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WireX Systems and Brown & Brown Announce Strategic Collaboration to Advance Cyber Risk Management and Insurance Outcomes
Prnewswire· 2025-06-17 10:00
Core Insights - WireX Systems has announced a strategic collaboration with Brown & Brown to enhance risk management and insurance outcomes through the integration of cybersecurity solutions and risk identification processes [1][3][4] Group 1: Collaboration Details - The partnership aims to combine WireX Systems' cybersecurity expertise with Brown & Brown's analytics and brokerage capabilities to improve incident response and financial benefits for organizations [4][5] - Brown & Brown has a dedicated cyber insurance team that provides innovative cybersecurity risk solutions, leveraging its extensive experience since 1939 [3][4] Group 2: Operational Impact - WireX Systems focuses on redefining incident response by providing clear answers to critical post-incident questions, enabling faster investigations and reducing dwell time [2][5] - The collaboration seeks to translate cybersecurity maturity into measurable financial benefits, allowing organizations to assess their investments and insurance limits based on their cyber maturity [4][5] Group 3: Strategic Goals - The goal of the collaboration is to empower organizations to respond to incidents with speed and clarity, bridging the gap between technical readiness and financial resilience [4][5] - The partnership aims to provide organizations with a clearer understanding of cybersecurity ROI, ultimately reducing residual risk and ensuring that insurance premiums reflect real-world cyber maturity [5]
SelectQuote (SLQT) Shares Slide Further on Disappointing Earnings Amidst DOJ Scrutiny – Hagens Berman
GlobeNewswire News Room· 2025-06-09 13:10
Core Viewpoint - SelectQuote Inc. is facing significant investor pressure due to disappointing quarterly results and ongoing legal issues, leading to a substantial decline in its stock price [1][3]. Financial Performance - For the quarter ended March 2025, SelectQuote reported earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share [2]. - The company posted revenues of $408.16 million, falling short of the Zacks Consensus Estimate of $417.01 million by 2.12% [2]. Legal Issues - The U.S. Department of Justice (DOJ) announced a lawsuit against SelectQuote and several major health insurers on May 1, 2025, alleging violations of the False Claims Act related to the marketing of Medicare Advantage plans [3][4]. - The lawsuit claims that from 2016 to at least 2021, SelectQuote and other brokers were incentivized to steer beneficiaries toward high-commission plans, potentially disregarding the suitability of those plans [4]. Investor Sentiment - The combination of a weaker-than-expected earnings report and serious legal allegations has heightened concerns regarding SelectQuote's financial stability and operational integrity [5]. - Hagens Berman is investigating potential violations of U.S. securities laws and is encouraging investors who suffered losses to come forward [2][5].
Aon Details a Powerful Platform for Growth at 2025 Investor Day
Prnewswire· 2025-06-09 10:00
DUBLIN, June 9, 2025 /PRNewswire/ -- Aon plc (NYSE: AON) is hosting its 2025 Investor Day today, beginning at 8:30 a.m. ET. During the event, Aon President and CEO Greg Case, CFO Edmund Reese and the senior executives leading the firm's 3x3 Plan will share how Aon United is a unique and powerful asset that is addressing clients' increasingly complex needs at the intersection of Risk Capital and Human Capital—driving sustainable, profitable growth and shareholder value creation. Aon plc (NYSE: AON) exists to ...
Waterdrop Inc. Announces First Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-06-05 10:00
Core Viewpoint - Waterdrop Inc. reported strong financial and operational growth in the first quarter of 2025, with significant increases in revenue and profit compared to previous periods [3][10]. Financial and Operational Highlights - Net operating revenue for Q1 2025 increased by 7.0% year-over-year to RMB 753.7 million (US$ 103.9 million) and by 9.7% quarter-over-quarter [9]. - Net profit attributable to ordinary shareholders reached RMB 108.2 million (US$ 14.9 million), marking a 34.2% year-over-year increase [10][15]. - First-year premiums generated through the insurance business reached RMB 2,092.4 million (US$ 288.3 million), representing a 19.3% year-over-year increase [10]. - Insurance-related income amounted to RMB 658.0 million (US$ 90.7 million), an increase of 8.4% year-over-year [11]. - Digital clinical trial solution income grew by 11.5% year-over-year to RMB 23.0 million (US$ 3.2 million) [12]. Insurance Business Performance - The insurance business saw a 30.1% year-over-year increase in short-term insurance premiums [4]. - Long-term insurance premiums grew by 27.6% quarter-over-quarter, indicating operational resilience despite product iteration challenges [4]. Crowdfunding and Risk Management - Waterdrop Medical Crowdfunding expanded its verification platform to cover 92% of domestic cities, enhancing risk control and campaign validation processes [5]. - Cumulatively, around 475 million people donated an aggregate of RMB 68.8 billion to 3.47 million patients through the crowdfunding platform [10]. AI and Technology Integration - The penetration of 'AI Insurance Expert - Medical Insurance' facilitated over RMB 2 million in monthly premiums [7]. - The 'AI Service Quality Copilot' improved unit operational efficiency by 83% since its launch [7]. Shareholder Value and Cash Position - The company distributed approximately US$ 7.3 million in cash dividends and repurchased around 54.2 million ADSs for a total consideration of approximately US$ 106.6 million as of May 31, 2025 [8][18]. - As of March 31, 2025, the cash position was RMB 3,543.3 million (US$ 488.3 million) [17].
US Business Owners are Taking Extra Precautions to Safeguard Their Businesses, According to Gallagher Study
Prnewswire· 2025-06-03 13:00
Core Insights - A recent survey by Gallagher indicates that U.S. business owners are increasingly concerned about external threats to their businesses, particularly supply chain disruptions, severe weather, and cyber-attacks [1][3][7] Business Concerns - 69% of U.S. business owners are worried about supply chain disruptions, while 69% also express concern over severe weather, and 72% are apprehensive about cyber-attacks [1][3] - The concern over cyber-attacks has risen from 69% in 2024 to 72% in 2025 [3] Insurance Claims and Coverage - Nearly 87% of U.S. business owners with insurance coverage made a claim in 2024, with 73% of those claims being $25,000 or more [2] - Coverage for claims varied, with 29% related to property, 28% to employment practices liability, 27% to cyber, and 27% to flood insurance [2] Cybersecurity and AI - 36% of U.S. business owners are looking to acquire or expand their insurance coverage for cyber-attacks [3] - 93% of business owners are somewhat worried about AI's impact on their businesses, an increase from 85% the previous year [4] - 95% agree that AI misuse requires stronger regulation, and 90% seek better protection [4] Supply Chain Investments - To mitigate supply chain disruptions, 40% of U.S. business owners are investing in AI and machine learning technologies, while 37% are focusing on supply chain automation and cloud computing [5] - 75% have contingency suppliers in place to manage potential disruptions [5] Weather-Related Concerns - 57% of U.S. business owners are considering relocating or investing in more resilient facilities to combat severe weather [7] - Flooding is viewed as a significant threat by 35% of business owners, yet only 30% currently have flood insurance [8] - Among those with flood insurance, 71% have made at least one claim, and 27% have made multiple claims [8] Precautionary Measures - After filing weather-related claims, business owners have taken steps to protect against various weather conditions, including floods (40%), fires (39%), and hurricanes (32%) [9] Expert Commentary - J. Patrick Gallagher, Jr., emphasizes the necessity of advanced mitigation strategies to manage the complexities of global risks, advocating for proactive planning and investment in resilience [6][10]
SelectQuote (SLQT) Shares Slide Further on Disappointing Earnings Amidst DOJ Scrutiny- Hagens Berman
Prnewswire· 2025-05-29 17:47
Core Viewpoint - SelectQuote Inc. is facing significant investor pressure due to a sharp decline in share prices following disappointing quarterly earnings and ongoing legal issues related to alleged violations of the False Claims Act [1][3]. Financial Performance - For the quarter ended March 2025, SelectQuote reported earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share [2]. - The company posted revenues of $408.16 million, falling short of the Zacks Consensus Estimate of $417.01 million by 2.12% [2]. Legal Issues - The U.S. Department of Justice (DOJ) announced a lawsuit on May 1, 2025, alleging that SelectQuote and other health insurers violated the False Claims Act in their marketing of Medicare Advantage plans [3][4]. - The lawsuit claims that from 2016 to at least 2021, SelectQuote received significant payments from insurers for Medicare Advantage enrollments, but allegedly steered beneficiaries toward higher-commission plans, disregarding their suitability [4]. Investor Sentiment - The combination of poor earnings and serious legal allegations has heightened concerns regarding SelectQuote's financial stability and operational integrity [5]. - Hagens Berman, a law firm investigating SelectQuote, emphasizes that the recent earnings figures raise existing concerns about the company's alleged steering tactics in light of the DOJ's allegations [5].
Regulatory Winds & Execution Catalyze GoHealth's Upside
Seeking Alpha· 2025-05-28 16:13
We initiate coverage on GoHealth, Inc. (NASDAQ: NASDAQ: GOCO ) with a Strong Buy and $20 PT. GoHealth is a leading digital Medicare & health insurance brokerage marketplace utilizing AI-based plan optimization and consumer activation in the U.S. Our Strong Buy rating isMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to identify companie ...
SelectQuote (SLQT) Shares Slide Further on Disappointing Earnings Amidst DOJ Scrutiny– Hagens Berman
GlobeNewswire News Room· 2025-05-14 00:29
Core Viewpoint - SelectQuote Inc. is facing significant investor pressure due to a sharp decline in share prices following disappointing quarterly results and ongoing legal issues related to alleged violations of the False Claims Act [1][3]. Financial Performance - For the quarter ended March 2025, SelectQuote reported earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share [2]. - The company posted revenues of $408.16 million, falling short of the Zacks Consensus Estimate of $417.01 million by 2.12% [2]. Legal Issues - The U.S. Department of Justice (DOJ) announced a lawsuit on May 1, 2025, alleging that SelectQuote and other major health insurers violated the False Claims Act in their marketing of Medicare Advantage plans [3][4]. - The lawsuit claims that from 2016 to at least 2021, SelectQuote received significant payments from insurers for Medicare Advantage enrollments, but allegedly steered beneficiaries toward higher-commission plans, disregarding their suitability [4]. Investor Sentiment - The combination of a disappointing earnings report and serious legal allegations has heightened concerns regarding SelectQuote's financial stability and operational integrity [5]. - Hagens Berman is investigating potential violations of U.S. securities laws and is encouraging investors who have suffered losses to come forward [2][5].
Arthur J. Gallagher & Co. Acquires Dean R. Casey & Associates
Prnewswire· 2025-05-06 13:00
Investors: Ray Iardella, VP - Investor Relations Media: Paul Day, Senior Media Relations Manager 630-285-3661/ [email protected] 630-285-5946/ [email protected] SOURCE Arthur J. Gallagher & Co. ROLLING MEADOWS, Ill., May 6, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Dallas, Texas-based Dean R. Casey & Associates. Terms of the transaction were not disclosed. Dean R. Casey & Associates is an employee benefits brokerage firm serving primarily small- and mid-size group cli ...
Arthur J. Gallagher (AJG) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-02 00:35
Core Insights - Arthur J. Gallagher (AJG) reported revenue of $3.68 billion for the quarter ended March 2025, reflecting a year-over-year increase of 14.4% [1] - The earnings per share (EPS) for the quarter was $3.67, up from $3.49 in the same quarter last year, with an EPS surprise of +2.80% compared to the consensus estimate of $3.57 [1] Financial Performance Metrics - The total company commissions were reported at $2.25 billion, a +12.8% change year-over-year, but below the average estimate of $2.27 billion [4] - The risk management segment reported revenues before reimbursements of $373.40 million, which is a +5.8% change year-over-year, but lower than the average estimate of $382.24 million [4] - Total company fees were $984.80 million, representing a +3.5% year-over-year change, but below the average estimate of $1.06 billion [4] - The brokerage segment's supplemental revenues were $113.90 million, exceeding the average estimate of $96.15 million, with a year-over-year increase of +21.3% [4] - The brokerage segment's contingent revenues were $92.90 million, slightly above the average estimate of $91.80 million, reflecting an +8% change year-over-year [4] Stock Performance - Over the past month, shares of Arthur J. Gallagher have returned -6.8%, compared to a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]