Cna Settles With Uc Medical Centers, But Afscme Still Set To Strike

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Coakley of Oklahoma City (File Photo/CNA). Oklahoma City, Okla., Nov 20, 2013 / 05:07 pm ( CNA/EWTN News ).- Archbishop Paul Coakley of Oklahoma City says he feels privileged to have been named chairman of the board for Catholic Relief Services and was surprised when he was asked last week to take the role. I'm humbled, and I'm honored, to have this opportunity to serve the Church and our mission to the least of our brothers and sisters around the world, Archbishop Coakley told CNA Nov. 19. I've been on the board of CRS for over a year, going on two years, but I was very much surprised by the appointment. The archbishop recalled how the new U.S. bishop's conference president, Archbishop Joseph Kurtz of Louisville, Ky., approached him as the annual meeting concluded in Baltimore last week and asked if I would be willing to serve. So I had to ask him what chairing the organization would entail, and it certainly will require me to rearrange some priorities, but I'm very happy to serve in this way, very honored to be entrusted with this responsibility. Archbishop Coakley was announced Tuesday as chairman of Catholic Relief Services' board of directors, succeeding Bishop Gerald Kicanas of Tucson in the role. The charity is the international humanitarian agency of the U.S. bishops, providing assistance to those in need in 91 countries. It was founded in 1943 to aid World War II survivors in Europe. In a public statement, Archbishop Coakley expressed his deep gratitude for Bishop Kicanas and his sterling example and dedication as the previous chair. He added that even now, as I transition into this role, more than 100 CRS workers are on the ground in the Philippines, offering their expertise and assistance as our Filipino brothers and sisters face great and unexpected suffering in the wake of Typhoon Haiyan. The work of CRS its mission to extend the love and compassion of Christ to the poor wherever there is need continues. Archbishop Coakley explained to CNA that the work of CRS is so important, and such a significant expression of the Catholic Church in the U.S., of our mission to serve the poor and those who are in distress, the least of our brothers and sisters. He visited CRS operations in Rwanda in September, and was deeply moved by that experience. It was my first opportunity to witness on the ground how CRS is affecting lives, and saving lives. Source: http://www.catholicnewsagency.com/news/archbishop-coakley-humbled-surprised-to-be-crs-chairman/





CNA Financial Announces Third Quarter 2013 Results





The UC system, meanwhile, is attempting to get a court injunction to cna certification limit the magnitude of the Nov. 20 strike. At UC's request, the California labor board formally known as the Public Employment Relations Board is seeking a temporary restraining order in Sacramento Superior Court on Tuesday to limit the number of American Federation of State, County and Municipal Employees union members who can partake in the one-day action, UC officials said Nov. 18. (The union argues that the labor board has backed it on key questions.) UC has argued that having "certain essential employees" go out on strike poses a threat to public health and safety. Dr. John Strobo , senior vice president for UC Health Sciences and Services, said the proposed Wednesday strike puts "patients at UC medical centers and student health centers in the middle of a labor dispute," and will cost the UC system about $10 million to hire and train temporary workers to fill in for missing AFSCME workers. AFSCME represents 21,000 UC technical and service employees at the five UC medical centers and student health centers in Berkeley, Santa Cruz, Merced, Riverside and Santa Barbara. The hospitals that would be affected include UCSF Medical Center , UC Davis Medical Center , and medical centers at UCLA , UC San Diego and UC Irvine. Source: http://www.bizjournals.com/sanfrancisco/blog/2013/11/cna-settles-with-uc-medical-centers.html









The expense ratio improved 0.4 points, primarily due to the impact of lower underwriting expenses. Hardy Results for the Three Months Results for the Nine Months Ended September 30 Ended September 30 ($ millions) 2013 2012 2013 2012 Net written premiums $ 81 $ 56 $ 274 $ 56 NWP growth (% year over year) 45 % N/M % Net operating income $ 12 $ 3 $ 2 $ 3 Loss ratio 40.5 % 33.3 % 47.3 % 33.3 % Effect of catastrophe impacts (5.4) - (2.0) - Effect of development-related items 4.9 8.9 (4.3) 8.9 Loss ratio excluding catastrophes and development 40.0 % 42.2 % 41.0 % 42.2 % Combined ratio 85.1 % 85.8 % 95.4 % 85.8 % Combined ratio excluding catastrophes and development 84.6 % 94.7 % 89.1 % 94.7 % -- Hardy, a specialized Lloyd's of London underwriter, was acquired on July 2, 2012. -- Net written premiums increased $25 million for the third quarter of 2013 as compared with the prior year quarter. This increase was driven by growth of non-marine property and a reduction in the amount of reinsurance purchased across several business units. In addition, a change in Hardy's share of the results of Syndicate 382 contributed to the growth in the period. Hardy retains 100% of the results for the 2013 year of account, while 25% of the capital for the 2012 year of account was provided by third parties. Average rate decreased 5% for the third quarter of 2013 as compared with an increase of 1% for the prior year quarter for the policies that renewed in each period. Retention of 75% and 73% was achieved in each period. -- Net operating income increased $9 million for the third quarter of 2013 as compared with the prior year quarter. This increase was primarily due to improved non-catastrophe underwriting results, partially offset by higher catastrophe losses. Source: http://www.marketwatch.com/story/cna-financial-announces-third-quarter-2013-results-2013-10-28





Ex-Dividend Reminder: CNA Financial, Capital One Financial and Kemper





( NYSE: CNA ), Capital One Financial Corp ( NYSE: COF ), and Kemper Corp. ( NYSE: KMPR ) will all trade ex-dividend for their respective upcoming dividends. CNA Financial Corp. will pay its quarterly dividend of $0.20 on 11/26/13, Capital One Financial Corp will pay its quarterly dividend of $0.30 on 11/21/13, and Kemper Corp. will pay its quarterly dividend of $0.24 on 11/26/13. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen, at DividendChannel.com As a percentage of CNAs recent stock price of $40.26, this dividend works out to approximately 0.50%, so look for shares of CNA Financial Corp. to trade 0.50% lower all else being equal when CNA shares open for trading on 11/7/13. Similarly, investors should look for COF to open 0.43% lower in price and for KMPR to open 0.62% lower, all else being equal. Below are dividend history charts for CNA, COF, and KMPR, showing historical dividends prior to the most recent ones declared. Source: http://www.forbes.com/sites/dividendchannel/2013/11/05/ex-dividend-reminder-cna-financial-capital-one-financial-and-kemper/