Insurance

FG Financial Group, Inc. Reports First Quarter 2021 Financial Results

Friday, May 14, 2021 - 9:34pm

Most notably, our first quarter included positive revenue contributions from our investment portfolio along with reinsurance premiums.

Key Points: 
  • Most notably, our first quarter included positive revenue contributions from our investment portfolio along with reinsurance premiums.
  • Our investment portfolio increased by over 32% from December 31st, as we continued to put capital to work.\xe2\x80\x9d\nNet loss attributable to common shareholders was $(0.3) million for the quarter, or $(0.06) per diluted share, compared to a net loss for the first quarter 2020 of $(8.6) million, or $(1.43) per share.\nThe Company\xe2\x80\x99s 2021 first quarter financial results included:\nAn unrealized gain in the SPAC FG New America Acquisition Corp. (NYSE:FGNA) of $3.6 million.
  • These statements are therefore entitled to the protection of the safe harbor provisions of these laws.
  • If one of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected.

The National Security Group, Inc. Releases Financial Results

Friday, May 14, 2021 - 9:30pm

The P&C segment was the primary source of the decrease with overall claims down $1,280,000 in first quarter 2021 compared to first quarter of 2020.

Key Points: 
  • The P&C segment was the primary source of the decrease with overall claims down $1,280,000 in first quarter 2021 compared to first quarter of 2020.
  • Through this process of re-underwriting, we will work through substantially all of our annual policy renewals by December 31, 2021.
  • In addition, reported fire losses were down $270,000 during the first quarter of 2021 compared to the first quarter of 2020.
  • Reported fire losses totaled $3,270,000, for the three months ended March 31, 2021, and added 23.7 percentage points to the 2021 combined ratio.

MetroPlusHealth to Host Virtual Town Hall: Stand Up Against Anti-Asian Hate

Friday, May 14, 2021 - 7:47pm

b'MetroPlusHealth, the five-star rated health plan of choice for over 600,000 New Yorkers, will host a virtual town hall addressing discrimination, bias, and hate against Asian Americans and other New Yorkers.\nAt MetroPlusHealth, we are a community and a family.

Key Points: 
  • b'MetroPlusHealth, the five-star rated health plan of choice for over 600,000 New Yorkers, will host a virtual town hall addressing discrimination, bias, and hate against Asian Americans and other New Yorkers.\nAt MetroPlusHealth, we are a community and a family.
  • When one of us is hurting, all of us are hurting.
  • Standing together as a community against bias and hate is the surest way to help defeat both.
  • Help us spread the word about this event.\nThe Facebook Live town hall will take place on Thursday, May 20th from 10AM to 12PM.

AM Best Affirms Credit Ratings of Palms Insurance Company, Limited

Friday, May 14, 2021 - 6:01pm

b'AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands).

Key Points: 
  • b'AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands).
  • For current Best\xe2\x80\x99s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .\nThis press release relates to Credit Ratings that have been published on AM Best\xe2\x80\x99s website.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For information on the proper media use of Best\xe2\x80\x99s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best\xe2\x80\x99s Credit Ratings and AM Best Rating Action Press Releases .\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

State Auto Financial Declares 120th Consecutive Quarterly Dividend

Friday, May 14, 2021 - 6:30pm

This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.

Key Points: 
  • This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.
  • STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.\nThe insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group.
  • The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation.
  • Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005439/en/\n"

Crawford & Company Board Declares Dividends

Friday, May 14, 2021 - 7:00pm

b'On May 14, 2021, at its regular quarterly meeting, the Board of Directors of Crawford & Company declared a quarterly dividend of $0.06 per share on the Class A Common Stock and $0.06 per share on the Class B Common Stock, payable on June 11, 2021, to shareholders of record as of the close of business on June 1, 2021.\nBased in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is the world\xe2\x80\x99s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations with an expansive global network serving clients in more than 70 countries.

Key Points: 
  • b'On May 14, 2021, at its regular quarterly meeting, the Board of Directors of Crawford & Company declared a quarterly dividend of $0.06 per share on the Class A Common Stock and $0.06 per share on the Class B Common Stock, payable on June 11, 2021, to shareholders of record as of the close of business on June 1, 2021.\nBased in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is the world\xe2\x80\x99s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations with an expansive global network serving clients in more than 70 countries.
  • The Company\xe2\x80\x99s two classes of stock are substantially identical, except with respect to voting rights and the Company\xe2\x80\x99s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations.
  • In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75 percent of CRD-A, voting as a class.
  • More information is available at www.crawco.com .\nFor further information regarding this press release, please contact mediarelations@us.crawco.com\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005364/en/\n'

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

Friday, May 14, 2021 - 6:00pm

The dividend is payable on June 15, 2021 to holders of record on June 1, 2021.

Key Points: 
  • The dividend is payable on June 15, 2021 to holders of record on June 1, 2021.
  • These statements are therefore entitled to the protection of the safe harbor provisions of these laws.
  • In particular, discussions and statements regarding the Company\xe2\x80\x99s future business plans and initiatives are forward-looking in nature.
  • We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections.

AM Best Affirms Credit Ratings of Lumen Re Ltd.

Friday, May 14, 2021 - 5:28pm

b'AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda).

Key Points: 
  • b'AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca\xe2\x80\x9d (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda).
  • The outlook of these Credit Ratings (ratings) is stable.\nThe ratings reflect Lumen Re\xe2\x80\x99s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).\nLumen Re\xe2\x80\x99s risk-adjusted capital, as measured by Best\xe2\x80\x99s Capital Adequacy Ratio (BCAR), is at the strongest level.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For information on the proper media use of Best\xe2\x80\x99s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best\xe2\x80\x99s Credit Ratings and AM Best Rating Action Press Releases .\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Global International Health Insurance (IPMI) 2021 Report - 3 Volume Bundle Offer - ResearchAndMarkets.com

Friday, May 14, 2021 - 3:12pm

b'The "International Health Insurance (IPMI) 2021: 3 Volume Bundle Offer" report has been added to ResearchAndMarkets.com\'s offering.\nInternational health insurance for expats, third country nationals, domestic nationals and global nomads is a three -volume package updated in 2021 with more companies and more countries.\nThere are 80 million expatriates, 5 million international students, 4 million temporary foreign workers, and 18 million high net worth individuals of which 2.7 million are ultra high net worth.

Key Points: 
  • b'The "International Health Insurance (IPMI) 2021: 3 Volume Bundle Offer" report has been added to ResearchAndMarkets.com\'s offering.\nInternational health insurance for expats, third country nationals, domestic nationals and global nomads is a three -volume package updated in 2021 with more companies and more countries.\nThere are 80 million expatriates, 5 million international students, 4 million temporary foreign workers, and 18 million high net worth individuals of which 2.7 million are ultra high net worth.
  • In some countries, expats will be at the back of the queue for state healthcare.
  • In some countries, even access to private healthcare may be strained and hospitals may have to prioritise healthcare for long-term partners such as insurance companies over one-time private patients.\nAn increasing number of insurers are moving from being health insurers to healthcare providers protected by health insurance.
  • The environment for mergers and acquisitions among health insurers remains favourable as they continue to seek out diversification and growth opportunities.\n'

Nobilis Group Announces Jeff Jagoe as President of Agent Development; Respected Industry Veteran Set to Expand Product Distribution

Friday, May 14, 2021 - 2:45pm

b'Nobilis Group is pleased to announce the addition of industry veteran Jeff Jagoe to the company as President of Agent Development.

Key Points: 
  • b'Nobilis Group is pleased to announce the addition of industry veteran Jeff Jagoe to the company as President of Agent Development.
  • Jagoe will be responsible for growing the agent channel for protection products across the automotive, RV, marine and powersports markets.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210514005338/en/\nJeff Jagoe, President of Agent Development for Nobilis Group, Inc. (Photo: Business Wire)\nBeginning as Dent Zone in 1991, Nobilis has set the industry standard in paintless dent repair, launching the first-ever PDR service contract in 1999.
  • The company has pioneered innovations in catastrophic repair services for the automotive industry and built the nation\xe2\x80\x99s largest mobile repair technician network.