Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to provide in narrative form the perspective of the management of Kansas City Life Insurance Company on its financial condition, results of operations, liquidity, and certain other factors that may affect its future results. The following is a discussion and…
Newswires
Net income for the nine months ended September 30, 2012 was $4.0 million or $0.58 diluted earnings per share, as compared with $4.1 million or $0.58 diluted earnings per share for the same period in 2011. Net income from operations for the nine months ended September 30, 2012, excluding non-cash gains and losses, as referenced in the table below, was $5.0 million…
Oct. 25– Here’s how I would fix the financial quagmire that is the Texas Windstorm Insurance Association:. I borrowed it from the Texas Department of Insurance and the Texas Attorney General’s office. Some solutions apparently being considered could raise property insurance rates substantially for coastal residents or even result in higher premiums for…
According to documents filed in the case, Herder, an independent insurance salesman for Aflac Inc., failed to file timely and accurate income tax returns for the years 2000-2009 despite earning substantial insurance commissions and receiving warnings and notices from the IRS. According to the plea agreement and indictment filed in this case, to prevent the…
The CFO Alliance, a leading global peer-driven community for Chief Financial Officers and senior finance leaders across the country, has formed a new partnership with Lockton, the world’ s largest privately-owned insurance broker and risk management advisor. Through in-person roundtable discussions, virtual interaction via a vibrant online community,…
Oct. 25– Maps designating flood plains from Ruidoso Downs to Hondo Valley for the National Flood Insurance Program are flawed and must be corrected, Lincoln County’s planning director said. County Planning Director Curt Temple, who also is county flood plains manager, told county commissioners at a meeting earlier this month that an error was found in the…
The Queen’s Medical Center is suing Kaiser Foundation Health Plan Inc. for more than $4 million, saying Kaiser underpaid Queen’s for care given to Kaiser members. Queen’s and Kaiser, Hawaii’s largest health maintenance organization, have had an arrangement…
BEIJING, Oct. 26, 2012/ PRNewswire/– In the field of the internet advertising in China, RTB has wowed everyone with its explosive growth. The largest DSP in China, iPinYou, is taking a delegation of China’ s leading advertisers to visit RTB companies in the U.S to accelerate advertisers’ understanding of this emerging trend. The delegation is composed of many leading…
Office Address: U.S. Department of State; Western Hemisphere Posts; American Embassy Bogota, Colombia; Calle 22 D-BIS, No. 47-51 Apartado Aeroe 3831 Bogota DC 20051. Contact: Elias H. Castillo, Procurement Supervisor, Phone 5712752291, Fax 5712752152, Email CastilloEH@state.gov- Carolyn A. Hightower, Contracting Officer, Phone 5712752238, Fax 5712752152, Email…
On September 26, 2012, Post Rock Wind Power Project, LLC filed an application pursuant to section 203 of the Federal Power Act requesting authorization for a transaction in which certain membership interests in Post Rock will be issued to three investors, EFS Post Wind, LLC, MetLife Capital Credit L.P. and Union Bank of California Leasing, Inc., in exchange for…
CSC today announced Nexxus Solutions Group, a national contractor and service provider network serving North American property and casualty carriers, has licensed and is now using CSC’s vendor relationship management software, Vendor Solutions Suite. “As a start-up business run by industry veterans, we knew that analysis and reporting capabilities were…
Towers Watson issued the following news release:. Global professional services company Towers Watson announced the release of The Older Age Mortality Study 3, the company’s third study of U.S. life insurance industry mortality. “This study is very timely for life insurers,” said Elinor Friedman, director, Life practice, Towers Watson. “
DLA Piper has advised Menora Mivtachim on a joint venture with Redefine International P.L.C., a property investment company listed on both the London Stock Exchange and the Johannesburg Stock Exchange. Through this joint venture Menora Mivtachim acquired four German office properties. Menora Mivtachim is a leading pension fund and the third-biggest life…
Accenture issued the following news release:. Accenture has unveiled an enhanced version of its claims management software platform, Accenture Claim Components, designed to help property and casualty insurers process claims more quickly and efficiently and improve customer satisfaction. “Our new release of Accenture Claim Components was designed by our…
The Washington State Department of Health has taken disciplinary actions or withdrawn charges against health care providers in our state. The department’s Health Systems Quality Assurance Division works with boards, commissions, and advisory committees to set…
Oct. 26– As flu season approaches, the pace of immunizations is lagging in the Sacramento region, likely due to mild October weather and, perhaps, fading memories of the 2009 H1N1 pandemic. The trend comes despite some financial relief from the Affordable Care Act, which mandates this year that health care insurers, Medicare and Medi-Cal cover the entire tab for…
After weeks of discussing the right course for Idaho, an advisory group will announce its final recommendations on how the state should set up a health insurance exchange. It is now up to Idaho to decide if it will allow the federal government to control the exchange…
The California Department of Insurance issued the following news release:. Insurance Commissioner Dave Jones today announced that Richard Scott Webster Jr., aka Chris Webster, 33, of Redding,, has been sentenced to 365 days for theft of insurance premiums. According to investigators, the California Department of Insurance, Investigation Division, received…
Oct. 26– Luciano “Lou” Tribuiani, 48, of Middletown Township, N.J., a sports producer and youth sports coach, died Saturday, Oct. 20, in Charlotte, N.C., after suffering a heart attack. Mr. Tribuiani was in Charlotte to cover the Dallas Cowboys- Carolina Panthers game. Previously, Mr. Tribuiani had worked in the insurance industry in the Philadelphia area, including for Aetna,…
