By using a range of volatility management strategies that actively respond to market conditions, the new Managed Volatility Portfolios, available with some MultiOption variable annuities, seek to provide more consistent returns over time while reducing volatility risk. According to a release, Securian’s variable annuities are issued by Minnesota Life…
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According to a release, additionally, A.M. Best has affirmed the ICR of “bbb” and debt ratings of the parent company, Montpelier Re Holdings. The ratings reflect Montpelier Re’s risk-adjusted capitalization, solid long-term operating performance, diversified business profile, good competitive position, experienced management team and enterprise risk…
During Disability Insurance Awareness Month in May, the industry focuses on disability coverage for workplace absences from injuries or illnesses, according to Unum. As a provider of group disability benefits in the U.S., Unum sees a significant number of maternity claims. Unum’s claims experience and benefits research points to some important trends:.
Matrix Absence Management, Inc.,, an integrator of insurance and absence management services, has named Paul Dube Vice President, Product Strategy and Development, a newly-created role reporting to Matrix President Kenneth Cope. Matrix is also the administrator and claims platform for Reliance Standard Life Insurance Company’s integrated disability…
According to a release, 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.
May 23– EDMOND– As rain poured this morning on disaster relief workers in the Moore and Oklahoma City areas, the Oklahoma House of Representatives unanimously approved a $45 million aid package to provide relief to those impacted by Monday’s EF-5 tornado. Senate Bill 249, which directs that $45 million from the state’s Rainy Day Fund be sent to the Office of…
FOR FURTHER INFORMATION CONTACT: Ilina Chaudhuri, 410-786-8628 or [email protected]. SUPPLEMENTARY INFORMATION: We are publishing this final rule for the Medicare Advantage and prescription drug programs to make changes as required by the Patient Protection and Affordable Care Act as amended by the Health Care and Education Reconciliation…
The Chubb Group of Insurance Companies has received approval from the New Jersey Department of Banking& Insurance to convert Chubb Custom Insurance Company into a domestic surplus lines insurance company. Designating Chubb Custom Insurance Company as a domestic surplus lines insurer allows Chubb to avail itself of the advantages for New Jersey- based…
Essex Bank, the banking subsidiary of Community Bankers Trust Corp., is consolidating operations and moving its headquarters into Deep Run III. Essex Bank will occupy 25,375 square feet in Deep Run III. Digital Benefit Advisors, a division of Atlanta- based Digital Insurance Inc., will move this summer into 13,057 square feet.
The plans reflect a mix of large non-profit and commercial plan leaders, along with well-known Medi-Cal and regional plans. The rates submitted to Covered California for the 2014 individual market ranged from two percent above to 29 percent below the 2013 average premium for small employer plans in California’ s most populous regions. “This is a home run for…
May 23– Josh Parish hopes when people see the name Northwestern Mutual Insurance, they won’t think of only life or disability insurance policies. “Our service is a planning culture, not a selling culture,” said Parish, field director and financial adviser at the new office of Northwestern at Carroll Creek Plaza. He heads a staff of eight financial advisers and five…
SAN FRANCISCO, Calif./ California Newswire/– Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage and consultancy, announced today their release of the first in a series of Healthcare Engagement Videos. EPIC is providing the videos with production support from GuideSpark, a digital employee…
Lynn L. Marine-Adams, Esq., is an outstanding attorney with her primary practice in Wayne County. She obtained a B.A. in Psychology and Communication from the University of Michigan, and then attended the Ohio State University Moritz School of Law. An active member of the Wayne County Probate Court system, Marine-Adams has served as a board member of the Probate and…
April 22, 2013- It was a night of a thousand stars as the Greater Los Angeles African American Chamber of Commerce celebrated its 20th Anniversary Economic Awards Dinner. Assistant Secretary of Commerce, Manufacturing and Services gave the keynote address and Anne Shen Smith, Chairman and Chief Executive Officer for Southern California Gas Company spoke on…
Everybody wants to go to heaven but nobody wants to die. Death is one of those subjects that we tiptoe around. The reality is death is a certainty of life.
Gov. Snyder signs Blue Cross conversion bills. More policy options, better pricing- that’s what Michigan consumers can expect to see following the signing of Senate Bills 61 and 62 which enable Blue Cross Blue Shield of Michigan to transition to the status of a nonprofit mutual insurer. “This is a big day for Michigan because Blue Cross is a critically important…
As previously announced, on May 14, 2013, Ally Financial Inc., on behalf of itself and certain of its subsidiaries entered into a Plan Support Agreement with the Debtors, the official committee of unsecured creditors appointed in the Debtors’ Chapter 11 cases, and certain creditors, including AIG Asset Management, LLC; Allstate Insurance Company; Financial…
Finicity, creator of Mvelopes budget management product, today announced complete integration of Mvelopes financial management technologies within Fa-cio SM, a new service offered by Intersections Insurance Services Inc., provider of membership services and insurance products and subsidiary to Intersections Inc.. “While other personal finance tools…
Excalibur Insurance Group launched a mobile website because it knows that people want quick and easy access to insurance information no matter where they are– at home, at work or on the go. Here, those on the go can quickly find information and answers to frequently asked questions covering various types of insurance including London Auto Insurance.
