May 30– Florida regulators hit the state’s largest private insurer, Universal Property& Casualty Insurance Co., with a $1.26 million fine Thursdayfor practices including claims denials spotlighted by The Palm Beach Post. Some state officials called it a win for consumers, though homeowner Bill Lutz of Hobe Sound said a lot of people suffered before…
Newswires
Contract OK’d for Manchester’s school paraprofessionals [The New Hampshire Union Leader, Manchester]
May 30– MANCHESTER– The school board has approved a new contract with the district’s paraprofessionals that will require them to make greater contributions for their health care and tie their salary raises to the tax cap. At the same time, Ward 10 board member John Avard, who chairs the board’s negotiations subcommittee, acknowledged that it had officially…
May 30– Allstate Corp. has confirmed that unspecified job fluctuations have recently affected its Roanoke County office, one of the region’s largest private employers with about 900 workers. Adam Polak, a spokesman for the Northbrook, Ill., insurer, said by email that the policy administration department has eliminated “some positions,” while the company has…
HOUSTON, May 30, 2013– HCC Insurance Holdings, Inc. today announced the hiring of Francis P. Tricamo, Sr. to lead the Company’s new Construction Property Risks Division based in New York. Mr. Tricamo has over 35 years of property insurance and reinsurance experience, including 10 years in loss control, and holds a B.S. in Sciences from St. Francis College and an…
As previously announced, on April 1, 2013, we became the successor issuer to Genworth Holdings, Inc., formerly named Genworth Financial, Inc.. This Current Report on Form 8- K is being filed to revise the historical financial statements and other disclosures contained in Old Genworth’s Annual Report on Form 10- K for the year ended December 31, 2012 to reflect:…
MetLife said it has eliminated about a third of its advisor jobs, or approximately 2,500 positions, since early 2012…
May 30– The residents of the area referred to as Zone A are holding a meeting at 11 a.m. Saturday at 1015 N. Wilson Place to discuss the on-going issue of paying for flood insurance in an area that is not really considered a flood risk area any longer. “The realtor and I checked and were advised Zone A was going to change and wasn’t going to be listed under a flood zone by…
A native of Chicago, Cavanaugh joined Erie Insurance Group in 2008 as president and CEO after a distinguished 33- year career with the Chubb Group of Insurance Companies. Under Cavanaugh’s leadership, Erie Insurance has grown property and casualty direct written premium by 22 percent and boosted policyholder surplus by 32 percent. ERIE was named a J.D. Power…
A group of fourth-year university students from Ryerson’ s Digital Media Zone has recently completed a project for KANETIX, Canada’ s largest online insurance and financial services comparison website. Committed to driving innovation in online financial services, KANETIX approached the Digital Media Zone to explore a partnership that would allow the…
Jail Sucks Bail Bonds is now a 24 hour a day/7 days a week, statewide service after having added Snohomish and King Counties to it’s list of counties served. With only four offices in Chehalis, Kelso, Everett and Yakima, local agents not in those areas are able to operate from their mobile headquarters. This cuts down on overhead and allows Jail Sucks to charge the…
While the world awaits your big day, Denver radio listeners have their ears clearly tuned in to an upcoming arrival much closer to home: KS107.5′ s beloved morning show personality Kathie J. is expecting her own little princess, and has selected Swedish Medical Center as her preferred birthing center and healthcare facility for the big event.
May 30– HYANNIS– The FAIR Plan’s latest request to raise homeowner insurance rates statewide and across the Cape and Islands drew sharp criticism from homeowners, legislators and the attorney general’s office Wednesday during a public hearing held by the state Division of Insurance. “The Cape and Islands homeowners are being robbed,” Paula Aschettino,…
The appointment of Mr. Hancock, a seasoned insurance executive with more than 20 years of industry experience, signals a renewed focus on growth and innovation for the reputable global company. Mr. Hancock will be responsible for oversight of the international insurance operations at IMG. Before his appointment, Mr. Hancock was executive vice president and…
Costello& Sons Insurance recently received the High PIN Score Award from MarshBerry, a leading insurance management consultancy and agency benchmarking firm. It means the California- based agency, which specializes in business insurance for technology companies, venture capital& private equity companies, and personal insurance for High Net Worth…
On May 29, 2013, Encore Capital Group, Inc. entered into a Securities Purchase Agreement with JCF III Europe S. À R.L., a Luxembourg private limited liability company, pursuant to which Encore will acquire from Seller a majority interest in Cabot Holdings S. À R.L., a Luxembourg private limited liability company, which is the indirect holding company of Cabot…
Medicare MarketPlace ®, a national online Medicare insurance broker, headquartered in Omaha, NE has added a new location in Harlan, IA to meet growing demand from Baby Boomers turning 65 and becoming eligible for Medicare. Benefit Advisors will help Medicare beneficiaries in all 50 states shop for and enroll in Medicare health plans, including Medicare…
Denny Heck, D- Wash., has introduced legislation to “authorize the Secretary of Housing and Urban Development to establish additional requirements to improve the fiscal safety and soundness of the home equity conversion mortgage insurance program.” For more information about congressional legislation and services offered by Targeted News Service to track…
May 30– YORK, Pa– York County commissioners approved a collective bargaining agreement Wednesday that includes salary increases for local members of the Pennsylvania Social Services Union. The agreement includes wage increases for about 105 positions: 2.5 percent for 2012; 1 percent for 2013; and 2.5 percent for 2014, according to Kristy Bixler, human…
Joseph G. Caronna of Cordova, Tenn., was sentenced to 85 months in federal prison on four counts related to defrauding clients of his investment and insurance business…
