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AM Best Downgrades Issuer Credit Ratings of South Carolina Farm Bureau Group Members
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bbb” (Good) from “bbb+” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of South Carolina Farm Bureau Mutual Insurance Company (Cayce, SC) and its reinsured affiliate, Palmetto Casualty Insurance Company (Cayce-West Columbia, SC). The outlook of the FSR has been revised to negative from stable while the outlook of the Long-Term ICR is negative. Both companies are
Veterans Engineering Secures $50M Contract with Department of Veterans Affairs to Support Enterprise Visibility Support Services (EVSS)
ROCKVILLE, Md.--(BUSINESS WIRE)-- #bigfix--Veterans Engineering wins a $50M VA contract to enhance endpoint security, compliance monitoring, and software assurance across 850,000+ devices.
AM Best Affirms Credit Ratings of Dah Sing Insurance Company Limited
HONG KONG--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Dah Sing Insurance Company Limited (DSI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect DSI’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect
Cambridge Savings Bank Extends New Credit Facility to Accelerate Growth for Fabrizia Spirits
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #SMBs--Cambridge Savings Bank has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States.
FundingShield Q3 2024 Wire Fraud Risk Report Showing Nearly Half of Transactions at Risk
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #compliancemanagement--During Q3 2024, 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q3 2024 saw record-high risk levels for CPL related errors (45.1% of transactions) for critical data points such
Newly Launched ‘Mutuals Matter’ Awareness Campaign Highlights Community-First Impact of Mutual Banks
CONCORD, N.H.--(BUSINESS WIRE)--An association of banking leaders operating across the country has launched an industry-first, collaborative awareness campaign highlighting the community-minded benefits offered by mutual banks. Developed by a group of 10 founding mutual bank participants, Mutuals Matter is a national advertising, marketing and communications effort that aims to shine a spotlight on what sets mutual banks apart from other financial institutions. The campaign emphasizes the fact
Viral Nation Partners with Jackass Executive Producer Trip Taylor to Launch Full Tilt Network Ahead of MIPCOM 2024
TORONTO--(BUSINESS WIRE)--Viral Nation, a leading social media marketing and creator agency with a social-first approach powered by its proprietary technology, has teamed up with legendary producer Trip Taylor (Jackass, Nitro Circus, and Bad Grandpa) to launch Full Tilt Network at MIPCOM 2024 for a global audience. The platform will be home to over 1,000 hours of content and feature a full-throttle lineup of high-octane sports content and originals from iconic creators like Nick Pro, The Dudeso
Primergy Secures Additional $350 Million for Ash Creek Solar Project
OAKLAND, Calif.--(BUSINESS WIRE)--Primergy Solar closed commitments for $350 million in tax equity financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.
Making an Impact on International Credit Union Day
MINNEAPOLIS--(BUSINESS WIRE)--To amplify the credit union movement and the value credit unions bring to their communities, Elan Credit Card (Elan) is celebrating International Credit Union Day with three, $15,000 donations on behalf of three credit union partners. “Supporting the needs of our credit card partners extends beyond our business partnership, which is why we launched the Elan Charitable Giving program in 2022. To date, we have donated over $1.7 million, positively impacting more than
Q2 Introduces Symphonix to Help Global Non-Bank Lenders Orchestrate Better Borrowing Experiences
AUSTIN, Texas--(BUSINESS WIRE)--Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced the introduction of Symphonix, the evolution of its cloud-based digital lending solution. The Symphonix lending platform is designed specifically to help non-bank lenders build and grow profitable portfolios. Symphonix provides cloud-based loan origination, loan servicing, collections, and investor management applications across the globe
UKG: Are Retailers Ready for the Holiday Shopping Surge?
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--According to the fifth-annual survey on seasonal retail hiring trends from UKG, 88% of retailers have begun hiring for the expected seasonal surge.
Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024
RESTON, Va.--(BUSINESS WIRE)--Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion. “These results are continued proof of the robust adoption of Same Day ACH. Since its debut, Same Day ACH has handled nearly 4 billion payments valued at $8 trillion,” said Jane Larim
Emplifi Data Reveals 90% Surge in Social Ad Spend and Critical Gaps in Customer Support Ahead of Black Friday
NEW YORK--(BUSINESS WIRE)--Emplifi, a leading customer engagement platform, has released critical insights into social media advertising and customer care trends to help brands optimize their strategies ahead of the Black Friday/Cyber Monday shopping season. Emplifi's analysis shows that ad spend on Facebook and Instagram surged by 90% in the days leading up to Black Friday last year, with social ad impressions peaking during the same period. Click-through rates (CTR) for Black Friday ads held
IAMPHENOM 2025 Registration Opens with Earliest Bird Pricing, Call for Speakers and Sponsors
PHILADELPHIA--(BUSINESS WIRE)-- #HRTech--IAMPHENOM 2025 Registration Opens with Earliest Bird Pricing, Call for Speakers and Sponsors
Morgan Stanley Investment Management and Opportunity Finance Network Announce Annual Contribution Recipient in Support of Affordable Housing Initiatives
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today announced the deployment of a portion of the second annual contribution related to MSIM’s money market funds’ Impact Class shares. The total amount of MSIM’s annual contribution made earlier this year, was $350,000 and was directed to OFN’s Finance Justice Fund, MSIM’s diversity and inclusion partner for the Impact Class shares. “We are pleased to see the growth and impact of o
Shareholder Alert: Ademi LLP Investigates Whether Zuora, Inc. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Zuora (NYSE: ZUO) for possible breaches of fiduciary duty and other violations of law in its transaction with Silver Lake and GIC. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Zuora shareholders will receive only $10.00 per share in a transaction valued at $1.7 billion. Tien Tzuo, Zuora’s Founder, CEO and Chairman of the Board, will
SullivanCotter Research: Health Care Executive Pay Increases and Incentive Design Reflect Increasingly Competitive Talent Market
CHICAGO--(BUSINESS WIRE)--SullivanCotter’s 2024 Health Care Management and Executive Compensation Survey includes data from nearly 3,300 organizations.
Foot Locker Introduces New Storefronts Creator Platform Powered by impact.com
NEW YORK--(BUSINESS WIRE)--impact.com, the world’s leading partnership management platform, today announced its powering of Foot Locker Storefronts, a platform that enables qualified influencers and content creators to work with the Foot Locker brand, a global leader in footwear and apparel retail as well as sneaker culture. The platform will allow qualified content creators and Foot Locker to work in tandem to engage with new and existing sneaker fanatics by offering a customized digital store
Firstsource positioned a ‘Leader’ in Everest Group's Healthcare Payer Business Process as a Service Solutions PEAK Matrix® Assessment 2024
MUMBAI, India & LOUISVILLE, Ky.--(BUSINESS WIRE)--Firstsource Solutions Limited (NSE: FSL, BSE:532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, today announced that it has been positioned as a ‘Leader’ in Everest Group’s inaugural Healthcare Payer Business Process as a Service (BPaaS) – Solutions PEAK Matrix® Assessment 2024. This recognition highlights Firstsource’s commitment to delivering tech-enabled solutions
Humana Receives High Rankings on the 2024 Hispanic Association on Corporate Responsibility Corporate Inclusion Index
LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) has been recognized by the Hispanic Association on Corporate Responsibility (HACR) in their 2024 Corporate Inclusion Index (CII) for its continued commitment to advancing inclusion for Hispanic and Latinx employees in the C-suite, corporate boardroom, supplier base, mid- and entry-level employee pipeline and philanthropic sphere. The Corporate Inclusion Index is a research initiative that measures Hispanic inclusion across four areas of