Insurance

Prudential Financial, Inc. to sell Prudential of Korea to KB Financial Group for US $1.9 billion

Friday, April 10, 2020 - 6:41am

Prudential Financial, Inc. (NYSE:PRU) announced today that it has entered into a definitive agreement with KB Financial Group Inc. (KB), a Korean financial services provider, to sell The Prudential Life Insurance Company of Korea, Ltd.

Key Points: 
  • Prudential Financial, Inc. (NYSE:PRU) announced today that it has entered into a definitive agreement with KB Financial Group Inc. (KB), a Korean financial services provider, to sell The Prudential Life Insurance Company of Korea, Ltd.
  • This transaction is consistent with Prudential Financials strategic focus internationally on Japan and higher-growth emerging markets around the world.
  • About KB Financial Group Inc.
    KB Financial Group is Koreas leading financial services provider offering a broad range of financial products and services.
  • There can be no assurance that future developments affecting Prudential Financial, Inc. and its subsidiaries will be those anticipated by management.

Global Marine Insurance Market 2020-2024 | Evolving Opportunities with Allianz Group and American International Group Inc. | Technavio

Friday, April 10, 2020 - 3:30am

In addition, the increase in the use of IoT is anticipated to boost the growth of the marine insurance market during the forecast period.

Key Points: 
  • In addition, the increase in the use of IoT is anticipated to boost the growth of the marine insurance market during the forecast period.
  • As a result, various countries, such as Singapore, can promote insurance business models by encouraging direct underwriting via online platforms.
  • Major Five Marine Insurance Companies:
    The company operates in key business segments including Property-Casualty, Life or Health, Asset Management, and Corporate and Other.
  • The company provides marine insurance for goods in transit from warehouse to warehouse anywhere in the world.

Rebooking a Trip with Vouchers? You Should Still Consider Travel Insurance, says Squaremouth

Thursday, April 9, 2020 - 11:11pm

Travel insurance comparison site, Squaremouth.com, says there is one big reason to purchase travel insurance for trips booked with vouchers, and explains how these policies can be affordable.

Key Points: 
  • Travel insurance comparison site, Squaremouth.com, says there is one big reason to purchase travel insurance for trips booked with vouchers, and explains how these policies can be affordable.
  • Travelers using vouchers to book future international travel can purchase a policy for medical care if they fall ill or get injured on their trip.
  • If a traveler rebooks their trip using only travel vouchers, they will have no or limited expenses to insure.
  • SQUAREMOUTHcompares travel insurance policies from every major travel insurance provider in the United States.

Wolters Kluwer Offers New Special Briefings on Federal Relief for Employers and Employees during COVID-19 Crisis

Thursday, April 9, 2020 - 9:38pm

The Families First Coronavirus Response Act (FFCRA), which went into effect on April 1, is intended to offset the economic and health impacts of COVID-19.

Key Points: 
  • The Families First Coronavirus Response Act (FFCRA), which went into effect on April 1, is intended to offset the economic and health impacts of COVID-19.
  • In this special CARES briefing , Wolters Kluwer's experts analyze the highly publicized recovery rebates for individual taxpayers and explain the additional relief for unemployment insurance programs under the Act.
  • The briefing also breaks down how the CARES Act and the FFCRA impact the emergency paid family leave and paid sick leave provisions.
  • The new digital briefings cover several key topics that are impacted by both laws, including:
    Who is entitled to paid and unpaid leave.

Nationwide offers $50 rapid relief premium refund to all auto policyholders

Thursday, April 9, 2020 - 7:00pm

The goal is to get relief in the hands of customers quickly and simply.

Key Points: 
  • The goal is to get relief in the hands of customers quickly and simply.
  • The refund is equivalent to an average savings of 15 percent for two months and is on top of existing discounts customers already earn.
  • The refund will arrive in the next 30 days, subject to individual state regulatory approval.
  • Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company.

The Hartford’s COVID-19 Personal Auto Payback Plan To Provide Customers With Relief During Pandemic

Thursday, April 9, 2020 - 10:10pm

Recognizing the difficult time many customers are facing during the pandemic, The Hartford announced its COVID-19 Personal Auto Payback Plan, which will provide customers with a 15 percent refund on their April and May personal auto insurance premiums.

Key Points: 
  • Recognizing the difficult time many customers are facing during the pandemic, The Hartford announced its COVID-19 Personal Auto Payback Plan, which will provide customers with a 15 percent refund on their April and May personal auto insurance premiums.
  • We are pleased to provide this relief and hope it will alleviate some of the financial burden our customers are facing, said The Hartford's President Doug Elliot.
  • For 210 years, The Hartford has helped customers navigate through many global crises, including multiple recessions, two world wars and the 1918 influenza pandemic.
  • The company intends to issue refunds over the next two months to all personal auto insurance customers with policies in force as of April 1, 2020.

eHealth, Inc. to Announce First Quarter 2020 Earnings Results on April 23 at 5 p.m. Eastern Time

Thursday, April 9, 2020 - 8:34pm

SANTA CLARA, Calif., April 9, 2020 /PRNewswire/ --eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance exchange, announced today that the company plans to release first quarter 2020 financial results on April 23, 2020.

Key Points: 
  • SANTA CLARA, Calif., April 9, 2020 /PRNewswire/ --eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance exchange, announced today that the company plans to release first quarter 2020 financial results on April 23, 2020.
  • Chief Executive OfficerScott Flandersand Chief Financial OfficerDerek Yungwill host the earnings conference call beginning at 5 p.m. Eastern Time on April 23rd to discuss these results.
  • Individuals interested in listening to the conference call may do so by dialing (877) 930-8066 for domestic callers and (253) 336-8042 for international callers.
  • eHealth offers thousands of individual, family and small business health plans underwritten by many of the nation's leading health insurance companies.

Gregory E.A. Morrison Joins Stonybrook Capital

Thursday, April 9, 2020 - 9:07pm

NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- Stonybrook Capital & Risk Management announced today that Gregory E. A. Morrison has been appointed to the Companys Board of Directors.

Key Points: 
  • NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- Stonybrook Capital & Risk Management announced today that Gregory E. A. Morrison has been appointed to the Companys Board of Directors.
  • Mr. Morrison joins the Board with over 35 years of experience in the insurance and reinsurance industry in various leadership and investment capacities.
  • Mr. Morrison is a qualified actuary and also a shareholder of Stonybrook.
  • Stonybrook Capital & Risk Management is an investment banking and reinsurance broking firm with headquarters in New York City that focuses exclusively on the insurance industry.

Associated Capital Reports Preliminary First Quarter Book Value of  $36.70 to $36.90 Per Share

Thursday, April 9, 2020 - 9:01pm

Associated Capital Group, Inc. (AC or the Company), announced today a range of its first quarter preliminary book value of $36.70 to $36.90 per share, driven largely by changes in mark-to-market values.

Key Points: 
  • Associated Capital Group, Inc. (AC or the Company), announced today a range of its first quarter preliminary book value of $36.70 to $36.90 per share, driven largely by changes in mark-to-market values.
  • Assets under management were $1.51 billion at March 31, 2020 as compared to $1.59 billion at March 31, 2019.
  • Associated Capital will be issuing further details on its financial results in early May.
  • We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses.

UPDATE: Trupanion proprietary data shows feline respiratory claims remain static, despite COVID-19 positive Tiger

Thursday, April 9, 2020 - 8:15pm

Leading provider of medical insurance for pets, Trupanion , reports feline respiratory claims in North America remain static.

Key Points: 
  • Leading provider of medical insurance for pets, Trupanion , reports feline respiratory claims in North America remain static.
  • Over its 20 year history, Trupanion has amassed the claims history from over 1.5 million pets that can be used real-time to interpret or extrapolate trends in pet health.
  • Trupanions Analytics team, dedicated entirely to animal health data analysis and consisting of 5 actuaries and 9 data analysts, continues to monitor real time data, identifying unusual patterns in claims activity, including claims related to respiratory illnesses.
  • This combination of data, coupled with the unique field-force footprint of the Trupanion Territory Partners based nationally, presents a clear view of the nations pet health.