Industry News

Patriot National, Inc., today announced that New Jersey Manufacturers Insurance Company, will implement InsurePay, a pay-as-you-go billing tool, to help ease the payment process for its workers' compensation customers. NJM, founded in 1913, is the largest workers' compensation insurance provider in New Jersey. "We are pleased that another leading workers' compensation carrier has..."/>
New Jersey Manufacturers Insurance Company Adopts Patriot Technology Solutions' InsurePay Pay-as-You-Go Billing Tool
Santa Cruz County Bank is pleased to announce its rank as the top bank in California for the second quarter in 2016. The Bank also ranks #1 for lowest non-performing assets. FMC- Financial Management Consulting Group ranks all 185 California banks on a quarterly and annual basis based on a variety of factors including: net interest margin, efficiency, asset quality and earnings."/>
Santa Cruz County Bank Earns Top Performance Rankings in California
Whitestone REIT is pleased to announce the appointment of Dennis Younes, a 26- year commercial real estate veteran, to the position of Director of Leasing- Houston. As Director of Leasing for the Houston market, Mr. Younes is responsible for leading the leasing team to source the right tenant mix to meet the needs of the community."/>
Whitestone REIT Welcomes Dennis Younes as Director of Leasing - Houston
Fingerprints fight mobile fraud [Bangkok Post, Thailand]
CIFC LLC will be acquired by Jersey-based alternative investment platform F.A.B. Partners through a merge with a F.A.B. affiliate for USD 333 m in cash, the firm said. The transaction, which is subject to approval by CIFC's shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions, is expected to close this calendar year."/>
F.A.B. Partners to Buy Private Debt Investment Manager CIFC for USD 333m in Cash
1347 Property Insurance Holdings Inc reported on Tuesday updates of the storm activity in the state of Louisiana from 11 August 2016 to 15 August 2016.. Its wholly-owned subsidiary, Maison Insurance Company has many policyholders who have been impacted by this event, the company added. The company said that although the ultimate cost and impact on its financial results is not certain at this time, losses regarding insurance claims related to damage resulting from these storms,..."/>
1347 Property Insurance provides updates of catastrophe losses from storm activity in Louisiana
CVS Health remains the largest recipient of Rhode Island tax credits, but Citizens Financial Group and Electric Boat are gaining, according to a state report issued Monday. Woonsocket-based CVS, the top recipient of state tax credits for many years, received $21.2 million in total state credits or incentives during the year that ended June 30, down from $23.5 million the previous year. Providence-based Citizens, which was spun off from the Royal Bank of Scotland in 2014,..."/>
Report says Citizens' R.I. tax credits skyrocket from $3.4M to $11.9M in fiscal 2016 [The Providence Journal, R.I.]
PrivateBancorp Inc revealed on Monday that its board of directors approved a cash dividend of USD0.01 per share for the third quarter of 2016, unchanged from the prior quarter. This dividend will be paid on 30 September 2016 to stockholders of record on 16 September 2016.. PrivateBancorp through its subsidiary The PrivateBank and Trust Company, offers tailor made business and personal financial services in the US."/>
PrivateBancorp announces dividend of USD0.01 per share for quarter
Claris Lifesciences Ltd last year, is readying a bid for the Indian company's injectable drugs business, reported Mint."/>
Deals Buzz: Future Group explores deal with Aditya Birla Retail [Mint, New Delhi]
Gazit-Globe Reports Second Quarter 2016 Financial Results
RBL Bank's IPO subscribed 3.08 times on day 2 [Mint, New Delhi]
Claris Lifesciences Ltd last year, is readying a bid for the Indian company's injectable drugs business, according to two people familiar with the development. The private equity firm will partner with a drug maker to acquire Claris's business that is valued at about $400-450 million, said one of the two people cited above, requesting anonymity. The name of Carlyle's partner for the bid could not be..."/>
Carlyle Group readies bid for Claris's injectable drugs business [Mint, New Delhi]
Reliance Industries Ltd which last month announced that it planned to launch small-capacity cylinders. RIL, which has tested and developed a 4 kg cylinder, told analysts in a..."/>
Oil marketing firms see huge opportunity in small LPG cylinders [Mint, New Delhi]
State Bank of India, said on Monday. "If banks are not able to book profits on their treasury books, where do the provisions come from? Once we have classified lot of assets, provisioning is automatic."/>
Treasury profit will have to cover for higher provisions, says SBI [Mint, New Delhi]
RBL Bank's IPO subscribed 3.08 times on day 2 [Mint, New Delhi]
Solutions Group, DATUM, TRACE International, Inc., Capital Teas, Mavenspire, and SailTime were all listed on Inc. 5000, an ordered list of fast growing companies in America. Inc. is a website focusing on business news and information."/>
Fast-growing Annapolis businesses make annual list [The Capital, Annapolis, Md.]
SEC clears Pikesville man of fraud charges [The Baltimore Sun]
AT&T announces Cuba voice, text, data service [Sun Sentinel]

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