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Cigna Executive: Wellness Programs Vital to Controlling Employers’ Benefits Costs

May 25, 2010

The fate of employer-provided health insurance is up in the air, but wellness and disease-management programs remain the key to…

A.M. Best Revises Outlook to Positive of Lewer Life Insurance Company

May 25, 2010

OLDWICK, N.J.–(BUSINESS WIRE)– A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating…

Class Action Filed Over MetLife’s Total Loss Policy

May 25, 2010

Metropolitan Group Property and Casualty Insurance Co. (MetLife) is the defendant in a class action lawsuit that alleges the insurer failed to live up to its promise to pay the full replacement cost of new vehicles damaged in traffic accidents…

MassMutual Sues Ex-Agency Manager Over MetLife Defection

May 25, 2010

The former general manager of MassMutual’s Georgia agency has allegedly attempted to recruit certain colleagues to join him in his new role at MetLife…

In the Wind vs. Water Debate, Insurers Floated to the Top

May 25, 2010

In the immediate aftermath of Hurricane Katrina, it was unclear if the industry would sink or swim in the legal fight over claims. But after years of court battles, eventually insurers prevailed in the question of wind vs. water…

Cunningham Named to Head Brit’s Gibraltar Office

May 25, 2010

Copyright 2010 A.M. Best Company, Inc.All Rights Reserved BestWire May 24, 2010 Monday 02:34 PM EST 118 words Cunningham Named…

Flagstone Re Co-Founder Mark Byrne Steps Down as Chairman

May 25, 2010

Copyright 2010 A.M. Best Company, Inc.All Rights Reserved BestWire May 24, 2010 Monday 03:14 PM EST 499 words Flagstone Re…

Healthcare Partners, Monarch, and Anthem Blue Cross Chosen for Innovative National Healthcare Program

May 25, 2010

Accountable Care Organization Pilot Will Help Improve Quality and Lower Costs. Two of Southern California’s leading physician-governed medical groups, along…

AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

May 25, 2010

NEW YORK, May 25 /PRNewswire-FirstCall/ — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the “Fund”) today released its monthly…

Amerigroup Expands Leadership Development Program

May 25, 2010

VIRGINIA BEACH, Va., May 25, 2010 /PRNewswire-FirstCall/ — At a time when many local students are challenged with the prospect…

Best’s Rating Notification – Infinity Property & Casualty Group

May 25, 2010

A.M. Best Company has made the following rating update: Company: Infinity Property & Casualty Group AMB Number: 18584 Current Rating:…

Fifth Third Processing Solutions’ CMC Renews Five Financial Institutions

May 25, 2010

CINCINNATI, May 25CMC, the credit division of Fifth Third Processing Solutions, LLC is pleased to announce the renewal of five financial institution clients: “We have a great deal of confidence in CMC, which is why we have worked with them for many years,” said Al Stonum, Bankcard Director at Central Bank.

Harel to raise stake in Jerusalem light rail: It is not known with whom Harel is in talks, or at what valuation for Citypass. [Globes, Tel Aviv, Israel]

May 25, 2010

May 25–Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) plans to increase its stake in the Jerusalem light railway…

Romania Commercial Banking Report Q2 2010 – New Market Report Published

May 25, 2010

Romania Commercial Banking Report Q2 2010 : New Company and Market Analysis Since Q108, we have described numerically the banking…

Citizens Insurance Hands Out Another No-Bid Contract

May 25, 2010

Under public pressure, Citizens Property Insurance Corp. backed down late last year on plans to award a no-bid $60 million contract for managing home reinspections to an inexperienced Jacksonville company…

Transocean’s Excess Insurers Ask Court to Clear Them of Obligation to BP

May 25, 2010

Lloyd’s is asking a U.S. District Court judge to declare that it and other excess liability insurers have no obligation to BP plc in relation to damage claims resulting from the oil clean up in the Gulf of Mexico…

Accenture Unveils Enhanced Technology Solutions to Help Insurers Focus on Operational Efficiency and Profitable Growth

May 25, 2010

LAS VEGAS–(BUSINESS WIRE)– Accenture has unveiled newly enhanced claims and policy administration solutions designed to help property and casualty (P&C)…

Pomerantz Haudek Grossman & Gross LLP Announces That Court Permits Provider ERISA Class Action to Proceed Against Blue Cross Blue Shield Companies for Improper Overpayment Demands and Forced Recoupment

May 25, 2010

NEW YORK, May 25, 2010 (GLOBE NEWSWIRE) — Pomerantz Haudek Grossman & Gross LLP (the “Pomerantz Firm”) today announced that…

Allstate Ratchets Up Washington Recruiting for Third Straight Year

May 25, 2010

BOTHELL, Wash., May 25 /PRNewswire/ — In 2009, Allstate Insurance Company appointed 21 new exclusive agents in Washington for the…

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