Newswires

Settlers Life Insurance Company announces the enhancement of its final expense life insurance portfolio effective September 1, 2012. The maximum benefit available on Settlers Life’ s Bronze plan increases from $10,000 to $15,000. The Bronze plan is a modified benefit whole life policy available to people between the ages of 40 and 75. Settlers Life is also…

Aug. 31– A trustee in Go Fig Inc.’ s bankruptcy has reached a $4.5 million settlement with its former CEO, Robert Semaan, and his wife Lynda Semaan. Maryland Heights- based Go Fig Inc. operated the Fig. chain of clinics across the country that provided fat-dissolving injections. The Semaans’ insurers will pay $4.5 million to settle an adversary proceeding brought by…

For years, many farmers in the Midwest signed up for federal crop insurance coverage, took the papers and struck them in a file folder or drawer and never looked at them again. “We’ re working with farmers who have never filed a crop insurance claim before,” says Tad Mozena, vice president– national insurance manager for RaboAgInsurance Services.“ There is a high level…

Los Angeles, CA August 31, 2012. By choosing to purchase ACO Reinsurance through Madison Healthcare Insurance Services, this particular ACO was able to achieve savings from their highest cost patients as soon as coverage was in place. “The initial 2012 CMS contracts were very time-sensitive and as such many ACO’ s did not have the time to evaluate the impact of…

As of August 27, 2012, Pegasystems Inc. and Lawrence Weber entered into a Director Indemnification Agreement, pursuant to which the Company has agreed to indemnify Mr. Weber against certain liabilities that may arise by reason of his status or service as a director of the Company, and to advance him the expenses incurred as a result of a proceeding as to which he…

Item 1.01 Entry into a Material Definitive Agreement. The registrant amended the Agreement and Plan of Merger dated March 31, 2012 among Reinsurance Technologies, ReTech Solutions, Inc. and Ludvik Holdings, Inc. filed with the SEC on May 23, 2012, by extending the due diligence period for Ludvik from June 30, 2012 to September 14, 2012. The Merger Agreement is…

A.M. Best Co. has placed under review with developing implications the financial strength rating of A- and issuer credit ratings of“ a-” of Flagstone Reassurance Suisse S.A. and Flagstone Alliance Insurance and Reinsurance PLC. A.M. Best also has placed under review with developing implications the ICR of“ bbb-” of Flagstone Reinsurance Holdings S.A..

The Real Estate Finance Group, with offices in Los Angeles, Kansas and New York City, today announced three new members to its team. Jim Genis of Opal Sea Capital, a nationwide commercial real estate bridge lender to provide client services in the U.S. Midwest Region, Jonathan Kane, a financial services professional, with a background in property and casualty…

Aug. 31– BRIDGEPORT– A Canadian national admitted to a federal judge Friday that he made more than 270 harassing and threatening phone calls to the Travelers Insurance Co. in Hartford over 14 months. Brent Q. Hanson, 49, formerly of Florida and Edmonton, Canada, admitted to U.S. Public Defender Kelly Barrett recommend that Hanson be incarcerated for more than six…

Research and Markets has announced the addition of the “Directors and Officers Liability: Prevention, Insurance and Indemnification” subscription to their offering. With liability often looming just over the horizon, corporate directors and officers rely on liability insurance and indemnification for peace of mind. 6. Overview of Directors and Officers…

Fitch Ratings has affirmed Rimac Internacional Compania de Seguros y Reaseguros S.A. This is partially offset by its dependence on Peru’s insurance industry and a lower diversification of its shares investment portfolio. Rimac concentrated 33.99% of gross written premium at June 2012 and maintains a diversified business mix.

Legendary radio veteran Tom Joyner, along with Allstate Insurance Company will celebrate ten unforgettable years of family fun with show-stopping sold out concerts, access to theme parks, informative seminars and numerous activities created for guests of all ages. For the 6th consecutive year, Allstate continues its commitment and support of Joyner by…

SUMMARY: We are revising the Medicare hospital inpatient prospective payment systems for operating and capital-related costs of acute care hospitals to implement changes arising from our continuing experience with these systems. These changes will be applicable to discharges occurring on or after October 1, 2012, unless otherwise specified in this…

FRANKFORT, Ky.– Kentucky has taken another step toward a statewide health insurance exchange with the appointment of an executive director to head the initiative that resulted from federal health care reforms. Steve Beshear appointed Carrie Banahan to the position this week. Banaham had been executive director of the Kentucky Office of Health Policy.

Aug. 29– After some initial bumps, including arranging a local place for blood work, Ruidoso village officials said at their meeting earlier this month the transition of employees to the Lovelace Health Plan is going smoothly. Frank DiMotta’s office, 208 Porr Drive, for all village employees, their family members and anyone with Lovelace Health Plan insurance.

A.M. Best Co. is pleased to release the August edition of the monthly video series Global News Roundup, providing video interviews with three leading editors from around the globe who chronicle the reinsurance and insurance sectors. The podcast is hosted by John Weber of A.M. Best. Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative…

Aug. 31– Prosecutor William Katz of the Yuma County Attorney’s Office chipped away at Preston Strong’s alibi on Thursday– the day he was accused of killing a Yuma physician nearly five years ago. Mindy Cordoba testified that she remembers Strong being at her family’s bail bond office, McCurley Bail Bonds, on Nov. 1, 2007, the day Dr. The last time Cordoba said she…

Preventia, Inc. reports receiving its first order from a prominent institutional client in the insurance product market. Preventia has been chosen to design an income yielding product, in units of $10,000,000 each, to fill specific high yield return needs. Rob Stevens, Preventia’s CEO, states,“ The insurance industry could soon embrace Preventia- designed high…

Business Intelligenze Company, a leading provider of measurable ROI analytics for the Recruitment Process Outsourcing companies, is pleased to announce the release of their next generation business intelligence platform for the outsourced recruitment process. The emergence of RPO solutions is growing at a steady pace in India and worldwide. With ever…