Federal Deposit Insurance Corporation (FDIC)

fdic.gov

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.

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INSURANCE TECHNOLOGY

PRIME INSURANCE COMPANY ASSIGNED FINANCIAL STABILITY RATINGS® FROM DEMOTECH, INC.

Prime Insurance Company | June 13, 2022

news image

Prime Insurance Company announced today that it has been assigned a Financial Stability Rating® of A" (A Double Prime), Unsurpassed, from Demotech, Inc. Demotech, Inc., is a financial analysis firm that provides Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies, Title underwriters, and other risk-bearing entities. In addition, Prime Insurance Company's affiliate Prime Property & Casualty Insurance Company Inc. h...

Read More

BEAZLEY LAUNCHES AN INSURANCE PRODUCT COVER FOR VIRTUAL HEALTH PROVIDERS IN ASIA

Beazley | July 15, 2020

news image

Beazley has launched an insurance product in Asia that covers risks associated with technology-enabled healthcare and wellness services. While already a rapidly growing area within healthcare globally, the impact of COVID-19 has served to accelerate the uptake of digital health services, according to the insurer. From remote medical consultations through to the use of apps and wearable technology to monitor conditions, the number of telehealth users across Asia rose sharply in early 2020, making...

Read More

AXON ANNOUNCED THE ADDITION OF RENEWAL PORTFOLIO OF AGCS

Insurance Business | August 04, 2020

news image

Axon Underwriting Services has announced the acquisition of the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) US contaminated and consumer products recall insurance business written through Allianz Global Risks US Insurance Company.We at Axon Crisis Management are excited to obtain the renewal rights for contaminated products and consumer products recall insurance policies previously underwritten by AGCS in the United States,” said Alex Pittignano, senior vic...

Read More

WALMART QUIETLY ENTERS INTO HEALTH INSURANCE BUSINESS

Walmart | July 09, 2020

news image

In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business. The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity News reported that the new business’s name was first filed with the Arkansas Secretary of State late last month....

Read More
news image

INSURANCE TECHNOLOGY

PRIME INSURANCE COMPANY ASSIGNED FINANCIAL STABILITY RATINGS® FROM DEMOTECH, INC.

Prime Insurance Company | June 13, 2022

Prime Insurance Company announced today that it has been assigned a Financial Stability Rating® of A" (A Double Prime), Unsurpassed, from Demotech, Inc. Demotech, Inc., is a financial analysis firm that provides Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies, Title underwriters, and other risk-bearing entities. In addition, Prime Insurance Company's affiliate Prime Property & Casualty Insurance Company Inc. h...

Read More
news image

BEAZLEY LAUNCHES AN INSURANCE PRODUCT COVER FOR VIRTUAL HEALTH PROVIDERS IN ASIA

Beazley | July 15, 2020

Beazley has launched an insurance product in Asia that covers risks associated with technology-enabled healthcare and wellness services. While already a rapidly growing area within healthcare globally, the impact of COVID-19 has served to accelerate the uptake of digital health services, according to the insurer. From remote medical consultations through to the use of apps and wearable technology to monitor conditions, the number of telehealth users across Asia rose sharply in early 2020, making...

Read More
news image

AXON ANNOUNCED THE ADDITION OF RENEWAL PORTFOLIO OF AGCS

Insurance Business | August 04, 2020

Axon Underwriting Services has announced the acquisition of the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) US contaminated and consumer products recall insurance business written through Allianz Global Risks US Insurance Company.We at Axon Crisis Management are excited to obtain the renewal rights for contaminated products and consumer products recall insurance policies previously underwritten by AGCS in the United States,” said Alex Pittignano, senior vic...

Read More
news image

WALMART QUIETLY ENTERS INTO HEALTH INSURANCE BUSINESS

Walmart | July 09, 2020

In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business. The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity News reported that the new business’s name was first filed with the Arkansas Secretary of State late last month....

Read More

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C-Suite On Deck

Responsive image

Feature market insights and perspectives from top C-Level executives, elite technology influencers and thought leaders from your company here. This signature initiative has garnered immense support...

Contact Us