The company, an official corporate partner of the NCAA, acquired the floor following the 2013 tournament and said it will turn it into souvenir pieces for fans of the national champion University of Louisville Cardinals, with proceeds benefiting Kosair Children’s Hospital in Louisville. Northwestern Mutual said that proceeds from the sale will…
Newswires
Continental Underwriters, a subsidiary of Fidelis Group Holdings, an international provider for all classes of marine insurance coverages, announced that Ed Arbour III, has been appointed the Company’s Director of Marketing. “Ed Arbour is a well-known and respected industry professional,” said H. Elder Brown, Jr., Chairman of Fidelis Group Holdings,.
Best Europe- Rating Services Limited has affirmed the financial strength rating of A- and issuer credit rating of “a-” of PrismaLife AG. Gross written premiums are expected to increase to EUR 250 million by 2014 due to a constant and increasingly diversified distribution network as well as a selective introduction of new biometric risk products.
The stable outlook reflects Al Fajer Re’s improved underwriting and investment results, which reduces A.M. Best’s concerns surrounding the company’s historical volatile performance. In the financial year ending 31 March 2013, Al Fajer Re reported a second year of successive profits in both its shareholders and policyholders’ funds. Positive rating…
Research and Markets has announced the addition of the “The Insurance Industry in Nicaragua, Key Trends and Opportunities to 2017” report to its offerings. There are a total of five insurance companies in Nicaragua: four private and one public limited company. The industry is therefore highly concentrated, with the two- leading insurers accounting for a…
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., announced that it is expanding its team to include four seasoned mortgage and mortgage insurance industry professionals to provide increased support to its customer base. Dan Bayer, Rhys Nevarez and David Davis join the company’s sales team, while Robert Mullins is appointed vice…
Ivy Funds announced that, as a result of the planned retirement of Frederick Sturm as portfolio manager of the subadvised Ivy Global Natural Resources Fund, it will internalize the management of that fund and make portfolio manager changes effective immediately. Ginther has 18 years of investment industry experience and has been with the Waddell& Reed/ Ivy…
Concurrently, A.M. Best has affirmed the ICR of “a” and the existing debt ratings of Great-West Lifeco Inc.. Furthermore, Great-West Life Group’s February 2013 announcement that it will acquire the Irish Life Group, which includes Irish Life Assurance plc, for EUR 1.3 billion, will propel the group to the leading life assurance and pension market position in…
July 14– Sam Makler and Colette Andre fell in love with wine 13 years ago, when they visited Europe. “I never had drank wine,” said Sam, 73, of Edwardsville, a retired insurance, stock and real-estate broker. The couple founded Springers Creek Winery in Edwardsville in 2007, naming it after a nearby creek.
A baseball coach in South Bend, Ind., was arrested and charged with assault, WBND-TV reported, after he jumped the opposing coach and started pummeling him. –At SportsPickle.com: ” NFL announces deal with Lexington National Bail Bonds to become the official bail bonds of the NFL.” –At TheOnion.com: ” David Stern blocks Kevin Durant engagement to WNBA’s Monica Wright.
July 14– Hub International is on a buying spree, which includes a big El Paso purchase last year, that’s made it one of the largest insurance brokerages in the world. The Chicago- based company, with sales expected to surpass $1 billion this year, acquired JDW Insurance last year. “If you are not growing, you’re dying,” said Martin Hughes, 64, Hub chief executive officer,…
July 14– The top administrator of the John B. Amos Cancer Center alleges in a federal whistle-blower lawsuit that the center and its physicians– including well-respected Medical Director Andrew Pippas– repeatedly and knowingly overbilled government insurers. The defendants in the case– Columbus Regional Healthcare System, The Medical Center, the John B. Amos…
July 14– When Iowa lawmakers finally broke a session-long stalemate over expanding health insurance coverage for tens of thousands of low-income Iowans, the news was greeted with great bipartisan fanfare. If all goes according to plan, on Jan. 1, the Iowa Health and Wellness program will provide health coverage to an estimated 150,000 Iowa adults with annual…
July 13– NEW ULM– When a New Ulm city police squad car– traveling at least 70 mph with no lights or siren on a 30 mph street– crashed into a passenger vehicle containing an elderly New Ulm woman and her son in 2011, both Myra Meyer and Brian Wichmann were killed but no criminal charges were filed against Officer Mathew Rasmussen. Two years later, however, the insurer for…
Diane Jenkins remembers when her homeowners insurance premiums were as low as $600 a year, and she laughs…
July 14– The top administrator of the John B. Amos Cancer Center alleges in a federal whistle-blower lawsuit that the center and its physicians– including well-respected Medical Director Andrew Pippas– repeatedly and knowingly overbilled government insurers. The defendants in the case– Columbus Regional Healthcare System, The Medical Center, the John B. Amos…
Internal documents obtained by The News& Observer reveal an ongoing discussion within Blue Cross about whether to scramble or “mask” the data before sending it outside the company’s secure production area. Some computer experts and insurers say that Blue Cross should obscure the data before sharing the information, which includes names, addresses and Social…
July 13– The Peninsula Institute for Community Health, known as PICH, is the beneficiary of a $219,864 grant from the U.S. Health Resources and Services Administration. The 2010 Affordable Care Act provided for the expansion of Medicaid coverage to people with incomes up to 133 percent of the federal poverty level. However, the 2012 Supreme Court ruling on the ACA…
ALEXANDRIA, Va., July 13– Lincoln National Life Insurance, Fort Wayne, Ind., has been assigned a patent developed by four co-inventors for a “method and apparatus for providing retirement income benefits.” The co-inventors are Jeffrey K. Dellinger, Fort Wayne, Ind., Stephen H. Lewis, Fort Wayne, Ind., Denis G. Schwartz, Fort Wayne, Ind., and Jason H. Rickard, Fort Wayne, Ind..
