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Business Lifestyle Regulations & Security

AM Best removes from under review with developing implications and affirms credit ratings of Reserve National Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Reserve National Insurance Company (RNI) (Chicago, IL). The outlook assigned to these Credit Ratings (ratings) is stable.

 

The ratings reflect RNI’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings further reflect RNI’s integration with its new parent company, Medical Mutual of Ohio (MMO), after its acquisition effective Dec. 1, 2022. AM Best expects that the acquisition will provide strategic alignment between companies in the form of diversified product offerings and geographic expansion. AM Best notes that on a standalone basis, RNI has limited financial flexibility. However, the company’s excess capital along with its relationship with MMO provides added capacity to support business objectives going forward.

 

RNI is a specialty accident and health (A&H) insurer headquartered in Oklahoma City, Oklahoma that provides coverage throughout the United States. RNI is licensed currently in 49 states and the District of Columbia. MMO is a mutual health insurer domiciled in Ohio. MMO and its subsidiaries provide commercial, Medicare Advantage and Medicare Supplement, A&H, life, and disability insurance plans to both individual groups, health benefits administration to large group employers that maintain uninsured A&H plans, provides compliance expertise, technology, and administrative support services for wellness and related incentive plans and administers employee assistance programs. MMO serves approximately 1.2 million health members, primarily Ohio.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Cristian Sieira
Financial Analyst

+1 908 882 2315
cristian.sieira@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Alan Murray
Associate Director
+1 908 882 2195
alan.murray@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Categories
Business Economics Lifestyle Regulations & Security

Former Bank of America and Apple Pay leaders retire to oversee Chargeback prevention

Two industry leaders in payments recently retired from Bank of America and Apply Pay, to move to Chargebacks911 to tackle chargebacks and innovate it across the payment and fintech industries.

 

Banks have become unwittingly complicit in friendly fraud.

As once a solution to a growing problem, banks and financial institutions have made the chargeback process more convenient for consumers, who now find it more convenient and faster to file a dispute with their banks than to contact the merchant. Wells Fargo settles disputes within 10 working days, while Bank of America has a 30-day dispute settlement policy.

 

But industry leaders say financial institutions cannot continue these enormous write-offs.

 

New solutions needed to prevent chargebacks and increase merchants’ win rates.

Considering this, Monica Eaton, CEO of Chargebacks911, the first global company fully dedicated to developing the most effective strategies for helping businesses manage disputes, mitigating chargeback risk, and eliminating chargeback fraud, announced today, Tuesday, June 6, the appointment of payments industry leaders Guy Harris as its Chairman of the board, and Eric M. Hoffman as President of Interbank Solutions and board member.

 

Guy Harris is the former Bank of America merchant services titan and 2021 Electronic Transactions Association (ETA) president, while Eric M. Hoffman is the current ETA president and a previous Apple executive.

 

“With an increase in transactions, usage, and reliance, comes consumer and merchant protection through chargeback services. E-commerce has gone deeper into convenience and shifting to different merchant categories,” states Hoffman.

 

“Settlements now happen by both financial institutions and merchants. Financial institutions are in urgent need of information to make informative payment dispute decisions,” affirms Harris.

 

Read more:

Categories
Business Culture Healthcare Lifestyle Regulations & Security Science

Members vote yes for first contract in UFCW Local 152’s cannabis division

EGG HARBOR TOWNSHIP, N.J. — (BUSINESS WIRE) — UFCW Local 152 members at The Botanist dispensaries in Egg Harbor and Atlantic City, N.J. voted overwhelmingly on June 21 to ratify a bargaining agreement with their employer, making it the first of its kind for cannabis workers at the local union.

 

The three-year agreement calls for raises as well as ratification bonuses and improved health benefits. The base salary for new hires is increased and all members at both Botanist locations have access to the grievance process through their union.

 

“This strong first contract is the culmination of months of hard bargaining on behalf of our members,” Local 152 President Brian String said. “The unity displayed by these workers was crucial to our success and sets a strong foundation for continued achievements.”

 

UFCW Local 152 represents more than 60 workers at The Botanist across the two locations. Members grow, harvest and process cannabis and sell it in several forms at their retail spaces. Customers can seek assistance from the experts at either location to find the products that meet their medical needs.

 

For more than a decade, Local 152 has been at the forefront of organizing the cannabis industry in New Jersey. Earlier this year, workers at another cannabis cultivation site owned by MPX NJ group voted to join the union and are in negotiations to determine their first contract.

 

“Our expertise in bargaining across many diverse, challenging industries makes Local 152 a powerful ally for cannabis workers,” String said.

 

“No one has to go it alone. With a union, we’re all in this together.”

Contacts

Brian String, President

UFCW Local 152

(609) 704-3900

Categories
Business Lifestyle Regulations & Security

AM Best removes from under review with developing implications and affirms credit ratings of Trinidad & Tobago Insurance Limited

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Trinidad & Tobago Insurance Limited (TATIL) (Trinidad and Tobago). The outlook assigned to these Credit Ratings (ratings) is stable.

 

The ratings reflect TATIL’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

 

TATIL’s balance sheet strength is supported by its risk-adjusted capitalization being at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). TATIL’s surplus growth and level of risk-adjusted capitalization continues to be supported by profitable overall earnings, favorable liquidity measures, steady operating cash flows, as well as an effective reinsurance program that mitigates catastrophic loss.

 

TATIL has generally produced favorable underwriting results, and absent the recent market turmoil, this has been augmented by stable levels of investment and rental income, resulting in historically profitable overall operating performance. These factors are somewhat offset by the geographic concentration of TATIL’s operations, its continuing challenge to maintain earnings and market share in extremely competitive markets and its inherent exposure to catastrophe events.

 

The company recently completed the acquisition of Colonial Fire and General Insurance Company Limited (Colfire), consolidating its position as one of the top two dominant property/casualty insurers in the Trinidad and Tobago market. TATIL and Colfire will operate as separate entities in the short to medium term; however, integration efforts will concentrate on extracting business synergies and achieving economies of scale where possible.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Ricardo Longchallon
Senior Financial Analyst
+1 908 882 2019
ricardo.longchallon@ambest.com

Sharon Marks
Director
+1 908 882 2092
sharon.marks@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Categories
Business Lifestyle Science Technology

AI sans human touch results in marketing disaster declares a tech expert

There are potential risks and drawbacks for relying solely on AI for marketing purposes, and so human involvement and collaboration are important in creating effective and high-quality messaging.

 

In marketing, AI is designed to work on HUMAN command.

 

Well-directed AI tools can mimic a brand’s identity but cannot be relied upon to generate or direct it. It lacks creativity, subjective thinking, and conscious thought, and relying too heavily on AI can lead to plagiarism, inaccuracies, and content that lacks emotional intelligence.

 

“Just because you CAN automate doesn’t mean you SHOULD. If a company makes its decisions purely on AI, it can lead to serious consequences,” says Derek Chew, CEO of Fullmoon Digital.

 

AI should augment human intelligence, not replace it.

By 2025, AI is projected to replace 85 million jobs globally. Chew, however, believes that although AI can help analyze and predict customer behavior, personalize content, and optimize advertising campaigns, without human direction and adjustment, the AI output lacks insight, humor, and structural diversity. Human sensibilities are required to ensure high-quality and clear messaging and easy readability.

 

“Businesses need to look for uniquely tailored marketing processes for each client emphasizing the importance of effective communication and consistent collaboration,” affirms Chew.

 

Derek Chew, CEO of Fullmoon Digital, can speak on the following:

  • Why is human creativity important for AI in marketing?
  • Why should marketers use personalized marketing strategies with AI?
  • How will AI advancement affect marketing jobs and how to prepare?
  • What businesses are harmed if AI is relied on too much without human intervention?
  • Why are businesses seeing a reduction in revenue with the use of AI?
  • How can digital marketers meet evolving customer needs to ensure their clients feel valued?

 

About Fullmoon Digital

Fullmoon Digital, founded by Derek Chew, a former early Yahoo! employee, is one of the few 100% independent digital marketing agencies in the United States. The firm is cross-functional, with deep experience in media planning and buying, digital consultancy, SEO, digital strategy, programmatic, analytics, performance marketing, paid media, social advertising, and creative. They push the envelope of what is possible in terms of marketing and technology, all the while providing best-in-class digital marketing service to their “pack” of clients. For more information, please visit www.fullmoondigital.com.

Categories
Business Government Healthcare International & World Lifestyle Science

FDA approves Bayer’s Ultravist® (iopromide) injection for contrast-enhanced mammography

  • Ultravist™-300, -370 is now the only contrast agent in the U.S. indicated to visualize known or suspected lesions of the breast in adults, as an adjunct to mammography and/or ultrasound
  • Contrast-enhanced mammography (CEM) is an emerging modality combining digital mammography with the administration of a contrast agent1
  • Strategically expands Bayer’s portfolio in breast imaging, including contrast agents and injectors

 

WHIPPANY, N.J. — (BUSINESS WIRE) — Bayer announced today that Ultravist® (iopromide)-300, -370, its iodine-based contrast agent, has been approved by the U.S. Food and Drug Administration (FDA) for contrast-enhanced mammography (CEM) – making it the only contrast agent approved for this indication. The product can be used to visualize known or suspected lesions of the breast in adults, as an adjunct to mammography and/or ultrasound. CEM is an emerging modality that combines digital mammography with the administration of a contrast agent, such as Ultravist, to help identify breast lesions.1

 

The new FDA approved indication aligns with the recent increased focus on supplemental imaging needs for women at a higher risk for breast cancer, which may include the 40-50% of U.S. women older than 40 with dense breasts.2

 

“The approval of Ultravist-300 and -370 in contrast-enhanced mammography gives physicians a new imaging option where conventional mammography might not be enough,” said Dr. Konstanze Diefenbach, Head of Radiology Research and Development, Bayer. “We are pleased to be able to offer additional options for breast imaging to healthcare professionals, as we aim to support them in their role of providing clear answers from diagnosis to care for patients.”

 

The approval expands upon Bayer’s focus on breast imaging, with a portfolio that also includes Gadavist® (gadobutrol) injection, a gadolinium-based contrast agent approved for use with MRI (Magnetic Resonance Imaging) to assess the presence and extent of malignant breast disease in adult patients. In 2019, the MEDRAD® Stellant FLEX Computed Tomography (CT) Injection System with Certegra® Workstation was also cleared in the U.S. for use in CEM. Through the use of iodine-based x-ray contrast agents, CEM can allow for better visualization of abnormalities in breast tissue that may not be visible with standard mammography.3

 

About breast cancer and contrast-enhanced mammography

In 2020, there were 2.3 million women diagnosed with breast cancer globally, according to the World Health Organization (WHO).4 Contrast-enhanced mammography (CEM) has been demonstrated to help with visualization of lesions in breast tissue and is a relatively low-cost breast imaging examination. CEM is easy to perform in everyday clinical practice and can be used in various clinical settings, such as when routine imaging produces inconclusive findings. It can also be a helpful tool when breast MRI is unavailable or contraindicated.5

 

About Ultravist

INDICATIONS and IMPORTANT SAFETY INFORMATION

INDICATIONS AND USAGE

Intraarterial Procedures*: Ultravist® is indicated for: • Cerebral arteriography and peripheral arteriography in adults; • Coronary arteriography and left ventriculography, visceral angiography, and aortography in adults; • Radiographic evaluation of cardiac chambers and related arteries in pediatric patients aged 2 years and older.

 

Intravenous Procedures*: Ultravist® is indicated for: • Excretory urography in adults and pediatric patients aged 2 years and older; • Contrast Computed Tomography (CT) of the head and body (intrathoracic, intra-abdominal, and retroperitoneal regions) for the evaluation of neoplastic and non-neoplastic lesions in adults and pediatric patients aged 2 years and older; • Contrast mammography to visualize known or suspected lesions of the breast in adults, as an adjunct following mammography and/or ultrasound.

 

*Specific concentrations and presentations of Ultravist® are recommended for each type of imaging procedure [see Dosage and Administration (2.2, 2.3, 2.4)] in the Full Prescribing Information]

 

IMPORTANT SAFETY INFORMATION

WARNING: RISK ASSOCIATED WITH INTRATHECAL USE

Intrathecal administration, even if inadvertent, may cause death, convulsions, cerebral hemorrhage, coma, paralysis, arachnoiditis, acute renal failure, cardiac arrest, seizures, rhabdomyolysis, hyperthermia, and brain edema. ULTRAVIST is not approved for intrathecal use.

 

Risks Associated with Intrathecal Use: Intrathecal administration, even if inadvertent, can cause death, convulsions, cerebral hemorrhage, coma, paralysis, arachnoiditis, acute renal failure, cardiac arrest, seizures, rhabdomyolysis, hyperthermia, and brain edema. Ultravist® is for intra-arterial or intravenous use only. Ultravist® is not approved for intrathecal use.

 

Hypersensitivity Reactions: Ultravist® can cause life-threatening or fatal hypersensitivity reactions including anaphylaxis. Manifestations include respiratory arrest, laryngospasm, bronchospasm, angioedema, and shock. Most severe reactions develop shortly after the start of injection (e.g., within 1 to 3 minutes), but delayed reactions can also occur. There is increased risk of hypersensitivity reactions in patients with a history of previous reaction to a contrast agent and known allergic disorders, or other hypersensitivities. Premedication with antihistamines or corticosteroids does not prevent serious life-threatening reactions but may reduce both their incidence and severity. Obtain a history of allergy, hypersensitivity, or hypersensitivity reactions to iodinated contrast agents and have emergency resuscitation equipment and trained personnel available prior to Ultravist® administration. Monitor all patients for hypersensitivity reactions.

 

Acute Kidney Injury: Acute kidney injury, including renal failure, may occur after administration. Risk factors include: pre-existing renal insufficiency, dehydration, diabetes mellitus, congestive heart failure, advanced vascular disease, elderly age, concomitant use of nephrotoxic or diuretic medications, multiple myeloma or other paraproteinemia, and repetitive and/or large doses of Ultravist® . Use the lowest necessary dose of Ultravist® in patients with renal impairment. Hydrate patients prior to and following Ultravist® administration. Do not use laxatives, diuretics, or preparatory dehydration prior to Ultravist® administration.

 

Cardiovascular Adverse Reactions: In patients with cardiac and / or renal disease, hemodynamic disturbances including shock and cardiac arrest may occur during or shortly after administration of Ultravist®. Hypotensive collapse and shock have occurred. Cardiac decompensation, serious arrhythmias, and myocardial ischemia or infarction can occur during coronary arteriography and ventriculography. Use the lowest necessary dose of ULTRAVIST in patients with congestive heart failure. Always have emergency resuscitation equipment and trained personnel available. Monitor all patients for severe cardiovascular reactions.

 

Thromboembolic Events: Serious, in some cases fatal, thromboembolic events causing myocardial infarction and stroke can occur during angiography procedures. During these procedures, increased thrombosis and activation of the complement system can occur. Risk of thromboembolic events can be influenced by: length of procedure, catheter and syringe material, underlying disease state, and concomitant medications. To decrease thromboembolic events, use meticulous angiographic techniques and minimize the length of the procedure. Avoid blood remaining in contact with syringes containing iodinated contrast agents, which increases the risk of clotting. Avoid angiography in patients with homocystinuria because of the risk of inducing thrombosis and embolism.

 

Extravasation and Injection Site Reactions: Extravasation can occur, particularly in patients with severe arterial or venous disease. In addition, injection site reactions such as pain and swelling at the injection site can also occur. Ensure intravascular placement of catheters prior to injection. Monitor patients for extravasation and advise patients to seek medical care for progression of symptoms.

 

Thyroid Storm in Patients with Hyperthyroidism: Thyroid storm has occurred after the intravascular use of iodinated contrast agents in patients with hyperthyroidism or with an autonomously functioning thyroid nodule. Evaluate the risk in such patients before use of Ultravist®.

 

Thyroid Dysfunction in Pediatric Patients 0 to 3 Years of Age: Thyroid dysfunction characterized by hypothyroidism or transient thyroid suppression has been reported after both single exposure and multiple exposures to iodinated contrast media (ICM) in pediatric patients 0 to 3 years of age. Younger age, very low birth weight, prematurity, underlying medical conditions affecting thyroid function, admission to neonatal or pediatric intensive care units, and congenital cardiac conditions are associated with an increased risk of hypothyroidism after ICM exposure. After exposure to ICM, individualize thyroid function monitoring based on underlying risk factors, especially in term and preterm neonates. The safety and effectiveness of Ultravist® in pediatric patients younger than 2 years of age have not been established, and Ultravist® is not approved for use in pediatric patients younger than 2 years of age.

 

Hypertensive Crisis in Patients with Pheochromocytoma: Hypertensive crisis in patients with pheochromocytoma has occurred with iodinated contrast agents. Closely monitor patients when administering Ultravist® if pheochromocytoma or catecholamine-secreting paragangliomas are suspected. Inject the minimum amount of Ultravist® necessary and have measures for treatment of a hypertensive crisis readily available.

 

Sickle Cell Crisis in Patients with Sickle Cell Disease: Iodinated contrast agents may promote sickling in individuals who are homozygous for sickle cell disease. Hydrate patients prior to and following administration and use only if the necessary imaging information cannot be obtained with alternative imaging modalities.

Severe Cutaneous Adverse Reactions: Severe cutaneous adverse reactions (SCAR) may develop from 1 hour to several weeks after intravascular contrast agent administration. These reactions include Stevens-Johnson syndrome and toxic epidermal necrolysis (SJS/TEN), acute generalized exanthematous pustulosis (AGEP), and drug reaction with eosinophilia and systemic symptoms (DRESS). Reaction severity may increase and time to onset may decrease with repeat administration of contrast agent; prophylactic medications may not prevent or mitigate severe cutaneous adverse reactions. Avoid administering Ultravist® to patients with a history of a severe cutaneous adverse reaction to Ultravist®.

 

Interference with Laboratory Tests: Ultravist® can interfere with protein-bound iodine test.

Common Adverse Reactions: Common adverse reactions (>1%) are headache, nausea, injection site and infusion site reactions, vasodilatation, vomiting, back pain, urinary urgency, chest pain, pain, dysgeusia, and abnormal vision.

 

Please see Full Prescribing Information for Ultravist®.

About Gadavist

INDICATIONS AND IMPORTANT SAFETY INFORMATION

INDICATIONS

Gadavist® (gadobutrol) injection is a gadolinium-based contrast agent indicated for use with magnetic resonance imaging (MRI):

  • To detect and visualize areas with disrupted blood brain barrier and/or abnormal vascularity of the central nervous system in adult and pediatric patients including term neonates.
  • To assess the presence and extent of malignant breast disease in adult patients.
  • To assess myocardial perfusion (stress, rest) and late gadolinium enhancement in adult patients with known or suspected coronary artery disease (CAD).

 

Gadavist® is indicated for use in magnetic resonance angiography (MRA):

  • To evaluate known or suspected supra-aortic or renal artery disease in adult and pediatric patients including term neonates.

 

IMPORTANT SAFETY INFORMATION

WARNING: NEPHROGENIC SYSTEMIC FIBROSIS (NSF)

Gadolinium-based contrast agents (GBCAs) increase the risk for NSF among patients with impaired elimination of the drugs. Avoid use of GBCAs in these patients unless the diagnostic information is essential and not available with non-contrasted MRI or other modalities. NSF may result in fatal or debilitating fibrosis affecting the skin, muscle and internal organs.

  • The risk of NSF appears highest among patients with:
    • Chronic, severe kidney disease (GFR <30 mL/min/1.73m2), or
    • Acute kidney injury
  • Screen patients for acute kidney injury and other conditions that may reduce renal function. For patients at risk for chronically reduced renal function (for example, age >60 years, hypertension or diabetes), estimate the glomerular filtration rate (GFR) through laboratory testing.
  • For patients at highest risk for NSF, do not exceed the recommended GADAVIST dose and allow a sufficient period of time for elimination of the drug from the body prior to any re-administration.

 

Contraindication and Important Information about Hypersensitivity Reactions: Gadavist® is contraindicated in patients with history of severe hypersensitivity reactions to Gadavist®. Anaphylactic and other hypersensitivity reactions with cardiovascular, respiratory, or cutaneous manifestations, ranging from mild to severe, including death, have uncommonly occurred following Gadavist® administration. Before Gadavist® administration, assess all patients for any history of a reaction to contrast media, bronchial asthma and/or allergic disorders. These patients may have an increased risk for a hypersensitivity reaction to Gadavist®.

 

Gadolinium Retention: Gadolinium is retained for months or years in several organs. Linear GBCAs cause more retention than macrocyclic GBCAs. At equivalent doses, retention varies among the linear agents. Retention is lowest and similar among the macrocyclic GBCAs. Consequences of gadolinium retention in the brain have not been established, but they have been established in the skin and other organs in patients with impaired renal function. While clinical consequences of gadolinium retention have not been established in patients with normal renal function, certain patients might be at higher risk. These include patients requiring multiple lifetime doses, pregnant and pediatric patients, and patients with inflammatory conditions. Consider the retention characteristics of the agent and minimize repetitive GBCA studies, when possible.

 

Acute Kidney Injury: In patients with chronic renal impairment, acute kidney injury sometimes requiring dialysis has been observed with the use of GBCAs. Do not exceed the recommended dose; the risk of acute kidney injury may increase with higher than recommended doses.

 

Extravasation and Injection Site Reactions: Ensure catheter and venous patency before the injection of Gadavist®. Extravasation into tissues during Gadavist® administration may result in moderate irritation.

 

Overestimation of Extent of Malignant Disease in MRI of the Breast: Gadavist® MRI of the breast overestimated the histologically confirmed extent of malignancy in the diseased breast in up to 50% of the patients.

 

Low Sensitivity for Significant Arterial Stenosis: The performance of Gadavist® MRA for detecting arterial segments with significant stenosis (>50% renal, >70% supra-aortic) has not been shown to exceed 55%. Therefore, a negative MRA study alone should not be used to rule out significant stenosis.

 

Adverse Reactions: The most frequent (≥0.5%) adverse reactions associated with Gadavist® in clinical studies were headache (1.7%), nausea (1.2%) and dizziness (0.5%).

 

Please see Full Prescribing Information for Gadavist® (Vials and Syringes).
Please see Full Prescribing Information for Gadavist® (Imaging Bulk Package).

 

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2022, the Group employed around 101,000 people and had sales of 50.7 billion euros. R&D expenses before special items amounted to 6.2 billion euros. For more information, go to www.bayer.com.

Find more information at https://pharma.bayer.com/
Follow us on Facebook: http://www.facebook.com/bayer
Follow us on Twitter: @BayerPharma

 

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conformthem to future events or developments.

PP-ULT-US-0096-1 June 2023

______________________

1 Kimeya F. Ghaderi, Jordana Phillips, Hannah Perry, Parisa Lotfi, and Tejas S. Mehta. Contrast-enhanced Mammography: Current Applications and Future Directions. RadioGraphics 2019 39:7, 1907-1920.

2 Susan G. Koman. Breast Density on a Mammogram. Updated April 4, 2023. Retrieved June 12, 2023 from: https://www.komen.org/breast-cancer/risk-factor/breast-tissue-density/.

3 Contrast-enhanced Mammography: How Does It Work? William F. Sensakovic, et al. RadioGraphics 2021 41:3, 829-839.

4 World Health Organization. Breast Cancer Fact Sheet. Updated March 26, 2021. Retrieved May 26, 2023 from: https://www.who.int/news-room/fact-sheets/detail/breast-cancer.

5 Maxine S. Jochelson, Marc B. I. Lobbes. Contrast-enhanced Mammography: State of the Art. Radiology 2021; 299:36–48.

Contacts

Contact for media inquiries:
Jennifer May, 412-656-8192
Email: jennifer.may@bayer.com

Categories
Business International & World Lifestyle Science Technology

CloudBees announces DevOps World 2023

DevOps World to inspire growth and innovation through five events with sessions from industry experts.

 

SAN JOSE, Calif. — (BUSINESS WIRE) — CloudBees, the leading software delivery platform for enterprises, today announces the return of DevOps World 2023. The five-event series of events will take place September through November 2023.

 

At the largest global gathering of DevOps practitioners, CloudBees invites developers, managers, executives, and community members to explore the ever-evolving DevOps landscape in an event series that will span the United States, United Kingdom, and Asia. Registration is open now at devopsworld.com.

This year, DevOps World will be a series of events to reach more community members, IT executives, software developers, and continuous delivery practitioners around the world. With expert-led sessions, panels, and workshops, DevOps World will provide unparalleled insights that drive innovation in the DevOps community. The conference and expo will explore modern software delivery, DevSecOps, and open source topics.

 

CloudBees has assembled an inspiring lineup of speakers, industry thought leaders, and experts for this year’s event, with each featuring a keynote from the contributing authors of “Investments Unlimited: A Novel About DevOps, Security, Audit Compliance, and Thriving in the Digital Age.” Speakers include:

  • John Willis, Founder, Botchagalupe Technologies
  • Andrés Vega, Vice President of Operations, North America, ControlPlane
  • Helen Beal, Chief Ambassador, DevOps Institute
  • John Rzeszotarski, VP of Platform Engineering, Dexcom
  • Tapabrata “Topo” Pal, Vice President, Architecture, Fidelity Investments
  • Bill Bensing, Field CTO, Kosli

 

In addition to the keynotes, attendees will hear from industry experts Autodesk, Veeam Software, vFunction, and more. Speakers will provide instruction and share insights on security and risk management, AI risks to the marketplace, managing cloud native applications, and much more. Each event will include use-case examples for DevOps in the financial, manufacturing and Industry 4.0, and software and technology industries, with key session topics including “AI Risks to the Marketplace,” “Managing Cloud Native Applications,” “Accelerating Digital Transformation in Finance,” “Moving ahead with Industry 4.0;” and more.

 

“With more than a decade of successful DevOps World events, CloudBees recognized the need to expand and accommodate global demand. We’re delivering local expert-led presentations, workshops, and sessions for community members to advance their skills and get ahead of the competition,” said CloudBees Chief Product Officer Shawn Ahmed. “In addition, CloudBees looks forward to introducing exciting innovations at this year’s conference that will expand on our current offerings to improve software delivery.”

 

DevOps World 2023 will include a tour in New York, Chicago, Silicon Valley, London, and Singapore beginning in September, with tour dates and locations as follows:

  • New York/New Jersey area: September 13-14 at the Hyatt Regency Jersey City
  • Chicago: September 27 at the Museum of Science and Industry
  • Silicon Valley: October 18-19 at the Hyatt Regency Santa Clara
  • Singapore: October 26 at Fairmont Singapore & SWISSÔTEL The Stamford, Singapore
  • London: November 29 at etc.Venues St Pauls

 

In addition to in-person events, select DevOps World sessions will be available online for virtual attendance. Register for DevOps World 2023 here.

 

To learn more about CloudBees visit www.cloudbees.com.

 

About CloudBees

CloudBees provides the leading software delivery platform for enterprises, enabling them to continuously innovate in a world powered by the digital experience. CloudBees enables organizations with highly-complex environments to deliver scalable, compliant, governed, and secure software from the code a developer writes to the people who use it. The platform connects with other best of breed tools, improves the developer experience, and enables organizations to bring digital innovation to life continuously to unlock business outcomes that create market leaders and disruptors.

Contacts

CloudBees PR
Laura Shubel

BIGfish PR for CloudBees

cloudbees@bigfishpr.com

Categories
Business Environment Lifestyle Regulations & Security Technology

Knightscope client further expands emergency communication system order

Shopping center security robot client renews contract for third year

 

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — $KSCP #SecurityRobotKnightscope, Inc. [Nasdaq: KSCP] “(Knightscope” or the “Company),” a leading developer of autonomous security robots and blue light emergency communication systems, today announced that a University in New Jersey signed a purchase order for two additional K1 Blue Light Towers adding to the $1.25 million order announced earlier this year.


Universities are among Knightscope’s top priorities as the Company strives to protect all places people live, work, study and visit. Protecting the nation’s children and educators is essential to securing our future, and there are many steps that can be taken now to further enhance school safety as outlined in Knightscope’s blog here. New and existing users of Knightscope technologies that follow these recommendations, broaden their use of such enhanced safety measures, and continually renew service agreements further validate the Company’s efficacy and value.

 

Knightscope Authorized Partner Extends Shopping Mall Contract

Transcend Security Solutions – one of Arizona’s largest, premier contract security providers – extended its K5 Autonomous Security Robot (ASR) contract at a popular Arizona shopping mall for the third year. The K5 patrols the courtyard of the mall and much of the outer perimeter of the buildings that make up this mixed office and retail space. The mall prides itself on the property’s focus on technology, innovation and design, which makes Knightscope’s ASR right at home and a premium addition to their security staff.

 

To learn more about Knightscope’s Autonomous Security Robots and Blue Light Emergency Communication Systems, book a discovery call or demonstration now at www.knightscope.com/discover.

 

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

 

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

Contacts

Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com
310.299.1717 Office

Editor@InvestorBrandNetwork.com

Categories
Business

AM Best affirms credit ratings of Scotia Insurance (Barbados) Limited

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Insurance (Barbados) Limited (SIB) (Barbados). The outlook of these Credit Ratings (ratings) is stable.

 

The ratings reflect SIB’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

 

SIB is primarily a life reinsurer that ultimately is owned by The Bank of Nova Scotia (Scotiabank). SIB principally reinsures credit insurance policies underwritten by major third-party life insurance carriers on consumer loans originated by Scotiabank’s retail operations throughout Canada. The company has a long history of favorable underwriting results that have continued through 2022. The company is bolstered further by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and an investment portfolio that provides the entity with substantial liquidity due to its short duration. AM Best notes the company manages capital to specific targets and has kept absolute capitalization levels largely flat, and SIB could recapitalize in a stress scenario by adjusting its shareholder dividend payout.

 

These strengths are offset partially by SIB’s dependence on lending product originations within Canada, which are heavily dependent on macro-economic conditions. Going forward, in addition to improving creditor insurance cross-sales on loans through face-to-face interactions between bank customers and agents, Scotiabank is also focusing on growing the digital distribution of products, and the impact of such sales initiatives on SIB’s revenue and operating income will continue to be monitored by AM Best.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Stratos Laskarides
Senior Financial Analyst

+1 908 882 1995
stratos.laskarides@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Edward Kohlberg
Director
+1 908 882 1979
edward.kohlberg@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Categories
Business

AM Best affirms credit ratings of Scotia Reinsurance Limited

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable.

 

The ratings reflect Scotia Re’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect implicit support from the greater organization.

 

Scotia Re is primarily a life reinsurance subsidiary that assumes non-Canadian business, largely from Mexico, South and Central America, and the Caribbean, sourced through retail operations of the company’s ultimate parent, The Bank of Nova Scotia (Scotiabank). The initial book of business was assumed in 2017 from Scotia Insurance (Barbados) Limited (SIB), which has a long history of favorable underwriting results. The assumed business produced favorable return metrics under Scotia Re after its fifth full year in operation. The company’s balance sheet strength is bolstered further by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), reflecting in part a conservative short duration and highly liquid investment portfolio. AM Best notes the company manages capital to specific targets and has kept absolute capitalization levels largely flat, and Scotia Re could recapitalize in a stress scenario by adjusting its shareholder dividend payout.

 

The ratings reflect one notch of rating enhancement from the company’s sister entity, SIB, based on the transfer of the original block of business in 2017. Scotia Re has the implicit support of Scotiabank, the ultimate parent of both Scotia Re and SIB. Scotiabank can provide financial resources to Scotia Re if ever required.

 

These strengths are offset partially by Scotia Re’s dependence for growth on lending product originations in economies outside of Canada, many of which are deemed to have higher country risk profiles.

 

Creditor insurance premium growth from international business remains dependent on the global economy. Going forward, in addition to growing creditor insurance cross-sales on loans through face-to-face interactions between bank customers and agents, Scotiabank is also focusing on growing the digital distribution of products, and the impact of such sales initiatives on Scotia Re’s revenue and operating income will continue to be monitored by AM Best.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Stratos Laskarides
Senior Financial Analyst

+1 908 882 1995
stratos.laskarides@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Edward Kohlberg
Director
+1 908 882 1979
edward.kohlberg@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com