Insurance investigations recover nearly $1.4M for Mainers
Additionally, policies valued at $818,000 were matched to Mainers through the National Association of Insurance Commissioners Life Insurance Policy Locator.
Credit: AP Published: 2:40 PM EST February 11, 2021 Updated: 2:42 PM EST February 11, 2021
AUGUSTA, Maine Maine Bureau of Insurance Superintendent Eric Cioppa announced Thursday that nearly $1.4 million was recovered for Maine consumers through investigations conducted by the Bureau’s consumer divisions in 2020.
Additionally, policies valued at $818,000 were matched to Mainers through the Life Insurance Policy Locator, managed by the National Association of Insurance Commissioners (NAIC), of which Maine is a member.
“Throughout 2020, despite the majority of our staff working remotely, we maintained our normal daily schedules and support services for consumers and also put in place a number of pandemic-related orders and bul
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to GSMS 2021-RENT
February 10, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 10, 2021
Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 13 classes of GSMS 2021-RENT, a CMBS single-borrower securitization.
The collateral for the transaction is a $347.2 million portion of a $674.8 million non-recourse, first lien mortgage loan. The floating rate loan has an initial two-year term with one, one-year extension option, and requires monthly interest-only payments based on one-month LIBOR. The loan is secured by the borrower’s fee simple interests in 62 multifamily properties totaling 1,734 units located throughout San Francisco, California. As of December 2020, the portfolio was 74.7% occupied.
Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities February 10, 2021
The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities.
They say they will also remain active responding to the ongoing coronavirus pandemic and its impact on consumers and insurance markets.
The state regulators’ organization, the National Association of Insurance Commissioners (NAIC), celebrating its 150th anniversary, announced its strategic priorities for 2021.
“This year marks 150 years of NAIC members being unified in their commitment to protect consumers and ensure fair, competitive, and healthy markets,” said NAIC President and Florida Insurance Commissioner David Altmaier. “In 2021, we will continue this tradition and find ways
CNO Financial Group Reports Fourth Quarter, Full Year 2020 Results
PR Newswire
CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ending December 31, 2020, net income was $111.8 million, or $0.80 per diluted share compared to net income of $278.0 million, or $1.84 per diluted share in 4Q19 (including $193.7 million, or $1.28 per diluted share, related to a tax benefit from a tax planning strategy). Net operating income (1) in 4Q20 was $86.0 million, or $0.61 per diluted share, compared to $78.6 million, or $0.52 per diluted share, in 4Q19.
Net income for the year ended December 31, 2020, was $301.8 million, or $2.11 per diluted share, compared to $409.4 million, or $2.61 per diluted share, in 2019 (including $193.7 million, or $1.23 per diluted share, related to a tax benefit from a tax planning strategy). Net operating income (1) for the year ended December 31, 2020, was $362.3 million, or $2.53 per diluted share, compared to $290.0 million, or $1.85 per d
/PRNewswire/ As we continue to see temperatures drop in many parts of the country, including Colorado, you might think it s safe to warm up your vehicle.