• Nation's fifth largest mortgage insurer joins the IPO craze

    2 days ago - By Inman

    Genworth Mortgage Insurance Corp. will rebrand as Enact in a partial IPO that values the company at $3.6 billion and paves the way for a future spin-off.
    Read more ...

     

  • AM Best Revises Outlooks to Stable for Humana Inc. and Its Subsidiaries

    2 days ago - By A.M. Best

    AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of “a-” for the ...
    Read more ...

     

  • How companies rip off poor employees - and get away with it

    2 days ago - By Chron

    Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employers who steal their wages.
    When a recession hits, U.S. companies are more likely to stiff their lowest-wage workers, research shows. Some businesses pay less than the minimum wage, make employees work off the clock, or refuse to pay overtime rates. In the most egregious cases, bosses don't pay their employees at all.
    Companies that hire child care workers, gas station clerks, restaurant servers and security guards are among the businesses most...
    Read more ...

     

  • Direct Insurance Group Rebrands in the UK as Aventum

    2 days ago - By A.M. Best

    Direct Insurance Group has rebranded as Aventum amid plans to increase the company's global presence.
    “With a higher profile in the market we believe we can keep up our growth trajectory,” ...
    Read more ...

     

  • AM Best Assigns Credit Ratings to Southlake Specialty Insurance Company and Westlake Specialty Insurance Company

    3 days ago - By A.M. Best

    AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of “a-” to Southlake Specialty Insurance Company and its subsidiary, Westlake Specialty ...
    Read more ...