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Friday, Jan 27, 2023
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VALLEY INSIDER

LTC Properties Inc. in Westlake Village terminated a stock repurchase plan on March 25 – less than two weeks after its launch. “The course for LTC now is to further increase our liquidity,” Chief Executive Wendy Simpson said in a statement. During the plan’s 13 days in existence, the company bought about 616,000 shares for $18 million. … Anchor Loans in Calabasas has hired Andy Pollock as chief operating officer. He previously worked at Radian Group and was chief executive at subprime lender Franklin First. In a statement he said the house fix-and-flip loan market, in which Anchor specializes, is under-served and need “commonsense lending products and programs.” … Arcutis Biotherapeutics Inc. in Westlake Village has hired Kimberly Lathroum as vice president of marketing. She previously was executive director of marketing for Kite Pharma in L.A. and served stints at City of Hope in Duarte and Amgen Inc. in Thousand Oaks. … Speaking of Amgen, the pharma giant has committed an initial $12.5 million for coronavirus relief in “Amgen’s U.S. and international communities” and through organizations. In a statement, Chief Executive Robert Bradway called the pandemic “a very local phenomenon presenting an acute need to immediately support community measures to slow the spread of the virus and help those directly impacted.” … Farmers Insurance in Woodland Hills has modified its personal automobile and motorcycle policies to provide coverage for vehicles used to deliver food, pharmaceuticals and medical supplies during the coronavirus crisis. Keith Daly, president of personal lines, said the decision was in response to “the changed economic environment” of these “extraordinary times.” … Input 1, a digital billing service in Woodland Hills, has partnered with Xceedance, an insurance consultancy, to provide enhanced software to insurance carriers and managing general agents. “Our firms have a mutually deep dedication to understanding the insurance processes,” Chris Farfaras, chief sales and marketing officer at Input 1, said in a statement. “We want our clients to leverage our collective strengths to deliver high-value solutions to their organizations and markets.” Valley Insider is compiled by Editor Joel Russell. Send submissions to jrussell@sfvbj.com.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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