Celent issued the following news release:. Celent predicts a relatively flat outlook for new insurance deals in Asia-Pacific until 2014 and a return to growth across the region from 2014 onwards. New deal activity for property/casualty policy administration systems across Asia-Pacific has been in decline since 2009. Celent believes that the market for…
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Oracle issued the following news release:. *Oracle announced the availability of Oracle Insurance Solvency II Analytics, which can help insurers to quickly understand and comply with Solvency II reporting requirements and better assess and manage risk using a single unified platform. *The Oracle Insurance application provides extensive out-of-the-box…
Galveston, TX July 12, 2012. Many people say that“ home is where the heart is.” Home is also where the most important decisions regarding family and finances are made. ANICODirect.com offers consumers an easy way to get a life insurance quote, as well as, purchase term life insurance online without having to speak to an agent; in many cases, in less than 15 minutes.
These improvements come on the heels of State Farm introducing a redesign of its top-ranked mobile website in April of this year. The introduction of a Pocket Agent app optimized for use on a tablet device provides consumers with an additional access point to connect with State Farm. A lot of what you will see in the most recent version of Pocket Agent was heavily…
Diana DeGette, D- Colo., issued the following news release:. Diana DeGette issued the following statement in response to the breaking news that this evening President Obama directed federal officials to give wildland firefighters access to health insurance. “I’m elated the President has stepped in to bring access to health insurance for wildland firefighters,…
The SEC alleges that Apparao Mukkamala learned confidential information from board meetings and other communications about the anticipated acquisition of American Physicians Capital Inc. by another insurance company. “These physicians made numerous purchases of ACAP shares that were detected as highly unusual when compared to their past trading…
Insurance Commissioner Wayne Goodwin today announced the arrest of Shannon Sales, 29, of 18603 Blakely Road, Laurinburg; she is charged with two counts of insurance fraud and one count each of obtaining property by false pretense, acting as an unlicensed insurance agent, motor vehicle title fraud, and vehicle registration fraud. After a joint investigation by…
July 12– Coverage for trees that fell on roofs and the possibility that recent storm damage could raise insurance rates were among the questions tackled during a special Money Talk$ on Wednesday. Susan Taylor, a senior insurance market examiner with the Property and Casualty Division of the Virginia Bureau of Insurance, answered those questions and more…
July 12– Abby Burns stood on the porch of her Williams Township home perched on a hill that slopes down to a small tributary of the Delaware River. But according to a new Federal Emergency Management study, the small creek that snakes a half-mile north of the Delaware River into her yard poses enough of a risk to put her property in a flood plain.
“As a family-owned company with an established local history, the Industrial Insurance Services acquisition is a good opportunity to further expand InPro’s local reach and capabilities,” said Dave Goodman, president, InPro Insurance Group. ” InPro noted that the Industrial Insurance Services team– including Paul Pomerleau, Chuck Pomerleau, Kristin Hendren…
Incapital announced that it is expanding its business by opening offices in Boston, San Francisco and St. Petersburg, Florida. Joining Incapital’s newly opened office in Boston will be Patrick Clifford and Mike Dolaher, focusing on Incapital’s insurance and annuities business. The St. Petersburg’s office, with Jerry Little, William Foley and Jim Cashmore, will…
Farm Bureau Insurance of Tennessee said it ranks highest among auto insurance providers in the Southeast Region in the J.D. Power and Associates 2012 U.S. According to a release, 19 auto insurance providers were measured in nine southeastern states: Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
Better World Club, an auto club, announced that it has partnered with Gales Creek Insurance Services of Portland, Oregon, a division of JD Fulwiler, so that its members can receive GCIS’s BIKEon, accident and liability insurance for bicyclists. According to a release, offered exclusively to members enrolled in Better World Club’s bicycle roadside assistance…
The following is an article by Eric Baillargeon, GEICO Insurance Agency boat program manager:. How much time have you spent getting your boat ready for a safe boating season? Last year alone, the U.S. Coast Guard reported more than 4,900 accidents, resulting in millions of dollars in property damage, loss of life and personal injury suits.
New York Life, a mutual life insurer, announced that Fitch Ratings and A.M. Best have affirmed the company’s highest possible ratings for financial strength. According to a release, last month, Fitch affirmed its AAA financial strength rating on New York Life, its highest possible rating, and A.M. Best affirmed the company’s financial strength rating of A++, its…
-Gavin Davis of Insurance Insider discussing the D&O implications of Facebook’s IPO- ambest.com/ v.asp? -Michael Loney of Reactions Magazine discussing the growth of the Asian reinsurance market, especially in Singapore- ambest.com/v. asp? The podcast is hosted by John Weber of A.M. Best.
Capital growth had been supported in the past by their former parent, Medco Health Solutions, Inc.; however, this entity was acquired on April 2, by Express Scripts Holding Company, and A.M. Best expects this support to continue under the new parent company. MCLIC and MCICNY have very limited product portfolios, consisting primarily of Medicare Part D business…
The Company said that the rating upgrades of ZALICO reflect A.M. Best’s view of its enhanced strategic role and the significant reinsurance support provided within Zurich Insurance Group. A.M. Best noted that it believes the company’s operating performance will remain challenged until it benefits from growth and scale from its new business strategy.
TransactRx, a provider of vaccine billing solutions, has announced the launch of a complete billing and contracting solution for public health departments. A combination of increasing numbers of patients with insurance utilizing local health departments and funding pressures have lead to a national initiative lead by the Centers for Disease Control and…
