“Every day, Lockton demonstrates that our difference really does make all the difference in making our clients' businesses better,” said Chairman David Lockton. Included in the 2015 Lockton Report is the announcement that Ron Lockton, son of founder Jack Lockton, will be Vice Chairman. “We are so pleased to welcome Ron into his role as Vice Chairman, solidifying the…
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At the same time, Fitch has affirmed the ratings of Irish Life Assurance plc, including the IFS rating at' AA-'. Under Fitch's notching criteria, Canada is classified as having a' Group Solvency' style of regulation. However, since GWO's ultimate holding company is not regulated by the Office of the Superintendent of Financial Institutions in Canada, Fitch employed a'…
The Manheim Auto Auction usually is a quiet place on weekends. This was the sixth time in the past three years that BRAKES was offered in Manheim. Our exercises are based on Department of Transportation crash data, ” Matt Reilly, BRAKES director of operations, said.
The Federal Emergency Management Agency, or FEMA, and state officials are slated to hold a meeting and open house Thursday to discuss upcoming tweaks to the government-issued Flood Insurance Rate Map, or FIRM, of Troup County and the surrounding areas. Community leaders, insurance representatives, FEMA agents and the floodplain study's contract engineer…
M. Jean Rynier, age 90, of Lancaster, PA, passed away on Monday, August 17, 2015 at Moravian Manor Nursing Home in Lititz, PA. Born in Paradise, PA, she was the daughter of the late Adam E. and Elsie E. Leaman Rynier. Jean was employed by Educators Mutual Life Insurance Company for 42 years, working payroll in the Accounting Department and later was a supervisor of the Records…
The Iowa Department of Human Services announced its intent to contract with Amerigroup Iowa, Inc., and three other health plans as a result of a statewide competitive bidding process. Amerigroup Iowa will operate out of Des Moines and subject to finalization of its contract with DHS, is expected to begin serving members on January 1, 2016.
Aug. 19– Under a new medical coding system scheduled to roll out in the fall, a roller-skating injury isn't as simple as it sounds. Most industrialized countries moved to the new International Classification of Diseases, 10th Edition several years ago, according to the Centers for Medicare and Medicaid Services. ICD-9 has “outdated and obsolete terms, and is…
Fitch Ratings has affirmed the ratings of Sun Life Financial Inc. including its senior and subordinated notes, as well as the Insurer Financial Strength ratings of SLF's primary Canadian insurance subsidiary, Sun Life Assurance Co. of Canada, at' AA-'. At the same time, Fitch has downgraded the ratings on SLF's preferred stock to' BBB-' from' BBB' and upgraded the…
In negotiating their 2015 health insurance renewals, Brown& Brown delivered savings of $37,260,980, which does not include the value of benefit changes. “One of the most important functions in our role as an insurance broker is to provide our clients with a plan that best meets their specific needs and negotiate that plan at the most favorable rates,” said Lou…
Buttonwood Financial Group, a full-service wealth management firm, is pleased to announce the addition of their newest team member: Kyle Hogan. Prior to joining Buttonwood, Kyle worked as a financial planner with AXA Advisors LLC. He graduated from Kansas State University with a Bachelor of Science in financial management.
Starting today, Crestbrook Insurance Company will be rebranded under the Nationwide name. “We have always benefited from the financial strength and stability of being part of the Nationwide family, one of the largest and most established insurance and financial companies in the world,” said Jim Pedersen, President of Nationwide Private Client product line.“…
Horizon Systems and Services, a proven provider of end-to-end P&C administration solutions to small- to mid-size carriers, today announced that it has selected InRule Technology ®’ s business rules management system as the decisioning solution within Horizon’ s ALL* Points policy and claims administration solution. According to Kurt Kwekkeboom, CEO of…
Rising sea levels are driving up expected economic and insurance losses from hurricane-driven storm surge in coastal cities across the United States, according to an analysis.
A.M. Best has placed under review with negative implications the financial strength rating of A- and the issuer credit rating of“ a-” of Hyundai Insurance Co., Ltd.. Although the loss survey is on-going, A.M. Best expects HIC to have a sizeable gross loss from the explosions given the fact it has underwritten all property risks related to Hyundai Motor.
That unanimous ruling by the Kentucky Court of Appeals on Aug. 14 upholds an August 2013 Fayette Circuit Court ruling. According to documents filed with the Kentucky Court of Appeals, Nunn receives at least $1,600 in monthly pension benefits from the Kentucky Legislators Retirement Plan. In August 2013, Fayette Circuit Judge James Ishmael ruled in a wrongful…
–Genpact, a global leader in designing, transforming, and running intelligent business operations, today announced the expansion of its Genpact OpenWealth ® business, which provides wealth management services to wrap platforms, insurers, banks, brokers, wealth, and asset managers into the U.K. market, by closing its acquisition of the U.K. OpenWealth platform…
The Standard announces the appointment of a new retirement plan consultant for its West Sales Region. Joel Mee, Retirement Plan Consultant, West Sales Region, The Standard. Joel Mee will support advisors in Orange, San Diego, San Bernardino and Riverside counties in Southern California.
Aug. 19– PORT MANATEE– Attorneys representing Manatee County Port Authority have filed a $2 million complaint against a Chicago insurance company they say failed to pay the port for losses sustained from a toxic spill in 2011.. Filed in the 12th Judicial Circuit Court in Manatee County, the suit alleges that the Illinois Union Insurance Co. denied the port's…
–The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings, Inc., today announced that it has entered into an agreement to purchase a group annuity contract from The Principal Financial Group to settle $425 million of Lincoln Electric's approximate $900 million in outstanding U.S. pension obligations. Under the agreement, The Principal will…
