Research and Markets has announced the addition of the ” Fleet Insurance and Assistance in the UK” report to its offerings. The Most Comprehensive Analysis Of Fleet Insurance And Assistance In The UK Ever Produced. Fleet Insurance and Assistance in the UK is about the market for and distribution of policies covering motor insurance, road assistance and GAP…
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Allstate Benefits, a provider of employee benefits, and The Guardian Life Insurance Company of America, a mutual life insurer, have announced an agreement to provide a group PPO dental product. “Allstate Benefits is pleased to team up with Guardian to deliver a new option to planholders that complements our already wide- ranging product portfolio,” said Jim Baum,…
May 16– The Wadesboro Town Council adopted a rule on Thursday during a special called meeting for new employees to cut costs. Town Clerk Nancy Huntley said existing employees would be grandfathered. Town Manager John Witherspoon warned at the council’s May 7 meeting that he was concerned the town has been using fund balance to cover lower revenues for several…
New Flood Maps Show Current Risks In Navarro County, Texas. DENTON, Texas– Navarro County, Texas homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into effect. “While many people are required by mortgage and…
On May 15, 2012, pursuant to the Agreement and Plan of Merger, dated as of December 21, 2011, among Delphi Financial Group, Inc., Tokio Marine Holdings, Inc. and TM Investment Inc., Merger Sub merged with and into Delphi, with Delphi continuing as the surviving corporation and becoming an indirect wholly owned subsidiary of Tokio Marine. On May 15, 2012, in connection…
HealthPartners is working to ensure that members who have a high-deductible plan and a health savings account have more affordable access to prescription drugs…
Arthur J. Gallagher& Co. is pleased to announce that its Board of Directors has appointed Eric C. Dean, Jerome S. Hanner and Cara Richardson as Corporate Vice Presidents. He began his career at Arthur Andersen, now Accenture, and over the years was the Chief Information Officer for Andersen Worldwide and United Airlines. Hanner has his B.A. degree in Government from…
During the first three months of 2012, the National Planning Holdings, Inc. broker-dealer network achieved quarterly revenue of nearly $197 million on quarterly gross product sales of more than $4.2 billion. “NPH remains positioned for long-term growth, thanks to a sound business model and steadfast commitment to the independent broker-dealer space, as…
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 Kansas Medical Mutual Insurance Company. The ratings of’ KaMMCO are reflective of its strong capitalization, long-term and consistent record of profitable underwriting and overall earnings performance as well as its…
Great American Insurance Group has expanded responsibilities for three key executives in its Trucking Division, announced this week by Divisional President Mark Calkin.“ We periodically assess our organization to ensure that all employees’ strengths are being utilized to their fullest potential,” Calkin said, as he explained the new roles being assigned to…
Wadsworth Y.H. Yee, a former state senator and one of the founders of Grand Pacific Life Insurance Company, died May 8. He is survived by his wife, Aileen S. Kitaoka-Yee; sons Alan, Randall and Brian; stepsons Barney and Reid Tokujo; stepdaughter Carrie Kitashima; stepbrother Thomas Leong; 17 grandchildren; and seven great-grandchildren. In lieu of flowers, the family…
May 16, 2012 A new study based on a startling court case… Could you be sentenced to prison for selling…
Selective Insurance Group, Inc., announced the following appointments by its subsidiary, Selective Insurance Company of America:. Chakravarthi earned her Bachelor’s of Commerce from Madurai University in India; her Masters in Tax from the University of New Haven in New Haven, CT; and her M.B.A. from the University of Bridgeport in Bridgeport, CT.
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ and issuer credit ratings of“ bbb-” of Cameron Mutual Insurance Company and its wholly owned subsidiary, Cameron National Insurance Company. The revised outlook of Cameron reflects A.M. The ratings of Cameron also recognize its adequate capitalization…
AXA Financial, Inc. announced that Barbara Fallon-Walsh and Bertram Scott have been elected to the Boards of Directors of AXA Financial, Inc., AXA Equitable Life Insurance Company, MONY Life Insurance Company and MONY Life Insurance Company of America. “It is important for us to have board members with varied backgrounds who bring different views and…
Tony Phillips, managing director jointly for Latin America and the Caribbean for Willis Group, is featured in the May 16 edition of BestDay Audio. Willis is a speaker at the Insurance Market Briefing- Latin America, set for June 28 and 29 in Miami. A.M. Best’s 2012 Insurance Market Briefing- Latin America will be held June 28 and 29 at the JW Marriott Marquis in Miami.
A.M. Best Co. has upgraded the financial strength rating to B++ from B+ and issuer credit rating to“ bbb” from“ bbb-” of SWBC Life Insurance Company. The rating upgrades reflect SWBC Life’ s continued growth in risk-adjusted capital as a result of its consistently profitable operating results and the lack of dividend requirements by the parent, Southwest Business…
Fitch Ratings has assigned a’ BB+’ rating to Protective Life Corp.’ s new issuance of subordinated debt. At the same time, Fitch has affirmed the’ BBB+’ Issuer Default Rating rating of PL, the’ A’ insurer financial strength rating of Protective Life Insurance Co. and all other PL ratings. The Outlook for all ratings is Stable.
The insurance industry likes to point to Massachusetts as evidence Obamacare will fail. However, the latest poll taken among people living there like it by a margin of 2 to 1. According to an Urban Study in Massachusetts, 98.1 percent of the population has coverage compared to 83.3 percent nationwide. The latest study shows Medicare is solvent until 2024….
