Number one is to take care of dependents. Sometimes the family of the deceased is left with huge debt or financial obligations, not knowing where the money will come from to pay them off…
Newswires
June 15– Laurel: To the Allegheny County Sheriff’s Department. A veteran deputy shot and killed a distraught, gun-wielding man menacing the streets of East Liberty on Wednesday. Caseloads are down in Allegheny County Common Pleas Court.
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of “a” of Farmers New World Life Insurance Company. FNWL is owned by Farmers Group Inc., a provider of personal lines insurance whose parent is Zurich Financial Services Ltd.. A.M. Best believes Farmers New World is well positioned at its current rating level for the foreseeable…
Cellcontrol, a developer of distracted driving solutions, announced the launch of a program with specialist member-owned insurer Privilege Underwriters Reciprocal Exchange to help prevent distracted driving incidents caused by teenage drivers. According to a release on June 12, as part of the pilot program, Pure has offered complimentary devices and a…
Boston- based Liberty Mutual Insurance, a global property and casualty insurer, announced that it would renew its sponsorship of Boston’s July 4 tradition, The Boston Pops Fireworks Spectacular, through 2015.. Liberty Mutual Insurance, headquartered in Boston, first began its sponsorship of The Boston Pops Fireworks Spectacular in 2005..
June 14– John Hancock Financial Services has abruptly announced the retirement of company President Jim Boyle, who led the Hub-based insurance giant since 2009.. “I want to thank Jim for his considerable service to John Hancock,” Donald Guloien, CEO of Hancock parent Manulife, said yesterday in announcing Boyle’s plan to leave Sept. 1. He’ll be replaced by Craig…
June 15– DURHAM– Executives of five of the state’s largest insurers said Thursday health care costs will continue to rise in the coming years if there’s not a coordinated effort to revamp the nation’s health care system. “The system is broke,” declared Tracy Baker, CEO and president of WellPath. ” Baker joined executives of Aetna, Cigna, BlueCross BlueShield and…
Employers, brokers and consultants should carefully consider the total cost of poor employee health, not just the more identifiable medical and pharmaceutical costs, according to a new productivity insight paper titled Productivity Insight #1– Health-Related Lost Productivity: Causes and Solutions from Standard Insurance Company.
“Pacific Guardian Center is pleased to accept USGBC’ s LEED Silver Certification in recognition of our sustainability efforts.” said PGC Asset Manager, H. Brian Moore, Senior Vice President, Pacific Guardian Life Insurance Company.“ Through this achievement, we have demonstrated our commitment to environmental stewardship, while also lowering operating costs…
American International Group, Inc. confirmed today that, as a result of the recently completed auctions by the Federal Reserve Bank of New York of certain Maiden Lane III LLC assets, the outstanding loan by the FRBNY to ML III has been fully repaid. The maximum support authorized by the U.S. government to AIG reached $182 billion in 2008, of which $21 billion was…
Melbourne, Australia June 15, 2012. According to IBISWorld industry analyst Tim Stephen,“ industry revenue depends on three things: policy pricing, demand for insurance and the popularity of agents and brokers as a medium for distributing and purchasing insurance”. As such, anticipated insurance price increases will contribute to a forecast 4.3% rise in…
The under review status follows Co-operators June 6, 2012 announcement of a definitive agreement under which Roins Financial Services Limited, an intermediate holding company of RSA Insurance Group plc, will acquire L’ Union. The ratings will remain under review until completion of the transaction and until A.M. Best conducts further analysis and…
DALLAS– The Texas financial adviser who committed suicide last year as federal investigators probed his management of college coaches’ money changed his life insurance less than a month before his death to make former University of Houston football coach Bill Yeoman the beneficiary of $1.8 million. The 11th- hour change in Salinas’ life insurance, detailed in…
A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of“ a-” of HSBC Insurance Company of Delaware. The lending business of HSBCFC was historically a significant source of business for HSBC Insurance Company. Best’ s expectation that HSBC Insurance Company will continue to generate solid operating earnings along with…
Based on the study findings each year, Eastbridge Consulting recognizes a large and a small company that has led the industry in voluntary sales growth. Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.. Eastbridge Consulting Jennifer Davis, 860-676-9633.
MassMutual’ s Retirement Services Division recently hosted a series of symposiums for its nationwide network of retirement plan advisors and Third-Party Administrators. “MassMutual’ s latest symposiums focused on a different and innovative way of thinking,” states Hugh O’Toole, senior vice president of sales and client management for MassMutual’ s…
Members of the county Board of Supervisors voted 4-0 Tuesday to approve unrelated contracts with the Iowa Communities Assurance Pool for property and risk management insurance and with NaphCare Inc., of Birmingham, Ala., to provide medical services for up to 250 inmates during the fiscal year starting July 1. The insurance policies through ICAP actually…
A.M. Best Co. is a sponsor of the National Association of Mutual Insurance Companies’ Annual Management Conference, to be held June 24-27 at the Vail Mountain Resort& Spa in Vail CO.. A.M. Best is a leader in providing financial strength ratings, credit ratings and debt ratings for property/casualty and life/health insurers worldwide. A.M. Best Co. Stacey Ancker,…
The American Bar Endowment, a nonprofit affiliate of the American Bar Association, has selected the Chubb Group of Insurance Companies as the preferred provider of cyber liability insurance for ABA members. Chubb’ s CyberSecurity for Law Firms covers losses that typically are not covered by a lawyers professional liability policy, including cyber breach…
