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Failed Iowa entrepreneur got $112 million for Obamacare co-ops [Examiner, The (Wash., DC)]

March 31, 2013 Newswires No comments.

Federal officials awarded $112 million to fund new Obamacare health insurance cooperatives in Iowa and Nebraska to a group whose politically connected chief financial officer recorded at least three business flops since 2009.. CoOportunity Health, an Ames, Iowa, group founded by CFO Stephen Ringlee, received the federal funds as a tax-free loan from the…

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Now they tell us: Obamacare debut will be ‘messy’ [Examiner, The (Wash., DC)]

March 31, 2013

Discussing Obamacare Monday at a Center for American Progress seminar on the law’s impact on HIV/AIDS and the lesbian, gay, bisexual and transgender community, the president’s former director of the White House Office of National AIDS Policy and senior advisor on disability policy added, “if we do everything we can possibly think of, it’s still going to be a…

A.M. Best Assigns Debt Ratings to The Hanover Insurance Group, Inc [Professional Services Close – Up]

March 31, 2013

Additionally, A.M. Best has assigned indicative ratings of “bbb” on senior unsecured debt, “bb+” on junior subordinated debt and “bb+” on the preferred stock of the recently filed shelf registration of Hanover, Inc. The outlook assigned to all ratings is stable. All existing ratings of Hanover, Inc. and its subsidiaries are unchanged. As of December 31, 2012, Hanover, Inc.’…

New York Life: Joel Steinberg Added to Its Executive Committee [Professional Services Close – Up]

March 31, 2013

New York Life has announced the appointment of Joel Steinberg to its Executive Management Committee, effective immediately. In 2012, Steinberg assumed additional responsibility as chief risk officer in charge of the Office of Risk Management. New York Life Insurance Company is a mutual life insurance company.

American General Unveils Elite Global Plus II Universal Life Insurance [Professional Services Close – Up]

March 31, 2013

American General Life Companies announced Elite Global Plus II, a fixed index universal life insurance product that provides death benefit protection and the accumulation potential of the carrier’s current UL products. “Life insurance is one of the most versatile financial products available, able to serve as a solution for a wide variety of family and…

Haverford Holdings Leverages Sapiens IDIT Software Suite [Manufacturing Close – Up]

March 31, 2013

Sapiens International Corp., a global provider of software solutions for the financial services industry, announced that Haverford Holdings Limited, a global provider of property and casualty insurance and reinsurance, has licensed Sapiens IDIT Software Suite as their centralized solution throughout its group of insurance companies.

A.M. Best Upgrades Issuer Credit Rating of PT Asuransi Jasa Indonesia (Persero) [Professional Services Close – Up]

March 31, 2013

A.M. Best Asia-Pacific Limited has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of B++ of PT Asuransi Jasa Indonesia. The ratings reflect Jasindo’s continuing favorable operating performance, prudent investment strategy, as well as its strong market presence in Indonesia. The company was the second-largest…

Milwaukee Journal Sentinel Investment Trends column [Milwaukee Journal Sentinel]

March 31, 2013

March 31– Whether close to home, or in places like California and Texas, two Waukesha money managers say they’re seeing signs of a real estate revival that could last for many years. Most believe the real estate low was either in fourth quarter 2011 or first quarter 2012, said Tom Portz, Tim’s father and president and portfolio manager at the firm.

Valdosta Shared Office Space [The Valdosta Daily Times, Ga.]

March 31, 2013

March 31– VALDOSTA– The Wisenbaker building, downtown at 100 North Patterson Street, has seen a lot. Tom Smith and the Robinson Humphrey Company, before becoming the law offices for Wisenbaker and Brooks in the 1980 s. Working with the Valdosta Chamber of Commerce and the Small Business Development Center, Fina opened up in the fall of 2006, hoping to attract…

Rare Federal Court Decision Awards Social Security Disability to Local North Providence Woman

March 31, 2013

In a rare move, US District Judge John J. McConnell, Jr. reversed a ruling by a local Social Security disability judge and outright awarded disability benefits to a North Providence woman, Maria Borino Provancha. Provancha had been mired in the application and appeals process since 2007. In light of the recent media coverage surrounding the Social Security…

Lack of access earns Hawaii an F in report [The Honolulu Star-Advertiser]

March 31, 2013

Hawaii is among 29 states that received a failing grade for consumer access to health care prices in a recent report. Hawaii has no laws requiring providers or insurers to disclose price information to consumers. That’s part of the reason Hawaii got an F in the “Report Card on State Price Transparency Laws” put out by two nonprofit business coalitions, the…

Insurance Industry in Sierra Leone, Malawi, Bolivia, Fiji, Isle of Man, Cape Verde, El Salvador, Gambia, Tanzania – Market Research Reports Available on Researchmoz.us

March 31, 2013

The Sierra Leone, Malawi, Bolivia, Fiji, Isle of Man, Cape Verde, El Salvador, Gambia, Tanzania insurance industry is under developed and inadequately supervised. During the review period, Sierra Leone, Malawi, Bolivia, Fiji, Isle of Man, Cape Verde, El Salvador, Gambia, Tanzania insurance industry increased at a CAGR of 17.1%, primarily supported by the life insurance…

New Interactive Enhancements made to LOGiQ³’s E-Learning Underwriting Training Program and Launch of App to Assist Life Advisors

March 31, 2013

LOGiQ³ Corp, the expert provider of life insurance and reinsurance consulting and outsourcing services, is pleased to showcase new enhancements made to their E-Learning Underwriting Training Program at the Association of Home Office Underwriters conference from Sunday April 7 to April 10, 2013 at the Arizona Biltmore Hotel in Phoenix, Arizona.

New limits on community care create barriers for the mentally ill [The News & Observer (Raleigh, N.C.)]

March 31, 2013

March 31– First in an occasional series. More money is going to pay for community treatment, most of it coming from Medicaid. Patients and their advocates say the new system has created barriers to care, separating hundreds of mentally ill patients from their longtime doctors and causing some doctors to stop seeing Medicaid patients completely.

Brentwood Man Convicted, Ordered to Pay Restitution in Securities Law Violations Case

March 31, 2013

The Tennessee Attorney General issued the following news release:. Verner was previously convicted in 1994 for securities violations, for which he served two years on probation, and is not licensed to sell securities in Tennessee. “It is especially important that the defendant in this case compensate his victim for losses resulting from his crimes,” said…

The Council of Insurance Agents & Brokers Turns 100; Unveils Centennial Anniversary Microsite

March 31, 2013

The Council of Insurance Agents& Brokers issued the following news release: The Council of Insurance Agents& Brokers turns 100 years old in 2013, and has launched various initiatives to mark the occasion. As part of its celebratory efforts, The Council’s past, present and future will be highlighted in the pages of Leader’s Edge magazine throughout the year as…

Universal Health Care Insurance Company and Universal Health Care, Inc. Ordered into Receivership

March 31, 2013

On March 21, 2013, Leon County Judge Charles Francis ordered Universal Health Care, Inc. into receivership. Of these, approximately 60,000 are Medicaid members and 40,000 are Medicare members. Universal Health Care Insurance Company, a Florida health insurance company, has approximately 37,500 Medicare policyholders.

Secretary Polanowicz Announces Rosalie Edes as Assistant Secretary for The Office of Disability Policy and Programs

March 31, 2013

Health and Human Services Secretary John Polanowicz today announced the appointment of Rosalie Edes as assistant secretary for the Office of Disability Policy and Programs. Since 2009, Edes has served as deputy assistant secretary for the Office of Disability Policies and Programs at HHS, coordinating more than $2 billion in long term care,…

PetInsuranceQuotes.com Launches Pet Insurance Wizard™

March 31, 2013

Shopping for pet health insurance can be confusing. With so many companies, options and plans many pet owners find the process overwhelming. “Our goal with the Wizard is to create a simple tool that helps educate pet owners about the key factors related to pet insurance,” explained Nick Braun, founder of PetInsuranceQuotes.com.

EDITORIAL: Points worth noting: Fort Worth schools’ anti-bullying program; Cook Children’s and Aetna back together [Fort Worth Star-Telegram]

March 30, 2013

March 30– Editor’s note: This editorial has been updated to correct the name of Kathryn Everest, the Fort Worth schools’ guidance and counseling director. Fort Worth school officials are hoping it is. Kathryn Everest, the Fort Worth schools’ guidance and counseling director, said other districts have called asking to use the program, according to a Star-Telegram…

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