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 [...]

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 [...]

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 [...]

Goldman Sachs Group Inc will buy back $5 billion of preferred stock from Warren Buffett, ending a costly deal that helped shore up confidence in the bank at the height of the financial crisis.
The buyback has been expected for some time, given the relatively unfavorable terms for the investment bank, which paid Buffett’s Berkshire Hathaway [...]

Mark Gibbons has joined the Intercare Holdings Insurance Services (Intercare) effective March 15, 2011 as Vice President of Business Development. His responsibilities will include sales development for the west coast and the national claim services market.
Gibbons brings over 20 years’ experience in the property and casualty business to his new role. His prior responsibilities have [...]

Assurant, Inc. a premier provider of specialty insurance and insurance-related products and services, announces today that Robert B. Pollock, president and chief executive officer, will provide an overview of the company during the Bank of America Merrill Lynch 2011 Insurance Conference in New York on Tuesday, Feb. 15, 2011 at 1:45 p.m. ET.
Access to both [...]

Teens say texting is the biggest distraction behind the wheel, and this week students at more than 300 American high schools have signed on to fight distracted driving as part of a teen safe driving competition from The Allstate Foundation and Channel One News. Friends and family can take the pledge to “X the TXT” [...]

American International Group, Inc. (AIG) will report its fourth quarter 2010 financial results after the market closes on Thursday, February 24, 2011. AIG’s Annual Report on Form 10-K, press release, and financial supplement will be available in the Investor Information section of http://www.aig.com.
AIG will also host a conference call on Friday, February 25, 2011, at [...]

BMO Financial Group today offered its support for the Task Force on Financial Literacy’s final recommendations on a cohesive national strategy to support initiatives aimed at improving financial education.
“This Task Force couldn’t be more relevant and two outstanding Canadians have led its important work: Donald A. Stewart and L. Jacques Menard,” said Bill Downe, President [...]

Hagens Berman Sobal Shapiro LLP, an investor-rights law firm, is progressing in its investigation involving Life Partners Holdings, Inc. (NASDAQ GS:LPHI) shares and insurance policies.
Shareholders who purchased LPHI stock between May 29, 2007 and January 20, 2011 (the “Class Period”) or investors who purchased LPHI policies are encouraged to call Hagens Berman partner Reed R. [...]