On May 15, 2012, Protective Life Corporation, a Delaware corporation, entered into a purchase agreement with Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner& Smith Incorporated, Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein, for the issuance and sale by Protective of $250...
A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit ratings of“ a-” of Premera Blue Cross and its subsidiaries, LifeWise Assurance Company and LifeWise Health Plan of Washington. The outlook for these ratings is stable. A.M. Best also has revised the outlook to stable from negative and affirmed the FSR of A- and ICR of“ a-” of LifeWise Health...
A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of“ a-” of Ardellis Insurance Ltd.. The outlook for both ratings is stable. The ratings of Ardellis reflect its conservative underwriting leverage, strong level of capitalization and profitable operating results driven by its excellent underwriting performance.
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and...
May 18-- Nearly three weeks after baseball-sized hail pelted St. Louis neighborhoods, smashing windshields and puncturing roofs, residents have filed tens of thousands of claims. The area's two largest insurers alone-- together controlling 33 percent of the auto insurance market and 42 percent of the homeowner's market-- have fielded about 60,000 claims,...
"We all agree that controlling health care costs is critical, but this flawed measure will do nothing to address the underlying costs driving health care premiums and will ultimately limit patients' access to care," said Don Crane, President and CEO, California Association of Physician Groups. " said Allan Zaremberg, President, California Chamber of Commerce.
