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Best's Review Reports on Mutual Insurers, Surplus Lines Sector and More

Lastest from Businesswire - Fri, 09/05/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)--The September issue of Best’s Review examines mutual insurers: “Mutual Insurers Dominate Market Share in Farmowners Multiperil, Disability Income, Other Lines” examines AM Best data to find out where mutuals have a dominant share of the market. “NAMIC President: Legal System Abuse, Weather, Inflation, Other Events Creating New Era of Risk” looks at how insurers are using new technologies to help with pricing accuracy as well as to improve efficiency. “AI Makes th

Law Offices of Howard G. Smith Encourages Dow Inc. (DOW) Investors to Inquire About Securities Fraud Class Action

Lastest from Businesswire - Fri, 09/05/2025 - 15:30
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Dow Inc. (“Dow” or the “Company”) (NYSE: DOW) securities between January 30, 2025 and July 23, 2025, inclusive (the “Class Period”). Dow investors have until October 28, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN DOW INC. (DOW), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SEC

Deadline Soon: Centene Corporation (CNC) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit

Lastest from Businesswire - Fri, 09/05/2025 - 15:30
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming September 8, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Centene Corporation (“Centene” or the “Company”) (NYSE: CNC) securities between December 12, 2024 to June 30, 2025, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO LOST MONEY ON CENTENE CORPORATION (CNC), CLICK HERE TO PARTICIPATE IN THE SECU

AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries

Lastest from Businesswire - Fri, 09/05/2025 - 15:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Aflac Life Insurance Japan, Ltd. (Japan) (Aflac Japan), American Family Life Assurance Company of Columbus (Omaha, NE), American Family Life Assurance Company of New York (Albany, NY) and Continental American Insurance Company (Omaha, NE). These companies represent the life/health insurance subsidiaries of Aflac Incorpo

AIR LEASE CORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Air Lease Corporation - AL

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Air Lease Corporation (NYSE: AL) to Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield. Under the terms of the proposed transaction, shareholders of Air Lease will receive $65.00 in cash for each share of Air Lease that they own. KSF is seeking to determine whether this consideration

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

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
LOS ANGELES--(BUSINESS WIRE)--Fiserv, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FI

Cosentus Invests in Accreda Healthcare Management — An Anesthesia-Exclusive RCM Provider

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
IRVINE, Calif.--(BUSINESS WIRE)---- $RCM #Accreda--Cosentus invests in Accreda, an anesthesia-exclusive RCM provider, enhancing coding accuracy, claims processing & revenue performance.

AM Best Downgrades Credit Ratings of Erie Insurance Group’s Members; Affirms Credit Ratings of Erie Family Life Insurance Company

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “aa-” (Superior) of the property/casualty (P/C) members of Erie Insurance Group (Erie). The outlook of these Credit Ratings (ratings) has been revised to stable from negative. Additionally, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Erie Family

Avangrid Named a 2025 Corporate Wellness Innovator by Fast Company and Wellhub

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced it has been named a 2025 Corporate Wellness Innovator by Fast Company and Wellhub. Avangrid was recognized for its innovative approach to employee wellness alongside 19 other forward thinking organizations redefining employee wellbeing as a strategic advantage. “Avangrid being named a 2025 Corporate Wellness Innovator reflects our deep commitment to creating and fostering

Arcadia Capital Advises HyBridge Solutions on Strategic Sale to Argano

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
MIAMI--(BUSINESS WIRE)--Arcadia Capital, the premier strategic advisor and investment bank to leaders in the technology and software ecosystem, served as the exclusive financial advisor to HyBridge Solutions in its sale to Argano, a global specialist consultancy and portfolio company of Trinity Hunt Partners. HyBridge enhances Argano’s platform with deep Infor and UKG expertise, broadening capabilities in workforce management, human capital management and cloud ERP. With a proven track record i

Haberfeld Clients Named Finalists for 2025 CU Times Luminaries Awards

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
LINCOLN, Neb.--(BUSINESS WIRE)-- #CUAwards--Haberfeld Clients Named Finalists for 2025 CU Times Luminaries Awards

KBRA Releases Monthly CMBS Trend Watch

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the August 2025 issue of CMBS Trend Watch. With the Federal Reserve signaling that a possible rate cut could be coming at its mid-September meeting, lower borrowing costs could set the stage for increased CMBS private label issuance. Already through August, issuance is up 23.9% on a year-to-date (YTD) year-over-year (YoY) comparison. Single borrower (SB) deals continue to lead the charge (12 of 14 deals in August) which, based on our current visibility,

Tri-Continental Corporation Declares Third Quarter Distribution

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a third quarter ordinary income distribution of $0.2654 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on September 24, 2025 to Common Stockholders of record on September 16, 2025, and dividends on Preferred Stock will be paid on October 1, 2025 to Preferred Stockholders of record on September 16, 2025. The ex-dividend date for both t

AM Best Affirms Credit Ratings of MSIG Europe SE

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
AMSTERDAM--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of MSIG Europe SE (MSIG Europe) (Belgium). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MSIG Europe’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. In addition, MSIG Europe’s ratin

Best’s Market Segment Report: Evolving and Shifting Dynamics in the Health Reinsurance Space

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Aging populations and increased health care needs across developed and emerging markets have contributed to the growth of global health reinsurance in recent years, according to a new AM Best report. However, the increased usage of health reinsurance has been driven by greater claim costs, including more high-dollar claims in the United States, combined with increased utilization. The Best’s Market Segment Report, “Evolving and Shifting Dynamics in the Health Rei

Vested and Scrunch AI Form Partnership to Expand AI Search and Content Optimization Capabilities for Financial Services Brands

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
NEW YORK--(BUSINESS WIRE)--Vested, the leading marketing and communications agency dedicated to financial services, has announced a strategic partnership with Scrunch AI, a pioneering platform that enables businesses to monitor, analyze, and optimize how their brands appear in AI platforms, such as ChatGPT, Perplexity, Meta AI, and more. With millions of people getting advice and recommendations from AI and preferring answers instead of links, this collaboration will help financial brands maint

Acadian Asset Management Inc. Chairman John Paulson Reaffirms Commitment as Long-Term Shareholder

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
BOSTON--(BUSINESS WIRE)--Acadian Asset Management Inc. (NYSE: AAMI) Chairman John Paulson today commented, “I’m enthusiastic about Acadian’s transition into the only pure-play public systematic manager. Since this transition, Acadian has experienced strong operating performance and asset growth, and we remain excited about its future prospects. This week in response to investor interest through reverse inquiry, we sold a relatively small block of stock for rebalancing purposes. After the sale,

WSFS Announces Kevin Stach as Senior Vice President, Middle Market Senior Relationship Manager

Lastest from Businesswire - Fri, 09/05/2025 - 12:30
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today the addition of industry veteran Kevin Stach to its growing middle market team. As Senior Vice President, Middle Market Senior Relationship Manager, Stach will be focused on serving family- and sponsor-owned companies with revenues between $50-250 million for the Greater Philadelphia area. Prior to joining WSFS, Stach spent more than eight years in New York City as a Co

Best’s Special Report: AM Best Updates Net Capital Charge Tables for ACIS/CIRT Reinsurance Transactions

Lastest from Businesswire - Fri, 09/05/2025 - 09:30
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs—Freddie Mac’s Agency Credit Insurance Structure (ACIS) and Fannie Mae’s Credit Insurance Risk Transfer (CIRT). These tables also highlight some of the key components of the factor-based method used to calculate net capital charges in the Best’s Capital Adequacy Ratio (BCAR) m

First Trust Changes Investment Strategies, Name and Other Related Matters for First Trust EIP Carbon Impact ETF

Lastest from Businesswire - Fri, 09/05/2025 - 09:30
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announces the First Trust EIP Carbon Impact ETF (NYSE Arca: ECLN) (the “Fund”), a series of First Trust Exchange-Traded Fund IV (the “Trust”), changed its investment strategies, name and other related matters, effective September 5, 2025. The Fund’s new name is the First Trust EIP Power Solutions ETF and the Fund’s new ticker is FPWR. In connection with the change to the Fund’s name, the Fund’s non-fundamental investment policy t

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