NSEC

AM Best Removes From Under Review with Developing Implications, Affirms Credit Ratings of VR Insurance Holdings, Inc.’s Insurance Subsidiaries

Retrieved on: 
Thursday, December 15, 2022
Insurance, Professional Services, Acquisition, NSFC, Credit, AM Best, Daiwa Securities Group, NSIC, ALM, AM, ALL, National security group, DE, News, Insurance, FSR, ERM, Good, Security Insurance Company, NSEC, Risk, Security (finance), Risk management

The outlook assigned to these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • At the time of the withdrawal, these ratings were under review with developing implications.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Pasternack Launches Series of Waveguide Packaged, Voltage Variable Attenuators

Retrieved on: 
Wednesday, November 2, 2022
Aicone, Telecommunication, NSEC, Electronics, DBm, Government, ISO, Polyphase system, Gallium arsenide, Warburg Pincus, RF, Radio, Solution, Cable television, Electronic component, Pasternak

IRVINE, Calif., Nov. 2, 2022 /PRNewswire-PRWeb/ -- Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter-wave products, now provides six new models of waveguide packaged, voltage variable attenuators covering popular mm-wave frequency bands ranging from 26.5 GHz to 110 GHz.

Key Points: 
  • Pasternack's new waveguide packaged, voltage variable attenuators utilize GaAs MMIC semiconductor technology and offer 0 dB to 30 dB attenuation tuning adjustment with a voltage range of 0 Vdc to 5 Vdc.
  • Designers will find these broadband, voltage variable attenuators useful in receive chains to tune mm-wave signal levels to optimize system-level performance.
  • "Our new line of high-reliability, waveguide packaged, voltage variable attenuators is ideal for downlink or receive channels where adjusting/tuning signal levels to optimize system-level performance is necessary.
  • Pasternack's new waveguide packaged, voltage variable attenuators are in-stock and ready for immediate shipment with no minimum order quantity.

MITRE to Open New Honolulu Site to Bolster Security and Prosperity in the Indo-Pacific Region

Retrieved on: 
Wednesday, September 28, 2022
Contracts, Defense, Government Technology, Military, NSEC, UH, Island, Safety, Engineering, Department, Social Problems, MITRE, Research, Organization, Astronomy, Camp H. M. Smith, Health, Partnership, Industry, U.S. Department of Defense Strategy for Operating in Cyberspace, Government, Investment, Law enforcement, Intelligence, Eye, Technology, Quality of life, STEM, Transport, Medicine, Multimedia, University, Education, Management, Renewable energy, Defense

After nearly five decades of operating in Hawaii at Ford Island and Camp Smith, MITRE announced it will open a new facility in the Kakaako Innovation District to bolster security and prosperity in the Indo-Pacific region.

Key Points: 
  • After nearly five decades of operating in Hawaii at Ford Island and Camp Smith, MITRE announced it will open a new facility in the Kakaako Innovation District to bolster security and prosperity in the Indo-Pacific region.
  • (Photo: Business Wire)
    MITRE also entered into a partnership with the University of Hawaii (UH) to identify opportunities for collaborative analysis, engineering, and research.
  • MITRE is committed to growing its presence in Honolulu over the next three years: doubling its local workforce, advancing local STEM education and internship opportunities, and expanding its impact to bolster security and prosperity in the region.
  • As part of its national security work, MITRE operates the Department of Defenses National Security Engineering Center (NSEC) .

VR Insurance Holdings, Inc. and The National Security Group, Inc. Announce Completion of Merger

Retrieved on: 
Thursday, June 30, 2022
Insurance, Professional Services, Failed relocation of the Sacramento Kings, Insurance, Life, Transaction, Research, Computershare, National, Company, Industry, VR, Founder, Sacramento Kings, LLC, NSEC, Technology, National security group, Daiwa Securities Group, Health, City, The Company, NASDAQ, News, NSG, Security (finance), Financial services

The National Security Group, Inc. (NSG or the "Company") (NASDAQ:NSEC) today announced the completion of the previously announced merger with VR Insurance Holdings, Inc., a Delaware corporation (VR Holdings), and VR Insurance Merger Sub, Inc., a Delaware corporation (Merger Sub), pursuant to which NSG will be acquired by VR Holdings.

Key Points: 
  • The National Security Group, Inc. (NSG or the "Company") (NASDAQ:NSEC) today announced the completion of the previously announced merger with VR Insurance Holdings, Inc., a Delaware corporation (VR Holdings), and VR Insurance Merger Sub, Inc., a Delaware corporation (Merger Sub), pursuant to which NSG will be acquired by VR Holdings.
  • Following closing, it is anticipated that VR Holdings will continue to leverage the existing operations and infrastructure of NSGs wholly owned property and casualty and life insurance subsidiaries.
  • The National Security Group, Inc. (NASDAQ:NSEC), through its property and casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in ten states.
  • VR Holdings has been formed to serve as the holding company for NSG and potentially other insurance and financial services businesses.

The National Security Group, Inc.’s Special Meeting of the Stockholders

Retrieved on: 
Tuesday, June 21, 2022
Insurance, Professional Services, Delaware General Corporation Law, Commissioner, Form 10-K, Agreement, NSG, Company, Daiwa Securities Group, Securities & Exchange Commission of Pakistan, Adoption, Section, Plan, National, Health, NASDAQ, Acquisition, NSEC, News, Transaction, Alabama Department of Public Health, U.S. Securities and Exchange Commission, Life, National security group, Security (finance), Insurance, Insurance

At the special meeting, NSGs stockholders approved the adoption of the Plan of Merger and approved on a non-binding advisory basis the executive compensation that may be paid or become payable in connection with the transaction contemplated by the Plan of Merger.

Key Points: 
  • At the special meeting, NSGs stockholders approved the adoption of the Plan of Merger and approved on a non-binding advisory basis the executive compensation that may be paid or become payable in connection with the transaction contemplated by the Plan of Merger.
  • The final voting results for each proposal voted on at the special meeting will be set forth in a Form 8-K filed by the Company with the U.S. Securities and Exchange Commission.
  • The National Security Group, Inc. (NASDAQ:NSEC), through its property and casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in ten states.
  • VR Holdings is a newly formed Delaware company founded by Vivek Ranadiv and a group of family office and strategic investors.

Lifshitz Law PLLC Announces Investigation of HMTV, NSEC, SREV, and TMX

Retrieved on: 
Tuesday, May 24, 2022
Rentokil Initial, Sale, Hewlett, Telephone, NSEC, Investment, Advertising, HMTV, TMX, Life insurance, Online shopping, Financial adviser

Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of NSEC to VR Insurance Holdings, Inc. for $16.35 in cash per share of NSEC owned

Key Points: 
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of NSEC to VR Insurance Holdings, Inc. for $16.35 in cash per share of NSEC owned
    If you are an investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq.
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sail of SREV to Concentrix Corporation for $1.50 in cash per share of SREV owned.
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of TMX to Rentokil Initial plc.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.

Alabama Department of Insurance Sets Public Hearing Date for The National Security Group, Inc. and VR Insurance Holdings, Inc. Transaction

Retrieved on: 
Thursday, May 12, 2022
Insurance, Professional Services, NSG, Telephone, Company, Form, U.S. Securities and Exchange Commission, Jordan, News, Transaction, Agreement, Insurance, NASDAQ, Hearing, NSEC, Health, Form 10-K, Daiwa Securities Group, Delaware General Corporation Law, Ownership, Email, Section, National, Alabama Department of Public Health, Life, Board, Plan, Suite, Security (finance), Person, National security group, North Lawrence–Monroe Street Historic District, Acquisition, SEC, Central Time, Online gambling

The National Security Group, Inc. (NASDAQ:NSEC) and VR Insurance Holdings, Inc. (VR Holdings) today announced that the Alabama Department of Insurance (ALDOI) has set a public hearing to consider the proposed acquisition of control of The National Security Group, Inc. (NSG) by VR Holdings.

Key Points: 
  • The National Security Group, Inc. (NASDAQ:NSEC) and VR Insurance Holdings, Inc. (VR Holdings) today announced that the Alabama Department of Insurance (ALDOI) has set a public hearing to consider the proposed acquisition of control of The National Security Group, Inc. (NSG) by VR Holdings.
  • All discovery proceedings must be concluded not later than three days prior to the date of the hearing.
  • VR Holdings is providing this notice to the stockholders of NSG at the direction of the Alabama Insurance Commissioners order dated May 2, 2022.
  • About The National Security Group, Inc
    The National Security Group, Inc. (NASDAQ:NSEC), through its property and casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in ten states.

NATIONAL SECURITY GROUP INVESTOR ALERT - Kuznicki Law PLLC Investigates Proposed Sale of The National Security Group, Inc. - NSEC

Retrieved on: 
Wednesday, May 4, 2022
Legal, Professional Services, Company, National security group, National, NSEC, NSG, Daiwa Securities Group, Sale, Security (finance)

Kuznicki Law PLLC is investigating the proposed sale of The National Security Group, Inc. (NSG or the Company) (NasdaqGM: NSEC) to VR Insurance Holdings, Inc.

Key Points: 
  • Kuznicki Law PLLC is investigating the proposed sale of The National Security Group, Inc. (NSG or the Company) (NasdaqGM: NSEC) to VR Insurance Holdings, Inc.
  • Under the terms of the proposed transaction, shareholders of NSG will receive only $16.35 in cash for each share of NSG that they own.
  • If you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, contact us toll free at 833-938-0905, via email ( [email protected] ), or visit https://kclasslaw.com/cases/ma/nasdaqgm-nsec/ to learn more.
  • Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship.

The National Security Group, Inc. Declares Cash Dividend

Retrieved on: 
Thursday, April 28, 2022
Insurance, Professional Services, National, NASDAQ, Company, Board, Life, Insurance, National security group, Health, Daiwa Securities Group, NSEC

On April 27, 2022, the Board of Directors of The National Security Group, Inc. (NASDAQ:NSEC), declared a quarterly dividend of $0.06 per share.

Key Points: 
  • On April 27, 2022, the Board of Directors of The National Security Group, Inc. (NASDAQ:NSEC), declared a quarterly dividend of $0.06 per share.
  • This cash dividend is payable on May 31, 2022, to shareholders of record May 9, 2022.
  • About The National Security Group, Inc.
  • The National Security Group, Inc. (NASDAQ:NSEC), through its property and casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in ten states.

NATIONAL SECURITY GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The National Security Group, Inc. - NSEC

Retrieved on: 
Friday, April 8, 2022
Legal, Professional Services, Company, National security group, National, NSG, LLC, Daiwa Securities Group, Sale, NSEC, KSF

and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of The National Security Group, Inc. (NSG or the Company) (NasdaqGM: NSEC) to VR Insurance Holdings, Inc.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of The National Security Group, Inc. (NSG or the Company) (NasdaqGM: NSEC) to VR Insurance Holdings, Inc.
  • Under the terms of the proposed transaction, shareholders of NSG will receive only $16.35 in cash for each share of NSG that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .