John Bel Edwards and Medline Industries Inc. announced the company will build an 800,000- square-foot distribution center and create more than 460 new direct jobs in St. Tammany Parish, near Covington, with 170 new jobs created within two years of opening. “GNO Inc. is thrilled that Medline has chosen to invest $53 million in St. Tammany Parish to develop an…
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AM Best Obtains FINMA Recognition in Switzerland
AM Best has been recognised by the Swiss Financial Market Supervisory Authority, effective 13 December 2019, to enable Best’ s Credit Ratings to be used by insurance companies in Switzerland for the determination of capital requirements in accordance with the Swiss Solvency Test. Nick Charteris-Black, managing director, market development— EMEA, said:“ Whilst…
WINNIPEG, Manitoba, Dec. 19, 2019/ CNW/- Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term longevity reinsurance agreement with Aegon covering €12 billion of in-force liabilities. Canada Life Reinsurance offers a range of innovative risk and capital management solutions covering mortality, longevity, health and…
To help our clients manage the growing cost of prescription drugs, particularly specialty medications, Gilsbar has established an employment relationship with a pharmacist with more than 30 years of experience helping manage healthcare expenses. David Dupre will act as a professional resource and peer advisor for Gilsbar's Medical Directors when they…
Chuck Grassley, R- Iowa, chairman of the Senate Finance Committee, issued the following statement regarding the Fifth Circuit Court of Appeals ruling on the Affordable Care Act:. “In 2012, the Supreme Court upheld Obamacare, despite serious constitutional issues with the federal government forcing Americans to purchase a product from a private company.
According to the SEC's order, MetLife improperly released reserves for annuity benefits associated with MetLife' s Retirement and Income Solutions Business, which resulted in an increase in income. The SEC's order also finds that MetLife overstated reserves and understated income relating to variable annuity guarantees assumed by a MetLife subsidiary….
Kentucky Youth Advocates issued the following statement by Executive Director Terry Brooks:. As Kentucky moves forward, we must ensure changes to Kentucky's Medicaid program are simple to understand, participate in, and utilize to protect the health of children and their families. New data shows that from 2016-2018 Kentucky saw a 50 percent increase in the…
Today, EMILY's List, the nation's largest resource for women in politics, endorsed Tedra Cobb for Congress in New York's 21st Congressional District. “EMILY's List is proud to stand alongside Tedra Cobb, a passionate activist for expanding access to health care, in her race for Congress. “Tedra was inspired to run for Congress when incumbent Republican Elise…
Federal Trade Commission Chairman Joseph Simons has made two appointments to the Bureau of Competition's senior leadership team. Simons announced that, with the approval of the Federal Trade Commission, Ian Conner will assume the position of Bureau Director effective December 20, 2019. During his tenure, he has supervised multiple litigations and consent…
Washington State Attorney General Bob Ferguson issued the following statement regarding a ruling from the U.S. Court of Appeals for the 5th Circuit on the Affordable Care Act:. Republican Attorneys General, led by Texas, filed the challenge to the ACA in February 2018 in the U.S. District Court for the Northern District of Texas. In a brief filed in June 2018, the…
Motor Insurance: Council Agrees Position on Better Protection of Victims of Motor Vehicles Accidents
The Council of the European Union issued the following news release:. EU ambassadors endorsed the Council's position on rules to improve the rights of motor insurance policyholders. The proposed revision also reinforces the rules to tackle uninsured driving, harmonises minimum protection level of motor insurance's covers for personal injury and…
New York Life, America's largest mutual life insurer, and Cigna, a leading global health service company, announced that they have entered into a definitive agreement whereby New York Life will acquire Cigna's group life and disability insurance business for $6.3 billion. “This transaction increases the value we can deliver to our policy owners, strengthens…
Greg Walden, R- Oregon, ranking Republican member of the House Energy and Commerce Committee, issued the following joint statement with Rep. Virginia Foxx, R- North Carolina, ranking Republican member of the House Education and Labor Committee, after the Fifth Circuit Court of Appeals ruled that the Affordable Care Act's individual mandate is unconstitutional:.
Colorado Attorney General Phil Weiser issued the following statement on the 5th Circuit Court of Appeals ruling on the Affordable Care Act case Texas vs. “The good news from the Fifth Circuit Court of Appeals is that the key portions of the Affordable Care Act remain the law of the land. Colorado is one of the states defending the Affordable Care Act in the case.
Frank Pallone Jr., D- New Jersey, chairman of the House Energy and Commerce Committee, issued the following statement on the Fifth Circuit Court of Appeals decision in Texas vs. “Republicans took another step forward in their grand scheme to strike down the ACA, eliminate protections for pre-existing conditions and take health insurance away from tens of…
Virginia Foxx, R- North Carolina, ranking Republican member of the House Education and Labor Committee, issued the following joint statement with Rep. Greg Walden, R- Oregon, ranking Republican member of the House Energy and Commerce Committee, after the Fifth Circuit Court of Appeals ruled that the Affordable Care Act's individual mandate is unconstitutional:.
Emanuel Cleaver, D- Missouri, issued the following news release:. After a year-long effort to reauthorize the Terrorism Risk Insurance Act, United States Representative Emanuel Cleaver, II Chairman of the Financial Services Subcommittee on National Security, applauded the inclusion of the seven-year reauthorization of TRIA in the House FY2020…
The New York State Department of Financial Services issued the following news release:. The Department of Financial Services issued a circular letter to remind and instruct insurers about their responsibilities under the new Comprehensive Contraceptive Coverage Act, which will take effect on January 1, 2020. The CCCA codifies current federal preventive…
Starr Insurance Companies Appoints Carsten Nawrath as Aviation Underwriting Manager Based in Germany
The operation will write Aerospace and General Aviation business for clients across Central Europe. “Mr. Nawrath brings to Starr more than 15 years of insurance experience with a focus on general aviation,” says Andy Trundle, Chief Underwriting Officer- Aviation, Starr Insurance Companies. Mr. Nawrath will report directly to Joost Vink, Head of Europe for Starr.
