W. R. Berkley Corp. announced that Andrew M. Tuma has been named president of Berkley Surety Group. According to a release, Tuma, who joined Berkley Surety in 2007, has over 25 years of experience in the property casualty insurance industry. Berkley Surety is a leading provider of surety coverages in the U.S., and this appointment highlights W. R. Berkley Corp.’ s…
Newswires
Glasgow, UK 25 June 2012. Cigna, a global leader in providing international health insurance to expatriates and other globally mobile individuals, has enhanced its Cigna Global Health Options individual healthcare plan, providing more enhanced benefits and greater flexibility to both customers and partners. This means when customers are happy to renew…
$31 billion was paid for medmal premiums in’ 11. Physicians, hospitals, dentists, therapists, and a host of other healthcare providers paid about $31 billion in medical malpractice premiums in 2011, which is a new record, according to a study released recently by Patients for Fair Compensation, a group based in Alpharetta, GA, that seeks to educate the public about…
State of California reduces medmal premiums by $23 million. The California Department of Insurance has saved doctors and other medical providers $23 million in just two months by reducing unjustified medical malpractice insurance premiums using the state’s prior approval rate regulation authority. The Department of Insurance announced recently that…
Chad McComas, pastor at Set Free Christian Fellowship in Medford, said his church disclosed to its insurance company that there were known sex offenders within its congregation…
All, Blanca Hernandez says, because of her tough, no-nonsense approach to managing a sprawling, federally subsidized apartment complex in this low-income town about 20 miles south of Las Cruces. The past managers did not inspect the apartments each month and they did not listen to our petitions, “wrote Maria Rodriguez, a tenant of the Franklin Vista apartment…
The Washington state Office of the Insurance Commissioner issued the following news release:. A medical worker submitted at least $4.1 million in bogus bills to insurers, sometimes while falsely claiming to be a doctor or physician’s assistant, has pleaded guilty to theft. Kenneth R. Welling, 45, of Lake Forest Park, pleaded guilty Thursday in King County…
Fayetteville’s James Robert Simpson was among the roughly 20,000 Marines who lived it, training on a small, swampy peninsula jutting into the New River on the North Carolina coast. The World War II veteran, the eldest son of a farming couple from rural Cumberland County, was a “Point man”– one of the first blacks to serve in the Marine Corps. In addition to Simpson, five…
Houston, TX June 24, 2012. He also touches on the recent rebranding of his company and why he decided to change it from Barhorst Insurance Group to Iscential. “A special thank you to Smart Business Network Inc. and Mr.
According to a release, the health insurer, with over 750- thousand members, engaged Paragon to provide a Summary of Benefits and Coverage in accordance with federal guidelines to current and potential health plan participants beginning September 2012. “The ruling has left a number of health insurers scrambling to determine how they can address the mandate…
Dan Koshiol, a 15- year veteran of reinsurance brokerage firms, has formed StoneHill Reinsurance Partners, LLC, “which will bring a strong combination of youth, energy and independence to provide unbiased advice to insurance companies and others in the reinsurance marketplace,” Koshiol, president and chief executive officer of the new firm, announced.
Siemens produces half of the installed capacity of offshore wind turbines worldwide, saving about 4 million tonnes of CO2 annually. Grupo Bimbo in Mexico saved approximately US $700,000 and 338,400 m3 of water in 3 years through its water reduction programme. AVIVA, who launched its insurance product for Low-Carbon and Environmental Goods and Services in…
The Intl Monetary Fund has lowered its growth forecast for the Caribbean, reports Caribbean360.com. The IMF’s World Economic Outlook report predicted 3.5% growth for the Caribbean in 2012, down from the 4.3% projection made in September. ” The center for studies of the Inter-American Dialogue on May 8 said remittances sent to Latin America and the Caribbean…
Indianapolis- based Apex Benefits Group Inc. has been increasing its revenue 30 percent a year recently and adding staff rapidly- without acquiring any other firms. Other firms, such as Indianapolis- based Gregory& Appel Insurance and Indianapolis- based MJ Insurance, also have enjoyed fast growth primarily by adding clients. There have been no acquisitions of…
This year RIMS celebrates its 50th Annual Conference& Exhibition. The First National Insurance Management Conference, sponsored by the American Society of Insurance Management, Inc., took place in February 1963 at the Roosevelt Hotel in New Orleans- yes, at one hotel. This year in Philadelphia, rhe RIMS 2012 Annual Conference& Exhibition will offer such an array…
In 2009, 137 workers were injured in a China- based Apple supplier location when they were exposed to poisonous chemicals used ro clean iPhone screens. Over the next two years, two separate explosions at Apple iPad factories in China killed four and injured 77. Despite the human toll and the obvious public reladorts nightmare, Apple faced yer another issue…
Allison Transmission tripled its profit in 2011, which may have helped revive the initial public offering that raised $600 million in March. Thanks to a trucking industry resurgence, the company netted $103 million compared with $29.6 million in 2010 and a loss of $323.9 million in 2009.. Most of the $600 million will go to pay back private-equity owners Onex…
Swiss Re’s Term and Health Watch 2012 Reports Significant Increases in UK Life Assurance Protection Gap, Overall UK Long-Term Protection Market Remains Resilient in 2011. *UK Life Assurance Protection Gap increases to GBP 2.4 trillion in 2011* Term and Health Watch 2012 finds overall industry resilience and optimism despite economic headwinds* Increase in…
June 23– More than a half-million Pennsylvania residents will receive rebates totaling $51.6 million by August from their insurance providers for paying too much in administrative costs and not enough for medical care. In Pennsylvania, rebate checks will average $165 for the 312,000 families covered by an insurance policy, Centers for Medicare& Medicaid…
