WASHINGTON- The president of a Costa Rican company that sold reinsurance bonds to life settlement companies was sentenced today in Richmond, Va., to 60 years in prison for carrying out a half-billion-dollar fraud scheme that affected more than 3,500 victims throughout the United States and abroad, announced U.S. Attorney for the Eastern District of Virginia…
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Oct. 23– WARRENSBURG– The Federal Emergency Management Agency can go soak its head, residents said during the City Council meeting Monday at the Municipal Center, 200 S. Holden St.. FEMA put sections of the city into a flood plain arbitrarily, forcing Marr Park- area residents to pay hundreds more for flood insurance, Stan Moreland said. City Manager Paula Hertwig…
Panelists include David Pitts, manager, Deloitte Consulting, LLP., Suzanne Amari, FSA, MAAA, director and actuary, and Kevin Osinski, ASA, E.A., consulting actuary, both of MassMutual’ s Retirement Services Division. MassMutual also recently published its Q3 2012 Pension Funding Scorecard which is posted on the company’s website at MassMutual.com/db.
“Businesses are going to have to change their strategy,” said Stephen Cilley, a forum panelist and CEO of Ataraxis, a professional employer organization based in Boise. “You can hire as many part-time jobs as you want, employers don’t have to pay anything…”
Oct. 23– A Kansas City police officer remains suspended without pay after Platte County authorities charged him with defrauding his insurer to pay off a car loan. Oden allegedly later filed the accident claim with American Family Insurance, which paid $12,319 to the vehicle’s lien holder, the Kansas City Police Credit Union. In August 2011, while Oden was…
For the sixth year in a row, West Virginia tops the list of states where an individual driver is most likely to run into a deer. Using its claims data and state licensed driver counts from the Federal Highway Administration, State Farm, the nation’s leading auto insurer, calculates the chances of a West Virginia motorist striking a deer over the next 12 months at 1 in…
Oct. 21– Thomas Walker is 59 years old but looks older. There are doctors who can help, but Walker can’t pay for it out of his meager $698- a-month disability check, and many of the specialists he needs don’t take Medicaid. “When we call a neurologist’s office, they say,’ We don’t take Medicaid,'” Walker said. “
According to a July 2012 Consumer Reports article“ Health insurers, consumer advocates and economists are among those who want patients to recognize cost variations in health care, find out what care should cost and comparison shop… it’ s a challenge. An aging‘ boomer’ himself, Ira Yellen experienced the confusing array of choices in selecting home health…
Among the recent additions to PokitDok’ s primary care lineup are Seattle, WA’ s Qliance and Monterey, CA’ s MedLion; two direct pay pioneers that have paved the way for cash based medical services operating independently of the insurance industry, as well as Palmetto Proactive Primary Care Physicians of Spartanburg, SC with a pay-by-service model.
Oct. 22– CUMBERLAND– The Western Maryland Health System recently sent representatives to the mandatory annual meeting of a “captive” insurance company in the Cayman Islands. Expenses of the representatives were paid by the Maryland Insurance Company, Ltd., not the health system, said WMHS spokeswoman Kathy Rogers. The Maryland Insurance Company is domiciled in…
On October 23, 2012, Flagstone Reinsurance Holdings, S.A. issued a press release announcing that it has established the date for an extraordinary general meeting of its shareholders. At the extraordinary general meeting, Flagstone shareholders will be asked to consider and vote upon a proposal to approve the previously announced Agreement and Plan of…
The Washington state Department of Health issued the following news release:. section of the Department of Health website. In September 2012 the Nursing Commission amended the statement of charges against registered nurse and advanced registered nurse practitioner Bridgett B. Kraft.
Nationwide Mutual Insurance issued the following news release:. Nationwide leaders Gale King and Gary Douglas have been named to Black Enterprise’s 2012 100 Most Powerful Executives in Corporate America. Gale King is Executive Vice President and Chief Administrative Officer for Nationwide Mutual Insurance Company, one of the largest insurance and…
Hub International Limited, a leading insurance brokerage firm, will lead a speaker’ s panel at the Fourth Annual Employer Healthcare& Benefits Congress. Hub International was a recipient of the 2011 Corporate Wellness Leadership Award, which recognizes leaders in the wellness industry for providing an exemplary program of innovation consistent with the…
Oct. 23– The trial of four Mid-Columbia potato farmers and processors and a Kennewick insurance agent accused of conspiring to defraud the Federal Crop Insurance Corp. of more than $9.5 million in insurance payments has been postponed. Attorney Sal Mendoza Jr.’ s sister Ilda L. Islas of Prosser, and his niece, Alejandra Islas, 14, were killed in a head-on collision…
As part of the agreement, AIG agreed to perform comparisons of all in-force and lapsed insureds, account holders, and annuity owners with a death benefit against the DMF within 60 days, and continue this practice on a monthly basis, establish procedures that a DMF…
AIG will pay more than $300 million to settle dispute with states over life-insurance payments that go unclaimed, according to California’s finance office. In one agreement over unclaimed property, AIG will pay an estimated $300 million owed on life-insurance…
Pets Best Insurance, a leading U.S. pet insurance agency, is pleased to announce the finalists for its third quarter My Vet’ s the Best Contest. The finalists were hand-selected by the Pets Best Insurance staff and include six veterinarians from across the country. Rene Lefranc- Second Avenue Animal Hospital- Columbus, Ga.• Dr.
“It’s a communications issue,” says Lois Lewis, who lives in Somerdale and commutes to Center City, where she is an insurance broker. But there are people who do, “says Richard Busillo, 59, of Voorhees, who takes the train to his Center City job as a financial adviser. “We want to thank the public for their patience,” says Tim Ireland, spokesman for the Delaware River Port…
