June 15– WENATCHEE– Under the threat of layoffs, Wenatchee police and firefighters have agreed to early retirements, unpaid furloughs and increased medical insurance premiums. The buyouts and insurance concessions, announced Thursday, move Wenatchee and its unions closer to Mayor Frank Kuntz’s goal of trimming $1.5 million from the city’s budget.
Newswires
June 15– A group representing General Motors’ 118,000 salaried retirees blasted the automaker’s plan to convert pension payments into equivalent monthly annuity checks that won’t be insured by a federal authority. General Motors Retirees Association President Jim Shepherd, in a June 13 letter to GM CEO Dan Akerson, called the plan “galling” and said GM was…
A.M. Best Co. has downgraded the financial strength rating to C from C+ and issuer credit ratings to“ ccc” from“ b-” of Affirmative Insurance Company and its subsidiaries, collectively known as Affirmative Insurance Group. A.M. Best also has affirmed the FSR of C and the ICR of “ccc” of Affirmative Insurance Company of Michigan. Concurrently, A.M. Best has withdrawn the…
June 15– PORTAGE– Ten months after switching to a self insurance plan for workers’ compensation claims and initiating a safety committee to improve awareness and training, claims regarding workers hurt on the job have dropped dramatically. Sandy Fralich and Jim Krouse of JWF Specialty Co. of Indianapolis, the district’s third-party administrator for…
In an effort to help Americans gauge their level of financial security, Northwestern Mutual recently launched the “Get Your Financial Security Score” game. The game is a mobile tool that customizes financial tips for users and awards them with a score based on their responses to a variety of personal finance-related statements. “We all do things differently…
SUMMARY: This advance notice of proposed rulemaking solicits comment on standardized options that we are considering making available to beneficiaries and their representatives to clarify how they can meet their obligations to protect Medicare’s interest with respect to Medicare Secondary Payer claims involving automobile and liability insurance,…
Pool owners need to take safety precautions, even when their pools aren’ t in use, said Michael Gillerlane, a senior assistant vice president with Amica Insurance…
June 15– Jesse Powell kept a picture from his NFL days that shows him tripping up O.J. Simpson as the then- Buffalo Bills star was cruising toward the end zone. Powell was a Miami Dolphins linebacker during the team’s perfect season of 1972. He died Thursday at University Medical Center. He spent his entire NFL career– 1969 through 1973– with the Dolphins.
While the state of New Hampshire decides whether to approve its largest vendor contract ever- $2.3 billion to hire three companies to manage the care of some 140,000 Medicaid recipients over three years starting in December- questions still remain over how a managed care program will work, both financially and in terms of providing health services.
Alliant Insurance Services, the nation’ s largest specialty insurance brokerage firm, today announced that it recently received several favorable rulings from a U.S. District Court in California in its litigation against Aon Corporation and its subsidiaries. In June 2011, Alliant joined with former Aon employees Peter Arkley, Ken Caldwell and Michael…
Cigna received a 2012 Connecticut Quality Improvement Award Innovation Prize during the 25th Anniversary Conference on Tuesday, June 5 at Saint Clements Castle in Portland, Connecticut. John Poniatowski receives the CQIA prize on behalf of Cigna for the Growth Hormone Initiative. “As a global health service company, Cigna is focused on making medications…
“We saw this in Delaware when Allen Family Foods went bankrupt last year and 120 Delaware growers were put at risk. The studies we propose in this amendment would explore whether insurance programs make sense as a tool for helping our poultry farmers.”…
Chairman Carper, Ranking Member Brown, and Members of the Subcommittee, thank you for the invitation to discuss the Centers for Medicare& Medicaid Services’ program integrity efforts for the Medicaid program. Medicaid is administered by the States within the bounds of Federal law and regulations, and CMS partners with each State Medicaid program to support…
Holland& Knight announced today that it has expanded its Litigation Practice Group in Boston with the addition of David G. Hetzel and Austin P. Olney as partners. Both come to the firm from Dewey& LeBoeuf LLP, where Mr. Hetzel was co-chair of the Energy Litigation Group and Mr. Olney was managing partner of the Boston office. Their track record of success in the…
The Independent Community Bankers of America issued the following letter to Congress:. 133 Hart Senate Office Building. As the Senate considers the 2012 Farm Bill, we oppose amendments that will limit participation in crop insurance by producers, including efforts to impose means testing and limit premium support, and those that threaten efficient and…
Berea City Schools Treasurer Randal Scherf overpaid himself nearly $28,000 in medical insurance expenses, according to an audit released today by Auditor of State Dave Yost. The audit reported findings for recovery totaling $31,387, including $27,899 against Scherf and $3,488 in unrelated findings against a former employee for excess COBRA payments.
The Federal Trade Commission has halted a telemarketing scam that allegedly tricked consumers who were seeking affordable health insurance into buying worthless medical discount plans…
La Familia Auto Insurance is proud to announce its newest office in the Dallas Fort Worth Area. The first two offices are on the intersections of Lake June and Jim Miller Rd, and Lake June and Masters. La Familia Auto Insurance prides itself in providing the most affordable auto insurance, renters insurance, home insurance, surety bonds, motorcycle insurance and…
Surety Solutions Insurance Services, Inc. can now offer Lost Trust Deed or Lost Trust Note surety bonds with approvals obtained in 24 hours or less* and at a very competitive rate. According to California Civil Code 2941.7, a Lost Trust Deed or Lost Trust Note surety bond is required in the event that a re-conveyance was never recorded, and after a“ meticulous…
