A.M. Best Co. has affirmed the financial strength rating of B and downgraded the issuer credit rating to“ bb” from“ bb+” of Ullico Casualty Company. Concurrently, A.M. Best has affirmed the FSR of B++ and the ICR of“ bbb” of The Union Labor Life Insurance Company. The ratings of Ullico Casualty take into consideration the subsequent discussions A.M. Best has had with…
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A.M. Best Co. has assigned a financial strength rating of B and an issuer credit rating of“ bb+” to The Pinnacle Life Insurance Partnership. Pinnacle mainly underwrites simple life insurance in the no-frills term life segment of the New Zealand market, relying primarily on direct distribution. Growing at around 21% annually, Pinnacle’ s gross written premiums…
“One of the things we always say is, It’s not for everybody,” said Tom Alger, a spokesman for the Iowa Insurance Division, which regulates insurance companies in the state…
The Choose New Jersey, Inc. Board of Directors voted Bernard “Bernie” Flynn, President and CEO, NJM Insurance Group as its new Chairman during their Board meeting on July 12. “When we established this organization, our goal was to show the world what we already knew; New Jersey is the premiere destination for business,” said Bone. ” Flynn has served as President and CEO of…
Office Address: Department of Health and Human Services; Health Resources and Services Administration; Office of Acquisitions Management and Policy; 5600 Fisher Ln. Description: Department of Health and Human Services. Health Resources and Services Administration.
Boise, Idaho July 13, 2012. Jack Stephens, who presented the first pet insurance policy to celebrity TV dog Lassie in 1982, said he’ s seen some peculiar summertime ailments in his tenure as both a practicing veterinarian and Pets Best Insurance President and Founder. 1. Sunburn- That’ s hot A Boston Terrier may have enjoyed the summertime rays a bit too much, as Pets…
Jay Toohey, a product director from Enfield, Conn., has been named Cigna’s Volunteer of the Year for his work with AbilityPLUS Adaptive Sports. Cigna CEO David Cordani presents Jay Toohey of Enfield, Connecticut with the company’s Volunteer of the Year Award. AbilityPLUS provides sports and recreational programs to people with physical disabilities…
The firm’s burgeoning Medicare business is behind the move and expansion. “Medicare is a growing part of eHealth’s business, and enrolling in Medicare can be confusing,” company spokesperson Amy Fletcher wrote in an e-mail. ” During, its last earnings call, eHealth discussed how its Medicare business performed strongly during the first quarter of 2012. Revenue…
Chairman and Members of the Subcommittee, I am Kristina Hebert, President of the Marine Industries Association of South Florida. While we have technicians that travel outside of the area, South Florida is the yachting industry capital of the world. To give you an idea, the Tri-County/ South Florida marine industry represents 107,000 jobs; an economic impact of…
LIMRA and LOMA have launched Summit Circle, a new program to honor international companies that have at least 25 years of continuous membership in either organization. Within the Summit Circle, companies are ranked by their length of membership. Out of 1,200 member companies worldwide, only 51 companies were inducted into the Summit Circle in 2012. Many…
Towers Watson issued the following news release:. Global professional services company Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business, effective from October 1, 2012. Mr. Howard, who has more than 35 years of experience in the reinsurance brokerage industry, joined Towers Watson with the 2002…
TRENTON, N.J.– The mayor of New Jersey’s largest suburb pleaded not guilty in federal court Thursday to charges of extortion and money laundering. Federal prosecutors allege Hamilton Township Mayor John Bencivengo took $12,400 from a cooperating witness in exchange for using his influence over a health insurance contract with the township’s school…
July 13– TAMPA– A federal appellate court ruled Thursday that Hillsborough County’s insurance company must reimburse former county Commissioner Kevin White for legal costs he incurred in a sexual harassment case. The U.S. Court of Appeals for the 11th Circuit in Atlanta upheld a federal district judge’s ruling in October that State National Insurance Co….
Lutz, FL July 13, 2012. The demise of commodities broker Peregrine Financial Group this week, and MF Global in October of 2011 has badly shaken investor confidence in U.S. regulators and the sanctity of customer assets held by a fiduciary. In both cases, the Security Investor Protection Corp did not insure the customer accounts affected.
The week before the U.S. Supreme Court upheld most of the Affordable Care Act, the federal government announced that 12.8 million Americans would receive rebates on their health insurance premiums at an average of $151 per household…
The culprit tagged a wall of Jacksonville Magazine’s building on King Street near Park about two weeks ago, along with the popular Whiteway Deli and Beer: 30, a new craft beer store. Joseph White, the magazine’s publisher, said the trouble has taken a little breath from the excitement along his stretch. Sheriff’s Office spokeswoman Melissa Bujeda said graffiti…
Representative Randy Neugebauer voted today to pass the Federal Agriculture Reform and Risk Management Act out of the House Agriculture Committee. As originally introduced, the FARRM Act saves $35 billion over ten years, and repeals or consolidates more than 100 programs to improve efficiency at the U.S. Department of Agriculture. The second provision…
Allied World Assurance Company Holdings, AG announced that Allied World has expanded its U.S. casualty operations with the launch of a new Construction Casualty division. Mike’s substantive construction industry knowledge and execution skills will be a tremendous asset to Allied World. ” Prior to joining Allied World, he was Vice President in the home office…
Argus Dental Plan said it understands that in today’s dental insurance market, employers must be savvy about the value of a dental plan both in terms of cost and what the plan has to offer, the company said. Factors such as the size of business, cost sharing, and how the plan is structured are critical. Nicholas Kavouklis DMD, president of Argus Dental Plan, offers…
