Online Insurance Marketplace has released a blog explaining how people can cover their funeral and burial costs by purchasing life insurance policy.. Final expense insurance can be purchased by filling in quote forms at this website. People just need to write their personal information and then the website’ s advanced search engines will list premium rates…
Newswires
In a release on May 15, A.M. Best noted that the revision to the outlook reflects higher volatility in Gulf Guaranty Life’s net income, with losses occurring in three of the last five years including 2012. The modest operating performance reflects weak underwriting performance, modest investment returns and relatively flat credit insurance sales in recent…
Patin will be based in Allied World’s New York office and will report directly to John Gauthier, Chief Investment Officer for the holding company and President of Allied World Financial Services. Gauthier commented, “We are very excited that John has joined Allied World’s investment team. Prior to joining Allied World, Patin was Vice President of Investments…
United Healthcare’s current contract with Memorial Hospital continues through the end of June but has yet to be renewed. Memorial Hospital Chief Financial Officer Joe Lanius said the hospital wants to retain United Healthcare, but believes the hospital could lose the insurer as United Healthcare continues to pay below-market rates.
May 26– Rather than pick stocks based on which investment style is in favor or which direction interest rates move, Milwaukee money manager Brandon Nelson looks for companies that are on a growth trajectory. His ideal companies are those whose earnings are poised to exceed analysts’ expectations and whose stock valuations are improving, said Nelson,…
May 26– COLUMBUS– Seven years after an investment and ethics scandal engulfed the Ohio Bureau of Workers’ Compensation and led to criminal charges against more than 20 people, the state-run insurance program for injured workers is set to return about $1 billion to public and private employers across the state. “I’m happy to get anything, but at this point we need to…
May 26– Of all the antitrust complaints being dealt Highmark Inc.’ s way, the most interesting might be the one filed by a Swiss telemedicine company that happens to be led at the board level, as of this week, by Highmark’s former CEO. LifeWatch AG has sued the Pittsburgh insurer and the rest of the Blue Cross Blue Shield Association- affiliated insurers because it…
With the launch of CarInsuranceMasters.com, click here to visit the website, web users can quickly collect insurance quotes from major carriers to keep their premiums low and their coverage levels high. Unlike many insurance comparison websites, the website takes a local approach. Click here to get $19/ month auto insurance rates..
Richard E. Neal, D- Mass., released the following remarks:. Mr. Speaker, today I am pleased to come before the House to introduce legislation ending a current law loophole that allows foreign insurance groups to strip their U.S. income into tax havens to avoid U.S. tax and gain a competitive advantage over American companies. I am pleased to be joined in my efforts by…
Today, Zane Benefits, Inc. published a new information on health insurance marketplaces. Only 140 Insurance Carriers Intend to Sell on Federal Marketplace. Gary Cohen, deputy administrator of CMS and director of the Center for Consumer Information and Insurance Oversight, admitted to the House Energy& Commerce subcommittee that only 140 insurers had…
May 25– OKLAHOMA CITY– The state House of Representatives passed a final-day concurrent resolution to “quarantine” the funding for the endangered Insure Oklahoma program, but it did so after the state Senate had adjourned for the year, making the action essentially meaningless. Insure Oklahoma uses federal Medicaid funding, $50 million in state tobacco tax…
May 25– If William Scott had steered just a few feet to the left, his truck would have sailed across the Skagit River bridge with no problem. As investigators and insurers begin to sort through Thursday night’s accident, which ended with a section of the bridge in the Skagit River, one of many unanswered questions is why Scott didn’t move to the center of the…
CENTRAL, Hong Kong, May 24– The Hong Kong Exchanges and Clearing Ltd. issued the following news release:. The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, announces the appointment of members to the Listing Committee of the Main Board and Growth Enterprise Market. The Listing Nominating Committee…
PCT Law Group announced that Steven Barentzen joined the firm as the head of its Washington, D.C. office. According to a release, in coming to PCT Law Group, Barentzen joins one of the top litigation boutique law firms in the metropolitan Washington, D.C. area. “We are extremely excited about Steve joining our litigation team,” said PCT Law Group co-founder H. Scott…
Effective immediately A. M. Best Company has affirmed Kinsale Insurance Company’s financial strength rating of A- and the issuer creditor rating of a-. Chief Executive Officer Michael Kehoe commented, “Kinsale achieved record profitability and premium volume in the first quarter due to disciplined underwriting, rigorous expense control and superior…
The National Planning Holdings, Inc. independent broker- dealer network achieved record revenue of more than $225.8 million during the first three months of the year, an increase of 14.6 percent over the same period last year, and an increase of 7.5 percent over the previous quarter. In a release on May 14, the Company noted that the network, which is one of the…
SPRINGFIELD- The Illinois Senate agreed Thursday to create a state-governed “health insurance exchange” where individuals and small businesses could shop for coverage as required by President Barack Obama’s health law. Pat Quinn released a statement calling the measure “an important first step” toward full implementation of the national health law.
California Insurance Commissioner Dave Jones announced that he, along with four other state insurance regulators, has reached a settlement with the CIGNA group over claims handling practices for long-term disability insurance. The settlement comes after individual examinations into the insurance company’ s claims handling practices by the California,…
May 25– SANTA CRUZ– For all those who found health insurance just too expensive, the state has posted sample rates for new policies in Santa Cruz County available for purchase starting Oct. 1 as part of the Affordable Care Act. –Health Net, a preferred provider network, bronze plan with a premiumn of $345 a month to platinum, $503 a month. –Blue Shield, an exclusive…
