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Pan-American buying life insurance business from Ohio firm | Business News

New Orleans-based Pan-American Life Insurance Group is acquiring Encova Life Insurance Company, the life insurance arm of Encova Mutual Insurance Group of Columbus, Ohio, the companies announced Monday.The deal’s purchase price was not disclosed, but it should add $60 million to Pan-American’s annual...

Who’s using what in P&C insurance: May 22, 2023

Insurance technology news from CAPE Analytics, Coaction Specialty Insurance, Nirvana and more. (Credit: Sergey Nivens/Shutterstock) CAPE Analytics partnered with The Hanover Insurance Group to integrate geospatial analytics earlier in the underwriting process to augment inspection and rating models. As part of its relationship...

Is a Roth IRA or traditional IRA better for young workers?

Dear Liz: My mid-20s nephews and I discussed financial planning for them. After recommending they check with their employers for a 401(k) or equivalent program, we spoke about traditional versus Roth IRAs. Would younger investors benefit more from a Roth IRA because...

EJF reshuffles bank holdings, ups stakes in failed bank buyers

Arlington, Va.-based hedge fund EJF Capital LLC repositioned its exposure to the banking sector during the first quarter. This article is part of a series on large institutional investors active in the US financial sector. All institutional investment managers active...

ExxonMobil appeals ruling by Guyanese court in oil spill insurance coverage

By BERT WILKINSONAssociated Press GEORGETOWN, Guyana (AP) —...