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A.M. Best Upgrades Ratings of Delvag Luftfahrtversicherungs-AG and Delvag Rueckversicherungs-AG

June 28, 2012

Best Europe– Rating Services Limited has upgraded the financial strength rating to A from A- and the issuer credit ratings to“ a” from“ a-” of Delvag Luftfahrtversicherungs-AG and its subsidiary, Delvag Rueckversicherungs-AG. The ratings also take into account Delvag’ s role as the insurance captive of Lufthansa German Airlines, its ultimate parent.

Horizon Blue Cross Blue Shield of New Jersey Statement on United States Supreme Court’s Ruling on the Affordable Care Act

June 28, 2012

About Horizon Blue Cross Blue Shield of New Jersey. Horizon Blue Cross Blue Shield of New Jersey, the state’ s oldest and largest health insurer, is a tax-paying, not-for-profit health services corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is an independent licensee of the Blue Cross and…

TROUBLE BREWING: THE RISKS OF RUNNING A CRAFT BREWERY [Risk Management]

June 28, 2012

It begins with a starry-eyed dream. In the 1870 s, there were 3,200 breweries in the United States. The Boulder, Colorado- based Brewers Association defines a craft brewer as “small, independent and traditional.”

FOREIGN CORRUPT PRACTICES ACT CLAIMS [Risk Management]

June 28, 2012

With FCPA enforcement on the rise, companies must be protected. Through increased enforcement of the FCPA, the United States is better defining the sometimes blurry line between acceptable business practices and illegal corruption. Presenting a Chinese diplomat with a bottle of local Kentucky bourbon as a gesture of thanks for his hospitality should not be…

Forced to find new lender, insurance agent finds refuge in SBA loan [Business Journal, The (Central New York)]

June 28, 2012

Jay E. Mack, CEO of the Mack, Mack& Waltz Insurance Group Inc., thought his company was doing well in 2010, but then he got a call from his bank. The Deerfield Beach, Fla.- based insurance brokerage was current on its credit line, but the bank didn’t want its business. His company had purchased a building in 2007 and then made a significant acquisition in 2009, bringing on…

New LendingQB Integration Performs Continuous Automatic Mortgage Compliance Audits from POS to Closing [California Newswire]

June 28, 2012

COSTA MESA, Calif./ California Newswire/– LendingQB, a provider of seamless mortgage lending technology, announced that it completed an integration with ComplianceEase, the leading provider of mortgage compliance and risk management solutions. LendingQB integrated ComplianceEase’s ComplianceAnalyzer (R) product with its end-to-end loan origination…

MassMutual Retirement Services Launches Newest Version of Fiduciary Guide

June 28, 2012

MassMutual’ s Retirement Services Division is pleased to announce the launch of its newest Fiduciary Guide. MassMutual’ s ERISA Advisory Services team offers ready access to knowledge and experience fiduciaries can use to help effectively manage their retirement plans, “adds Leverson. The other, MassMutual’ s Fiduciary Calendar, is current with important…

PROASSURANCE CORP FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

June 28, 2012

REGULATION FD DISCLOSURE On June 27, 2012 we announced two proposed transactions. Our first announcement is that Medmarc Insurance Group has agreed to become part of ProAssurance through a proposed $153.7 million, all cash, sponsored demutualization that will provide Medmarc’s eligible Members with cash payments of $146.2 million and future policy…

BRIEF: City must pay for health centers [Philadelphia Daily News]

June 28, 2012

Health Department spokesman Jeff Moran said that the estimated cost of running the centers for fiscal year 2011 was $59.7 million, up from $58.2 million the year before. The city paid $36.7 million of the bill, with the rest covered by state and federal sources, patient fees and medical insurance, and Medicaid and Medicare reimbursement. Revenue can do one or two…

Amy Berezein Appointed VP, Underwriting, Conventus

June 28, 2012

NIP Management Co., LLC, the Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce that Amy Berezein has joined the Conventus management team as Vice President of Underwriting. Conventus is the only 100% physician-owned and governed company offering medical professional liability insurance coverage for New Jersey…

Insurance Execs Say Slow Growth and Regulatory Pressures Are Driving Focus on Improved Operational Efficiency and Technology, KPMG Survey

June 28, 2012

NEW YORK, June 28, 2012/ PRNewswire/– Insurance executives expect to focus much of their time and energy during the next two years on improving their organization’s operational processes, navigating through regulatory changes, and enhancing technological capabilities in response to continued slow growth in the insurance sector, according to a recent…

Northwestern Mutual offering “real world” financial expert career experience to 3,000 college students in 2012

June 28, 2012

To keep pace with consumer demand for financial security guidance, Northwestern Mutual is embarking on its largest-ever recruiting effort in 2012, aiming to add more than 3,000 financial representative interns and 2,000 financial representatives this year. Compared to the same time last year, Northwestern Mutual’s internship recruitment is up 16…

Elephant Insurance Selects Guidewire Solution for Rating, Underwriting and Policy Administration

June 28, 2012

RICHMOND, Va.& SAN MATEO, Calif.—- Elephant Insurance, a direct-to-consumer writer of automobile insurance, and Guidewire Software, Inc., a provider of core system software to Property/Casualty insurers, today announced that Elephant Insurance has selected Guidewire PolicyCenter ® as its new rating, underwriting and policy administration management system.

House Ways and Means Subcommittee on Social Security Hearing

June 28, 2012

Thank you for providing the Association of Administrative Law Judges the opportunity to submit this statement. I am a United States Administrative Law Judge assigned to the Social Security Administration. I have also served as Administrative Law Judge for the National Labor Relations Board for one and one-half years.

House Ways and Means Subcommittee on Social Security Hearing

June 28, 2012

I am Professor of Practice in Administrative Law at American University’s Washington College of Law, where I have taught since 1996. As noted in my biography, from 1975-1995 I worked as an attorney and then as Research Director at the Administrative Conference of the United States and am now also serving as Special Counsel at the revived ACUS.

House Ways and Means Subcommittee on Social Security Hearing

June 28, 2012

Testimony by Ethel Zelenske, Director of Government Affairs, National Organization of Social Security Claimants’ Representatives, on behalf of the Consortium for Citizens with Disabilities Social Security Task Force. Chairman Johnson, Ranking Member Becerra, and Members of the Subcommittee, thank you for the opportunity to provide testimony for this…

CONTRACT AWARD – R– Delivery of Title Evidence and Title Insurance Policy GM Plant Facility – Tinker Air Force Base, Oklahoma

June 28, 2012

Office: U.S. Army Corps of Engineers. Office Address: DEPARTMENT OF THE ARMY, U.S. ARMY CORPS OF ENGINEERS, USACE DISTRICT, TULSA, ATTN: CESWT-CT, 1645 SOUTH 101 ST EAST AVENUE, TULSA, OK 74128-4609. Subject: R– Delivery of Title Evidence and Title Insurance Policy GM Plant Facility- Tinker Air Force Base, Oklahoma.

Manulife, one of the world’s leading life insurance companies, is now in Cambodia

June 28, 2012

PHNOM PENH, Cambodia, June 28, 2012/ PRNewswire/- Manulife Financial today announced the official opening of its head office in Phnom Penh, Cambodia. In his Keynote Address, Bob Cook, Senior Executive Vice President and General Manager, Asia, said, “In the month in which we celebrate our 125 th global anniversary, we find it so fitting to start this new and exciting…

Chiliad Inc. Names Thomas R. Sobocinski National Healthcare Executive; Brings More Than 30 years Experience in Healthcare Provider and Insurance Industries

June 28, 2012

Chiliad Inc., the leader in iterative discovery solutions for big data analytics, today announced the appointment of Thomas R. Sobocinski as National Healthcare Executive. He was also Chairman of the Board for Abri Health Plan Inc., a Medicaid managed care organization, and Regional Director for Kindred Healthcare, Inc., a diversified provider of post-acute…

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