Independence Holding Company Announces 33% Increase in Cash Dividend STAMFORD, Conn., Nov. 29, 2016 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE:IHC) today announced a 33% increase in its annual dividend to stockholders to $.12 per share. Accordingly, IHC declared a semi-annual cash dividend of $0.06 per share of common stock, payable to stockholders of record on January 2, 2017, with a payment date of January 17, 2017. About The … Read More
Federated National Holding Company Authorizes $10 Million Share Repurchase Program SUNRISE, Fla., Nov. 29, 2016 (GLOBE NEWSWIRE) — Federated National Holding Company (the “Company”) (NASDAQ:FNHC), an insurance holding company, announced today that its Board of Directors authorized an additional share repurchase program under which the Company may repurchase up to an additional $10 million of its outstanding shares of common stock through March 1, 2017. The Company may repurchase shares … Read More
ExamWorks Clinical Solutions and Chronovo Announce iMSA; Structured Settlement Solution Improves Settlements for All Stakeholders LAWRENCEVILLE, Ga., Nov. 28, 2016 (GLOBE NEWSWIRE) — ExamWorks Clinical Solutions (ECS) announced today an exclusive agreement with structured settlement broker, Chronovo, to deliver an innovative solution to the Medicare Set-Aside (MSA) space for workers’ compensation and liability settlements, called the iMSA. The iMSA enables all stakeholders in the settlement process to save resources and gain greater security. James K. … Read More
James River Group Holdings Announces Closing of Secondary Offering PEMBROKE, Bermuda, Nov. 28, 2016 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (NASDAQ:JRVR) (“James River” or the “Company”) announced today the closing of the previously announced underwritten secondary public offering of the Company’s common shares by certain of the Company’s significant shareholders (the “Selling Shareholders”). The Selling Shareholders sold 3,000,000 common shares for total net proceeds of $114 million. … Read More
Directors & Officers’ Liability Increasing as Shareholder and Regulator Activism Rises Globally- New Allianz Report New York, November 28, 2016: New risks such as cyber incidents and data privacy, rising regulator and shareholder activism and the influence of third party litigation funders are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, according to a new risk report by Allianz Global Corporate & Specialty (AGCS), a leading … Read More
Usage-Based Insurance Market to Reach $123 Billion by 2022 – Globally-Allied Market Research PORTLAND, Oregon and PUNE, India, November 23, 2016 /PRNewswire/ –According to a new report published by Allied Market Research, titled, “Usage-Based Insurance Market by Product Type (Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD) and Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs): Global Opportunity Analysis and Industry Forecast, 2014–2022,” the global … Read More
PIA Calls for Repeal of Federal Insurance Office WASHINGTON, Nov. 22, 2016 /PRNewswire-USNewswire/ — The National Association of Professional Insurance Agents (PIA) is calling for the repeal of the Federal Insurance Office (FIO). The election of Donald Trump as president and a Republican majority in both houses of Congress will bring about a unique opportunity to reexamine the regulatory framework for insurance, notes the agents association. PIA calls … Read More
InsurTech’s Challenge To The Insurance Industry Could Open Long-Term Opportunities – S&P Global We have observed emerging InsurTech trends in a broad variety of product offerings, which could complement or change the insurance business model. In our view, InsurTech has not developed as far as the banking sector equivalent, FinTech, which is already taking some bank market share. As insurance is highly regulated and capital-intensive, with high barriers to entry, we regard InsurTech … Read More
Do quakes in the Pacific foretell the “Big One” for California or Canada? With recent earthquake activity in the Pacific and new reports on major risks of loss in North America, insurers are taking note of an exposure that could have devastating consequences. According to Dr. Robert Muir-Wood, RMS Chief Research Officer, the November 22 earthquake off the coast of Sendai, Japan is probably another aftershock triggered by the Tohoku quake in March … Read More
CNinsure Reports Third Quarter 2016 Unaudited Financial Results Quarterly Net Revenues Beat Guidance, Up 66.3% GUANGZHOU, China, Nov. 21, 2016 (GLOBE NEWSWIRE) — CNinsure Inc., (Nasdaq:CISG), (the “Company” or “CNinsure”), a leading independent online-to-offline (“O2O”) financial services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 20161. (In thousands, except per ADS) 2015 Q3 (RMB) 2016 Q3 (RMB) 2016 Q3 (US$) Change % … Read More
James River Group Holdings Announces Secondary Offering PEMBROKE, Bermuda, Nov. 21, 2016 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (NASDAQ:JRVR) (“James River” or the “Company”) announced today that certain of the Company’s significant shareholders intend to offer in an underwritten public offering an aggregate of 3,000,000 of the Company’s common shares (the “Selling Shareholders”). The Selling Shareholders will receive all of the net proceeds from this … Read More
United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.25 per Share and Announces Changes to the Board of Directors CEDAR RAPIDS, Iowa, Nov. 18, 2016 (GLOBE NEWSWIRE) — Today, the Board of Directors (the “Board”) of United Fire Group, Inc. (Nasdaq:UFCS) (“UFG” or the “Company”) declared a common stock quarterly cash dividend of $0.25 per share. This dividend will be payable December 15, 2016, to shareholders of record as of December 1, 2016. Also today, Casey D. Mahon, a … Read More
Americans Cite Affordability and Doctor Visits as Most Important Aspects of U.S. Healthcare System Amidst changes in leadership, Americans continue to battle rising healthcare costs and chronic illnesses LOS ANGELES, Nov. 18, 2016 /PRNewswire/ — The fourth annual healthcare survey released today by the national non-profit Transamerica Center for Health Studies (TCHS) shows that Americans continue to feel the most important aspect of the U.S. healthcare system is affordability, followed by ample meeting time … Read More
Nearly Half of Employers View Employer Mandate as Top Health Care Concern Going into 2017 New Aon data reveals health care issues that are top of mind for employers in the wake of the election LINCOLNSHIRE, Ill., Nov. 18, 2016 /PRNewswire/ — With the results of the 2016 election now in the record books, Congress and the president are set to engage, for the second time in less than a decade, in a debate over … Read More
SCOR: Declaration made pursuant to Article L. 233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Information 18 November 2016 Declaration made pursuant to Article L. 233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Information relating to the total number of shares and voting rights comprising the share capital as of October 31, 2016 Date Total number of shares[1] comprising the share capital Number of … Read More
New JLT Investment Management Cost & Volatility Analysis Model is Unprecedented in the Industry JLT continues to enhance its modelling capabilities. NEW YORK, Nov. 17, 2016 (GLOBE NEWSWIRE) — JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, today launches its proprietary Investment Management Cost & Volatility Analysis (CVA) Model developed … Read More
WellCare to Acquire Universal American Corp. Strengthens Medicare Advantage Business in Key Markets Positions Company for Growth with Addition of High-Quality Medicare Advantage Plans Transaction Expected to be Accretive to Earnings TAMPA, Fla. and WHITE PLAINS, N.Y., Nov. 17, 2016 /PRNewswire/ — WellCare Health Plans, Inc. (NYSE: WCG) and Universal American Corp. (NYSE: UAM) announced today that they have entered into a definitive agreement under which WellCare … Read More
New Workers Comp Study Identifies Differentiators of Higher Performing Claims Organizations CHICAGO, Nov. 16, 2016 /PRNewswire/ — For the first time in its four year history, the annual Workers’ Compensation Benchmarking Study identifies which claims best practices are generating better outcomes. Findings from the just published 2016 study reflect results from a nationwide survey of 492 claims leaders who report on methods that drive success in their organizations. To date, nearly … Read More
Alm. Brand Bank – Interim report Q3 2016 Highlights The bank generated a pre-tax profit of DKK 15 million in Q3 2016, against a loss of DKK 79 million in Q3 2015. The performance was better than expected and satisfactory. The forward-looking activities generated a pre-tax profit of DKK 24 million, which was better than expected. The performance was a year-on-year improvement of DKK 21 million, … Read More
Alm. Brand – Interim report Q1-Q3 2016 Alm. Brand generated a highly satisfactory pre-tax profit of DKK 817 million in 9M 2016. The full-year guidance is lifted by DKK 200 million to a profit of DKK 900-1,000 million. “In the third quarter of 2016, we once again outperformed expectations, and for the nine months ended 30 September, we generated an exceptionally strong overall profit,” said CEO … Read More