Dec. 09– LAND O’ LAKES– The idea that “no good deed goes unpunished” may have originated with a cynic, but there is nothing cynical about Mary Arment and she has begun to embrace its essential truth. She left at the end of 18 years to join health insurance giant Humana as a “telephonic nurse educator”– that is, a case-managing nurse who kept in touch, by telephone, with a list of…
Newswires
Based on investigations conducted by the Fla. Department of Financial Services, the planner, who was never licensed in Florida as an insurance agent, was sentenced to 34 months in prison followed by 25 years’ probation…
The American Council of Life Insurers issued the following news release:. In adopting the Valuation Manual today, the NAIC took an important step toward a principle-based reserve methodology for life insurance reserves. The Manual spells out the steps life insurers and regulators will take in determining principle-based reserve levels.
Dec. 09– MCALLEN– After the polls closed on Election Day, Aaron Thorburn’s phone started ringing. And with President Barack Obama returning to the White House, business clients wanted advice on the administration’s health care reform law. While President Obama had signed the Patient Protection and Affordable Care Act into law on March 23, 2010, many Rio Grande…
W. R. Berkley Corp. announced that Michael P. Dandini has been named president of FinSecure. William R. Berkley, chairman of the board and chief executive officer of W. R. Berkley Corp., said: “Mike brings a wealth of knowledge and experience to FinSecure. W. R. Berkley Corp. is an insurance holding company.
Allianz Life Insurance Company of North America promoted Dwan Norwood to director of Midrange Operations within the Information Technology group. During his time with Allianz Life, he has made significant contributions to ensure more effective operations and strategic planning. Prior to that, Norwood was a senior manager of Information Protection with…
Aetna announced that its subsidiary, Aetna Life Insurance Company, has been approved by Florida regulators to begin selling individual Medicare Supplement plans in the state. According to a release, beginning March 1, 2013, beneficiaries with original Medicare will be able purchase the plans directly from Aetna, either by phone or during a personal sales…
Concurrently, A.M. Best has affirmed the ICR of “a-” as well as the existing debt ratings of Lincoln. Additionally, A.M. Best has downgraded the FSR to A from A+ and ICR to “a+” from “aa-” of Lincoln’s stand- alone subsidiary, First Penn-Pacific Life Insurance Company. A.M. Best notes LNL’s proactive efforts in managing both its universal life with secondary guarantees and…
A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to “a-” from “a” of The Providence Mutual Fire Insurance Company. A.M. Best believes that Providence Mutual is well positioned at its current rating level in the near to medium term. A.M. Best Company is an insurance rating and information source.
A.M. Best Upgrades Ratings of National Security Insurance Company [Professional Services Close – Up]
A.M. Best also has affirmed the FSR of B++ and ICR of “bbb” of National Security Fire and Casualty Company. In addition, A.M. Best has affirmed the FSR of B+ and ICR of “bbb-” of NSFC’s wholly owned subsidiary, Omega One Insurance Company, Inc.. Concurrently, A.M. Best has affirmed the ICR of “bb” of the parent holding company, The National Security Group, Inc..
The Federal Reserve Bank of New York today announced that Sara Horowitz, founder and executive director of Freelancers Union and chief executive officer of Freelancers Insurance Company, has been appointed a Class C director of the New York Fed by the Board of Governors of the Federal Reserve System starting January 1, 2013, for a three-year term ending…
Dec. 09– An occasional correspondent with whom it turns out I have some things in common, such as experience with East Coast train travel and familiarity with various sites in Connecticut, was thoughtful enough to issue a recent warning as to what I’m getting into. “Retirement is not for sissies,” wrote Bill LaPorte, who is himself retired from the insurance industry…
Snyder also ruled that the attorneys working on the case– Mark Geragos, Brian Kabateck and Roman Silberfeld– can spend up to $15,000 to continue trying to contact the non-responsive claimants. To that end, Snyder ruled that all settlement money set aside by French insurer Axa S.A. shall remain in the compensation fund. The original lawsuit stems from allegations…
Dec. 08– No one is going to live forever, but life insurance is something many people don’t want to think about, can’t afford, or perhaps don’t need. It doesn’t help that dealing with it can be confusing and a little daunting. You want to lose that bet, “said Robert Hunter, director of insurance for Consumer Federation of America.”
Dec. 08– The Health Systems Quality Assurance Division of the state Department of Health recently took disciplinary actions or has withdrawn charges against these Clark County health care providers. In October, the Dental Commission ended the probation of dental assistant Oscar Daniel Nieves. In October, the Dental Commission ended the probation of dentist…
LOUIS– University of Missouri System employees who don’t want to see their health insurance premiums or deductibles increase might consider taking matters into their own hands. Betsy Rodriguez, vice president of human resources, said about 24 percent of health risks across the system are modifiable. The UM System’s medical costs have increased from about…
Edwards Wildman Palmer LLP issued the following news release:. Craig Stewart and Eric Hermanson, attorneys in Edwards Wildman’s Insurance and Reinsurance Department, authored an article about the Pliva v. Mensing: The Continuing Aftermath of the Supreme Court’s Preemption Ruling on Claims Against Generic Drug Manufacturers, “the lawyers discuss how…
Dec. 08– The most obvious solution for a safer Modesto is raising taxes, hiring more police and spending money to beef up firefighting units. Mayor Garrad Marsh held a forum Friday to get other ideas from the community before he unveils a public safety plan that most everyone expects will include additional taxes and hiring. About 100 people from business,…
The specialist motorcycle insurance comparison site– an offshoot of Motor Cycle News– has teamed up with a huge range of MCN’ s sister publications to offer a free copy to everyone who obtains a quote. For example, 15% of 560 MCN Compare customers surveyed in December 2011 saved over £150 on their insurance, while the average saving was £94.*.
