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AARP Gets $762M From Royalties; Do Seniors Get Best Insurance Deal?

November 30, 2015 Newswires 1 comment.

Nov. 30– Senior advocacy organization AARP receives $762.6 million a year– more than half its total revenue of $1.3 billion– from royalties on everything from health and car insurance deals to credit cards, records reviewed by The Palm Beach Post show. UnitedHealthcare's ads are a common sight on TV this time of year, and it bills itself as the only Medicare…

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BRIEF: Local businessman Larry Squires entertains, educates Village Woman's Club

November 30, 2015

Nov. 30– Squires, branch manager at Wilson Bank and Trust's investment department, has more than 30 years of experience in the financial services industry. Squires spoke to the group about financial and estate planning, as well as offering other investment advice. He also fielded questions from the group.

Court says UPMC must keep cheaper rates in Medicare plans

November 30, 2015

—Pennsylvania seniors and others enrolled in an insurer's Medicare Advantage plans won't have to pay comparatively higher rates in the coming years for services through the University of Pittsburgh Medical Center, the state Supreme Court ruled Monday. The court ruled 3-2 that about 180,000 people in Highmark's Medicare Advantage plans will continue to…

Risky Business: Health And Life Insurance Falls Short On Pot

November 30, 2015

At one time or another, most of us are faced with the task of having to deal with health and life insurance. The reason for this is the same reason neither Medicare nor Medicaid cover medical marijuana: the U.S. Food and Drug Administration has not approved any drug containing or derived from marijuana because it remains a federally illegal schedule I controlled…

Genex Services Acquires Medical Bill Review Leader Alpha Review Corporation

November 30, 2015

Genex Services, a leader in medical cost containment and disability management services, has announced its acquisition of Alpha Review Corporation, a leading provider of medical bill review for the workers’ compensation market. “Alpha Review is widely recognized as an outstanding bill review firm with excellent customer service and high-industry regard,”…

Traffic Q&A: Judge Judy gets law right

November 30, 2015

Nov. 30– Question: On a recent program of TV's ” Judge Judy,” a case involved two cars that collided in a parking lot. Even though a surveillance camera showed the backing car was over halfway out of the space and the other car was going much too fast– as the driver admitted– Judge Judy said the passing car had right of way and the backing car should have pulled back into the…

Charlotte HOA Manager, Association Management Group, Releases New White Paper on Vendor Insurance

November 30, 2015

AMG, Association Management Group, one of the Carolinas' largest professional homeowner association managers with five offices in North and South Carolina, is releasing a white paper on the importance of buying and requiring proper insurance. The white paper, to be posted on the company's newly redesigned website in early December, incorporates insights…

Prosecutor refutes claims police failed to preserve evidence in Troy insurance fraud case

November 30, 2015

Nov. 30– A county prosecutor is refuting claims from the co-owners of a Troy auto shop that police failed to preserve the burned truck at the center of the insurance fraud case against them. Rather, Assistant Cheshire County Attorney John M. Gasaway Jr. argues in court documents that Jodi A. Champney and her brother Jay Coppo, co-owners of J&J Auto Body, sold the 1987…

Fundraiser started for Niles family that lost everything in fire

November 30, 2015

Nov. 30– A fundraiser has been set up for a Niles family that lost all of their belongings during a fire last week. Kourtni Biggs, 25, said her husband, Brandon, and their three children, ages 5, 2 and four months, have nothing left but themselves after a fire destroyed the home they were renting at 2529 Terminal Road just before noon Sunday, Nov. 22. “We lost everything,” said…

A.M. Best Special Report: A.M. Best’s View on Cyber-Security Issues and Insurance Companies

November 30, 2015

A.M. Best believes that insurance companies are particularly exposed to cyber liability given the nature of their business, and as a result, sees effective risk management in this area requiring a holistic approach where a company’ s technology, people, and processes diligently work in concert to minimize cyber-security risks. Best’ s View on Cyber-Security…

Fitch Releases U.S. Title Industry 2016 Outlook

November 30, 2015

Fitch Ratings maintains a stable rating outlook on the U.S. title insurance industry, according to a new report published today. The outlook reflects a belief that rating actions for the industry will on balance approximate current levels over the next 12- 24 months, as financial performance has improved and capital levels remain strong based on several…

Post-DOMA Survivor Annuitant Federal Employees Health Benefit Waiver Criteria

November 30, 2015

The updates to the Waiver Policy detail the criteria OPM will consider when reviewing waiver requests from individuals who are receiving a monthly survivor annuity as the surviving same-sex spouse of a Federal employee or annuitant who died on or before June 26, 2013. SUPPLEMENTARY INFORMATION: Following the Supreme Court's June 26, 2013 decision in…

Consult elder care attorney about financial protection Caregivers Corner

November 30, 2015

Consult elder care attorney about financial protection. Dear Mary, My stepfather has been diagnosed with mild dementia. He has always had anger issues, but they seem to be much worse now.

Fitch: Top U.S. Auto Insurers 2015 Underwriting Results Decline

November 30, 2015

CHICAGO& NEW YORK—- Underwriting profitability for private passenger automobile insurance has deteriorated in 2015 for many leading US writers, says Fitch Ratings. The weakening results through the first nine months of the year reverse a trend in underwriting profitability improvement since 2012. The recent results run counter to expectations that…

Increased African-American Enrollment Is Key Goal in Year 3 of Affordable Care Act

November 30, 2015

But if you were uninsured, as Kimberly Lenoir-Sanderson once was, you'd learn a new kind of math. “I'd cut them into threes to make them stretch,” said Lenoir-Sanderson, who resides in Loma Linda. She now has a Silver plan from Health Net and pays a $364 monthly premium.

Milliman issues fourth annual Public Pension Funding Study, provides objective analysis of funded status for 100 largest plans

November 30, 2015

–Milliman, Inc., a premier global consulting and actuarial firm, today released its fourth annual Public Pension Funding Study, which consists of the nation's 100 largest public defined benefit pension plans and analyzes these plans from both a market value and an actuarial value perspective. Another year of strong market conditions in 2014 helped drive a…

Xerox Named a Managed Workflow Services Leader in New IDC MarketScape Report

November 30, 2015

Xerox has been recognized as a leader in the IDC MarketScape: U.S. Xerox continues to bolster its industry and cross-industry offerings, recently announcing Workflow Automation solutions for the insurance industry and HR departments, two areas of business with data-intensive workflows. Additionally, new releases of Xerox Digital Alternatives and Xerox…

BRIEF: Driver thrown from vehicle in 2-car crash

November 30, 2015

Nov. 30– An Oregon woman was injured in a two-car crash in which she was thrown from her vehicle Sunday evening near Lewisville Regional Park in the Battle Ground area. Brenda K. Tarsi, 50, of Wilsonville, Ore., was turning left onto state Highway 503 from the westbound lane of Northeast Potter Road shortly after 5 p.m. when the driver's side of her 1996 Honda Accord was…

WellCare Offers Georgia Seniors 2016 Medicare Advantage Options That Support Preventive and Maintenance Care

November 30, 2015

ATLANTA and TAMPA, Fla., Nov. 30, 2015/ PRNewswire/– WellCare Health Plans, Inc. will offer seniors an expanded variety of Medicare Advantage plans in Georgia for 2016 that provide more benefits and services than Original Medicare. During the 2016 Open Enrollment Period, which began Oct. 15, 2015, and ends Dec. 7, 2015, those who are eligible for Medicare will be able to…

South African-Based MMI Holdings Selects MetricStream’s Integrated Governance Risk and Compliance (GRC) Solution

November 30, 2015

–South African-based MMI Holdings, one of the largest insurance-based financial services groups listed on the Johannesburg Stock Exchange, has selected MetricStream to provide an integrated and enterprise-wide GRC solution. Jan Lubbe, Chief Risk Officer of MMI Holdings said, “We chose MetricStream to be a strategic partner for MMI in our GRC Journey.

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