LOUSVILLE, Ky.– Humana Inc. said Tuesday that it is forming a partnership with nonprofit CareSource to provide services to people who are eligible for both Medicare and Medicaid. Humana has more than five million Medicare members around the U.S., and CareSource has 900,000 Medicaid members. Those patients generate a lot of medical claims and are responsible for…
Newswires
Operating Segments 58 Banking Operation 58 Home Lending Operation 58 Summary of Operation 59 Results of Operations xx Net Interest Income 59 Rate/Volume Analysis 62 Provision for Loan Losses 63 Non-Interest Income 64 Non-Interest Expense 69 Provision for Federal Income Taxes 73 Analysis of Items on Statement of Financial Condition 73 Assets 73…
Because Bank of the James Financial Group, Inc. has no material operations and conducts no business other than the ownership of its operating subsidiary, Bank of the James, the discussion primarily concerns the business of the Bank. However, for ease of reading and because our financial statements are presented on a consolidated basis, references to “we,” “us,” or “our”…
March 20– A hit-and-run driver who fled a three-car collision earlier in March on Monday was in custody, reported Petaluma police. An investigation into the driver’s identity was aided by evidence left at the scene– the suspect’s front bumper and license plate– and a coincidence involving insurance policies, reported Lt. The March 10 crash was on Lakeville…
Pension plan sponsors are shifting away from a traditional asset and return-centric approach…
Everest Re Group, Ltd. today announced that Craig Howie will join the Company as Executive Vice President on March 26, 2012. Mr. Howie joins Everest from Munich Re America where he served as Vice President and Controller since 2005. Having joined Munich Re America in 1989 from Ernst& Young, Mr. Howie brings more than 23 years of insurance industry related…
Guidewire PolicyCenter ® and BillingCenter in production at one of New Zealand’ s largest general insurers. AUCKLAND, New Zealand& SAN MATEO, Calif.—- Lumley General Insurance Limited, its parent company Wesfarmers Insurance, and Guidewire Software, Inc., a provider of core system software to general insurers, today announced that Lumley has successfully…
Starr Cos. said it has opened an office in Singapore after receiving a direct general license from the Monetary Association of Singapore to operate as a direct insurer in the republic. The insurance license was granted to Starr International Insurance Pte. Ltd., a wholly owned subsidiary of Starr Insurance& Reinsurance Ltd.. The company has offices in…
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of A- and issuer credit rating of“ a-” of Federated Rural Electric Insurance Exchange. The Exchange continues to be supported by the National Rural Utilities Cooperative Finance Corporation. A.M. Best believes that both earnings and surplus will continue to…
HAMILTON, Bermuda, March 20, 2012– Maiden Holdings, Ltd. today announced that its wholly-owned U.S. holding company, Maiden Holdings North America, Ltd., has priced the offering of $100 million aggregate principal amount of 8% Senior Notes due March 27, 2042, which are fully and unconditionally guaranteed by Maiden. Maiden NA intends to apply to list the Notes on…
“Moreover, the Affordable Care Act takes important steps to strengthen Medicare by enhancing our efforts to fight waste, fraud and abuse in the program,” continued Sen. Carper. ” By aggressively tackling waste and fraud in Medicare we will continue to help protect the program’s scarce resources and improve services for our seniors. The Affordable Care Act has…
Proceeds from the $300,000 endowment, a gift payable to the UNI Foundation as part of the $150 million Imagine the Impact Campaign for the University of Northern Iowa, will support professional development activities for students, curriculum innovation and enhancement, acquisition of instructional resources, scholarly and practical research, and…
Symetra Life Insurance Company has hired two veteran medical stop-loss insurance professionals to cultivate new and support ongoing relationships with third-party administrators. Both are from R.E. Moulton, Inc., the former underwriting affiliate of American United Life Insurance Company. She previously worked at Northshore International Insurance…
March 20– CEDAR RAPIDS– The storms and tornadoes that tore through Midwestern and Southeastern states in the last week of February will cause United Fire Group to report catastrophic losses of approximately $13 million to $16 million in its financial results for the first quarter of 2012.. Powerful storms spawned multiple tornadoes that ravaged…
The seller of the Northwoods Data Center, 2775 Northwoods, LLC, is not affiliated with the Company, Carter/Validus Advisors, LLC, the Company’s advisor, or its respective affiliates. The acquisition was funded by a $3,300,000 loan secured by a first priority interest in the Northwoods Data Center and net proceeds from the Company’s ongoing public offering.
Consumer advocates testified that allowing Hawaii Medical Service Association, Kaiser Permanente Hawaii and Hawaii Dental Service to remain on the 11- member exchange board would be a conflict of interest because they will have a direct financial stake in decisions of the exchange, known as the Hawaii Health Connector. The amended bill also would apply to…
American Financial Group, Inc. announces the promotions of Vito C. Peraino and Michelle“ Shelly” A. Gillis. Prior to his promotion, Mr. Peraino served as Senior Vice President and Assistant General Counsel of Great American Insurance Group and was responsible for overall claims strategy and claims oversight for Great American’ s property and casualty…
The Hall of Fame’s charter class has 18 members, who were recognized for their outstanding efforts in creating, revising and bettering the Florida workers’ compensation industry. Summit is a leading provider of workers’ compensation services throughout the Southeast, and is a subsidiary of Boston- based Liberty Mutual Insurance. He has served on the review and…
Axis Capital Holdings Ltd. said it will open a new representative office in Sao Paulo, Brazil, to focus on property/casualty business from Brazil and the “Southern Cone.” In March 2011, Axis Re Ltd., an Irish operating subsidiary of Axis Capital, was approved to operate under admitted reinsurer status in Brazil. Axis Re Europe, based in Zurich, is a branch office of…
