In the first 100 days of 2015, the Centers for Medicare& Medicaid Services have issued 12 civil monetary penalties against Medicare Part D plans related to pharmaceutical access– including a $1 million fine against Aetna, Inc., the largest thus far– compared with only one CMP issued in the first three months of 2014, according to Atlantic Information Services,…
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Records indicate Amerigroup, Sunflower Health Plan and UnitedHealthcare lost a combined $52 million in 2014 after losing about $116 million in 2013. A document with profits and losses for the three managed care organizations that operate under KanCare was provided to lawmakers and obtained by The Topeka Capital-Journal. Amerigroup, which had $900…
When Anubrat Prasai’s mother tried to flee her home in Kathmandu last week, the ground shook so hard she could barely stand up straight. Prasai, 22, was safe in Colorado Springs at Colorado College, where he learned through texts and Facebook messages Friday night that his country had been wracked by a 7.8- magnitude earthquake that has claimed more than 4,200…
April 29– SAN ANGELO, Texas– A frantic text message dispatched from 8,000 miles away rocked Sazza Dahal. The Kathmandu, Nepal, native was in her Angelo State University dorm when word came through: A massive earthquake was shaking the capital city, and her mother and family were going to perish. More than 4,600 are dead and 9,000 injured as 8 million people across…
April 28– Chief Martin Dailey of the Thomasville Fire Department said his agency was dispatched to the fire at 6:07 a.m. The apartments, which are in a building that was formerly Community General Hospital, are at 11 Pine St.. One person, later identified as Susie McCloud by family members, was injured in the fire and sustained minor injuries, Dailey said.
April 28– The LaGrange Fire Department and the LaGrange Police Department are investigating a fire that broke out around 6:30 a.m. Monday at a home in the 200 block of Grady Street. Dale Strickland with LPD said firefighters also could not find a point of origin to the blaze, meaning nothing shows it was intentionally set or that is was accidental.
April 28– A health care model designed to improve patients’ care and lower their costs is coming to Colorado Springs this year, courtesy of insurance giant Aetna Inc.. The company has been operating its accountable care organization in Denver and northern Colorado since Jan. 1, and will expand it to the Colorado Springs area July 1. Aetna is the first insurer to…
April 28– WASHINGTON– New Jersey and New York senators launched a task force Tuesday aimed at overhauling the federal flood insurance program in order, they said, to avoid the problems that their constituents confronted after Superstorm Sandy. Bob Menendez, the Sandy Task Force leader, said as he opened the group’s first hearing. Cory Booker, Chuck Schumer and…
_ Genworth MI Canada Inc. on Tuesday reported first-quarter net income of $85 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Genworth MI Canada shares have decreased 10 percent since the beginning of the year.
Rescue operations conducted by Global Rescue personnel in Nepal include:. More than 4,300 people have been killed and more than 8,000 others injured following a magnitude 7.8 earthquake, the worst in nearly a century, that struck near the capital, Kathmandu, and the second-largest city, Pokhara, on April 25. Global Rescue has deployed additional personnel to…
–HRG Group, Inc., a diversified holding company focused on owning and acquiring businesses that it believes can, in the long term, generate sustainable free cash flow or attractive returns on investment, announced that its majority owned subsidiary, Spectrum Brands, has agreed to acquire Armored AutoGroup Parent Inc., the leader in the US automotive…
Select Comfort Corporation today sent a letter to its shareholders highlighting its continued strong financial performance and the superior shareholder returns resulting from its consumer-driven innovation strategy. One year ago, on the Company’ s first quarter 2014 earnings call, Select Comfort President and Chief Executive Officer, Shelly Ibach,…
Heritage Financial Group, Inc., the holding company for HeritageBank of the South, today announced unaudited financial results for the quarter ended March 31, 2015. Net income of $3.9 million or $0.43 per diluted share, up 56% from $2.5 million or $0.28 per diluted share for the linked quarter, and up 189% from $1.3 million or $0.18 per diluted share for the…
JLT Re, the global provider of reinsurance broking and capital solutions, today announces that James W.B. Hole is joining The Cincinnati Insurance Company as part of the organizations plans to expand its Assumed Reinsurance operations. Mike Reynolds, Global CEO, JLT Re, said,“ This is a great opportunity for Jamie who has worked closely with The Cincinnati…
–MicroStrategy ® Incorporated, a leading worldwide provider of enterprise software platforms, today announced financial results for the three-month period ended March 31, 2015. In addition, during the first quarter of 2015, MicroStrategy capitalized $5.4 million in costs associated with further development of its MicroStrategy Analytics Platform™…
In a joint statement, Mr. O’Connor and Mr. Shonak commented: “Salus will work closely with our parent company, HRG Group, to provide the highest level of service to our valued borrowers and capitalize on our strong foundation in midsize lending.” Mr. O’Connor joined Salus in September 2014 and is responsible for the oversight of underwriting and portfolio…
Fitch Ratings assigns an’ AA’ rating to the expected issuance of approximately $222.8 million New Mexico Hospital Equipment Loan Council hospital revenue bonds, series 2015 A on behalf of Presbyterian Healthcare Services. In addition, Fitch affirms the’ AA’ ratings on the following revenue bonds issued by the New Mexico Hospital Equipment Loan Council for the…
–The Texas Medical Center released findings from a healthcare survey of Texans called “TMC 2015 Texas Consumer Health Report: A Texas Medical Center- Nielsen Poll”, a survey funded by TMC and initiated by the Health Policy Institute. Tim Garson, Director of the Texas Medical Center Health Policy Institute, revealed the survey results during his keynote address at…
The global industry is divided into 5 regions: North America, Europe, Asia-Pacific, Latin America and the Caribbean, and Africa and the Middle East. L&H insurance companies are focusing on greater capital efficiency and cash flow generation by seeking mergers in developing countries with low penetration but high growth potential to strengthen their…