Fitch Ratings has published a new report that examines financial performance of a group of 40 GAAP reporting property/casualty insurer entities over a 10- year period from 2002-2011.. The report highlights two key metrics to measure financial performance- return on average shareholders’ equity and the compound annual growth rate in book value per share.
Newswires
Transamerica announced today that Todd Schubert, Senior Vice President of its Financial Solutions Group unit, has been elected as a board member for the American Bankers Insurance Association. In his role at Transamerica, Schubert is responsible for strategic partnerships with financial institutions; primarily credit card issuers, credit unions and…
With the onset of cold weather in many parts of North America, Absolute Automation felt it was the right time to illustrate the potentially devastating effects of winter property freeze.“ Helping to empower people with the knowledge they need to protect themselves and their property is the goal with this series of infographics”, says marketing manager Nathan…
CHICAGO, Oct. 12, 2012/ PRNewswire/– The Vrdolyak Law Group sent a letter to Governor, Pat Quinn; Speaker of the House, Michael Madigan; and Senate President, John Cullerton petitioning tort reform of laws that favor big-business insurance companies over the average injured individual in personal injury cases that have gone to trial. The Vrdolyak Law Group…
NEW YORK and MANILA, Philippines and NEW DELHI, Oct. 12, 2012/ PRNewswire/– ExlService Holdings, Inc., a leading provider of outsourcing and transformation services, today announced the launch of EXL’s Healthcare Academy in Manila, Philippines, to scale its clinical and utilization management capabilities for health insurers and providers.
Three area hospital groups- St. Vincent Health, Community Health Network and Suburban Health Organization- have agreed to join forces to manage patients’ health and strike new kinds of contracts with employers and health insurers. “If you’re going to reduce that expense and have greater accountability, you’ve really got to limit it to a narrower network,” said…
Whether you’re shopping for your first policy or looking for lower rates, consider these ways to trim costs without sacrificing coverage. Before you buy, be sure to:. The Insurance Institute for Business and Home Safety provides information.
The suit claims that Richard Lipsky and other doctors associated with pain-management practices in Hackensack, West New York and Roseland submitted misleading and false claims for “personal injury protection” insurance payments on behalf of 24 people insured…
A former Indiana surgeon who was arrested in Italy after five years on the run is due to be sentenced Friday for billing insurers and patients for procedures he didn’t perform. Mark Weinberger, who ran a Merrillville nose and sinus clinic until he disappeared…
Oct. 12– Mark Weinberger will face up to 10 years in prison for insurance fraud when he is sentenced in federal court Friday, and that simply is not long enough for Marzetta Williams. Weinberger, who advertised his Merrillville, Ind., sinus clinic on billboards all over northwest Indiana, made worldwide headlines when he disappeared from his 80- foot yacht off the…
AmeriHealth Mercy set to compete in Medicare/Medicaid dual-eligible plan [The Philadelphia Inquirer]
Oct. 12– AmeriHealth Mercy said Thursday that it has gotten the green light to compete in certain Pennsylvania and South Carolina markets for so-called dual-eligibles, people who qualify for both Medicare and Medicaid. The new AmeriHealth Mercy plans, known as Medicare Advantage special-needs plans, represent a new business line for the Philadelphia…
Zane Benefits, the leader in defined contribution health benefits, today announced a new Broker Partner program available to Illinois health insurance brokers to help transition small business clients to defined contribution solutions. “Illinois brokers need a solution for employers canceling group health insurance plans in 2012,” said Rick Lindquist,…
Last week the Association of British Insurers called for an overhaul in the way that young people learn to drive in an attempt to reduce the high number of accidents and casualties amongst the UK’ s under 25 year old drivers. Recommendations included the adoption of a minimum one year period of tuition, restrictions on driving at night for newer drivers, a lower…
It happened in real life, and when this week’s History Detectives broadcasts on PBS stations Saturday at 8 p.m., some Toledoans will tune in to hear the story about the heroic act of one of their forebears, Henry Johnson, who in World War I was a member of the Harlem Hellfighters of the 369th Infantry of the New York National Guard. His granddaughter, Tara Johnson and…
AmeriHealth Mercy has gotten the green light to compete in certain Pennsylvania and South Carolina markets for so-called dual-eligibles, people who qualify for both Medicare and Medicaid. The new AmeriHealth Mercy plans, known as Medicare Advantage special-needs…
Ivinex LLC, provider of an All-in-One CRM service to better manage businesses, is happy to announce the launch of its newest service, connectmogul. Derek Miner, CEO of Ivinex, stated that the innovative product is“ guaranteed to make a huge impact in the insurance industry and eventually every industry. Our initial launch is a targeted product with specific…
He played in the nonscholarship world of NCAA Division III. He graduated from Ferrum in 1993 but did not want to leave basketball behind. He decided to make coaching his profession, and remained at Ferrum for two more years as an assistant.
Oct. 12– Mark Weinberger will face up to 10 years in prison for insurance fraud when he is sentenced in federal court Friday, and that simply is not long enough for Marzetta Williams. Weinberger, who advertised his Merrillville, Ind., sinus clinic on billboards all over northwest Indiana, made worldwide headlines when he disappeared from his 80- foot yacht off the…
The Division of Insurance Fraud began investigating Disney guest claims representative Gregory James Washington, 46, in 2009 after a financial analyst alert. Between January and June 2009, Washington authorized 18 fraudulent insurance payments totaling $122,858…
