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AM Best Affirms Credit Ratings of Assurant, Inc.; Its Property/Casualty Subsidiaries; and Life/Health Subsidiaries

Thu, 09/04/2025 - 18:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the U.S. property/casualty (P/C) subsidiaries of Assurant, Inc. (Assurant) (headquartered in Atlanta, GA) [NYSE: AIZ]. These companies are collectively referred to as Assurant P&C Group (Assurant P&C). At the same time, AM Best has affirmed the Long-Term ICR of “a-” (Excellent), all associated Long-Term I

Elsberg Baker & Maruri Awarded by Chambers, Benchmark Litigation, Legal 500, and Others

Thu, 09/04/2025 - 18:30
NEW YORK--(BUSINESS WIRE)--Elsberg Baker & Maruri is pleased to announce that in its first year the firm and its attorneys have received numerous awards and notable rankings, including from Chambers and Partners, Benchmark Litigation and Legal 500. The total of over 50 awards for a six-partner team underscores the firm’s unique dedication to excellence in litigation and legal services. Furthermore, every one of the partners has been ranked multiple times – an achievement that is exceptional

KBRA Assigns Preliminary Rating to NYCTL 2025-A Trust

Thu, 09/04/2025 - 15:30
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a preliminary rating to one class of notes issued by NYCTL 2025-A Trust, a $172.5 million property tax lien ABS transaction. Proceeds from the Notes will be used to acquire a portfolio of 3,915 property tax liens in New York City with a redemptive value of approximately $220.0 million and a weighted average interest rate of 9.5%. The $220.0 million principal balance largely consists of residential properties (74.0%), followed by commercial and industrial

HealthView Home Healthcare Services Ranks #23 on Fortune’s 100 Best Small Workplaces 2025 and Earns 95% Great Place to Work® Score

Thu, 09/04/2025 - 15:30
CERRITOS, Calif.--(BUSINESS WIRE)--HealthView ranked #23 on Fortune’s 100 Best Small Workplaces 2025 and earned 95% Great Place to Work®, highlighting excellence in care and culture.

AM Best Affirms Credit Ratings of Toyota Motor Insurance Company

Thu, 09/04/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Toyota Motor Insurance Company (TMIC) (Chandler, AZ). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TMIC’s balance sheet strength, which AM Best assesses at the strongest level, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). TMIC’s

TROX Investors Have Opportunity to Lead Tronox Holdings plc Securities Fraud Lawsuit with the Schall Law Firm

Thu, 09/04/2025 - 15:30
LOS ANGELES--(BUSINESS WIRE)---- $TROX--TROX Investors Have Opportunity to Lead Tronox Holdings plc Securities Fraud Lawsuit with the Schall Law Firm

AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries

Thu, 09/04/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the primary life insurance subsidiaries of Protective Life Corporation (headquartered in Birmingham, AL), collectively known as Protective Life. Additionally, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IRs) of Protective Life Corporation.

Lead Bank Closes Series B Fundraising Round

Thu, 09/04/2025 - 15:30
KANSAS CITY, Mo.--(BUSINESS WIRE)--Lead Bank, the industry-leading bank serving the world’s top fintechs and digital asset companies, today announced the close of its $70 million Series B fundraising round. The round included new investors, ICONIQ and Greycroft, as well as existing investors Ribbit Capital, Coatue, Khosla Ventures, Andreesen Horowitz, and Zeev Ventures. Lead’s post-money valuation is now $1.47 billion. “The fastest growing fintechs want to work with a bank that moves at their s

AM Best Comments on Credit Ratings of Skyward Specialty Insurance Group Members Following Announced Acquisition of Apollo Group Holdings Inc.

Thu, 09/04/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Great Midwest Insurance Company (GMIC), Houston Specialty Insurance Company (HSIC), Oklahoma Specialty Insurance Company (OSIC) and Imperium Insurance Company (IIC) are unchanged following the September 2, 2025, announcement that Skyward Specialty Insurance Group, Inc. (Skyward Group) has entered into a definitive

Noble Environmental, Inc. Announces Closing of Inaugural Issuance of $100.0 million in Aggregate Principal Amount of Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue Bonds (Noble Environmental, Inc. Project)...

Thu, 09/04/2025 - 15:30
CANONSBURG, Pa.--(BUSINESS WIRE)--  Noble Environmental, Inc. Announces Closing of Inaugural Issuance of $100.0 million in Aggregate Principal Amount of Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue Bonds (Noble Environmental, Inc. Project), Series 2025 Noble Environmental, Inc. (“Noble”) announced today that it has completed the sale of $100.0 million in aggregate principal amount of Pennsylvania Economic Development Finance Authority (the “Issuer” or “PEDF

Fiserv Expands Clover Offerings for Hospitality with CardFree Acquisition

Thu, 09/04/2025 - 15:30
MILWAUKEE & SAN FRANCISCO--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has acquired CardFree, an all-in-one platform empowering merchants with customized order, pay, and loyalty solutions. This transaction enhances the capabilities of Clover®, the world's smartest point-of-sale solution, to support small businesses as they grow into larger, multi-location merchants with complex technical needs. CardFree’s

Haig Partners Serves as the Exclusive Advisor to AutoCanada’s Leader Automotive Group on the Sale of Four Dealerships Located in Illinois

Thu, 09/04/2025 - 15:30
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- #CDJR--Haig Partners LLC, a leading buy-sell advisory firm to auto, heavy truck and RV dealers in the US, served as the exclusive sell-side advisor on the sale of four dealerships previously held by AutoCanada’s U.S. subsidiary, Leader Automotive Group: Chevrolet of Palatine, Hyundai of Palatine, North City Honda and Crystal Lake Chrysler Dodge Jeep Ram (CDJR), all located in the Chicagoland, Illinois area. Chevrolet of Palatine and Hyundai of Palatine were sold

Behind the Wheel of Legal Inflation: More Than $42.8B in Excess Auto Tort Cases Uncovered, New Triple-I Analysis Finds

Thu, 09/04/2025 - 15:30
MALVERN, Pa.--(BUSINESS WIRE)--Triple-I estimated $42.8 billion in excess litigation value from motor vehicle tort cases filed in federal and state civil courts from 2014-23.

Barings Supports the Continued Growth of One Equity Partners’ Portfolio Company, CloudOne Digital

Thu, 09/04/2025 - 15:30
NEW YORK--(BUSINESS WIRE)--Barings, one of the world’s leading investment managers, announced today that it has served as the lead lender of senior secured credit facilities to support One Equity Partners’ portfolio company, CloudOne Digital (“CloudOne”), in its next phase of growth. CloudOne is a technology-driven services firm headquartered in the Atlanta area, specializing in cloud infrastructure, digital transformation, and managed IT solutions. The company partners with mid-market and ente

Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed

Thu, 09/04/2025 - 15:30
SAN FRANCISCO--(BUSINESS WIRE)--Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced the hiring of Asmau Ahmed as the company’s first Chief Artificial Intelligence and Data Officer (CAIDO). Reporting directly to CEO Gavin Michael, she will lead company-wide AI and machine-learning efforts. Varo has dramatically expanded credit access by using data and advanced machine learning-driven decisioning to responsibly extend loans to more customers, reinforcing the ba

Replimune Group, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - REPL

Thu, 09/04/2025 - 15:30
LOS ANGELES--(BUSINESS WIRE)--Replimune Group, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - REPL

AM Best Assigns Issue Credit Ratings and Indicative Issue Credit Ratings to The Cigna Group

Thu, 09/04/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IRs) of “bbb+” (Good) to The Cigna Group’s (Cigna) (headquartered in Bloomfield, CT) [NYSE: CI] new senior unsecured notes. In addition, AM Best has assigned indicative Long-Term IRs on the recently filed shelf registration of Cigna. The outlook assigned to these Credit Ratings (ratings) is stable. (Please see below for a detailed list of the Long-Term IRs.) Concurrently, AM Best has withdrawn the ra

Redtail Renewables and Pacolet Milliken Launch Joint Venture to Advance Renewable Natural Gas Development

Thu, 09/04/2025 - 15:30
INDIANAPOLIS--(BUSINESS WIRE)--Redtail Renewables, a leading renewable natural gas (RNG) developer and operator, and Pacolet Milliken, a private investment firm, today announced the formation of joint venture RPM Holdings (RPM), which launches with the acquisition of an RNG project located near Owensboro, Kentucky. The Owensboro project reflects the joint venture’s commitment to advancing renewable natural gas solutions across North America. The new partnership is also in advanced stages of pla

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2025-6 and Pagaya AI Debt Trust 2025-6

Thu, 09/04/2025 - 15:30
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 12 classes of notes issued by Pagaya AI Debt Grantor Trust 2025-6 and Pagaya AI Debt Trust 2025-6 (collectively “PAID 2025-6”), an unsecured consumer loan ABS transaction. PAID 2025-6 has initial hard credit enhancement levels of 82.04% for the Class A-1 Notes to 1.46% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at closin

Luminar Technologies, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LAZR

Thu, 09/04/2025 - 12:30
LOS ANGELES--(BUSINESS WIRE)--Luminar Technologies, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LAZR

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