customers.
  • State Farm recently selected intelliflo as a partner to deliver a compelling digital investment experience for both customers and agents.
  • This includes migrating State Farm's brokerage business onto the intelliflo platform for easier access by agents, while at the same time providing customer self-service tools.
  • intelliflo is able to provide a comprehensive digital wealth platform for State Farm as the company was recently formed from five established financial technology companies owned by Invesco (NYSE: IVZ), spanning financial planning, practice management, portfolio management solutions, digital advisory, and managed services.