Insurance

Selective Insurance Group: Q2 Earnings Insights

Shares of Selective Insurance Group (NASDAQ:SIGI) rose 2.36% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 65.52% over the past year to $0.40, which beat the estimate of $0.33.

Revenue of $724,800,000 rose by 3.34% from the same period last year, which beat the estimate of $675,030,000.

Guidance

Selective Insurance Group hasn’t issued any earnings guidance for the time being.

View more earnings on SIGI

Selective Insurance Group hasn’t issued any revenue guidance for the time being.

Price Action

Company’s 52-week high was at $81.35

Company’s 52-week low was at $37.05

Price action over last quarter: Up 28.70%

Company Description

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with most of its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts primarily on small businesses, offering commercial products that include

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Genworth Mortgage Insurance reports $90m first-half loss on big writedown

Genworth Mortgage Insurance has suffered a $90 million loss in the first half after taking a $181.8m pre-tax writedown on the acquisition of new mortgage contracts in the first quarter due to the impacts of COVID-19.

Genworth made an $88.1m profit last year.

The company has also set aside $35.5m in loss reserving, due to the novel coronavirus.

“We responded quickly to the pandemic and have adapted our ways of operating in a manner that prioritises the well-being of our people and supports our lender customers and their borrowers in these challenging times,” Genworth chief executive and managing director Pauline Blight-Johnston said.

Genworth said its delinquency rate increased two basis points to 0.62 per cent during the half-year, with new delinquencies down 9.6 per cent to 4988 as loan repayment deferrals and legal moratoriums slowed customer loss management processes.

Genworth said it had $800m of excess loss reinsurance cover from

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Sona Delikyan Insurance Agency Moves to Glendale, CA

Agency opens office in Glendale Ca to better serve it’s San Fernando valley clients.

Glendale, CA – Jul 29, 2020 – Sona Delikyan Insurance Agency has a new home in the heart of Glendale, CA. The insurance agency, in business for over fifteen years, has recently moved to its new location at 201 N. Brand Blvd, Suite 201.  

The insurance agency provides the most competitive rates in the industry, regardless of prior coverage. The agency also reviews any existing policies to ensure it provides the best coverage available, free of charge.

Services include life insurance, Final expense, retirement plans, health insurance, Medicare & prescription drug plans, personal auto and homeowners insurance. On the business side, we are competitive with business insurance, commercial auto, general liability & professional liability and workers compensation.

“Our team will help review your specific needs, review your current insurance plan and submit your information to multiple

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Report: Former Washington RB Clinton Portis charged in NFL player insurance fraud case

When Ron Rivera took over as the Washington Football Team’s head coach in early January, he inherited a squad who was coming off a dismal 3-13 season. To make matters worse, Washington’s best player at the time, Trent Williams, wanted out.

Over the past seven months, Washington’s franchise has been in the news plenty, and mostly for bad reasons. The team’s name controversy took off in July, which resulted in the franchise officially retiring the name ‘Redskins’ and logo. Days later, the Washington Post released a story detailing 15 former female employees who said they were sexually harassed by multiple team executives.

While Rivera just arrived in January, he was the one who immediately spoke on behalf of the organization on these issues. So, if the head coach ever had even taken a step back over the past few months and wondered, ‘What did I get myself into?’, that would

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In a win for consumers, a court ruling affirms the legality of short-term health insurance plans

This month, when a federal court dealt a victory to sick patients, it pointed the way toward a potential armistice in the war over the Affordable Care Act.

That war is ongoing. The Trump administration is asking the Supreme Court to strike down the entire law. ACA supporters are howling. Yet the challenge lacks merit and is unlikely to succeed.

At the same time, however, ACA supporters, who usually howl about private insurance companies eliminating coverage for the sick, are asking the federal government to mandate that certain insurers do so.

First, a little background.

The ACA dramatically increased health insurance premiums in the “individual” market, where consumers purchase coverage directly from insurers. Yet Congress deliberately chose not to apply the ACA’s regulations to “short-term, limited duration insurance,” which can therefore offer lower premiums. As ACA premiums rose, many consumers flocked to STLDI plans.

One such consumer was 61-year-old Arizona

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Analysis finds 5.5M have lost health insurance amid pandemic

Nearly 5.5 million people who lost their jobs between February and May of this year also lost their health insurance, according to a new analysis released Tuesday. 

The analysis from Families USA, a consumer health care advocacy organization, finds that the COVID-19 pandemic and the resulting economic crisis have caused the greatest health insurance losses in American history. 

Nearly half of the coverage losses occurred in five states: California, Texas, Florida, New York and North Carolina. 

“Families in America are losing comprehensive health insurance in record numbers,” the authors of the analysis wrote. “This creates particularly serious dangers during a grave public health crisis and deep economic downturn.”

Coverage losses are likely steep because about half of Americans get health coverage through their jobs. 

However, the 5.4 million people who are estimated to have also lost their health insurance doesn’t count family members who might also have been on those

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Court backs Trump expansion of cheap health insurance plans

WASHINGTON (AP) — A divided federal appeals court on Friday upheld the Trump administration’s expansion of cheaper short-term health insurance plans, derided by critics as “junk insurance,” as an alternative to the Affordable Care Act’s costlier comprehensive insurance.

The U.S. Court of Appeals for the District of Columbia Circuit said in a 2-1 decision that the administration had the legal authority to increase the duration of the health plans from three to 12 months, with the option of renewing them for 36 months. The plans do not have to cover people with preexisting conditions or provide basic benefits like prescription drugs.

President Donald Trump, who wants to get rid of the entire health care law but failed to repeal it in Congress, has praised the plans as “much less expensive health care at a much lower price.”

House Speaker Nancy Pelosi said the decision would allow the administration to “keep

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Why I would never choose whole life insurance over term life

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

A few weeks ago, I was talking to a friend about her finances when she told me she had a life insurance policy. I was stumped. My friend is single, doesn’t have kids, and doesn’t own a home. If she died, no one would be impacted financially.

It turns out my friend’s parents had bought her a whole life policy when she was born, and she recently took over the payments. She was paying hundreds of dollars a year for a policy she didn’t need.

Life insurance is a complicated topic, and many people avoid buying a policy or don’t think they need one. On the other hand, it’s easy

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Blown cover – Changing weather could put insurance firms out of business | Finance and economics

THE PILOTS of the Port of London Authority are the cabbies of the Thames estuary. Based in Gravesend, 33km from the capital, they navigate some 10,000 ships into London terminals every year. Dispatched offshore on fast patrol boats, they use rope ladders to board ships as tall as buildings. Much like London’s black-cab drivers, who know its 25,000 streets by heart, they must recall every sandbank and wind farm at the mouth of the river.

They are essential links in supply lines relied on by south-east England for everything from food to fuel. But when winds are too strong, pilots cannot board ships. If delays accumulate, terminals get clogged. The fiercer storms that could soon come to British shores could paralyse trade for days. Such a chain reaction is an example of the costs carbon emissions may bring.

Insurance companies are

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Business Owner’s Policy | BOP Insurance


What Is Business Owner’s Policy (BOP) Insurance?

BOP Insurance

A Business Owner’s Policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. Business owners insurance also helps cover claims that could arise from your business’s operation. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.

 

Businesses can tailor their Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages like:

 


  • Data breach

  • Business income for off-premises utility services

  • Other specialized coverages

A BOP Policy is great because it can be custom-made to fit industry specific businesses. This means it’s great for businesses of any size especially small businesses. Package policies, such as a Business Owner’s Policy, are built to

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