June 19– PROVIDENCE, R.I.– The insurance industry has taken its campaign against eleventh-hour right-to-sue legislation for Rhode Island’s auto body shops to the radio airwaves. On Tuesday, the Property Casualty Insurers Association of America launched the campaign to convince Governor Chafee to veto the bill, promoted in the final days of the session by Rep.
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June 19– A new report by federal auditors says a Kansas- based company may have paid out as much as $4.2 million in potentially fraudulent Medicare claims for penis pumps, and the auditors are asking the company to refund the government the money. The vacuum systems are considered durable medical equipment and are therefore eligible to be paid for as claims under…
INDIANAPOLIS& LOUISVILLE, Ky.—- Anthem Blue Cross and Blue Shield and Evansville, Ind. health benefits provider Welborn Health Plans announced today that Welborn has endorsed Anthem as the insurer of choice for its employer groups as Welborn exits the commercial group health market in Indiana and Kentucky. We look forward to presenting Welborn’ s customers with…
NEW YORK, June 19, 2012/ PRNewswire/– KVO Capital Management, an alternative investment firm founded in 2008, announced today that Brooke S. Parish, formerly with York Capital Management, has joined the firm as President and Chief Executive Officer. “I am extremely pleased and excited to join Oakum Bay Capital in a senior leadership position,” Parish said. “
In light of the escalating Eurozone crisis, AltanaFT announces that it is launching RISKALERT, an early warning system for Financial Services Professionals, the first of its kind in the market. It is launching with a one month free trial for all users. It can help a business, as part of their risk management process, to avoid losses from another Northern Rock, Bear…
Any company would be proud to be named a Top Workplace in its state, but to make that claim in Minnesota with its abundance of Top Workplaces is especially significant. St. Paul, MN- based Securian Financial Group, Inc. ranks 15th among the 30 large companies with 500 or more employees on the Minneapolis Star Tribune’ s 2012 list of Top 100 Top Workplaces.
Since its inception in 2000, Private Client Group has upheld a commitment to manage risk proactively. Claims experience on Private Client Group policies underwritten by Chartis insurers has shown that the most common cause of reported yacht claims is bodily injury of crew members, while fire damage ranks highest in terms of loss severity.
June 19– When Jimmy Rogers Jr., graduated from Southern Methodist University in 1956, he knew where he was headed. He knew he wanted to work in his father’s insurance business in El Paso: Rogers& Belding Insurance Agency, which grew to be one of the largest insurance brokerages in El Paso. “I’m still on nine different boards and committees throughout El Paso, and I plan…
Local South Carolina insurance agency, M&P Specialty Insurance, is proud to reveal its new website and accompanying digital marketing campaign aimed at enhancing the way through which the agency connects with, markets to and serves clients across the country. M&P Specialty Insurance is dedicated to serving the insurance needs of steel erectors, tower…
Highmark Inc. will be instituting a new physical medicine program designed to promote appropriate utilization of services and address growing customer concerns over unwarranted variations in the delivery of care that contributes to rising health care costs. Healthways has a great deal of experience in this area working with other insurers, including…
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit ratings of“ a+” of Navigators Insurance Company and its wholly owned and 100% reinsured subsidiary, Navigators Specialty Insurance Company. Concurrently, A.M. Best has affirmed the ICR of“ bbb+” of Navigators’ publicly traded ultimate parent, The Navigators Group, Inc..
The Phoenix Companies, Inc. today announced a series of enhancements to its popular Premier LifeStyle Annuity and Secure LifeStyle Bonus Annuity. These latest product innovations, issued by PHL Variable Insurance Company, a Phoenix subsidiary, are available exclusively through the company’ s partnership with The AltiSure Group. “The persistence of the low…
A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of“ aa-” of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada. Additionally, A.M. Best has affirmed the ICR of“ a-” of Primerica Inc., which is the holding company for the group’ s insurance and…
MDLIVE will formally debut Virtual Medical Office 3.0 at the AHIP Institute 2012 conference held June 20-22 at the Salt Lake City Convention Center, where the company will demonstrate the software and simulate virtual consultations between patients and physicians at Booth 444 on the E Level of the exhibit hall. “The insurance industry is moving towards a…
Childs will report directly to Ed Navarro, Chief International Officer at Starr Companies.“ Nigel’ s financial management expertise as well as international business acumen will serve us well as we actively expand around the world,” states Mr. Navarro. Mr. Childs brings twenty-five years’ worth of experience to Starr working for global insurance companies in…
The Guardian Life Insurance Company of America, one of the nation’ s largest mutual life insurers and a leading provider of employee benefits, announced that Jeffrey Merrill has joined its Group Benefits team as National Manager, Enrollment Services. A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are…
This new service enables pharmacies to bill Medicare, Medicaid and commercial payers by sending standard pharmacy claims to the TransactRx Cross-Benefit Clearinghouse which in real time converts the claims to standard medical claim formats and performs a number of validation steps to insure their highest reimbursement rate. In addition the solution…
West Penn Allegheny and Highmark officials declined comment Monday on the Moody’s report. The report acknowledged its belief that insurer Highmark will be willing to continue supporting WPAHS, and noted that Highmark’s plan to acquire the region’s second-largest health system should win state approval by fall. Without Highmark’s intervention, Moody’s…
Comments should be submitted in writing to Karen A. Gould, Executive Director, Virginia State Bar, 707 E. Main Street, Suite 1500, Richmond, VA 23219, no later than the end of the business day on the day of the deadline. On April 25, 2012, the Virginia State Bar Payee Notification Task Force approved the proposed statute. A. Upon payment by any insurer of at least $5,000 in…
