OneBeacon Insurance Group, Ltd. today announced it has entered into definitive agreements to terminate its exclusive underwriting arrangement with Hagerty Insurance Agency and to sell Essentia Insurance Company to Markel Corporation. Said OneBeacon CEO Mike Miller, “We have partnered with Hagerty for the past five years, but were unable to reach mutually…
Newswires
Guidewire Software, Inc. a provider of flexible core system software to Property/Casualty insurers, today announced that its customers have successfully completed more than 100 core system replacement projects, marking a milestone in the company’ s history. “We congratulate our customers on their success transforming their businesses,” said Marcus Ryu,…
Pittsburgh health insurer Highmark will acquire Saint Vincent Health System, Erie’s largest hospital, in a deal that will give Highmark control of Saint Vincent’s board of trustees in exchange for $65 million over three years…
Michigan may lose big under a rushed proposal being forced through the legislature to privatize state-owned health insurer Blue Cross Blue Shield of Michigan. The Senate Insurance Committee is scheduled to vote today on two bills to privatize BCBS…
The new contract was announced this week by the Gold Coast Health Plan, which administers Medi-Cal for 100,000 people in Ventura County. It gives Clinicas del Camino Real more Medi-Cal compensation in return for more responsibilities and an increased share of financial risks previously shouldered by Gold Coast. In the new contract, Gold Coast pays Clinicas a…
Although only 13 other states enjoy higher Medicare Advantage participation rates than Idaho, more than 70 percent of Gem State residents who are eligible to enroll do not actually opt in despite compelling advantages. While some folks are unaware of Medicare Advantage or think they simply can’ t afford it, Blue Cross of Idaho says the lion’ s share of those who…
Celent issued the following news release:. In the report, The French Market for Online Car Insurance: Current Situation and Perspectives in Light of Google Search Queries and the UK Experience, Celent provides an analysis of the current situation as well as our expectations regarding the development of the French market for online car insurance.
An employee of the Employment Development Department and two others were arrested today for a scheme to defraud the EDD Disability Insurance Program. According to the indictment, Simeon Gregory used her position as an EDD Disability Insurance Program…
eSecuritel, a Brightstar Corp. company, announced today that Mobi PCS, the first in-store, flat-rate wireless carrier in Hawaii, is offering eSecuritel’ s device protection program to its subscribers through the 50 Mobi PCS locations throughout the state. Family plans start at just $69.99 monthly for two lines, with additional lines from just $9.99 and…
Allstate issued the following news release:. These are just a few examples of the mayhem you’ll face in Allstate’s “Life’s Unpredictable” online game, which uses play to help people consider their life insurance needs. In a brainstorming session, Allstate employees suggested that we develop this game as a fun way to help people think about a serious subject.
As a member of NAPEO, HR Strategies had the opportunity to have Jim Beesley, CEO; Georgiana Britt, VP of Operations; Russ Berkhan, VP of Sales; and Will Beesley, Business Development Manager, attend the 2012 Annual Conference. During the three day conference, PEO’ s from around the country gathered for educational sessions and discussion forums related to the PEO…
Oct. 17– American Indian tribes are interested in getting into the insurance business in Oklahoma, but the state must be willing to treat them equally as sovereign governments, tribal leaders told a legislative committee Tuesday. My perception is that many tribal leaders in the past and even some in current times has been that the states, including Oklahoma, are…
Third-party logistics provider Kane Is Able, Inc. has been awarded the Risk Control Safety Award from the IWLA Insurance Company, which is made up of members of the International Warehouse Logistics Association. Susan Hauser, AIC, is Division Vice President of Risk Management of Artex Risk Solutions, which administers the program for the IWLA Insurance…
Oct. 17– MANCHESTER– The warrant for Brett D. Bednarz’s arrest on charges that he murdered his mother and two of her friends in East Hartford nearly two years ago describes a long police investigation during which detectives worked to link their person of interest in the killings to the evidence they recovered at the bloody crime scene. Bednarz, 48, was dressed in…
Topeka’s St. Francis Health Center and its affiliated facilities and physicians will no longer be part of the Blue Cross and Blue Shield of Kansas network effective Jan. 1, Blue Cross announced Tuesday on its website. Francis officials have sent a cancellation letter to Blue Cross, said Mary Beth Chambers, manager of corporate communications for Blue Cross.
Florida’ s medical malpractice carriers earned an average of 40 percent profit during the last five years, according to a report by Towers Watson. Nationally, malpractice carriers averaged a profit of 31 percent, according to Towers Watson– nearly 9 percent less than Florida’ s malpractice insurers. Meanwhile, patients received very little of the malpractice…
At its regularly scheduled meeting, the Board of Directors of Transatlantic Reinsurance Company, an indirect wholly owned subsidiary of Alleghany Corporation, elected the following officers:. Transatlantic Reinsurance Company, an indirect wholly-owned subsidiary of Alleghany Corporation, is a leading international reinsurance organization…
By trusting in Trust GDC, a Missouri insurance agency, and the agency’ s new public entity insurance program– which offers coverage for municipalities, including cities, towns, townships and villages with populations under 100,000, in addition to counties with populations under 500,000, utility districts, fire districts, and special taxing districts– public…
A.M. Best Co. has upgraded the financial strength rating to B++ from B+ and issuer credit rating to“ bbb” from“ bbb-” of Illinois Mutual Life Insurance Company. The outlook for both ratings is stable. A.M. Best notes that Illinois Mutual’ s fixed-income investment portfolio is currently in a large net unrealized gain position and investment losses have dramatically…
