HIC

AM Best Withdraws Credit Ratings of The Hollard Insurance Company Pty Ltd

Retrieved on: 
Thursday, March 21, 2024

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Hollard Insurance Company Pty Ltd (HIC) (Australia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Hollard Insurance Company Pty Ltd (HIC) (Australia).
  • Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.
  • The ratings also factor in a neutral impact from the company’s ownership by Hollard Holdings Australia Pty Ltd (HHA).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Sixteen Firms to Pay More Than $81 Million Combined to Settle Charges for Widespread Recordkeeping Failures

Retrieved on: 
Friday, February 9, 2024

The Huntington Investment Company self-reported and was ordered to pay lower civil penalty than other firms

Key Points: 
  • The firms did not maintain or preserve the substantial majority of these off-channel communications, in violation of the federal securities laws.
  • By failing to maintain and preserve required records, some of the firms likely deprived the SEC of these off-channel communications in various SEC investigations.
  • The failures involved employees at multiple levels of authority, including supervisors and senior managers.
  • In addition to the significant financial penalties, each of the firms was ordered to cease and desist from future violations of the relevant recordkeeping provisions and was censured.

Deb Autor, Former FDA Deputy Commissioner, Appointed CEO of Healthcare Innovation Catalysts

Retrieved on: 
Thursday, February 1, 2024

Her government career spanned two decades, culminating in the crucial role of Deputy Commissioner of FDA where she oversaw all inspections and international operations.

Key Points: 
  • Her government career spanned two decades, culminating in the crucial role of Deputy Commissioner of FDA where she oversaw all inspections and international operations.
  • Before FDA, Ms. Autor was a decorated federal prosecutor at the U.S. Department of Justice, and FDA was her client.
  • “We are honored to have Deb take the helm as our first CEO,” stated Michael Singer, Executive Chairman of HIC.
  • Since 2018, she has served as Chair of the FDA Alumni Association, where she continues to work to support the agency’s mission.

2024 Hillman Funding Opportunities Announced

Retrieved on: 
Tuesday, January 9, 2024

NEW YORK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Continuing its commitment to advancing leading-edge, nursing-driven innovations that target the needs of marginalized populations, The Rita and Alex Hillman Foundation today announced the latest annual funding opportunities for the Hillman Emergent Innovation (HEI), Hillman Emergent Innovation: Serious Illness and End of Life (HSEI), and Hillman Innovations in Care (HIC) programs.

Key Points: 
  • NEW YORK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Continuing its commitment to advancing leading-edge, nursing-driven innovations that target the needs of marginalized populations, The Rita and Alex Hillman Foundation today announced the latest annual funding opportunities for the Hillman Emergent Innovation (HEI), Hillman Emergent Innovation: Serious Illness and End of Life (HSEI), and Hillman Innovations in Care (HIC) programs.
  • Hillman Innovation Dissemination grants (proposals accepted by invitation only) amplify the scaling efforts of established models of care.
  • The Hillman Emergent Innovation (HEI) program supports the development of innovative, early-stage interventions that seek to improve the health of marginalized populations.
  • The period for submitting Letters of Intent for all three funding opportunities is from Jan. 16 to 5 p.m.

Soul App's Social Trend Keywords 2024: Anchoring "Life Coordinates" to Social Connection

Retrieved on: 
Thursday, December 28, 2023

Considering prevailing trends and its user surveys conducted throughout 2023, Soul has discovered that young people are searching for a sense of belonging from social connection.

Key Points: 
  • Considering prevailing trends and its user surveys conducted throughout 2023, Soul has discovered that young people are searching for a sense of belonging from social connection.
  • At the same time, social connection is gaining greater importance as an emotional outlet, providing individuals with positive feedback.
  • The digital space also provides social scenarios where young people can build a diversified social network, complementing the physical nearby.
  • Heartened by these social trends, Soul App is confident that young people can discover their life coordinates by building meaningful social connections.

AM Best Affirms Credit Ratings of Hyundai Insurance (China) Co., Ltd.

Retrieved on: 
Thursday, October 19, 2023

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Hyundai Insurance (China) Co., Ltd. (HIC) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Hyundai Insurance (China) Co., Ltd. (HIC) (China).
  • 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 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Rita and Alex Hillman Foundation Awards $1.2 Million to Nursing-Driven Innovations that Improve Care for Youth

Retrieved on: 
Tuesday, October 17, 2023

NEW YORK, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Rita and Alex Hillman Foundation today announced two new grants from the Hillman Innovations in Care (HIC) program.

Key Points: 
  • NEW YORK, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Rita and Alex Hillman Foundation today announced two new grants from the Hillman Innovations in Care (HIC) program.
  • The awards, totalling $1.2 million, are to nurse researchers at the University of Pennsylvania and Johns Hopkins University.
  • These populations include Black, Indigenous, and People of Color (BIPOC), the economically disadvantaged, LGBTQ+ people, people experiencing homelessness, rural populations, refugees, and others.
  • “We believe that nursing innovation is a powerful force for change,” said Ahrin Mishan, Executive Director of The Rita and Alex Hillman Foundation.

Wistar Researchers Discover Possible New Treatment for Triple-Negative Breast Cancer

Retrieved on: 
Tuesday, September 19, 2023

Schug’s paper — titled, “Acetate acts as a metabolic immunomodulator by bolstering T-cell effector function and potentiating antitumor immunity in breast cancer” — demonstrates a double-acting mechanism for fighting a particularly aggressive, difficult-to-treat form of breast cancer.

Key Points: 
  • Schug’s paper — titled, “Acetate acts as a metabolic immunomodulator by bolstering T-cell effector function and potentiating antitumor immunity in breast cancer” — demonstrates a double-acting mechanism for fighting a particularly aggressive, difficult-to-treat form of breast cancer.
  • Triple-negative breast cancer, or TNBC, affects 10-15% of patients with breast cancer in the US.
  • The absence of any of these receptors — receptors that, when present in other forms of breast cancer, can be effectively targeted during treatment — makes treating TNBC quite difficult, and patients with TNBC have limited treatment options.
  • TNBC’s notorious aggression makes the technical challenge of finding a reliably effective treatment target all the more serious: compared to other breast cancers, TNBC grows faster and resists treatment more stubbornly.

TARGET TECHNOLOGIES INTERNATIONAL INC. INTRODUCES REVOLUTIONARY NEW INFILL

Retrieved on: 
Tuesday, September 12, 2023

VANCOUVER, BC, Sept. 12, 2023 /PRNewswire/ -- Target Technologies International Inc. (TTII), announced today that the company has been named the exclusive distributor of NATURE'S INFILL™. This American-grown, sustainable, high-performance infill is made from organic corn material and delivers benefits unsurpassed in the industry.

Key Points: 
  • VANCOUVER, BC, Sept. 12, 2023 /PRNewswire/ -- Target Technologies International Inc. (TTII), announced today that the company has been named the exclusive distributor of NATURE'S INFILL™.
  • This American-grown, sustainable, high-performance infill is made from organic corn material and delivers benefits unsurpassed in the industry.
  • John B. Giraud, managing director of TTII, commented "This is a revolutionary infill that delivers on safety, performance, durability, and sustainability.
  • When we recognized the multiple benefits of Nature's Infill, we quickly realized it was a game changer and wanted to be the exclusive distributor of this specialty infill product."

AM Best Affirms The Doctors Company's 'A' Excellent Financial Rating and Upgrades the Financial Rating of Hospitals Insurance Company to 'A'

Retrieved on: 
Thursday, September 7, 2023

NAPA, Calif., Sept. 7, 2023 /PRNewswire/ -- AM Best has affirmed The Doctors Company's financial strength rating (FSR) of A (Excellent) and its long-term issuer credit rating (ICR) of "a+".

Key Points: 
  • NAPA, Calif., Sept. 7, 2023 /PRNewswire/ -- AM Best has affirmed The Doctors Company's financial strength rating (FSR) of A (Excellent) and its long-term issuer credit rating (ICR) of "a+".
  • The FSR of A (Excellent) and the long-term ICR of "a+" (Excellent) have been affirmed for the following:
    The Doctors Company Risk Retention Group, a Reciprocal Exchange
    Additionally, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the long-term ICR to "a" (Excellent) from "a-" (Excellent) of Hospitals Insurance Company (HIC).
  • The FSR of A is assigned only to select companies with excellent ability to meet ongoing insurance obligations.
  • The "a+" ICR is assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.