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Aetna Plans To Sell Missouri Medicaid Business

January 22, 2013

Aetna Inc. will sell a Missouri Medicaid business that manages care for more than 100,000 people to fellow health insurer WellCare Health Plans Inc. due to Aetna’s pending acquisition of Coventry Health Care Inc…

Bancolombia Live on Murex’s MX.3 Platform

January 22, 2013

Murex, the leading provider of integrated trading, risk management and processing solutions, today announced that Bancolombia, the largest commercial bank in Colombia and one of the largest in Latin America, has successfully completed the major expansion of the Murex MX.3™ platform successful implementation. The platform was rolled out in different phases…

Connecture Acquires DRX, A Leading Provider of Information Systems for Medicare

January 22, 2013

Now that expertise can be combined to help even more Americans, whether it’s to compare plans offered by many payers in a private exchange, consider similar products on a carrier’s website, shop for the best plan in a state exchange, or select the right Medicare plan and pharmaceuticals. ” Connecture is a leader in the commercial insurance market for individual…

United Spinal’s Free Webinar on Health Care Reform For People with Disabilities

January 22, 2013

United Spinal Association’ s membership division, National Spinal Cord Injury Association, will host a free webinar on January 30 th that provides a detailed overview of health care reform and how it will impact access to health insurance for people living with disabilities. Pre-existing conditions The elimination of certain coverage limits Health…

Amtrust To Buy Sequoia Insurance For About $60M

January 22, 2013

AmTrust Financial Services Inc. said that it is buying a fellow insurer, privately held Sequoia Insurance Co., for about $60 million as it seeks to bolster growth…

Analysis: Is Highmark offer to WPAHS enough? [Pittsburgh Post-Gazette]

January 22, 2013

But is the deal that Highmark cut with West Penn Allegheny Health System’s bondholders– which reduces a chunk of WPAHS’s debt by $90 million or so– big enough? The application– called a “Form A”– should be released by the state Insurance Department perhaps as early as today. You’re thinking at least south of 50 cents on the dollar, “said Jim McTiernan, a former Highmark…

United States v. Oklahoma State Chiropractic Independent Physicians Association and Larry M. Bridges; Proposed Final Judgment and Competitive Impact…

January 22, 2013

On January 10, 2013, the United States filed a Complaint alleging that the Defendants and other competing chiropractors in Oklahoma formed a conspiracy to gain more favorable fees and other contractual terms by agreeing to coordinate their actions, in violation of Section 1 of the Sherman Act, 15 U.S.C. 1. The proposed Final Judgment, filed at the same time as…

Mortgage and Loan Insurance Programs Under the National Housing Act–Debenture Interest Rates

January 22, 2013

The interest rate for debentures issued under section 221 of the Act during the 6- month period beginning January 1, 2013, is 13/ 8 percent. However, as a result of an amendment to section 224 of the Act, if an insurance claim relating to a mortgage insured under sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the…

Affinity Group Underwriters Announces New Bicycle Accident Insurance

January 22, 2013

The Balance For Cyclists initiative was created by Jay Paul of AGU, a lifelong cyclist who has had numerous friends suffer serious, and in some cases life-altering permanent injuries as the result of a cycling accident. Underwritten by the Zurich American Insurance Company, the Bicycle Accident Insurance coverage pays lump sum cash benefits to cyclists or…

Friends remember Bob Larkin, long-time Republican activist [Ventura County Star, Calif.]

January 22, 2013

Jan. 22– Bob Larkin, a gregarious, small business owner, who once headed the county’s Republican Central Committee and championed Simi Valley causes has died.. Congressman Elton Gallegly, a Simi Valley Republican, said. ” Longtime friend, Peggy Sadler, of Simi Valley credited him with resolving infighting within the local party committee.

Houston Risk Management Firm’s CEO Featured in Property Casualty 360 Magazine

January 22, 2013

Houston risk management firm’ s own president& CEO was recently featured in Property and Casualty 360 Magazine, providing insights into the 2013 forecast for upcoming challenges and opportunities for top insurance producers. With things shifting in the insurance world this coming year, Frank Karkowsky addressed the issue of competition in the marketplace…

USA Business Insurance Announces Customized Insurance Plans for Artisan Contractors

January 22, 2013

USA Business Insurance, an online business insurance provider, announced today the availability of specialized artisan contractor insurance. USA Business Insurance specializes in commercial insurance in more than 20 states. Professionals such as electricians, plumbers, carpenters, woodworkers and other trade contractors are exposed to many common…

El Paso county to restart $18M civil RICO suit [El Paso Times, Texas]

January 22, 2013

Jan. 22– A federal judge has ordered the county to resume a civil $18 million racketeering suit against three defendants after they were convicted of criminal charges. The county’s attorneys are pursuing a case that seeks to collect as much of the money as possible from attorney David Escobar, former state Rep. and County Judge Luther Jones, and former County…

Cooper, Claridge-Ware Limited Announces New Hires

January 22, 2013

Cooper, Claridge-Ware Limited, a Hong Kong based international insurance brokerage, today announced that Michael Lamb, Barney Beaumont, and Sophie Mason have been named as Marketing Director, Individual Sales Director, and General Insurance Manager, respectively. Mr Beaumont, Mr Lamb, and Mrs Mason join CCW from Pacific Prime Insurance Brokers– Kwiksure.com, a…

Allsup: Convincing Unbanked to Use Direct Deposit for Social Security Benefits May be a Challenge [Professional Services Close – Up]

January 22, 2013

The U.S. Department of Treasury announced last month that eventually it will provide all federal benefits through direct deposit, including payments to more than 8 million workers receiving Social Security Disability Insurance benefits. Making certain recipients understand the costs and benefits of their choices is essential for a smooth transition,…

Sun Life Financial and Khazanah Nasional Berhad to Acquire CIMB Aviva [Professional Services Close – Up]

January 22, 2013

According to a release, Sun Life and Khazanah are each paying RM900 million in respect of the transaction, which includes entering into a new 20- year exclusive bancassurance agreement with CIMB Bank. Sun Life and Khazanah are each acquiring 49 per cent of the Company from Aviva International Holdings Limited and CIMB Group Holdings Berhad, respectively.

Oklahoma to Host National Tornado Summit [Health & Beauty Close – Up]

January 22, 2013

For the first time, the National Tornado Summit will also include the National Severe Weather Workshop. “Teaming up with the Tornado Summit seems like a natural fit for the National Severe Weather Workshop,” said Greg Carbin, warning coordination meteorologist for the NOAA SPC and NSWW chair. ” “The National Severe Weather Workshop is a tremendous addition to the…

Women make up staff of local bail agency [The Daily News, Jacksonville, N.C.]

January 21, 2013

Now with two locations, one on Court Street in Jacksonville and the other on Cedar Street in Beaufort, the all-female bond agency, Bond Chix Bail Bonds, plans on continued growth in North Carolina as the bond agency with sassy attitudes, compassion for their clientele and the aforementioned pink handcuffs. Under the ownership and guidance of Dave Mayfield, a bond…

‘Tattletales’ put auto insurer in passenger seat [Charleston Gazette, The (WV)]

January 21, 2013

“It’s a more accurate way to measure auto insurance risks so those customers who are lower risks, pay lower rates,” said Dick Luedke, a spokesman for State Farm Insurance. “One policy-holder’s discount is another man’s surcharge for not using the device,” said former Minnesota Attorney General Mike Hatch, who also is a former state Commerce Department commissioner.

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