CIGNA issued the following news release:. The Global Health Benefits business unit of Cigna and Saudi Arabian Insurance Company B.S.C (C) today announced they signed a joint-venture agreement to enhance their current partnership in developing their portfolio of health, wellness and insurance products targeted to regional and multi-national employers…
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On December 11, 2012, Triad Guaranty Inc. announced that the Illinois Department of Insurance has issued an Administrative Order recommending that the Company’s mortgage insurer subsidiary, Triad Guaranty Insurance Corporation, be placed into rehabilitation, whereby the Department will take possession and control over all of the assets and…
The National Insurance Crime Bureau today released its 2009-2011 Connecticut questionable claims referral reason analysis. The top five cities in Connecticut generating the most QCs last year were New Haven, Hartford, Bridgeport, Waterbury, and Stamford. The top five CBSAs reporting QCs were New Haven- Milford, Hartford- West Hartford- East Hartford,…
Alliant Insurance Services, the nation’ s largest specialty insurance brokerage firm, has announced that property and casualty broker James C. Peasley has joined the company as First Vice President in its Newport Beach office. “Jim Peasley has built an outstanding reputation for program innovation and highly personalized client service in meeting the…
Dec. 12—- A story on CalPERS’ dispute with bondholders on Page B6 Tuesday misrepresented the position of bond insurance company National Public Finance Guaranty Corp. in connection with Stockton’s bankruptcy filing. National Public says unsecured creditors, including CalPERS and bond companies, should be treated equally. Mistakes should be called to the…
Prudential Financial issued the following news release:. The Prudential Insurance Company of America, a Prudential Financial, Inc. company, today announced that the Verizon Management Pension Plan has purchased a single premium group annuity contract from Prudential Insurance to settle approximately $7.5 billion of pension liabilities of the Plan.
ACF Insurance Services, Inc. is making communication a two-way street through consistent updating of the agency’ s Facebook, Twitter and LinkedIn profiles as well as its interactive blog. Social media is a great way to connect immediately with a trusted agent at ACF Insurance Services, Inc. in the event of a disaster, after hours, or on the go; providing multiple…
The partners at Healthcare Solutions Team, Grant Born and Joe Eichman, recently discussed the state of the healthcare insurance industry and other healthcare related topics on CEO IntroNet TV. The two joined fellow industry experts to provide in-depth analysis on healthcare reform, critical healthcare changes and trends, and how these issues are impacting…
The Office of the Superintendent of Financial Institutions is about to lay out certain standards for the three mortgage insurers of Canada which it expects them to follow while underwriting fresh policies, says Tara Perkins, a real estate reporter of The Globe and Mail. OSFI has recently been assigned the duty of administering and supervising Canada…
Guidewire Software, Inc., a provider of core system software to Property/Casualty insurers, announced that John P. Cavoores has been elected as a Director to Guidewire Software’s Board. “We are pleased to welcome John Cavoores to our Board of Directors,” said Marcus Ryu, chief executive officer, Guidewire Software. ” Past positions include that of President and…
New York Life announced that John O’Gara and Richard Simonetti have each been elected SVP in the company’s Agency Department, reporting to EVP and Head of Agency Mark Pfaff. O’Gara is responsible for New York Life’s wholesaling operations across all product lines within the Agency distribution channel including life insurance, annuities, investments and…
New York Life announced that John O’Gara and Richard Simonetti have each been elected senior vice president in the company’s Agency Department, reporting to Executive Vice President and Head of Agency Mark Pfaff. According to a release, O’Gara is responsible for New York Life’s wholesaling operations across all product lines within the Agency…
Janney Capital Markets announced that it has deepened its Equity Research and Investment Banking capabilities with the addition of a health care vertical and hiring of five talented and experienced professionals from ThinkEquity. Prior to ThinkEquity, he served as a senior research analyst at Madison Williams as well as Director of Research at Summer…
Dec. 11– Young County Commissioners talked insurance but took no action at Monday’s meeting. Casi Clarich from Texas Association of Counties which provides some type of insurance for three-quarters of the state’s counties, entered a bid for $64,659 to cover the county’s risk for the year while the county’s current insurer Jackie Webb of Webb Insurance of…
Dec. 11– Clay County Commissioners agreed Monday to add the county’s seven-year-old voting machines to be covered by insurance when they are off premises, but only about half of what they paid for them. County Clerk Kayla Wang estimated the 22 voting machines, scanners, poll books and support equipment cost around $70,000, but considering how quickly electronic…
HOUSTON, Dec. 11, 2012– HCC Insurance Holdings, Inc. today announced the appointment of Carol T. Nevin as President of United States Surety Company, a member of the HCC Surety Group, effective January 1, 2013. Carol is a proven and knowledgeable leader in the contract surety field and the surety industry at-large, “stated Richard E. Klein, Chairman of HCC Surety Group.
Dec. 11– SOUTH BEND– South Bend Community School Corp. employees who carry the district’s health insurance, along with their covered dependents, could have access to free medical services at one or more primary care clinics in the coming months. Curt Novotny, executive director of human resources for the corporation, said a committee, comprised of…
Arthur J. Gallagher& Co. today announced the acquisition of Charter Lakes Marine Insurance Agency, headquartered in Grand Rapids, Michigan. Charter Lakes is one of the largest insurers of yachts, boats and passenger vessels in the United States, serving clients from its offices in Michigan, Florida, Maryland, North Carolina and Texas. Dan Longman and his…
York Risk Services Group, a premier national provider of claims-management, specialized loss adjusting, insurance pool administration and other insurance services, today announced that Daniel R. Sullivan will assume the position of President, Frank Gates Ohio and SVP York Risk Services Group. About York Risk Services Group. York Risk Services Group is a…
