State

AM Best Affirms Credit Ratings of Federated Underwriting Company

Retrieved on: 
Friday, January 13, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).
  • The ratings also reflect the credit enhancement received from its ultimate parent, State Street Corporation (State Street) [NYSE: STT].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Helbiz Announces Launch of E-Bike Fleet in Miami Dade

Retrieved on: 
Friday, January 13, 2023

Helbiz (NASDAQ:HLBZ) announced today the launch of a new fleet of e-bikes in Miami-Dade County, as part of its ongoing strategy to enhance vehicle availability and profitability in high-profit margin areas.

Key Points: 
  • Helbiz (NASDAQ:HLBZ) announced today the launch of a new fleet of e-bikes in Miami-Dade County, as part of its ongoing strategy to enhance vehicle availability and profitability in high-profit margin areas.
  • This new fleet of e-bikes, which will complement the existing fleet of over 250 e-scooters, will provide residents and visitors with additional sustainable and accessible transportation options for their everyday intra-urban travels.
  • Helbiz uses a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability.
  • Helbiz encourages residents and visitors to try them out and experience the benefits of our electric micro-mobility solutions.

Despite Inflation Concerns, HdL Companies Reports Continued Growth for California Sales Tax Returns in 3Q2022

Retrieved on: 
Thursday, January 12, 2023

“As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.

Key Points: 
  • “As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.
  • HdL is the leading provider of revenue enhancement technology and consulting services for local governments.
  • Each quarter, it reports on California’s sales tax receipts and impacts on local jurisdictions.
  • The automobile sector saw growth of 6% with new car dealers experiencing 10% gains compared to 2021.

Texas Gov. Greg Abbott to join 2023 NAPE Summit Governors Panel

Retrieved on: 
Thursday, January 12, 2023

Mark Gordon at the 2023 NAPE Summit to discuss the latest trends, issues and opportunities in today’s dynamic energy market.

Key Points: 
  • Mark Gordon at the 2023 NAPE Summit to discuss the latest trends, issues and opportunities in today’s dynamic energy market.
  • The Governors Panel is part of the NAPE Summit Energy Business Conference on Wednesday, Feb. 1.
  • “The 2023 Summit marks NAPE’s 30th anniversary and we are celebrating the big deal — NAPE style.
  • And up for grabs in the NAPE 30th anniversary Summit Sweepstakes Drawings: a 2023 Ford Bronco!

HCLTech to Modernize IT Operations for State Farm®

Retrieved on: 
Thursday, January 12, 2023

HCLTech will leverage its differentiated portfolio and proven execution capabilities to accelerate the modernization of its hybrid cloud environment for State Farm.

Key Points: 
  • HCLTech will leverage its differentiated portfolio and proven execution capabilities to accelerate the modernization of its hybrid cloud environment for State Farm.
  • This collaboration will further modernize State Farm’s back-end IT services and infrastructure through automation, advanced technology tools and mature processes.
  • Some State Farm employees supporting this work will transfer to HCLTech to continue their important role in delivering cutting-edge technology services to State Farm.
  • “HCLTech was selected because of its reputation in supporting Fortune 500 companies,” said Ashley Pettit, Senior Vice President and Chief Information Officer for State Farm.

Appalachian Regional Clean Hydrogen Hub Encouraged to Submit a Full Application for the Department of Energy’s Hydrogen Hub Funding

Retrieved on: 
Thursday, January 12, 2023

The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.

Key Points: 
  • The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.
  • Concentrated in Appalachian counties as defined by the Appalachian Regional Commission (ARC) across West Virginia, Ohio, Pennsylvania, and Kentucky, ARCH2 will leverage diverse regional resources to build a sustainable clean hydrogen hub that can scale and integrate into a national clean H2 network.
  • The region is the ideal location for a clean hydrogen hub, due to its unique access to ample low-cost natural gas feedstock, end-user demand, workforce and technology capability, and carbon sequestration potential.
  • “West Virginia continues to have a growing and diverse energy portfolio with natural resources that are vital to a successful hydrogen hub.

$2.3+ Billion Worldwide Automotive Keyless Entry System Industry to 2031 - Rising Inclination Towards Safety and Security in Vehicles Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 12, 2023

The main types of products in automotive keyless entry system market are passive keyless entry systems and remote keyless entry systems.

Key Points: 
  • The main types of products in automotive keyless entry system market are passive keyless entry systems and remote keyless entry systems.
  • Rising inclination towards safety and security in vehicles is driving the growth of the automotive keyless entry system market.
  • Thus, the rising proclivity towards safety and security in vehicles will drive the growth of the automotive keyless entry system market.
  • Companies operating in the automotive keyless entry system market are focusing on providing technologically advanced in-vehicle security systems such as a keyless entry system with engine start/off, AC control, and other features.

Pharmacists Urge Passing of Fee-for-Service Amid National Pharmacists’ Day

Retrieved on: 
Thursday, January 12, 2023

The largest pharmacy association in the state, the Pharmacists Society of the State of New York (PSSNY), united its members this week in recognition of National Pharmacists’ Day on Jan. 12.

Key Points: 
  • The largest pharmacy association in the state, the Pharmacists Society of the State of New York (PSSNY), united its members this week in recognition of National Pharmacists’ Day on Jan. 12.
  • Fee-for-service, which was passed by the state legislature in 2020 but was subsequently delayed for two years, is scheduled for implementation on April 1, 2023.
  • This move ensures transparency in New York Medicaid’s pharmacy benefit and guarantees patient access to pharmacies of their choice.
  • “Fee-for-service is crucial not only to our pharmacists’ practice and livelihood, but also for patient choice and access,” said Deanna Ennello-Butler, executive director of PSSNY.

Alcoa Corporation Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, January 18, 2023

The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.

Key Points: 
  • The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.
  • Production began in the second quarter 2022, and it is anticipated that it will ship approximately 34,000 metric tons in the first quarter 2023 (Alcoa share).
  • The Company expects lower Alumina Segment Adjusted EBITDA of approximately $55 million per quarter in comparison to the fourth quarter 2022, after excluding $35 million of non-recurrence for the Alumar refinery ARO adjustment and certain other non-recurring expenses from the fourth quarter 2022, starting in the second quarter 2023 and continuing through the fourth quarter 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Standard Time (EST) on Wednesday, January 18, 2023, to present fourth quarter and full year 2022 financial results and discuss the business, developments, and market conditions.

Boys & Girls Clubs of America Enhances Child Safety Resources Following $2 Million Award

Retrieved on: 
Thursday, January 12, 2023

The project will focus on further enhancing safety for kids, families and communities through trauma-informed abuse prevention resources for local Boys & Girls Clubs, community organizations, parents, and caregivers.

Key Points: 
  • The project will focus on further enhancing safety for kids, families and communities through trauma-informed abuse prevention resources for local Boys & Girls Clubs, community organizations, parents, and caregivers.
  • Safety is the cornerstone of Boys & Girls Clubs’ mission, and nearly 5,000 communities look to local Clubs each day for safe places for young people after school and during the summer.
  • This project will provide resources to conduct safety assessments and strengthen efforts aligned with Boys & Girls Clubs of America’s commitment to continuous safety enhancements.
  • The $2 million I secured for Boys & Girls Clubs of America will equip communities with the resources they need to protect children.