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Newswires

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MediBid.com Empowers Physicians to Expand Their Fee for Service Practice with New Online Portal

December 30, 2009

With over 45 million uninsured in the United States and a healthcare debate raging hotly over President Barack Obama’s plans…

GilsbarPRO & CNA Now Offer Professional Liability Insurance to North Carolina Attorneys

December 30, 2009

GilsbarPRO, one of CNA’s largest administrators of their Lawyers Professional Liability Insurance Program, announces that it is now offering coverage…

M&A Navigator: Deal pipeline – 29 Dec 2009

December 30, 2009

The following is a list of deals covered in detail by M&A Navigator this week: – BANK AUSTRIA OFFLOADS REAL…

Indigent care providers unsure of what to expect with health care changes [Carlsbad Current-Argus, N.M.]

December 30, 2009

Dec. 30–CARLSBAD — As Congress draws closer to passing health care legislation that will require nearly all Americans to get…

CIGNA”S CoachRx … A Prescription for Better Health

December 30, 2009

CIGNA'S CoachRx … A Prescription for Better Health CIGNA'S CoachRx … A Prescription for Better Health CIGNA Takes a Bite…

Florida OIR Sought Potential Buyers for Magnolia Insurance

December 29, 2009

Florida Insurance Commissioner Kevin McCarty has called the financial troubles of Magnolia Insurance Co. “unfortunate” and said that his office…

Chris Nicholls, Director of Sales, Long Term Care Division and Rich Danese, Manager Sales Support and Administration

December 29, 2009

<p align=”justify”><font color=”#000000″ size=”3″></font><span style=”font-family: Arial”><span style=”font-size: 10pt”> </span></span></p>
<p align=”justify”><span style=”font-family: Arial”><span style=”font-size: 10pt”><em>To:  All of our Valued Associates </em></span></span></p>
<p align=”justify”><span style=”font-family: Arial”><span style=”font-size: 10pt”><em>From: Kevin J. Shields, President</em> </span></span></p>
<p align=”justify”><span style=”font-family: Arial”><span style=”font-size: 10pt”><strong>December 21st, 2009</strong></span></span></p>
<p align=”justify”><span style=”font-family: Arial”><span style=”font-size: 10pt”>It is my pleasure to announce that Chris Nichols will be joining our company on December 21, 2009 in the position of Director of Sales, Long Term Care Division.

Two Life Insurers Back to Business in Florida After Resolving Issues With Regulator

December 29, 2009

Two companies that sell life insurance in Florida agreed to a consent order with the Florida Office of Insurance Regulation…

Former Aon Chairman Backs MGU Start-Up

December 29, 2009

The founder and retired executive chairman of Aon Corp. is investing in a new managing general underwriter that will specialize…

Ace Consolidates Commercial and Inland Marine Units

December 29, 2009

Copyright 2009 A.M. Best Company, Inc.All Rights Reserved

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<span class=”headline” align=”LEFT”>Ace Consolidates Commercial and Inland Marine Units<br>

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Meg Green
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PHILADELPHIA
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<P></P>Ace Group is consolidating its commercial marine and inland marine business units in Ace USA, its U.S.-based retail operating division, to better meet the global needs of its customers.

Frankel Gets New Attorney for Appeal

December 29, 2009

Martin Frankel, the fraudulent financier who was sentenced to nearly 17 years in prison for stealing more than $200 million from seven insurance companies in the 1990s, has been appointed a new attorney for his appeal case.

John Hancock Settles ‘Leaseback’ Dispute

December 29, 2009

A federal court in Indiana has approved a settlement of litigation between John Hancock Life Insurance Co. and Hoosier Energy Rural Electric Cooperative involving a “leaseback” transaction. A leaseback, also known as a sale and leaseback, generally refers to the sale of an asset to a new party, and the leasing of that asset from the new owner by the previous owner.

Department of Homeland Security Documents and Publications

December 29, 2009

Agency Information Collection Activities: Submission for OMB Review; Comment Request, 1660-0081; National Flood Insurance Program (NFIP) Mapping Needs Update Support…

N.Y. Orders Two Insurers to Offer Homeowners Renewals

December 29, 2009

Copyright 2009 A.M. Best Company, Inc.All Rights Reserved

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<span class=”headline” align=”LEFT”>N.Y. Orders Two Insurers to Offer Homeowners Renewals<br>

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Sean P Carr
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NEW YORK
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<P></P>New York State insurance regulators ordered two insurance companies to offer to reinstate 260 homeowners policies it says were improperly canceled or nonrenewed.

Allstate Sues Michigan Medical Billing Company

December 29, 2009

Copyright 2009 A.M. Best Company, Inc.All Rights Reserved

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<span class=”headline” align=”LEFT”>Allstate Sues Michigan Medical Billing Company<br>

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Chad Hemenway
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DETROIT
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<P></P>Allstate Corp. is suing a Michigan medical billing company and others for allegedly taking part in a “scheme” to commit insurance fraud that cost the insurers more than $680,000.

MassMutual Settles College Savings Probe for $77.2M

December 29, 2009

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OppenheimerFunds Inc. has resolved an investigation by Illinois alleging the company mismanaged an underlying fund in the state’s 529 college savings plan program, known as Bright Start…</span></span></span>

Stock Watch: ETGF, MDFI, GFGU & COVR

December 29, 2009

New York, NY — Element 21 Golf Company (OTCBB:ETGF); MedeFile International, Inc. (OTCBB:MDFI); Getfugu, Inc. (OTCBB: GFGU); Cover-All Technologies Inc….

NAIC Releases Annual Homeowners Insurance Report

December 29, 2009

WASHINGTON, D.C. (Dec. 29, 2009) — The National Association of Insurance Commissioners (NAIC) today released its 2007 Homeowners Insurance Report,…

Praeger OKs sale of PHS to Coventry

December 29, 2009

Dec. 29–Kansas Insurance Commissioner Sandy Praeger said Monday that she has approved the sale of Preferred Health Systems to Coventry Health Care. The approval was signed Dec. 24 and follows hearings in Wichita earlier this month.

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