AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Journey Insurance Company (Journey) (St. Petersburg, FL). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Journey’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Journey is majority owned by United Insurance Holdings Corp. (United) [NASDAQ: UIHC]. Journey was created in 2018 to take advantage of market opportunities within Florida, Texas and South Carolina, specifically regarding property coverage. The company’s balance sheet strength assessment is influenced by the infusion of significant capital intended to support its growth as it relates to underwriting, credit and investment risks. United provides strategic administration and operational support as it pertains to underwriting, ERM, claims, leadership and other functions. The ratings and outlooks consider the substantial support and proven track record of United.

Maintaining the ratings and outlooks at current levels will depend on successful execution of development plans as communicated by management, efficient use of strategic business partnerships, and effective management of Journey’s catastrophe exposure, which will grow as the company expands. Initial operations were delayed somewhat, as management made the strategic decision to pivot from the use of legacy systems to newer platforms; however, growth in the current period is in line with expectations.

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

SALT LAKE CITY, Oct. 13, 2020 /PRNewswire/ — PrimeOne Insurance Company today named Los Angeles-based Eric Jarvis as its Chief Operating Officer.  He will report directly to David Thorson, Chairman and President of PrimeOne.

“Eric has demonstrated operational and executive management skills that will be sure to benefit PrimeOne,” said Thorson.  “We are looking forward to utilizing his experience and talents to ensure the continued success of PrimeOne.”

Jarvis stated, “I am pleased to be working with Dave and the PrimeOne team.  I’ve devoted my career to creating results-driven outcomes, and am eager to be a part of the realization of PrimeOne’s strategies of customer service, financial strength, and sustainable growth.”

Mr. Jarvis brings 21 years of experience in the insurance industry, most recently the head of the consulting firm Elevate Management, Inc.  He previously led KnightBrook Insurance Company and the Knight Insurance Group.  Mr. Jarvis is a graduate of the University of California, San Diego, and the Pepperdine University School of Law.  He is a licensed attorney.

About PrimeOne Insurance Company

PrimeOne Insurance Company is an admitted insurance company making affordable and flexible commercial insurance coverage possible.  PrimeOne is currently admitted in 5 states and is backed by the world’s finest reinsurance partners. For more information about Prime Insurance Company, please visit https://www.primeoneinsurance.com/.

Media Contact:
Zabrina Thorson
Director of Marketing
PrimeOne Insurance Company
(212) 695-3439
[email protected] 
www.primeoneinsurance.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/primeone-insurance-company-names-eric-jarvis-as-coo-301151016.html

SOURCE PrimeOne Insurance Company

Source Article

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Edgewell Personal Care Company (NYSE:EPC) and determine whether hedge funds skillfully traded this stock.

Is Edgewell Personal Care Company (NYSE:EPC) a good stock to buy now? Investors who are in the know were selling. The number of bullish hedge fund bets were trimmed by 5 lately. Edgewell Personal Care Company (NYSE:EPC) was in 20 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for this statistics is 37. Our calculations also showed that EPC isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

If you’d ask most traders, hedge funds are viewed as worthless, old financial vehicles of the past. While there are more than 8000 funds trading at the moment, We choose to focus on the top tier of this group, approximately 850 funds. It is estimated that this group of investors control bulk of the hedge fund industry’s total asset base, and by tracking their finest stock picks, Insider Monkey has discovered many investment strategies that have historically outrun Mr. Market.

M.D.C. Holdings (MDC) is a buy for the total return and dividend income investor. M.D.C. Holdings is among the largest homebuilders in the United States and has an increasing owned backlog of over 17,000 lots to develop and options on another 7,000.

The company has steady growth and has the cash it uses to develop new properties and homes for the average home buyer. The lower interest rates give a tailwind to the company business. The Fed has indicated that they intend to keep interest rates low for at least a year or maybe two.

As I have said before in previous articles.

I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. For a complete set of guidelines, please see my article “The Good Business Portfolio: Update to Guidelines, March 2020”. These guidelines provide me with a balanced portfolio of income, defensive, total return, and growing companies that hopefully keeps me ahead of the Dow average.

When I scanned the five-year chart, M.D.C Holdings has a good chart going up and to the right for 2016, 2017, and 2019 in a strong solid pattern. It is a cyclic company and was down in 2015 and has recovered well in 2019 from the flat year of 2018. 2020 was doing good until the pandemic hit, then it went down like a rock in water but has recovered nicely in the past six months. The PE is low at 11, and the earnings growth looks good at 10%, making MDC a strong buy.

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Fundamentals and company business review

The method I use to compare companies is to look at the total return, as shown from my

DETROIT, MI — A Muskegon firm will pay $66,000 to the state of Michigan this month for violations of state environmental law following a major failure of the company’s Detroit dock, which collapsed into Detroit River last fall.

Revere Dock LLC owner Steve Erickson of North Muskegon has signed a settlement with the Michigan Department of Environment, Great Lakes and Energy (EGLE) that outlines plans to restore and upgrade the site, which partly sank into the river on Nov. 26, 2019.

The state announced the settlement Oct. 12 and said Erickson has until summer to finish restoration work at the 5851 West Jefferson Avenue property. Upgrades include a new 600-foot steel seawall to replace the old wood and concrete dock that collapsed after a large pile of construction aggregate was placed near the shoreline.

The collapse initially sparked fears of contaminated drinking water because the site was used in the 1940s and 1950s for atomic bomb material development. Testing by the Great Lakes Water Authority and EGLE subsequently found no excessive levels of radioactivity.

EGLE and U.S. Environmental Protection Agency testing also found industrial contaminants in site soils and sediment at the site collapse, but not at excessive levels.

The site is the former location of Revere Copper and Brass Co., which operated there for more than 60 years. Erickson has owned the site since 2015 and leased it to Detroit Bulk Storage. It is located next to the Historic Fort Wayne property.

In January, the city of Detroit fined Revere Dock $10,000 for illegally storing limestone at the site without a permit.

Restoration plans follow months of back-and-forth between Revere Dock and EGLE, which called earlier work plans inadequate and directed improvements.

EGLE said Monday it has approved site plans following a June public hearing. Those plans call for