AM Best Revises Outlooks to Negative for American Federated Insurance Company and American Federated Life Insurance Company

OLDWICK, N.J., August 27, 2021–(BUSINESS WIRE)–AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” (Fair) of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS.

These Credit Ratings (ratings) reflect AFIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM). The ratings

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Job market elasticity is ‘debate among economists now:’ Strategist

Questions on the elasticity of the labor market have arisen among economists in the aftermath of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium last Friday.

The S&P 500 and Nasdaq reached all-time highs after Powell announced that the Fed’s substantial further progress test for inflation had been satisfied. But economists have been mixed in their forecasts of how the market, and particularly the labor market, will perform in the coming months.

“I think the debate among economists now is ‘How elastic is that job market?’” Kathy Jones, Charles Schwab’s (SCHW) Chief Fixed Income Strategist said in

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No violation of law in taking loans through APSDC

No violation of law in taking loans through APSDC

The Andhra Pradesh government has defended its decision to borrow money from banks through AP State Development Corporation, stating that it had not violated any Constitutional provisions in the process.

Senior advocate Dushyant Dave arguing on behalf of the state government said this in his counter affidavit in the state high court hearing a Public Interest Litigation filed by Telugu Desam Party legislator Velagapudi Ramakrishna and another petitioner.

Dave contended that the PIL was nothing but a political interest litigation petition to create hurdles in the functioning of the corporation.

The high court bench headed by Chief Justice Arup Kumar

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SCORE is especially seeking Spanish-speaking mentors and those willing to share their expertise with its Latino client base.

It will take a small army of business mentors and experts to help America’s small businesses build back from the ravages of the COVID-19 pandemic – and SCORE is issuing a broad call for additional volunteers to help Hispanic entrepreneurs.

“We are seeing an unprecedented need for mentoring and expertise as Hispanic small business owners and entrepreneurs reach out for advice and support to grow their businesses,” said SCORE CEO Bridget Weston. “That’s why we are issuing a national call for volunteers to support our diverse client base. SCORE mentors donated the equivalent of $26.8 million supporting Hispanic-owned entrepreneurs and

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Ex-Pence Advisor Warned Trump Was Setting up Another ‘Benghazi’

  • James Golby served as a special advisor in the office of Vice President Mike Pence.
  • He spent 20 years in the US Army and deployed twice in Iraq.
  • Last fall, he said Donald Trump was leaving behind “an unsustainable presence in Afghanistan.”

A Trump administration advisor warned late last year that President Donald Trump’s decision to leave just 2,500 troops in Afghanistan — and his telegraphed desire to get out whether or not the Taliban chose to abide by its agreement with the US — would leave American forces vulnerable to an attack.

“Perhaps by design,

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IBM Makes New Appointments to Federal Global Business Services Team

IBM (NYSE: IBM) has hired seven former military and government officials and industry veterans to serve as partners on its Washington, D.C.-based federal global business services team.

The company said Monday the key additions reflect its commitment to helping federal agencies advance information technology modernization efforts.

Brian Davis, a retired Air Force major general, serves as a partner for defense and intelligence at IBM’s federal global business services team. He previously served as director of the Defense Information Systems Agency’s Joint Service Provider.

Troy Edgar, most recently chief financial officer at the Department of Homeland Security, has

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There’s no good time to return to pre-pandemic unemployment insurance system

For American workers, Labor Day this year brings both reasons to celebrate and reasons to be wary. The labor market recovery from the recession caused by the COVID-19 pandemic has been strong, but it remains incomplete and unevenly distributed. Job openings are plentiful, but economic shifts have complicated returning to work for many people, who also face continued public health concerns and ongoing caregiving challenges. 

On top of that uneven recovery, the federal emergency unemployment insurance (UI) benefits enacted in response to COVID-19 are due to expire this Labor Day weekend, on Sept. 6. With continued uncertainty around

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