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Newly Merged Employee Benefits Entity Reclaims AIG Brand Name

January 25, 2012

Two American International Group Inc. units, American General Life and Chartis U.S. Accident and Health, will merge their group benefits operations into a new organization to be called AIG Benefit Solutions…

New York Life Insurance and Annuity Corporation, et al., Notice of Application

January 25, 2012

Applicants: New York Life Insurance and Annuity Corporation and NYLIAC Variable Annuity Separate Account–I, NYLIAC Variable Annuity Separate Account–II, NYLIAC Variable Annuity Separate Account–III, NYLIAC Variable Annuity Separate Account–IV, NYLIAC Variable Universal Life Separate Account–I, NYLIAC Corporate Sponsored Variable Universal Life Separate Account–I, NYLIAC Private Placement Variable Universal Life Separate Account–I, and NYLIAC Private Placement Variable Universal Life Separate Account–II; and Mainstay VP Funds Trust.

Federal Housing Administration (FHA) Single Family Lender Insurance Process: Eligibility, Indemnification, and Termination

January 25, 2012

SUMMARY: This final rule updates and enhances the Lender Insurance process, through which the majority of Federal Housing Administration- insured mortgages are endorsed for insurance. This final rule follows the publication of an October 8, 2010, proposed rule, and takes into consideration public comments received in response to it.

Milliman Announces Formation of Risk Institute

January 25, 2012

SEATTLE, Jan. 25, 2012/ PRNewswire/– Milliman, Inc., a premier global consulting and actuarial firm, today announced the formation of the Milliman Risk Institute, which will provide scientific-based thought leadership to executive management on all facets of enterprise risk.

OFIR Releases HMO Consumer Guide

January 25, 2012

The Michigan Department of Licensing and Regulatory Affairs issued the following news release:. The Office of Financial and Insurance Regulation released its annual health maintenance organization Consumer Guide. The measures are set by the National Committee for Quality Assurance Accreditation.

LIMRA: Only 39% of U.S. Families Exposed to Life Insurance Opportunities

January 25, 2012

Despite a broad array of ways to buy life insurance– in person, by phone, by mail, through seminars, at the workplace and online– LIMRA’s 2011 Life Insurance Buyer/Non-buyer study found that only 39 percent of U.S. households recall having an opportunity to buy life insurance in the past two years…

New PASS(R) Facility Insurance Assessment Tool Debuts for PGA Professionals

January 25, 2012

Bouvier Beckwith& Lennox, Inc. and Philadelphia Insurance Companies announce PASS, (R), a free, online tool now available to all PGA Professionals and their facilities, in order to help more easily manage potential risk exposures.

Oklahoma high risk pool covers gap in child-only insurance [The Oklahoman, Oklahoma City]

January 25, 2012

State officials say the move effectively closes a gap– sparked by the passage of health care reform– in coverage under child-only insurance policies, which serve an estimated 4 percent of Oklahoma children who lack coverage under family policies or Medicaid.

Oklahomans on the Move: January 18, 2012 [Journal Record (Oklahoma City, OK)]

January 25, 2012

Meyer is the daughter of Love’s Travel Stops founder Tom Love. Meyer is the daughter of Love’s Travel Stops founder Tom Love. He is a national delegate for the Risk and Insurance Management Society, serves on the Government Affairs Committee for the National Association of Truck Stop Operators and is a board member of the YMCA of Greater Oklahoma City.

Jefferson County Council seeks benefits [Missouri Lawyers Media]

January 25, 2012

As the Jefferson County Council approves benefit packages for full-time employees, one council member is looking to secure benefits for part-time elected officials as well.

St. Rita’s CEO: Health care future expensive [The Lima News, Ohio]

January 24, 2012

Rita’s Health Partners CEO Jim Reber’s talk Monday about the staggeringly expensive future of health care, the crowd’s strongest reaction came with the news that the hospital’s french fries are no longer fried. Think of a day when your doctor orders a blood test that she charges $60 for, but you can find a lab with a phone app that charges $30.

Futurists Predict What Will Health Care Look Like in 2025

January 24, 2012

By 2025, patient-doctor relationships and health care delivery will look radically different than they do today, according to the Institute for Alternative Futures…

NYC Hospital Allows Artists to Barter Talent for Health Care

January 24, 2012

Lincoln Medical and Mental Health Center officially announced an innovative program that allows artists of all disciplines the opportunity to exchange their creative services for medical care…

Union-company dispute surfaces in Edmond [The Edmond Sun, Okla.]

January 24, 2012

Jan. 23– EDMOND– A carpenters union says a service provider for cities is morally obligated to allow only contractors who pay area standards to all carpenters. The words ” SHAME ON Oklahoma Municipal Assurance Group” were flanked by “Labor dispute.”

Assured Guaranty Announces Three-Part Transaction with Radian Asset

January 24, 2012

Assured Guaranty Ltd. announced today that Assured Guaranty Municipal Corp. has entered into an agreement to reassume $12.9 billion of par it had previously ceded to Radian Asset Assurance Inc.. Also, through Assured Guaranty Corp., Assured Guaranty has agreed to reinsure approximately $1.8 billion of Radian Asset public finance par.

New York Life Combines B-D With Retirement Income Business

January 24, 2012

New York Life reorganized the company into two businesses: an insurance group and an investment group that includes its broker-dealer subsidiary…

Illinois Lawsuit Alleges MetLife, Prudential Failed to Turn Over $524.3M in Unclaimed Property

January 24, 2012

A whistleblower lawsuit filed in Illinois accuses MetLife and Prudential Financial of failing to turn over to the state approximately $524.3 million in unclaimed property, despite having readily accessible information about the deaths of almost 5,000 policyholders…

The Academy Publishes Expanded 8th Edition Of Property & Casualty Insurance Essentials

January 24, 2012

AUSTIN, TX, January 23, 2012 – The National Alliance Research Academy has published its 8th Edition of Property & Casualty…

Farmers, farm groups told they need more unity [Agweek Magazine]

January 24, 2012

Jan. 23– FARGO, N.D.– Supporters of federal crop insurance need to show greater unity, particularly as work on the 2012 farm bill intensifies, Jeff Harrison and Bob Haney say.

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