Most employers have been using multi-tier prescription drug plans for many years, but new data released from the 2014 UBA Health Plan Survey shows a significant increase in the use of 4- tier plans, which typically cover the highest cost drugs, as well as major increases in corresponding median copays– a trend that is expected to continue, according to UBA.
Newswires
ACE Group reported that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager for ACE Overseas General, the company's general insurance business outside of North America. In a release, the company noted that in this newly created position, Stapleton will focus on advancing and accelerating the development and execution…
Neal Moriarty, 38, of Morro Bay, and Ross Moriarty, 42, of Los Osos, a licensed insurance agent, were arrested by Cal Fire officials and California Department of Insurance agents on multiple felony counts of insurance fraud. While still at the scene of the accident, Neal Moriarty allegedly called his brother, who used his position as a licensed insurance agent to…
Marianne Morosko joined Mutual Benefit Group on July 13, 2015, as vice president- field operations. She holds a bachelor's degree in leadership and communication from Duquesne University and has earned the following professional designations: Chartered Property& Casualty Underwriter, Associate in Underwriting, Accredited Advisor in Insurance, and…
July 28– California firefighters are caught in a nightmarish game of whack-a-mole. During the last week alone, firefighters have mostly contained two significant wildfires near Sacramento, only to see a third one break out. California fire officials blame the drought and historically dry conditions.
The leaders of the Louisiana Health Cooperative Inc., a health insurer, have decided to wind down the company's operations. PPACA provided startup funding for the Consumer Operated and Oriented Plan insurers, but Congress later reduced the amount of program funding available. A CO-OP that operated in Iowa and Nebraska, CoOportunity Health, failed in late…
Advanced Patient Advocacy, LLC announced today that the Centers for Medicare and Medicaid Services recently released county-level data on healthcare enrollment during the second healthcare open enrollment period, and APA continues to demonstrate outstanding results in servicing populations of need with ACA enrollment assistance.
La Familia Auto Insurance, an independent insurance agency servicing the Dallas/Fort Worth metroplex, has named the announcement of a new location in Fort Worth to assist customers in Benbrook, White Settlement and Westover Hills. The agency's multiple offices serve customers in Dallas, Fort Worth, Carrollton, Garland, Grand Prairie, Arlington, Plano,…
The National Association of Professional Women honors Linda Brittain-Hodge as a 2015-2016 inductee into its VIP Woman of the Year Circle. “I'm pleased to welcome Linda into this exceptional group of professional women,” said NAPW President Star Jones. As Office Manager for Ruth Shannon, State Farm Insurance, Ms.
July 28– HARTFORD– The Hartford on Monday reported a surge in second-quarter profits– handily beating Wall Street expectations– an increase in the quarterly shareholder dividend and a stepped-up stock buyback program. Net income at The Hartford Financial Services Group was $413 million, or 96 cents a diluted share, in the quarter ended June 30, compared with a…
July 27– LAKE PLACID– Mopping up, sorting ruined merchandise from good and salvaging what they could, business owners and residents picked through the fire-damaged pieces here Monday. Tyler and Natasha Rand lived on the top floor of the Wanda building. “This was the spare room,” Tyler said of the once cozy space that overlooks Mirror Lake.
July 25– A proposed 20% raise in salaries for Burbank City Council members got a little sweeter this week when a council majority introduced an ordinance and approved a resolution outlining the pay hike and other changes to their benefits in a pair of 3-2 votes on Tuesday. The action increased the monthly salary by $215 a month– from $1,075 to $1,290– doubled each…
Korn Ferry, the preeminent authority on leadership and talent, today announced that Laurie O’ Shea has joined the firm as Co-Head Global Insurance Practice. Prior to Korn Ferry, Ms. “With twenty-five plus years of experience in search, Laurie’ s broad depth of knowledge and experience in the global insurance market, combined with her track record of success in…
The American Insurance Association announced today that Wesley R. McClelland will assume the position of vice president for federal affairs effective September 8. “I look forward to taking what I have learned in my years on Capitol Hill and helping the insurance sector positively affect the policy debate in Washington,” said McClelland. “
–Fidelity& Guaranty Life, a leading provider of fixed indexed annuities and fixed indexed universal life products, today announced the launch of FG Retirement Pro, an innovative annuity offering that is designed to provide income payments for retirees. The company designed this unique product to offer protection in retirement by potentially growing the…
NEW YORK& CHICAGO—- US title insurers soon implementing the Consumer Finance Protection Bureau's new integrated disclosure forms for residential home closings face operational challenges that could result in some market share shifts following its implementation, says Fitch Ratings. Glitches along the vendor chain as the new rules become effective on and…
ACE Limited announced today that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company. Mr. Krump will provide counsel, assistance and direction to Frank Lattal, who is currently Chief Claims Officer for ACE Group and who will continue to serve in…
–Launching a major new practice group and an expansion of its national litigation platform, Liner LLP announced that it has added a ten-attorney team led by one of the country's preeminent insurance coverage lawyers. Also arriving as partners are Sandra Thayer, Fiona Chaney and Michael Gehrt, along with six other attorneys who previously practiced together…
John Lupica will serve as Vice Chairman of the parent company and Co-President of the North America Insurance division. John Lupica will serve as Vice Chairman of the parent company and Co-President of the North America Insurance division. Currently Vice Chairman of ACE Group and Chairman of the company’ s Insurance— North American businesses, Mr. Lupica will…
