Vantage Agora, a global provider of back-office support services and custom IT solutions, today announced the launch of a new custom mobile app “mAgent (Mobile Agent)” as part of its offering to the insurance industry. This new app will be showcased during the American Association of Managing General Agents (AAMGA) Automation and Technology Management Conference [...]
Research and Markets has announced the addition of the “Global Warming & the Insurance Industry” report to their offering.
Global warming refers to the increase in the average temperature of the Earth’s near-surface air and oceans in recent decades and its projected continuation.
Though it is difficult to connect specific weather events to global warming, [...]
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of Mennonite Mutual Insurance Company (Mennonite) (Orrville, OH).
The affirmation reflects Mennonite’s moderate underwriting leverage, generally favorable operating performance and long-standing local market presence. The company’s capital position is derived [...]
ILLIAMS, COHEN & GRAY, one of the most prestigious accounts receivable management and debt collection agencies in the nation, announced today the completion of its strategic acquisition of New Orleans-based CREDITORS RESOURCE GROUP, a regional collection agency.
Robert Williams, Founder and CEO of WILLIAMS, COHEN & GRAY stated, “I am very excited about bringing CRG into [...]
Ambac Assurance Announces Expected Timing for the Commencement of Segregated Account Policy Claim Payments
Ambac Assurance Corporation today announced that, based on conversations with the Special Deputy Commissioner for the Segregated Account of Ambac Assurance Corporation (Segregated Account), it currently expects the Segregated Account will begin payment of policy claims in May 2011. The effectiveness of the Plan of Rehabilitation and the commencement of policy claim payments are subject [...]
OneBeacon Insurance Group, Ltd. announced today that it has obtained a new CUSIP No. for the 5.875% Senior Notes due 2013 (the “Notes”) of its indirect wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc. (”OBH”). The reason for the new CUSIP No. is to reflect the change in name of the issuer from Fund American [...]
Franklin Templeton Limited Duration Income Trust , a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.083 per share, payable April 15, 2011, to shareholders of record on March 31, 2011 (Ex-Dividend Date: March 29, 2011).
Based on the Fund’s net asset value (NAV) of $13.98 at the close of the [...]
A review of the earthquake threat and other safety risks posed by a New York nuclear plant must be done as part of its bid to keep operating for another 20 years, New York state’s attorney general said on Friday.
The Indian Point plant, owned by Entergy Corp, is only about 40 miles north of New [...]
American International Group, Inc. (AIG) today released a preliminary pre-tax insurance loss estimate for Chartis, its property casualty insurance unit, of $1.0 billion, or $0.9 billion after tax – 1.1 percent of total AIG shareholders’ equity as of December 31, 2010 – net of all reinsurance recoverables for the first quarter of 2011, related to [...]
Building Healthy Communities: Los Angeles Region announced today the successful enrollment of nearly 100 families into no-cost and low-cost health coverage programs including, Medi-Cal and the state’s children health insurance program Healthy Families.
“We are proud of the resources we were able to provide to so many families in just one day,” said Charles Fields, [...]