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Switching insurers could save county $60K [Columbus Telegram, Neb.]

May 24, 2013

May 24– COLUMBUS– Platte County could net about $60,000 in savings by switching insurance carriers and taking on a bit more liability per insured employee. The board of supervisors showed some interest in ending three years with the county’s current stop-loss insurance carrier Companion Life Insurance Group, which would increase the county’s annual…

Allstate Assisting Oklahoma Policyholders Cleaning Up After Tornadoes

May 24, 2013

Once it is safe, Allstate Insurance recommends Oklahoma residents carefully inspect their homes and vehicles for damage caused by the tornadoes. Allstate policyholders can begin the claim process by calling or visiting their agent, calling 1-800-54- STORM or logging onto Allstate.com. The Allstate Corporation is the nation’s largest publicly held…

Attorneys working on watering down indemnification clause [The Reporter (Tavernier, Fla.)]

May 24, 2013

May 23– Attorneys on both sides of the issue are working to tone down an agreement indemnifying the Key Largo Wastewater Treatment District from damages that could result from the construction and maintenance of on-site sewage systems. District general counsel Ray Giglio and Nicholas Mulick, the attorney representing residents where the system might go,…

Average Age For SSDI Recipients Reaches 53, Allsup Reports

May 24, 2013

The average age for Social Security Disability Insurance recipients is now 53, having climbed upward from about 52 in previous years, according to Allsup, which has helped tens of thousands of people to receive their SSDI benefits. “Along with private disability insurance, Social Security Disability Insurance provides critical support for people who…

The Zacks Analyst Blog Highlights:American International Group, Tower Group International, Hanover Insurance Group, Monteplier Re Holdings and Global Indemnity

May 24, 2013

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include American International Group Inc., Tower Group International Ltd., Hanover Insurance Group Ltd., Monteplier Re Holdings Ltd. and Global Indemnity plc. Get the most recent insight from Zacks…

Education Foundation presents scholarships [Daily Record, The (Wooster, OH)]

May 24, 2013

The Achievement Scholarship, Holmes County students with high potential for success, pursuing the fields of teaching, engineering, science, nursing, or selected pre-med programs– Andrew Gordon and Markilynn Hogle. The Holmes County Bar Association Scholarship, graduating seniors of Hiland and/or West Holmes pursuing a law-related field of study– Colton…

AG Coakley Awards $500,000 for Programs that Provide Mental Health Services to Veterans and Their Families

May 24, 2013

The Massachusetts Attorney General issued the following news release:. Attorney General Martha Coakley’s Office today awarded $500,000 in grants to help provide access to quality mental health services to Massachusetts veterans and their families. In the settlement, the company agreed to pay $1.7 million to settle allegations that it marketed its health…

Alaska Gov. Signs Insurance Modernization Bills

May 24, 2013

Alaska Gov. Sean Parnell signed two pieces of legislation designed to streamline and modernize insurance laws in Alaska…

Hagan Statement on Crop Insurance Fraud and Tobacco Insurance Amendments

May 24, 2013

“After the largest-ever crop insurance fraud ring was uncovered this year in North Carolina, many North Carolina farmers approached me withconcerns that these bad actors, combined with federal budget woes, could mean the end of federal crop insurance, and I introduced this amendment to support fraud prevention to make sure these honest farmers don’t pay the…

House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises Hearing

May 24, 2013

Testimony by Kenneth Ehinger, President and Chief Executive Officer, M Holdings Securities, Inc., on behalf of the Association for Advanced Life Underwriting. Her draft legislation would, in essence, require the SEC to identify a real need and determine that there will be real benefits outweighing the costs before upending the current standards that apply to…

SUNDANCE STRATEGIES, INC. FILES (8-K/A) Disclosing Entry into a Material Definitive Agreement, Changes in Registrant’s Certifying Accountant, Changes in Control or Registrant, Change in Directors or Principal Officers, Financial Statements and Exhibits

May 24, 2013

DESCRIPTION OF THE MERGER Introduction Java Express, Inc. was organized under the laws of the State of Nevada on December 14, 2001, for the purpose of selling coffee and other related items to the general public from retail coffee shop locations. On March 29, 2013, Sundance Strategies, Inc., a Nevada corporation, its newly formed and wholly-owned subsidiary, Anew…

Covered California announces Stanislaus County health plans [The Modesto Bee]

May 24, 2013

The participating insurers include industry leaders such as Anthem Blue Cross, Kaiser Permanente and Health Net, as well as smaller regional plans. Residents of Stanislaus, San Joaquin, Merced and Mariposa counties will have four choices: Anthem, Blue Shield, Kaiser Permanente and Health Net. For example, the average premiums for the top plans in Stanislaus were…

Eau Claire workers maintain some union-earned benefits [The Leader-Telegram, Eau Claire, Wis.]

May 24, 2013

May 24– Some fringe benefits gained through decades of union negotiating with the city will remain and even differentiate workers covered under Eau Claire’s revised employee handbook. “We’re trying to maintain some consistency with what we have now,” council President Kerry Kincaid said. Benefits such as longevity pay, long-term disability insurance,…

Rep. Gary Miller Introduces Insurance Capital and Accounting Standards Act

May 24, 2013

Gary Miller, R- Calif., issued the following news release:. Today, Representative Gary G. Miller introduced the Insurance Capital and Accounting Standards Act of 2013, a bill to help ensure the affordability and availability of insurance products for consumers by providing clarity with regard to the capital standards applicable to insurance companies.

Less Competition on Health Insurance Exchange Could Lead to Higher Rates Absent Health Insurance Rate Regulation

May 24, 2013

Consumer Watchdog responded today to the news that the state’s three largest health insurance companies– Blue Cross, Blue Shield and Kaiser– would continue to dominate the health insurance market in the California health exchange with concerns that patients will continue to pay excessive premiums because of decreased competition. United Healthcare,…

The More Snow on the Ground, the Less Car Accidents on the Road, Says KANETIX

May 24, 2013

Contrary to popular belief, the majority of car accidents do not occur in the cold, dark winter months of December, January and February says KANETIX. In 2012, of the drivers obtaining auto insurance quotes at KANETIX.CA almost 23.8 percent disclosed having an accident in the winter months. Where as 25.6 percent of accidents disclosed to KANETIX occurred in the…

Two Claims Lead to Charlotte Man’s Arrest on Insurance Fraud Allegations

May 24, 2013

Insurance Commissioner Wayne Goodwin today announced the arrest of Chavannes Jean Baptiste, 34, of 8806 Belle Bragg Way, Charlotte; he was charged with one count each of insurance fraud and obtaining property by false pretense. Baptiste was allegedly paid $867.36 by Safeco Insurance Company after he had already filed an insurance claim for the same property…

ABIA Elects New Board Members

May 24, 2013

The American Bankers Association issued the following news release:. The American Bankers Insurance Association has elected Dario Campolattaro, CEO of Summit Community Bank and Kirk Jensen, managing director and senior executive of First Niagara Risk Management as new 2013 board members. Joan Cleveland– longtime ABIA board member– will remain on the board,…

Genpact: Partnership Extended with Genworth Financial [Professional Services Close – Up]

May 24, 2013

Genpact has a 14- year relationship with Genworth and supports Genworth’s three primary divisions: Insurance and Wealth Management, Mortgage Insurance and Corporate and Runoff. Genpact also signed a third party administrator agreement with Genworth, enabling Genpact to provide TPA services in the United States for Genworth. “Genpact has been a proven…

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