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Air Supply getting movie biopic treatment with ‘All Out of Love’

Air Supply may be the latest chart-topping musical act to get the big screen treatment.

 

Altit Media Group said it plans to make biopic about the band that will, in a nod to one of the group’s biggest hits, be entitled,  “All Out of Love: The Air Supply Story.”

 

The film will be released in summer 2025 to celebrate Air Supply’s 50th anniversary. Filming is set to take place in Australia and the U.K. during the fourth quarter of 2024.

 

Air Supply found success with a series of romantic ballads. Their hits include “Here I Am,” “Lost in Love,” “The One That You Love”, “All Out of Love”, “Every Woman in the World” and “Even the Nights Are Better.”

 

The group scored seven Top 5 singles in a row, tying the Beatles’ consecutive run, and went on to sell more than 100 million albums worldwide while playing over 5,000 shows. Members Graham Russell and Russell Hitchcock have continued to tour the world.

 

Hollywood has been on a hot streak when it comes to biopics about music legends, with recent releases like “Elvis” and “Bob Marley: One Love” scoring with audiences. Studios have announced upcoming films about the Beatles and the Bee Gees, as the popularity of the genre grows.

 

According to the producers, “All Out of Love: The Air Supply Story” will explore “the highs and lows of the band’s career and their rise to international fame.” It follows Russell and Hitchcock, the two founding members of Air Supply, as they pursue their musical dreams, rising from humble beginnings in Australia to a breakthrough in the United States.

 

Altit Media Group’s Dean Altit will produce the film, with Barry Siegel, Jesse Weiner and Julia Xu serving as executive producers.

 

Air Supply’s Hitchcock said, “What a great occasion to celebrate our 50th Anniversary! And a personal thrill for me to see Graham’s songs be the basis for the biopic.” Air Supply’s Russell added, “We are absolutely thrilled that the Air Supply story will now be made into a biopic and set for release in 2025, the year of our 50th anniversary. The timing is so perfect.”

 

Altit added, “As a fan myself, I am thrilled to bring this iconic band’s extraordinary journey to life on the big screen. With their timeless melodies and heartfelt lyrics, Air Supply has captured the hearts of millions. The film will not only celebrate their music, but also take audiences on a captivating voyage into the world of love.”

 

Altit’s producing credits include “Not Without Hope” starring Zachary Levi and Josh Duhamel, “The Misfits” starring Pierce Brosnan and “The Good Neighbor” starring Jonathan Rhys Meyers. He recently wrapped production on “Home Sweet Home Rebirth” starring Michele Morrone and Urassaya Sperbund, adapted from the popular video game franchise “Home Sweet Home.”

 

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— Variety (EXCLUSIVE) 

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AM Best to participate and exhibit at RIMS’ 2024 RISKWORLD Conference

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation. The risk management event takes place May 5-8 at the San Diego Convention Center, in San Diego, Calif.

On May 6, at 1:55 p.m. (PST), Dawn Walker, associate director, AM Best, will give a presentation titled, “Improving Conditions for Reinsurers and the Implications.” Walker also will give a presentation at 2 p.m. (PST) on May 7 titled, “Workers’ Compensation: Are Favorable Frequency Trends Sustainable?” Walker joined AM Best in 2022 and is part of its Strategy and Communications department; she has more than 15 years of insurance industry and risk management experience.

 

Sridhar Manyem, senior director, AM Best, will also deliver a pair of presentations at the conference. The first titled, “Cyber Insurance: Moderating Prices and Cautious Underwriting Even as Cyber Risks Resurface,” will be held at 9:55 a.m. (PST) on May 7. His second presentation will take place at 10:30 a.m. (PST) on May 8 and is titled, “AI in Insurance: Risks and Opportunities.” Manyem is the head of AM Best’s industry research team and oversees publishing of the company’s perspectives on topical issues.

 

Maura McGuigan, managing director, AM Best, will give a presentation titled, “The Critical Function of Effective Stress Testing,” at 3:30 p.m. (PST) on May 7. McGuigan is the head of credit rating criteria at AM Best, and responsible for the testing and review of its credit rating methodology criteria, models and tools, and economic and country risk.

 

In addition, AM Best will exhibit at booth No. 1636 at the conference. Visitors to the AM Best booth can learn about the rating agency, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s Credit Ratings, insurance data and analysis resources and financial data products, and Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAEs).

 

A Best’s Performance Assessment is an industry-first tool providing an objective, independent opinion of a DUAE’s ability to perform services on behalf of carriers. DUAEs such as MGAs and MGUs, have become an important part of the insurance value chain, with premiums having doubled globally over the last decade.

 

In addition, AMBest TV will provide video coverage of the conference. For daily reports, panel discussions and executive interviews, visit https://www.ambest.tv/rims24 during the event or look for the RIMS-related playlist under the “Event Coverage 2024” tab at https://www.ambest.tv.

 

RIMS is an industry association of risk professionals, with its 80 chapters more than 200,000 risk practitioners and business leaders from over 75 countries. To view the official agenda and learn more about RISKWORLD, please visit the event overview.

 

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 © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

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

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Donald Trump wanted Ivanka to replace him on ‘The Apprentice’

When Donald Trump left his seat in the boardroom as the star of his long-running NBC reality series “The Apprentice” in 2015, in order to run for president of the United States, he had a clear successor in mind.

 

“I said, ‘The best person to hire would be Ivanka Trump,’” Donald Trump says.

 

“I didn’t press it. But I felt Ivanka would have been by far the best person you could hire.”

 

Trump shares this revelation in a new book about his years as a reality star, “Apprentice in Wonderland: How Donald Trump and Mark Burnett Took America Through the Looking Glass,” written by Variety co-editor-in-chief Ramin Setoodeh.

 

The book peels back the curtain on how Trump’s decade playing an all-knowing mogul on TV shaped his image as a politician, ultimately catapulting him to the White House.

 

“Apprentice in Wonderland” is based on unprecedented access and hours of interviews with Trump after he left the White House in January 2021— as well as his original boardroom advisers George Ross and Carolyn Kepcher, NBC executives and dozens of former contestants. Setoodeh is the author of the 2019 best-selling book “Ladies Who Punch: The Explosive Inside Story of ‘The View.’”

 

When “The Apprentice” premiered in January 2004, it became an overnight sensation, reaching more than 20 million viewers an episode in its first season. More importantly, the series, created by Mark Burnett,turned Trump into a beloved national figure. On TV, Trump was a savvy businessman, who judged contestants seeking his approval in a competitive job search and dismissed those who didn’t measure up with his ubiquitous catchphrase, “You’re fired!”

Eventually, the show added more star power in the form of contestants in “The Celebrity Apprentice,” which had everyone from Joan Rivers to Piers Morgan competing for Trump’s approval in tasks for charity. Trump starred in 14 seasons of “The Apprentice” and its spinoff before exiting reality TV, and he was also credited as the series’ executive producer.

“NBC didn’t like it, because it became like a family thing,” Trump says in the book about his proposal to have Ivanka replace him. “But I said, ‘There’s nobody you’re going to hire that will come even close to Ivanka.’ They said, ‘Huh…’ And then they came back with Arnold Schwarzenegger.”

 

Schwarzenegger replaced Trump as host of “The New Celebrity Apprentice,” which premiered in January 2017, before Trump’s inauguration, and was canceled after one season due to lackluster ratings.

As part of Trump’s pitch for an Ivanka version of “The Apprentice,” Eric and Don Trump Jr. would have joined their sister on TV as boardroom advisers. The trio had been a regular presence on the show for years, appearing by their father’s side in later seasons to help him evaluate the contestants.

“It was going to be the three of us,” Eric Trump says in the book. “There were talks for a little while about it.”

In the end, this continuation of “The Apprentice” led by Ivanka didn’t come together, since NBC cut ties with Donald Trump when he ran for president and immediately made derogatory comments about Mexican immigrants in July 2015.

Instead, Trump’s grown-up children joined him on the campaign trail. “I think it’s pretty hard to say we’re going to run with reality TV in a time when you’re talking about ending nuclear proliferation around the world,” Eric says in the book. “I’m not sure the two could have worked in tandem.”

“Apprentice in Wonderland” will be published on June 18 by HarperCollins.

 

Read More

 

 

— Variety (EXCLUSIVE) 

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AM Best assigns credit ratings to Amherst Specialty Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Amherst Specialty Insurance Company (Amherst Specialty) (Addison, Texas). The outlook assigned to these Credit Ratings (ratings) is stable.

 

The ratings reflect Amherst Specialty’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 (ERM).

 

Amherst Specialty was founded in December 2023 as a Texas-domiciled surplus insurance carrier. It is classified under the Financial Size Category of VIII. The company is a subsidiary of the ultimate parent, RTC Financial Group, LLC (RTC), and received a Certificate of Authority to transact insurance business in the state on Dec. 15, 2023. RTC is also the parent of Risk Theory Holdings (Risk Theory). Risk Theory began underwriting in 2013 and has grown to nearly 250 employees offering multiple programs focused on the specialty market. Amherst Specialty will become the primary excess and surplus insurance paper to write all new and renewal policies of Risk Theory programs.

 

The balance sheet strength assessment is driven by AM Best’s expectation that Amherst Specialty will maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), over the five-year start-up period. Additionally, the balance sheet further reflects Amherst Specialty’s conservative investment strategy and overall liquidity profile. Partially offsetting these factors is the company’s limited financial flexibility on a stand-alone basis. However, Amherst Specialty’s risk-adjusted capitalization has been supported by credit facilities obtained by its ultimate parent, highlighting the overall financial strength of the organization.

 

AM Best assesses Amherst Specialty’s operating performance as adequate based on the company’s primary business programs, which have been in place at Risk Theory, an affiliated managing general agency platform, and are expected to generate positive results over Amherst Specialty’s business plan. AM Best assesses the company’s business profile as limited given the start-up nature of the company and strong competition in the surplus lines industry. However, management has extensive experience operating the primary business programs, which offsets some of the execution risk involved. AM Best assesses Amherst Specialty’s ERM capabilities as appropriate, supported by an ERM framework with clear identification of risks, tolerances, and reporting requirements. Additionally, management will utilize strong reinsurance programs to preserve the capital base adequately.

 

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 © 2024 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

Rosemarie Mirabella
Director
+1 908 882 2125
rosemarie.mirabella@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

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AM Best to host webinar on the growing impact of secondary insurance perils

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best will host a complimentary webinar, titled, “From Convective Storms to Flood: The Growing Impact of Secondary Insurance Perils,” on April 23, 2024, at 2 p.m. EDT.

 

While natural catastrophes such as hurricanes and earthquakes grab all the headlines, secondary perils including flood, convective storms and wildfires lurk in the shadows, posing significant threats to businesses and individuals alike.

 

In a one-hour webinar sponsored by Munich Re U.S., an expert panel will unravel the complexities of secondary perils (also known as non-peak perils), exploring their nature, impact, and mitigation strategies. Register now.

 

Key points to be covered:

  • Defining secondary insurance perils: Discover what constitutes secondary perils and how they differ from primary risks.
  • Identifying secondary perils: Explore a range of secondary perils commonly encountered.
  • Impact on insurance coverage: Understand how secondary perils can impact insurance coverage and claims processes.
  • Mitigation strategies: Learn proactive approaches to mitigate the risks posed by secondary perils and safeguard your assets.
  • Lessons learned: Gain valuable insights from real-world examples illustrating the consequences of overlooking secondary perils.

 

Panelists:

  • Tehya Duckworth, senior vice president, /property underwriting manager, Munich Re U.S.;
  • Joe Bonanno, senior vice president/excess and surplus, property underwriting manager – Northeast and Midwest, Munich Re Specialty Insurance; and
  • Sean Kevelighan, chief executive officer, Insurance Information Institute.

 

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

 

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 © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Senior Vice President, Publication & News Services
+1 908 882 2102
lee.mcdonald@ambest.com

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Rutgers Hall of Distinguished Alumni to induct Sen. Lesniak on April 25

— Sen. Lesniak will be inducted into the Rutgers Hall of Distinguished Alumni on April 25th, and he invites you to attend the ceremony to celebrate this milestone with him.
On April 25, Rutgers will welcome five new members into the Hall of Distinguished Alumni. Please join us for a celebration of these alumni, their transformative work, and their amazing dedication to improving our lives and society.
“We recently had the pleasure of joining Sen. Lesniak and the Rutgers University film crew while they recorded Lesniak’s Induction Ceremony video,” states the Lesniak Institute for American Leadership.
He shared his experiences in the army, memories from Rutgers, and recounted his battles in the legislature while showing us around the Senate chamber.
Behind the scenes of Lesniak’s Rutgers induction video
Enjoy these behind-the-scenes from our day at the statehouse!

Each year, the Hall of Distinguished Alumni honors a group of extraordinary individuals whose lives and careers reflect the rich history, enduring values, and far-reaching aspirations at the heart of the Rutgers experience.

 

Whether they help expand access to academic excellence, build community, support research for the common good, or show leadership and creativity in other ways, these distinguished alumni shape our world for the better.

 

The evening’s festivities include dinner, inspiring stories, and scarlet pride.

 

You can see the final video at the Rutger’s Hall of Distinguished Alumni on April 25th! There is still time to purchase a ticket to attend this monumental event. Read more at LesniakInstitute.org.

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Art & Life Culture Education Environment Lifestyle Perspectives Programs & Events

NJPF presents ‘Wonderful World of Color’ exhibit in the Overlook Auxiliary Gallery at Overlook Medical Center

— The New Jersey Photography Forum (NJPF) is excited to present its new exhibit, Wonderful World of Color, as part of Art at Overlook.

 

The exhibit is running from Feb. 4, 2024 to May 5, 2024, at the Overlook Medical Center, 99 Beauvoir Ave., Summit, N.J. 07901.

 

It is open for viewing on the 5th floor during normal visiting and business hours. There will be a free opening reception on Friday, April 12 from 5 p.m. to 7 p.m. in the Overlook Auxiliary Gallery.

 

Color can help us understand our physical environment and affect emotions and behaviors. It can bring calm and joy, comfort, and cheer, or evoke tension and feelings of mystery and hope. Photographers of NJPF have used their personal vision of color to convey its influence to affect mood and perception.

 

In this special Art at Overlook exhibit at Overlook Medical Center, the artists of the New Jersey Photography Forum explore the many properties of color. They consider its beauty and power and how it interacts with other elements in our world.

 

Artists participating in the exhibit include: Deszo Bodis, Newark; Rob Creteau, Piscataway; Ken Curtis, Lebanon; Ralph Greene, Woodland Park; Theresa Hood, Hamilton Township, Pa.; John Markanich, West Milford; Charlann Meluso, Berkeley Heights; Charles Miller, Ringoes; Jeff Newman, Flemington; Nancy Ori, Berkeley Heights; Phyllis Raffelson, Cliffside Park; Lynn Ronan, Midland Park; Skip Williams, Westfield; and Allan Wood, Maplewood.

 

Overlook Medical Center’s “Art at Overlook” program, relaunched in the fall of 2021, highlights the work of local artists within the halls of Overlook Medical Center. Program exhibits will rotate every three months. Artists from the local community are invited to participate. All of the art displayed will be available for sale, with twenty percent of the proceeds benefiting the Overlook Auxiliary.

 

Nancy Ori, director of the NJ Photography Forum said, “Our photographers look forward to exhibiting at Overlook Medical Center each year. It is a beautiful place to share our images, and we know that the staff, family members and patients of the hospital enjoy having the art available for viewing as a bit of a respite.”

 

Celebrating its 30th anniversary this year, The New Jersey Photography Forum is dedicated to furthering the interests of professional and serious photographers living or working in the New Jersey area. Under the direction and dedication of Nancy Ori, the NJPF has become the largest and most recognized group of fine art exhibiting photographers in the state. The monthly meetings are held in the Visual Arts Center of New Jersey in Summit or on Zoom. They encourage attendees to share expertise and advance their skills in preparation for exhibition. The meetings provide an opportunity for photographers to share their work for critique by others. Exhibition possibilities within the fine art community are constantly explored, which become an invaluable resource for photographers interested in becoming fine art exhibitors.

 

This exhibit and reception is sponsored by the Overlook Auxiliary, a 501(c)(3) charitable organization that supports Overlook Medical Center with volunteering and fundraising efforts. Founded in 1916, the Overlook Auxiliary has more than 200 active members.

 

The Overlook Auxiliary Gallery at Overlook Hospital is located at 99 Beauvoir Ave., Summit, N.J. 07901 and may be visited during the hospital’s normal visiting and business hours.

 

For more information on the exhibit please visit https://www.oaux.org/art-at-overlook-njpf-exhibit/ or contact Nancy Ori at nancyori@comcast.net. If you are interested purchasing art, stop by or call the Overlook Auxiliary Gift Shop & Bloom at (908) 522-2117. You can also visit the New Jersey Photography Forum website at www.njphotoforum.com

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Business Culture Education Entertainment News Lifestyle Perspectives

Review: ‘Godzilla x Kong: The New Empire,’ a Godzilla spectacle minus one thing: A reason to exist

The clash-of-the-titans climax lifts off into the awesome zone, but until then the fifth entry in the MonsterVerse is overly busy boilerplate.

 

The director, Adam Wingard (who made “Godzilla vs. Kong),” knows how to choreograph a beastie battle so that it does maximum damage in a way that appeals to your inner toy-smashing 7-year-old.

 

Watching “Godzilla x Kong: The New Empire,” I realized that the movie, a standard overly busy and mediocre blockbuster with a pretty awesome wow of a clash-of-the-titans climax, was demonstrating one of the essential principles of Hollywood movie culture today. Namely: All blockbuster movies are now connected!

 

Kong, living in the Hollow Earth, where most of the film is set (the Hollow Earth is a place I’ve never much liked the idea of, since it seems like Earth’s version of a storage basement), is supposedly the last of his kind, but he discovers a child ape who actually looks like an homage to the cuddly creature in the 1967 Japanese film “Son of Godzilla.” This kid gorilla leads Kong to a tribe of scraggly hostile apes who are living in a slave society presided over by the Skar King, an evil ape with blotchy red hair who’s as tall as Kong and wields a skeletal bone whip that looks like it was fashioned out of the spine of a sea serpent. He also commands, as a kind of personal weapon of mass destruction, a gigantoid creature who’s like a stegosaurus who got left in the freezer — and, in fact, his main power is a breath ray that can turn anything, including the mighty Kong, to ice.

 

In other words, Kong is facing a force who’s exactly like the villain in “Ghostbusters: Frozen Empire!”

 

Then there’s Godzilla. He spends the film preparing for an apocalyptic showdown by traveling from one place to the next and absorbing radiation, first from a nuclear facility, then from an undersea battle with a flower-headed monster so radioactive it’s iridescent. By the time Godzilla is done with all this, his very being has been suffused with radioactive power, to the point that he literally turns pink.

 

In other words, he looks like he’s having his “Barbie” moment.

 

And then there’s the essential way that “Godzilla x Kong,” the fifth entry in the MonsterVerse, is a lot like the umpteenth installment of a superhero franchise. The movie is punctuated with occasional creature battles, but for the first 90 minutes it’s more devoted than not to coloring in the backstory of its world-building. (I know that prospect is already exciting you.) Godzilla and Kong each have a complicated relationship with their place in the earthly cosmos, and the story jumps through major hoops to transform them from foes to comrades.

 

The film’s central character, Dr. Ilene Andrews (Rebecca Hall), while she’s busy charting all this, is most invested in the fate of Jia (Kaylee Hottle), the adoptive daughter she rescued after the Iwi people of Skull Island were destroyed. As it happens, the Hollow Earth is home to another tribe of Iwi (there’s a lot going on in that basement), who Jia can communicate with telepathically. And she turns out to be a kind of chosen one, since Jia will prove the key figure in activating Mothra (now reimagined in shimmery designer gold), Godzilla’s old nemesis-turned-ally, who will be instrumental in the outcome of the final clash…

 

The thing that connects “Godzilla x Kong” to last year’s run of superhero films — the ones that everybody complained about — is that, just like them, the movie can make your head hurt. But not because it’s too convoluted to follow. It’s because the real convolution is: Why are we supposed to care? About any of this?

 

The fact that we might not makes “Godzilla x Kong” feel like one of those “Jurassic Park” sequels where everyone is huffing and puffing about the fate of the world and “relevant” issues of genetic engineering — but we’re just there for the ride, which now feels like it has a study sheet attached. I guess this is the part of the review where I’m supposed to say that Brian Tyree Henry, as the wide-eyed tech-whistleblower-turned-conspiracy-blogger Bernie Hayes, and Dan Stevens, as the snarky British veterinarian Trapper, are a riot, but it felt to me like the two actors were mostly filling space. Rebecca Hall, in a no-nonsense haircut, uses her avid severity well, and Kaylee Hottle, as Jia, has a luminous presence, but I’m sorry, every time the film summons a human dimension it feels like boilerplate.

 

You could say that the qualifier, the one that’s always there in a Godzilla movie, is that in the kaiju films of Japan the stories don’t matter either; they are often nonsense. But not always. The original “Godzilla,” in 1954, was schlock with a fairy-tale sci-fi gravity; that was true, as well, of the other two standouts of the early kaiju films, “Mothra” (1961) and “Destroy All Monsters” (1968). And it may turn out to be a stroke of karmic bad luck that “Godzilla x Kong” is coming out right on the heels of “Godzilla Minus One,” the movie that rocked the world of monster cinema. It had the lyrical majesty of those earlier films, as well as a story, rooted in Japan’s World War II trauma, that was actually linear and moving. It reminded you that these creatures could carry an emotional grandeur.

 

Read More

 

 

— Variety

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Sugar Plum Happy Mother’s Day Chocolate Collection Box wants mothers to enjoy their taste of happiness

Mom’s unconditional love deserves a little taste of happiness.

 

The Happy Mother’s Day Chocolate Collection Box is full of bright, luxurious chocolates that will sweeten Mom’s day.

 

With chocolate-covered pretzels, graham crackers, and sandwich cookies, she’ll be delighted with the perfect combination of sweet and salty flavors. The happiness continues with sweet and colorful strawberry delights and Linzer cookies filled with raspberry jam.

 

The Happy Mother’s Day Chocolate Collection Box is completed with an all-time favorite, nonpareils and a cheerful dark chocolate sunflower.

 

Show Mom you care with the beautiful and delicious Happy Mother’s Day Chocolate Collection Box! It is $58 at https://www.sugar-plum.com/products/happy-mother-s-day-chocolate-collection-box

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AM Best affirms Credit Ratings of NiSource Insurance Corporation, Inc.

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 NiSource Insurance Corporation, Inc. (NICI) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) is stable.

 

The ratings reflect NICI’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 (ERM).

 

NICI maintains the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). A conservative reserving philosophy is evident through the company’s reported favorable reserves development in each of the past 10 years. The balance sheet assessment also considers the company’s ample liquidity measures, and maintaining low underwriting leverage, in addition to having no debt.

 

The strong operating performance assessment is supported by favorable combined and operating ratios that outperforms AM Best’s commercial casualty composite. NICI’s strong operational results reflect loss ratios trending favorably, and a low underwriting expense structure that stems from the inherent benefits of being a single-parent captive for NiSource Inc. (NiSource). Through its niche captive orientation, risk management expertise and conservative underwriting criteria, NICI has generated favorable results at levels generally equal to or better than its industry peers, organically growing its surplus by three-fold in the past 10 years.

 

NICI is a single-parent captive insurer wholly owned by NiSource, providing all-risk property, workers’ compensation, excess general and automobile liability, medical stop-loss, long-term disability, group life insurance and punitive damage coverage for the parent and its affiliates. AM Best has taken a balanced view of NICI’s overall business profile, which albeit limited in scope, maintains inherent advantages as a single-parent captive with immediate access to business and resources along with the broader financial wherewithal of its ultimate parent. NICI plays a critical role in NiSource’s overall ERM framework, supporting its objectives through insuring key risks of the parent, ultimately supporting NiSource’s financing needs.

 

The stable outlooks for NICI reflect the company’s sustained profitability, adherence to maintaining capital at the appropriate risk-adjusted levels and its measured and prudent approach in insuring its parent’s exposure. Positive rating action may occur due to a sustained trend of improvement in the company’s overall balance sheet strength that supports a higher assessment level. Conversely, negative rating actions could occur from a decline in the company’s operating performance, an increase in underwriting leverage or an outsized loss event that triggers a sudden decline in risk-adjust capitalization. In addition, negative rating action could occur due to financial issues resulting in rating pressure on the ultimate parent that could impact NiSource’s ratings.

 

AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

 

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 © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Chul Lee
Senior Financial Analyst
+1 908 882 2005
chul.lee@ambest.com

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

Fred Eslami
Associate Director
+1 908 882 1759
fred.eslami@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318

al.slavin@ambest.com