Newswires

Fitch Ratings has affirmed the rating on the following notes issued by Welsh Road Funding LLC:. The notes are supported by a $2.5 billion unconditional and irrevocable surety issued by Columbia Insurance Company (Columbia; Insurer Financial Strength rating of’ AA+’ with a Stable Outlook), which is further enhanced by a corporate guaranty made by BHI.

Interthinx and Decision Ready announced their alliance to offer quality control and quality assurance programs to the servicing industry. Ravi Ramanathan, chief executive officer for Decision Ready, adds, “Our focus on assisting servicers over the past couple of years to better manage enterprise risk aligns well with the Interthinx vision and track record…

New York Life announced that John Fleurant has been promoted to deputy chief financial officer, a new position reporting to Executive Vice President and Chief Financial Officer Michael Sproule. Sproule said, “Over the past two years, John Fleurant has done an outstanding job leading the Controller’s, Tax and Treasury departments, as well as overseeing the…

Health care costs for participants in a health and wellness coaching program were $19 to $22 per member per month less than for a control group in a study by an independent researcher conducted for Medica, a health insurance company with headquarters in Minneapolis. In addition, 96% of members participating reported overall satisfaction with the program and…

Alliant Energy and the company’s union members are working to hammer out a contract as the days tick down to the expiration of the current agreement between the parties. Alliant and IBEW Local 949 and 204 were in negotiations throughout the summer, with the contract dispute centering on health care benefits and the role of seniority in some positions.

NEW JERSEY— Insurance brokerage firm Hub International has signed a long-term, 21,431- sq.-ft. lease occupying the entire second floor at 180 River Road in the Summit Corporate Center, a 43,120- sq.-ft., Class A office building in Summit, N.J.. Newmark Grubb Knight Frank Executive Managing Director Henry S. Kobrin and Principal Frank Recine represented Hub…

Oct. 25– The sale of Guard Insurance Group in Wilkes-Barre to a unit of billionaire Warren Buffet’s Berkshire Hathaway will mean growth and additional jobs, the company’s chief operating officer said today. Clal U.S. Holdings, which owns Guard Insurance Group, was sold to Nebraska- based National Indemnity Co. for $221 million, according to a report from Clal to…

Oct. 25– The annual enrollment period for Medicare– the time each year when beneficiaries can make changes to Part D and Medicare Advantage plans– began last week and will continue through Friday, Dec. 7. Plans not renewing their contract with Medicare for 2013 were to have notified their members by Oct. 2. The Senior Health Insurance Information Program, operated…

Gowrie Group, New England’ s premier independent insurance agency, is excited to announce that Dan Cooney has joined the company’ s growing commercial insurance division. Dan Cooney commented,“ In every interaction, Gowrie Group differentiates. Prior to joining Gowrie Group, Dan was the Associate Executive Director of US Sailing.

Forward-Looking Statements In this Quarterly Report on Form 10- Q, we discuss and make statements regarding our intentions, beliefs, current expectations, and projections regarding our company’s future operations and performance. Such statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of…

“CHN values the outstanding providers in our PPO network and we are dedicated to adding value to their practices,” said Michael A. Morrone, CSG Founder and President.“ I am particularly excited about this partnership because it provides a critical service while rewarding our providers for meeting CHN PPO’ s rigorous quality control standards,” he added.

In a detailed 45- minute webinar attended by executives from hospitals and health systems, physician practices, payers, and other healthcare professionals from around the nation, Ken Perez, MedeAnalytics’ director of healthcare policy and senior vice president of marketing, separated fact from speculation in the national debate on Medicare reform.

MILWAUKEE— Roundy’ s Supermarkets here will begin offering health coverage to workers through a new program offered by Anthem Blue Cross and Blue Shield and Aurora Health Care. Roundy’ s, parent of the Pick’ n Save, Rainbow Foods and Mariano’ s Fresh Market banners, has approximately 8,000 employees and family members who live in Aurora’ s Wisconsin service area.

The Federal Deposit Insurance Corporation, the International Association of Deposit Insurers, the Bank Guarantee Fund of Poland and the Financial Services Compensation Scheme today announced that Acting FDIC Chairman Martin Gruenberg completed his five-year term as President of the IADI during the 11th Annual General Meeting and Conference in London…

The Kirkwood Foundation, like many foundations, receives life insurance policies as donations. “Many universal life policies— I believe as many as 50 percent— will lapse long before their owners die,” says Loren Coppock, founder of Polsar Financial and principal at TrueNorth Companies.“ When that happens, the cash value is zero, the insurance company keeps all the…

Identity theft insurance has grown more popular with consumers as criminals continue to find innovative ways to steal personal information, according to the Insurance Information Institute. “A healthy fear of ID theft is a good thing,” stated Gail Cunningham…

Insuritas, the nation’s leading provider of outsourced insurance agencies, today announced three additions to its senior management team. Jack Hollingsworth, who served as CEO of the Regions Bank Insurance Group, has joined the company as Senior Vice President. Joe Perkowski, most recently National Sales Executive for BancInsure, AmTrust has also joined…

Highmark Inc. has opened the defined-contribution pool. Partnering with Array Health Solutions, a Seattle health software company, Highmark is pitching employers and brokers on “private exchanges,” through which employees can choose from a menu of health, dental and vision plans at a price that’s fixed for the employer. Come January, the company will be…

Sanitas, the leading Spanish Health Insurance and service provider, recently finished the implementation of DocPath’s Document Software solution and rolled it successfully out into all its offices. DocPath has provided Sanitas with the latest document management software solutions to create a single, unified document generation platform.