Government of Maryland

AM Best Upgrades Credit Ratings of ClearPath Insurance Company

Retrieved on: 
Friday, March 1, 2024
Insurance, Professional Services, ICR, ALL, FSR, Risk management, News, AM Best, Government of Maryland, Credit, Security (finance)

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Company (d/b/a Clearpath Specialty and Clearpath Specialty Insurance Company) (Clearpath Specialty) (Maryland).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Company (d/b/a Clearpath Specialty and Clearpath Specialty Insurance Company) (Clearpath Specialty) (Maryland).
  • As part of the transaction, Clearpath Specialty converted to a stock insurance company from a mutual company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

The NHP Foundation Completes Acquisition of Land and Development Financing Closing to Create Park Heights Senior Apartments

Retrieved on: 
Tuesday, December 5, 2023
Sale, City, Housing, Community development, Coffee, CVS Health, Virginia Avenue, Investment, Maryland Route 129, Government of Maryland, National Green Building Standard, CDA, Health, Enoch Pratt Free Library, HUD, Partnership, Water, Growth, Medicare, Administration, Maryland Department of Commerce, Rail transport, Industrial design, Points of the compass, Medicaid

NEW YORK, Dec. 5, 2023 /PRNewswire-PRWeb/ -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, announced today that it has finalized the purchase vacant land from the City of Baltimore to construct one hundred 1- and 2-bedroom apartment homes. The new apartment community, Park Heights Senior Apartments, at 4710 Park Heights Avenue is part of a major redevelopment plan for the area including the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated.

Key Points: 
  • The new apartment community, Park Heights Senior Apartments, at 4710 Park Heights Avenue is part of a major redevelopment plan for the area including the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated.
  • "Mayor Scott's Administration and the City of Baltimore applaud the vision of NHPF and its partners with this major undertaking in Park Heights," said Baltimore City Housing Commissioner Alice Kennedy.
  • Notable features of Park Heights Senior apartments include rooftop, carport, and gazebo mounted solar panels, battery storage, and meeting the National Green Building Standards for energy efficiency.
  • Construction on Park Heights Senior Apartments is expected to be completed in mid-2025.

AM Best Removes From Under Review With Positive Implications, Affirms Credit Ratings of ClearPath Insurance Company; Assigns Positive Outlook

Retrieved on: 
Friday, September 29, 2023
Other Professional Services, Professional Services, Insurance, AM Best, ALL, Risk management, Government of Maryland, Credit, MD, FSR, Clearpath Robotics, AM, News, Bel Air, Security (finance)

The outlook assigned to these Credit Ratings (ratings) is positive.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is positive.
  • ClearPath’s ratings were previously placed under review with positive implications in March 2023, following the announcement that it had entered into a definitive merger agreement with Harford Mutual Insurance Group, Inc. (Harford Mutual).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Harford Mutual Insurance Group Announces Merger Agreement with ClearPath Mutual

Retrieved on: 
Tuesday, August 15, 2023
Tripura Merger Agreement, KESA, BEL, Government of Maryland, History, Organization, Mergers and acquisitions, Ward, Growth, Insurance, Management, Clearpath Robotics

BEL AIR, Md., Aug. 15, 2023 /PRNewswire/ -- Harford Mutual Insurance Group ("Harford Mutual"), a Ward's 50® top performing commercial property and casualty insurance company headquartered in Maryland, today announced that it has received final approval from the Maryland Insurance Administration of the Merger Agreement with ClearPath Mutual Insurance Company ("ClearPath Mutual"), a monoline workers' compensation carrier headquartered in Louisville, Kentucky.

Key Points: 
  • BEL AIR, Md., Aug. 15, 2023 /PRNewswire/ -- Harford Mutual Insurance Group ("Harford Mutual"), a Ward's 50® top performing commercial property and casualty insurance company headquartered in Maryland, today announced that it has received final approval from the Maryland Insurance Administration of the Merger Agreement with ClearPath Mutual Insurance Company ("ClearPath Mutual"), a monoline workers' compensation carrier headquartered in Louisville, Kentucky.
  • Under the terms of the Merger Agreement, ClearPath Mutual merged into Harford Mutual Insurance Group and converted to a stock insurer.
  • All policyholders of ClearPath Mutual will obtain membership rights in Harford Mutual as policyholders of the newly formed Clearpath Specialty.
  • ClearPath Mutual board chair, Sean Garber, will remain on Clearpath Specialty's board as chair and will join Harford Mutual's Board of Directors.

Frederick Housing Authority Receives Award from State of Maryland for Excellence in Affordable Housing Preservation

Retrieved on: 
Wednesday, June 7, 2023
Housing, Maryland Department of Commerce, Assistant, Natural Resources, City, Economic development, Certification, Community development, Environment, Government of Maryland, EGC, Management

FREDERICK, Md., June 7, 2023 /PRNewswire-PRWeb/ -- The 2023 Maryland Department of Housing and Community Development (DHCD) Excellence in Affordable Housing Preservation was awarded to the Housing Authority of the City of Frederick (HACF), developer for Catoctin View Homes, an affordable housing community located at 800 Motter Ave, Frederick, Maryland. The award was presented by Maryland DHCD Secretary Jake Day and Assistant Secretary Greg Hare, to E. Kevin Lollar, Executive Director, and Angie Lollar, Director of Economic Development for HACF. Catoctin View Homes and the development team have also received the following awards and certifications:

Key Points: 
  • Project award to Catoctin View Homes, affordable housing community located in Frederick, Maryland
    FREDERICK, Md., June 7, 2023 /PRNewswire-PRWeb/ -- The 2023 Maryland Department of Housing and Community Development (DHCD) Excellence in Affordable Housing Preservation was awarded to the Housing Authority of the City of Frederick (HACF), developer for Catoctin View Homes, an affordable housing community located at 800 Motter Ave, Frederick, Maryland.
  • The award was presented by Maryland DHCD Secretary Jake Day and Assistant Secretary Greg Hare, to E. Kevin Lollar, Executive Director, and Angie Lollar, Director of Economic Development for HACF.
  • Catoctin View Homes and the development team have also received the following awards and certifications:
    Enterprise Green Communities Certification – Certified Enterprise Green Communities (EGC) properties cost less to maintain, use fewer natural resources, generate less waste, and contain fewer toxic materials, contributing to a healthier environment.
  • Angie Lollar, Housing Authority City of Frederick, 717-504-0933, [email protected]

Maryland Secretary of Housing and Community Development Jake Day to Break Ground at Queenstown Affordable Apartment Community

Retrieved on: 
Monday, March 27, 2023
Village, Housing, Maryland Department of Commerce, TM, Green Street House, Head, Low-Income Housing Tax Credit, Consultant, Marylanders, LIHTC, Community development, Bank, Principal, Government of Maryland, Food delivery, MD

Maryland Department of Housing and Community Development (DHCD) Secretary Jake Day will speak and is expected to discuss how the State of Maryland and DHCD are addressing the affordable housing crisis facing the state.

Key Points: 
  • Maryland Department of Housing and Community Development (DHCD) Secretary Jake Day will speak and is expected to discuss how the State of Maryland and DHCD are addressing the affordable housing crisis facing the state.
  • "There is a critical need for affordable housing in communities across Maryland, and the expansion of the Village at Slippery Hill will help address that need in Queen Anne's County," said Secretary Day.
  • "Green Street Housing and TM Development are excited to have partnered on another high-quality affordable rental community in Maryland.
  • We're proud to be Maryland-based developers, utilizing Maryland-based contractors and consultants to build housing for Marylanders," said Dave Layfield, Principal of Green Street Housing.

AM Best Comments on Credit Ratings of Harford Mutual Insurance Group’s Members Following Announced Merger Agreement

Retrieved on: 
Friday, March 3, 2023
Insurance, Professional Services, ALL, Credit, Risk management, Harford, News, Clearpath Robotics, AM, Kentucky Department of Fish and Wildlife Resources, AM Best, Government of Maryland

Harford is comprised of Harford Mutual Insurance Company, Firstline Insurance Company and 1842 Insurance Company, all of which are domiciled in Maryland.

Key Points: 
  • Harford is comprised of Harford Mutual Insurance Company, Firstline Insurance Company and 1842 Insurance Company, all of which are domiciled in Maryland.
  • Additionally, AM Best anticipates that effective Jan. 1, 2024, ClearPath will be included in Harford Mutual Insurance Company’s quota share reinsurance contract.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

DII's Mike Papa Named to Maryland Insurance Administration's Property & Casualty Producer Licensing Advisory Board

Retrieved on: 
Monday, September 20, 2021
Insurance, Property, Instagram, DII, Volunteering, LinkedIn, Senior, Twitter, Industry, Risk management, Life, Facebook, Government of Maryland, State, Education, Financial services, Financial adviser

HUNT VALLEY, Md., Sept. 20, 2021 /PRNewswire/ -- Diversified Insurance Industries announces today that Mike Papa, Senior Vice President & Director of Underwriting has been selected by the Maryland Insurance Administration to serve on the Property & Casualty Producer Licensing Advisory board.

Key Points: 
  • HUNT VALLEY, Md., Sept. 20, 2021 /PRNewswire/ -- Diversified Insurance Industries announces today that Mike Papa, Senior Vice President & Director of Underwriting has been selected by the Maryland Insurance Administration to serve on the Property & Casualty Producer Licensing Advisory board.
  • The Life and Health Producer Licensing Advisory Board and the Property and Casualty Producer Licensing Advisory Board are filled by appointed members, all volunteers, who serve four-year terms.
  • As a member of the Property & Casualty board, Papa will review continuing education courses, examinations, and other matters related to the licensing, education, and qualification of insurance producers.
  • DII is proud to participate at this level with the Maryland Insurance Administration and congratulate Mike Papa to this important board position.

Greenbelt Police Department Joins Other Maryland Law Enforcement Agencies Using eSOPH by Miller Mendel, Inc.

Retrieved on: 
Wednesday, December 16, 2020
Greenbelt Police Department, Washington metropolitan area, Greenbelt, Maryland, Commission on Accreditation for Law Enforcement Agencies, Calea, Government of Maryland, Law enforcement in the United States, Local government in the United States

GREENBELT, Md., Dec. 16, 2020 /PRNewswire/ -- The Greenbelt Maryland Police Department went live with their implementation of the eSOPH background investigation system from Miller Mendel, Inc .

Key Points: 
  • GREENBELT, Md., Dec. 16, 2020 /PRNewswire/ -- The Greenbelt Maryland Police Department went live with their implementation of the eSOPH background investigation system from Miller Mendel, Inc .
  • By transitioning to eSOPH, the Greenbelt Police Department joins several other Maryland agencies using the eSOPH system, to include the Baltimore Police Department and multiple public safety agencies within Anne ArundelCounty, MD government .
  • With the Greenbelt Police Department's implementation of eSOPH, they will now be networked on applicant background investigations with the City of Baltimore, Anne Arundel County and other agencies using the eSOPH system nationwide.
  • The Greenbelt Police Department is an accredited law enforcement agency through the Commission on Accreditation for Law Enforcement Agencies (CALEA).

SparkPost Celebrates Opening of New Maryland Headquarters to Accommodate Rapid Growth

Retrieved on: 
Thursday, May 10, 2018
Merrick, Larry Hogan, Government of Maryland, MARYLAND

SparkPost's new, two-story Maryland headquarters features innovative design and was carefully chosen with longevity in mind.

Key Points: 
  • SparkPost's new, two-story Maryland headquarters features innovative design and was carefully chosen with longevity in mind.
  • Larry Hogan, Howard County Executive Allan Kittleman and an array of local officials, SparkPost CEO Phillip Merrick and company employees celebrated the opening with a ribbon-cutting ceremony on Thursday.
  • "This is an exciting time for SparkPost and its employees in Maryland, who will all benefit from the opportunities this expansion presents," said Merrick.
  • "With offices around the globe, SparkPost is thrilled to double down on Maryland and continue to build its team in Howard County."