Each new recruiting class has proven more successful than the last, breaking records in terms of sales for new hires, “said Rich Simonetti, vice president in charge of field recruiting at New York Life. According to the Company, for New York Life Partner Erica Takach of Chicago, a lack of advancement opportunities as an executive at a large retailer compelled her to…
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A.M. Best Co. recognizes that changes in the economic environment can significantly affect insurers’ underwriting income, investment income, capital gains, asset values and, consequently, surplus. A.M. Best’s ratings process incorporates an analysis of economic factors as one of the sources of risk to an organization’s financial health; compares individual…
AmeriLife, the nation’ s largest privately owned, senior-focused insurance marketing organization, brought aboard five insurance industry specialists to bolster the burgeoning company’ s administrative needs, President and CEO Timothy O. North announced today. Thomas M. Donegan, Jr. joins AmeriLife as its Senior Vice President and General Counsel, having…
Feb. 17– Hotelier Harris Rosen debuted his new employee medical clinic Friday, tripling the size of the company’s health care center on International Drive. With about 40 staff members, the Rosen Medical Center provides the primary care for more than 2,000 employees of Rosen Hotels& Resorts and their dependents. We didn’t believe that the insurance company had…
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our Consolidated Financial Statements and accompanying notes which appear elsewhere in this Form 10- K. It contains forward-looking statements that involve risks and uncertainties. Please refer to “Note on Forward-Looking…
Scott Brown, has written to the U.S. Department of Health and Human Services backing a Massachusetts Fishing Partnership application for a three-year, $4 million grant for a project aimed at helping fishermen find their best fit for health insurance. “The project has three primary tasks,” states the application from the partnership, which has extensive…
At December 31, 2011 we operate or manage 75 long-term health care centers with 9,456 beds in 10 states and provide other services in one additional state. In July 2011, CMS announced a final rule reducing Medicare skilled nursing facility PPS payments in fiscal year 2012 by $3.87 billion, or 11.1% lower than payments for fiscal year 2011. We estimate the…
In this position, Hayes will report to Cameron Bready, ITC’s executive vice president and chief financial officer. Hayes will be responsible for all treasury and cash management activities, financial planning and analysis, management reporting and risk management and insurance functions for the company. Hayes holds a Master of Business Administration…
We recommend that you read this discussion together with our consolidated financial statements and related notes included elsewhere in this report. We make forward-looking statements in this report, other reports and in statements we file with the SEC and/or release to the public. Broadly speaking, forward-looking statements include: projections of our…
Through a collaboration with Progressive ® Insurance and Electronic Arts Inc., sparkly unicorns will soon be commonplace in virtual homes all over the world. “We wanted to make a quest that was fun and rewarding, but didn’ t jeopardize the integrity of the experience for the user,” said Chris Scott, Progressive’ s emerging media manager.“ It will play like other…
The countersuit comes in response to a suit filed by PMA on Jan. 31 that sought to have the court excuse it from obligations to defend and pay for a civil lawsuit filed against Penn State in connection to the Sandusky matter. In that lawsuit, PMA said only one policy should apply, and even then Penn State may not be covered under exclusions including “abuse and…
Progressive Casualty Insurance Co. is looking to fill 1,100 phone representative positions in five states and also has several hundred other positions available, a company official said. John Hoppes, the company’s national employment director, said the positions are a combination of vacancies being filled and new positions. The jobs will be spread in…
NEW ORLEANS, La.– Livingston Parish property owners without flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into effect on April 3, 2012. “We encourage residents to look at the flood maps now and to be familiar with the latest risks of potential flooding in their area,” said Andre Cadogan,…
Mr. Mellon has an extensive background in international auditing and accounting, with specialty focus in providing technical guidance on statutory matters and Generally Accepted Accounting Principles standards. Mr. Mellon also has significant experience developing and implementing internal audit, model audit, enterprise risk management and Sarbanes…
Nationwide reported $585 million in net operating income in 2011, compared to $1.1 billion in 2010…
High equity-market volatility, low interest rates, sluggish U.S. economic growth and the evolving eurozone debt crisis continue to weigh heavily on the investment portfolios of U.S. life insurers…
1In a rare display of bipartisanship, three powerful Republican House committee chairmen have signed on to a DFL bill to establish a health insurance exchange for Minnesota, a required but controversial piece of the Obama administration’s health care law…
PS: Please describe your professional background and your position as senior vice president, risk control, for CNA. Bill: CNA is the seventh largest commercial insurance writer and the 13th largest property and casualty company in the U.S. PS: UL’s new professional designation, RRE, was awarded to 200 of CNA’s commercial risk control staff in the U.S., Canada and…
Montana’s federally funded health insurance “high risk pool” for the hard-to-insure will blow through its initially allocated $16M this year, and needs another $6 to $7M to cover its 2012 costs…
