On Wednesday, in the course of current trade, Shares of American International Group Inc (NYSE:AIG), climbed 0.75%, and is now trading at $59.17.
Willis Group Holdings (WSH), the global risk advisory, re/insurance broking and human capital and benefits firm, and American International Group, Inc. (AIG) have declared the launch of Evergreen, an innovative, new approach to insurance that removes the need for annual policy renewal.
Evergreen is the first UK mid-market offering with no renewal date that covers major insurance classes under one contract.
Developed by Willis in conjunction with and underwritten by AIG, the Evergreen contract continues indefinitely, reduces frictional costs and cuts out time consuming administration at renewal. Regular reviews ensure the correct level of protection is maintained at all time, complemented by risk administration support.
The Evergreen policy also provides a six-month cancellation clause, which gives clients greater flexibility and freedom contrast to a traditional annual insurance policy that cannot be cancelled after inception.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
During Morning trade, Shares of Magnum Hunter Resources Corp (NYSE:MHR), climbed 4.20%, and is now trading at $0.7650.
Magnum Hunter Resources Corporation declared that it has declared a monthly cash dividend on the Company’s 10.25% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”), a monthly cash dividend on the Company’s 8.0% Series D Cumulative Preferred Stock (“Series D Preferred Stock”) and a monthly cash dividend on the Company’s 8.0% Series E Cumulative Convertible Preferred Stock (“Series E Preferred Stock”). The outstanding shares of Series E Preferred Stock are represented by depositary shares (the “Depositary Shares”), each representing a 1/1,000th interest of a share of Series E Preferred Stock.
The dividend on the Series C Preferred Stock, which is for the month of September 2015, is payable on September 30, 2015, to holders of record at the close of business on September 15, 2015. The payment will be an annualized 10.25% per share, which is equivalent to about $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock. The Series C Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “MHR.PRC”.
The dividend on the Series D Preferred Stock, which is for the month of September 2015, is payable on September 30, 2015, to holders of record at the close of business on September 15, 2015. The payment will be an annualized 8.0% per share, which is equivalent to about $0.3333 per share, based on the $50.00 per share liquidation preference of the Series D Preferred Stock. The Series D Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “MHR.PRD”.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Finally, Perrigo Company plc Ordinary Shares (NYSE:PRGO), lost -0.46% Wednesday.
The Springfield Police Department’s K-9 unit will now be protected in the line of duty thanks to the support of PetArmor, a brand of Perrigo Animal Health, and Walmart. In partnership with Vested Interest in K9s, Inc. — a nonprofit organization that provides bullet- and stab-protective vests to police departments nationwide — the group donated six protective vests to assist keep the Missouri-based K-9 officers safe.
Thousands of law enforcement K-9s put their lives on the line to protect America on a daily basis. They are usually the first officer to enter a dangerous situation, and assist track and neutralize violent criminals, sniff out illegal or explosive materials and search for survivors of natural disasters. In most cases, law enforcement agencies do not have the budget to purchase K-9 protective vests because they cost $1,050 each. As a result, police dogs are left unprotected while fighting crime.
“Our police service dogs are invaluable tools for our officers to utilize, especially when attempting to locate suspects, narcotics, weapons or other items,” said Springfield Police Department Chief Paul Williams. “We are thrilled that PetArmor is assisting to protect six of our police service dogs. Without the donation, we would not have been able to provide them with this level of protection.”
Perrigo Company plc, through its auxiliaries, develops, manufactures, and markets over-the-counter (OTC) consumer goods and pharmaceutical products worldwide. The company operates through Consumer Healthcare (CHC), Branded Consumer Healthcare (BCH), Prescription Pharmaceuticals (Rx Pharmaceuticals), Specialty Sciences, and Other segments.
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