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Cassidy, Vitter, Richmond, Grimm, Pascrell, Palazzo Start Home Protection Caucus To Make Flood Insurance More Affordable

May 20, 2013

WASHINGTON- Today, Congressman Bill Cassidy M.D., along with Co-Chairmen Senator David Vitter and Congressmen Cedric Richmond, Michael Grimm, Bill Pascrell and Vice-Chairman Steven Palazzo announced the creation of the bi-cameral, bi-partisan Congressional Home Protection Caucus. Unfortunately, it has been implemented in a way by FEMA to make the…

Erie clinic offers discounted hearing aids [Erie Times-News, Pa.]

May 20, 2013

A new program created by UnitedHealth Group and offered locally by McLaughlin promises high-quality hearing aids for as low as $340. The hearing aids are available through a collaboration of two UnitedHealth Group companies: health insurer UnitedHealthcare and hi HealthInnovations, a nationwide group of audiology clinics. UnitedHealth Group uses its…

Physicians, health administrators wary of for-profit insurers in Medicaid reform [Winston-Salem Journal, N.C.]

May 20, 2013

May 20– Through all the clamoring surrounding the state’s latest Medicaid reform effort, one message is coming through loud and clear from physicians and administrators: Let North Carolina providers resolve Medicaid financial and operational issues, not for-profit insurers and out-of-state providers. Aldona Wos, head of the N.C. Department of Health and…

News Tips for May 18-24, 2013

May 20, 2013

Monday, May 20, 8 a.m. MDT, Rapid City- The South Dakota Board of Education will meet on the campus of West ern Dakota Technical Institute. Monday, May 20, 10 a.m. CDT, State Capitol, room 413, Pierre- The Legislature’s interim Rules Review Committee will review rules proposed by the Bureau of Administration; Department of Agriculture: South Dakota Animal Industry Board…

iCan Benefit Expands to Miramar

May 20, 2013

iCan Benefit Group, a dynamic leader in affordable health insurance and lifestyle benefit solutions, has announced plans to hire 130 health insurance agents at their new 10,000 square-foot Miramar call center. The Florida- based company has been expanding rapidly as it positions itself to help those Americans left behind by the Affordable Care Act.

Museum holds open house on N.C. Mutual’s history [The Herald-Sun, Durham, N.C.]

May 20, 2013

May 20– DURHAM– Durham’s history museum opened its doors Sunday afternoon to let people share memories of N.C. Mutual Life Insurance Co. as it marks its 115- year anniversary. One of those was 77- year-old Connia Watson, who worked for the Durham- based insurance company for more than 30 years, starting in 1958. He began as a sales agent at Mutual’s Asheville office…

Local awards recognize sterling workplaces [Richmond Times-Dispatch, Va.]

May 20, 2013

Companies in the Richmond area that create sterling workplaces will be recognized at a ceremony Wednesday evening at the University of Richmond. The awards are sponsored by Richmond SHRM, a chapter of the national Society for Human Resource Management, with the Greater Richmond Chamber and the Richmond Times-Dispatch. “It’s a place where you can proudly say…

A.M. Best: Affirms Rating of Kinsale Insurance Company [Professional Services Close – Up]

May 20, 2013

Effective immediately A. M. Best Company has affirmed Kinsale Insurance Company’s financial strength rating of A- and the issuer creditor rating of a-. Chief Executive Officer Michael Kehoe commented, “Kinsale achieved record profitability and premium volume in the first quarter due to disciplined underwriting, rigorous expense control and superior…

A.M. Best Revises Outlook to Stable for Gulf Guaranty Life Insurance [Manufacturing Close – Up]

May 20, 2013

In a release on May 15, A.M. Best noted that the revision to the outlook reflects higher volatility in Gulf Guaranty Life’s net income, with losses occurring in three of the last five years including 2012. The modest operating performance reflects weak underwriting performance, modest investment returns and relatively flat credit insurance sales in recent…

Cigna to Adopt the California Maternal Mental Health Collaborative 2020 Mom Project Recommendations [Professional Services Close – Up]

May 20, 2013

The California Maternal Mental Health Collaborative, a non- profit organization committed to increasing and improving maternal mental health awareness, diagnosis and treatment, announced that Cigna is the first health service company to adopt the 2020 Mom Project’s, Health Insurer recommendations. The announcement was made on the heels of the official…

Ally Financial Agrees to Settlement Resolving ResCap-Related Matters [Professional Services Close – Up]

May 20, 2013

Ally Financial Inc. announced that it has entered into a comprehensive plan support agreement with the Residential Capital, LLC estate and its major creditors to support a Chapter 11 plan in ResCap’s Chapter 11 cases. According to a release, the plan will settle all existing and potential claims between Ally and ResCap and all potential claims held by third…

Allied World Names John Patin as Senior Vice President, Investments [Professional Services Close – Up]

May 20, 2013

Patin will be based in Allied World’s New York office and will report directly to John Gauthier, Chief Investment Officer for the holding company and President of Allied World Financial Services. Gauthier commented, “We are very excited that John has joined Allied World’s investment team. Prior to joining Allied World, Patin was Vice President of Investments…

Man goes from client to defendant in lengthy courtroom drama [Milwaukee Journal Sentinel]

May 19, 2013

May 20– What started as a routine legal matter has turned into a nightmarish and costly courthouse roller coaster for Mark Halbman, a Menomonee Falls man who is still in court 13 years after injuring his neck in a traffic accident. Then, despite winning a second jury award– this time for about $30,000 from Farmers Insurance Group– Halbman has been unable to collect…

T. Boone Pickens at 85: Energy mogul talks about his life, legacy and why he can’t retire [Tulsa World, Okla.]

May 19, 2013

A computer screen with red and blue charts sits behind his desk, tracking the performance of his energy commodities fund, BP Capital. One of the country’s richest men, the Texas oil and gas mogul from Holdenville has a net worth estimated by Forbes Magazine at $1.2 billion. Pickens says he has donated almost as much as he’s now worth, including $525 million to…

Belleville Memorial Hospital takes on nation’s largest insurer [St. Louis Post-Dispatch]

May 19, 2013

May 19– Belleville Memorial Hospital and UnitedHealthcare are moving toward a showdown next month over hospital and physician reimbursement rates. “We’re certainly struggling over the same dollar,” said Joe Lanius, Memorial’s chief financial officer. The May 10 letter, signed by Memorial Chief Executive Mark Turner, encourages patients to talk to their…

Dieterle Named to Olivet College Board of Trustees

May 19, 2013

Olivet College issued the following news:. Michael Dieterle has been named to the Olivet College Board of Trustees, according to an announcement by David Hayhow, board chair. He has been involved with the Olivet Insurance Advisory Board for a number of years, and has employed many Olivet College insurance students upon their graduation.

Olivet College and Accident Fund Collaborate to Establish Certified Authority on Workers’ Compensation program

May 19, 2013

Olivet College issued the following news:. Olivet College recently partnered with Accident Fund Insurance Company of America to create the Certified Authority on Workers’ Compensation program. “Obtaining the CAWC designation allows agents and producers to quickly become experts in the workers’ compensation industry, giving them a competitive edge in the…

Admiral announces new insurance discount offered for electric cars

May 19, 2013

Admiral is offering a discount of up to 10% for electric cars such as the Nissan Leaf and Peugeot iOn. Admiral managing director, Sue Longthorn, commented: “Electric cars are becoming more popular, with new models being launched all the time. Admiral, launched in 1993, and is part of Admiral Group plc.

A.M. Best Revises Outlook to Positive for Louisiana Medical Mutual Insurance Company [Professional Services Close – Up]

May 18, 2013

LAMMICO also benefits from favorable tort reform laws in its core state of Louisiana, which recently were upheld by the state Supreme Court. LAMMICO is the dominant provider of medical professional liability insurance in Louisiana and is thoroughly familiar with the risks of its insureds in the state. Louisiana has a Patient’s Compensation Fund that is…

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