It has been about a month since the last earnings report for Selective Insurance (SIGI). Shares have added about 6.9% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Selective Insurance due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Last week I published the first article of this series of 3 blogs (https://bankloch.blogspot.com/2020/08/innovation-is-key-to-solve-our-climate.html), introducing
how our climate issues can be solved through a worldwide roll-out of technological innovations and by ensuring that these innovations are economically viable. In order to ensure this viability, a drastic change in the behavior
of all corporate stakeholders needs to be established. This second blog focuses more specifically on what the Financial Services sector can bring to the table.
Although the financial services industry does not generate much global warming emissions itself, they are perfectly positioned to support and enhance this change thanks to their large influence on the decision process of companies and consumers. As such they
can be a big part of the solution, when they put their influence to good use.
With 70% of banks recognizing that climate change poses serious financial risks, the Financial Services industry has
Legal mandates for Idaho insurers to cover telehealth services at the same rate as in-person visits likely aren’t the best route for ensuring that telehealth payment parity remains, a state group of health care experts learned this week, writes Post Register reporter Kyle Pfannenstiel. Idaho’s Telehealth Taskforce concluded its meetings Wednesday. Since January, the state-founded group has met regularly to discuss revamping telehealth in Idaho.
Idaho’s telehealth laws have been drastically overhauled in the past five years, the Idaho Press reported, but the task force has said several obstacles prevent it from being as widespread as it could. Rural areas sometimes don’t have nearby doctors or reliable broadband. Idaho’s legal definition is too narrow, task force members worry, and it could exclude future technologies.
Yet another gap for telehealth in Idaho: How it’s paid for.
Most states have laws that, to some extent, require insurers pay for telehealth services at
Michael Kerr thought he would be back to work by now. When the 52-year-old from Reading was put on furlough from his retail manager position in mid-March, he figured the business would reopen by April, reinstating him and other employees.
But as his furlough dragged on into June, he realized his job loss would become permanent, leaving him without income or his employer-sponsored health insurance.
“I felt like I needed to cover myself in bubble wrap and stay in the house,” he said. “Every ache and pain got a little bit more scary.”
Kerr is one of millions of American workers who have lost their job-based health insurance during the COVID-19 pandemic. The Kaiser Family
COLUMBUS, Ohio, July 23, 2020 /PRNewswire/ — Fusco & Orsini Insurance Services, a large California-based independent insurance agency, is the latest in a string of agencies that have chosen to expand their relationship with Bold Penguin, a rapidly growing commercial insurance technology provider.
“We share a devotion to preserving the ‘human touch’ in commercial insurance,” said Marc DeLeonibus, cofounder of Bold Penguin. “Our platform supports the existing process by empowering agents like Fusco with technology that makes the process of triaging, quoting and binding commercial insurance more efficient.”
Fusco & Orsini has leveraged Bold Penguin’s Exchange in a rules-based tool to write commercial insurance quickly, accurately and more profitably than previously possible. Information on a risk is entered through a single application, carriers can be ranked, coverage can be organized, and bindable quotes will appear consistently across the entire organization sourced by Bold Penguin or Fusco’s organic
USG Insurance Services Hires Florida-Based Morgan
July 31, 2020
USG Insurance Services, Inc., a national wholesaler and MGA, has hired Mark Morgan as producer/broker: Property, in Tampa, Fla. Morgan has 19 years of industry experience, most recently serving as director of New Business Development for CAT Program at Community …
USG Opens Branch in Alpharetta, Georgia
July 24, 2020
USG Insurance Services, Inc., a national wholesaler and MGA, is has expanded its operations into Alpharetta, Ga., with the launch of a new satellite office and the hire of Bob Reardon, branch manager, and Michelle Reardon, vice president producer/broker. Bob …
USG Names Aubry Commercial Lines Producer in Arizona
July 9, 2020
USG Insurance Services Inc. has named Amanda Aubry as a producer/broker in commercial lines in the Scottsdale, Ariz., office. Aubry has 18 years of insurance industry experience. She was previously a senior underwriter at Chubb. She was with Risk
CHICAGO, Aug. 27, 2020 /PRNewswire/ — LaSalle St., a family of wealth management firms encompassing independent broker-dealer and registered investment adviser (RIA) platforms, today announced the recruitment of Retirement Services Group, a Northbrook, Illinois-based firm specializing in profit sharing and 401(k) plans, which oversees approximately $625 million in assets. The addition of Retirement Services Group builds on a surge in fast-growing and innovative financial advisor teams joining LaSalle St. this year.
Mark Contey, Senior Vice President of Business Development for LaSalle St., said, “We are thrilled that Retirement Services Group has joined the LaSalle St. family. The team has long stood out as an innovator in its field for both plan sponsors and plan participants. Our recruitment of Retirement Services Group is a prime example of how LaSalle St.’s nimble and comprehensive home office support adds value to a diverse array of practices. We are committed to
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed.” data-reactid=”13″BOSTON, Aug. 26, 2020 (GLOBE NEWSWIRE) — Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed.
Located in Boardman, Ohio, just south of Youngstown, McCamon Hunt adds to Risk Strategies’ existing footprint and stable of expert talent in the state. Founded in 1996 through a merger, the firm traces its roots to 1939 and boasts outstanding client retention with some remaining for more than 20 years.
Mount Pleasant-based Johnson & Johnson will expand its insurance services in Georgia with the acquisition of National Program Management. The transaction is expected to close on Tuesday, the company said in a news release.
This marks the 10th acquisition since 2009 for the family-owned Johnson & Johnson, according to the company’s website.
“By focusing on strong performers with the same values and cultures, J&J continues to expand our product portfolio and strong leadership position in key markets throughout the eastern United States,” the website says.
NPM, located in Alpharetta, Ga., was founded in the mid-1980s as a wholesale broker focusing on environmental, property and casualty insurance. Twenty-four years later it acquired Leverett Insurance Group, expanding its brokerage offerings to include energy, manufacturing, real estate, transportation, construction, retail and other services.
Scott Lewis, general manager of NPM, said the combined business would result in new opportunities for agents in the company.