As the storm continues to move from state to state throughout the nation, Insurance Calculator Inc. has taken the initiative to help consumers in the recovery process. “It is time for us to maintain and live out one of our core values- to ensure that people and their assets are protected,” said Eric Macaluso, CEO of Insurance Calculator Inc. “Our staff has been…
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Although this premium increase follows an 8.9 percent increase last year and a 7.8 percent increase in 2010, rates in Florida are still 56 percent lower than what businesses paid a decade ago, according to the state. According to Florida business insurance provider The Campbell Agency/Work Comp Specialists, the proposal will also increase your split point…
A survey by management consultants and risk experts Corven interviewed over 30 chief risk officers across the major companies in the financial services sector. It focused on managing operational risks, such as money-laundering, dishonest LIBOR trading, mis-selling PPI, rogue trading, and major system failures. These other industries have over decades…
As allowable options slowly expand, the debate continues about whether’ compensation for volunteers’ is an oxymoron. Ask CUES member Richard T. Webb, president/CEO of $100 million, 11,300 member Atlantic Financial Federal Credit Union, Hunt Valley, Md., whether directors should be compensated beyond reimbursing them for insurance or iPads, and he’s likely to ask, “…
Review insurance coverage carefully in an era when any disaster seems possible. Murphy’s law-anything that can go wrong will-seems to have been unleashed in the financial services industry over the last few years. *The credit union is negotiating with an employee who signed up for but was never properly enrolled in the health care insurance program, a mistake…
Oct. 30– William van den Hurk sat anxiously in the waiting room at Hawaii Veterinary Vision Care in Honolulu last week as his beloved pet dog, Annie, was being examined. He had flown Annie to Honolulu from Hawaii island to see Maya Yamagata, the only animal eye specialist in the state. Van den Hurk, president and CEO of Aloha Auto Group, does not have pet insurance for any…
On October 29, 2012, Flagstone Reinsurance Holdings, S.A. issued a Press Release reporting its financial results for the quarter ended September 30, 2012 and the availability of its corresponding Investor Financial Supplement relating to its financial results for the quarter ended September 30, 2012. Copies of the Press Release and the Investor Financial…
Oct. 30– Yogis in Cedar Rapids can stop sweating– or perhaps start sweating– the need for a local studio committed to the Bikram discipline. McClelland decided to act on this potential demand after learning in September 2010 that she would be among those laid off from Principal Financial, where she worked in the medical insurance division. By the time McClelland…
TORONTO, Oct. 30, 2012/ PRNewswire/-. Foresters shares its financial strength with over one million members in Canada, the United States and the United Kingdom. Foresters™ is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1 T9; its subsidiaries are licensed to use this mark.
IronHealth, the specialty healthcare unit of Ironshore Inc., has announced the launch of two financial risk products designed for healthcare organizations: Provider Excess Insurance and HMO Reinsurance. In addition, the healthcare reform environment has resulted in the creation of new types of managed care organizations and healthcare financing…
SAS Institute issued the following news release:. The oldest US mutual insurer of automobiles, Amica prides itself on exemplary customer service. “Like Amica, SAS has a great reputation for customer service,” said Yiguang Qiu, Marketing Officer at Amica. “
This series serves as Hyatt’s new menu roll-out in their select service brands, Hyatt Place and Hyatt house. Created over the span of three weeks, and including production in Chicago and Washington D.C., the series will reach tens of thousands of employees. Continuing alongside a recent commercial purchase by the Chicago White Sox, Absolute continues to service…
Insurance and risk management majors Amy Weston, a senior from Eaton Rapids, and Eric Dawdy, a freshman from Holt, recently earned the recognized and respected Associate in General Insurance designation, awarded through The Institutes, located in Malvern, Pa.. The AINS designation is conferred to participants who demonstrate a comprehensive knowledge of…
According to National Highway Traffic Safety Administration, 18% of all deer-related automotive accidents happen in November. First Chicago Insurance Company offers motorists tips to avoid this costly form of auto collision. “The number of deer-related claims paid by First Chicago Insurance Company, and other auto insurance carriers who insure motorist…
Vantage Health Plan, Inc., a Louisiana- based Health Maintenance Organization formed by physicians, has successfully implemented the ACUITY™ care management system to support their patient-centered medical home model. Gary Jones, medical director and CEO of Vantage.“ We need a system that supports more structured and repeatable processes, thus lowering…
Genworth Financial, Inc. announced changes to its life insurance portfolio designed to update and expand its product offerings and further adjust pricing to reflect the current low interest rate environment and recent regulatory changes. According to a release, Genworth is launching a new traditional term life insurance product Colony Term 10, 15 and 20,…
David Demmon has joined PALIG as VP, Controller and Chief Accounting Officer; Alywin Fruge has come to PALIG as VP of Internal Audit and Richard Mabry as VP, Corporate Tax. “The deep industry knowledge and expertise of these five executives further strengthens Pan-American Life’s finance team, and the Group’s commitment to financial security for our…
A.M. Best noted that the Federal Reserve has indicated that interest rates will remain at historically low levels through at least mid-year 2015, based on the most recent Federal Open Market Committee statement. Life and annuity writers are at particular risk…
CHICAGO, Oct. 29, 2012/ PRNewswire/– Lockton, the world’s largest privately held insurance broker, has named Tom Schaffler as President of its Chicago operation. “Tom Schaffler has distinguished himself as a leader and client advisor during his 13 years with Lockton,” said John Lumelleau, President and CEO of Lockton. ” Our clients value his expert counsel and our…
