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Accident Fund Holdings Receives 2012 Guidewire Innovation Award

October 24, 2012

Accident Fund was one of three Innovation Award winners, with the other two being The Hanover Insurance Group, Inc. and Jewelers Mutual Insurance Company. “It’s a huge honor to receive this award and it is truly reflective of the hard work of our claims representatives, risk case managers and operating companies,” said Jeff White, director of Medical Management…

Pan-American Life Insurance Group Strengthens Corporate Finance Team with Five New Appointments

October 24, 2012

NEW ORLEANS, Oct. 24, 2012/ PRNewswire/– Pan-American Life Insurance Group, a leading provider of insurance and financial services throughout the Americas, is pleased to announce the appointment of five executives to the Group’s finance team. David Demmon has joined PALIG as Vice President, Controller and Chief Accounting Officer; Alywin Fruge has come to PALIG…

PEO Advantage Introduces Childcare Industry-Specific Program For Workers Compensation Insurance, Payroll And Human Resources

October 24, 2012

TAMPA, Fla., Oct. 24, 2012/ PRNewswire/– PEO Advantage is becoming a popular resource for the owners of childcare facilities, daycare centers and pre-schools through its program for workers compensation, payroll and human resources administration. “Our programs for pre-schools and daycare facilities focus on providing turnkey solutions with minimal to no…

Presolicitation Notice – Health Insurance Service for locally employed staff (foreign nationals) in Curacao

October 24, 2012

Office Address: U.S. Department of State; Regional Procurement Support Office- Fort Lauderdale; Florida Regional Center; 4000 N. Andrews Ave. Fort Lauderdale FL 33309. Place of Performance: United States Consulate General, Curacao, Dutch Caribbean. The Department of State plans to issue a solicitation for health insurance for locally employed staff in Curacao,…

Blue Cross and Blue Shield of Kansas City and Benefitfocus Partner to Launch Private Insurance Exchange

October 24, 2012

Blue Cross and Blue Shield of Kansas City and Benefitfocus, the nation’s largest healthcare and benefits technology provider, are extending their relationship by partnering together to build a personalized private insurance exchange for Blue KC’s large group clients. Benefitfocus will provide Blue KC with a retail platform that supports defined…

Kreidler Fines Ohio Insurer $500,000

October 24, 2012

The Washington state Office of the Insurance Commissioner issued the following news release:. Insurance Commissioner Mike Kreidler is fining Ohio- based BCS Insurance Company $500,000 for issuing hundreds of thousands of policies using unapproved rates and policy language. BCS Insurance has agreed to pay the fine.

CGI Partners with Colorado Health Benefit Exchange (COHBE) to Deliver Health Insurance Marketplace for Colorado

October 24, 2012

CGI’s team of health IT experts will partner with Colorado to deliver a simple, intuitive web solution that enables customers to determine which product works best for their needs, and to inform them if they may be eligible for assistance paying for their health insurance. The new marketplace will deliver increased access and choice for individuals and small…

President of Costa Rican Company Sentenced to 60 Years in Prison for Half-Billion Dollar Fraud Scheme with Thousands of Victims Worldwide

October 24, 2012

The president of a Costa Rican company that sold reinsurance bonds to life settlement companies was sentenced today in Richmond, Va., to 60 years in prison for carrying out a half-billion-dollar fraud scheme that affected more than 3,500 victims throughout the United States and abroad, announced U.S. Attorney for the Eastern District of Virginia Neil H….

World Financial Group Reviews New Life Insurance Study

October 24, 2012

The study has received notice by World Financial Group, Inc., a financial services marketing company. World Financial Group is a company that is passionate for providing a variety of financial services, including life insurance, through its associates. World Financial Group reviews various studies and statistics regarding life insurance, and seeks to share…

Allianz wins 2012 AB+F Life Insurance Product of the Year Award

October 24, 2012

Allianz is proud to be named the winner of the Life Insurance Product of the Year Award at the 2012 Australian Banking and Finance Insurance Awards. Since then the direct market has grown significantly but Allianz continues to lead the market on value for money and ease of purchase,” Mr Towell said. Allianz Life offers customers the benefit of a dedicated team of…

New York Life Insurance Assigned Patent

October 24, 2012

ALEXANDRIA, Va., Oct. 24– New York Life Insurance, New York, has been assigned a patent developed by five co-inventors for a “family protection insurance method and system.” The co-inventors are Ron Zarrella, Woodcliff Lake, N.J., Elliot Melis, Chappaqua, N.Y., Joseph A. Petrini, Hopewell Junction, N.Y., William Morello, Kings Park, N.Y., and Youri Matiounine, White Plains, N.Y..

Wake County Insurance Agent Arrested for Allegedly Embezzling Funds

October 24, 2012

Insurance Commissioner Wayne Goodwin today announced the arrest of Leilani Arellano, 23, of 1067 Lake Wendell Road, Wendell; she is charged with five counts each of embezzlement by an insurance agent and obtaining property by false pretense, and one count of attempting to obtain property by false pretense. Department of Insurance criminal investigators…

Avoiding Home Insurance Claims: Tips For A Safer Home

October 24, 2012

A safe home is usually a claim-free home, and that means lower home insurance premiums and of course a residence that keeps people and possessions protected. To keep a home safe from potential risk factors that could cause property damage and put the people who live there at risk as well, follow these important safety tips. Especially in a home with an older wiring…

In Lexington County, Knotts-Shealy, Round 2 [The State (Columbia, S.C.)]

October 24, 2012

Jake Knotts and Katrina Shealy is about a lot of things other than the two candidates. Knotts is on the ballot as a Republican, meaning he should benefit from the thousands of straight-party-ticket voters in Republican-heavy Lexington County. More than 30,000 straight-party GOP votes were cast in 2008..

Approved Auto Insurance Hikes in Illinois May Not Reflect A Persistent Trend, InsuranceNavy Says

October 24, 2012

The recent hikes in the car insurance rates in Illinois that were filed with the Illinois Department of Insurance by insurers operating in Illinois may not be the trend, Chicago based Insurance Navy says. Companies that reported premium changes included Allied Property and Casualty Company, Amco Insurance Company, American Alliance Insurance Company,…

Olivet College’s Insurance Program for High School Students to be Featured on WILX News 10

October 24, 2012

Olivet College issued the following news release:. Olivet College’s insurance program for high school students, which is offered in partnership with the Eaton Intermediate School District Career Preparation Center and Farm Bureau Insurance, will be featured tonight at 6 p.m. on WILX News 10. The segment will also air at 10 p.m. on Fox 47 News.

Mo. State Treasurer Holding $11M in Unclaimed Life Insurance Policies

October 24, 2012

Most recently, Prudential has turned over more than $2.5 million for 810 accounts in unclaimed life insurance benefits. MetLife has turned over more than $5.8 million for 5,553 accounts. “These insurance companies did little to find the owners of these benefits…”

A.M. Best Places Ratings of Certain Subsidiaries of OneBeacon Insurance Group Under Review with Negative Implications [Professional Services Close – Up]

October 24, 2012

A.M. Best Co. has placed under review with negative implications the financial strength rating of A and issuer credit ratings of “a” of certain indirect subsidiaries of OneBeacon Insurance Group. In a release on October 19, the Company noted that additionally, A.M. Best has placed under review with negative implications the FSR of B++ and ICR of “bbb+” of Potomac…

The Hartford Rolls Out New Claims Management System [Professional Services Close – Up]

October 24, 2012

The Hartford announced that it will make significant enhancements to its claims platform to better serve customers and achieve higher quality claim outcomes and greater efficiency overall. “As The Hartford executes on its strategy to focus on its historical strengths as a property and casualty insurer and group benefits provider, outstanding claims…

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