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Scott Ryles, CEO of Home Value Insurance Company, is available as an expert resource to comment on Friday’s upcoming speech by Federal Reserve Chairman Ben Bernanke. Since September 2011, Home Value Protection insurance has been available from Home Value Insurance Company. About Home Value Insurance Company and Home Value Protection insurance: Home Value…

For 2011, HSA contributions are tax deductible up to $3,050 for individuals and up to $6,150 for families. In 2012, tax-deductible contribution limits have been increased to $3,100 for individuals and $6,250 for families. “HSAs make sound financial sense because they enable consumers to save tax-free for their current and future medical needs,” said Richard…

Monique F. Leroux, President and Chief Executive Officer and Chair of the Board of Directors of Desjardins Group, has been named “2011 Financial Personality of the Year” by Finance et Investissement. The selection panel recognized the positive results posted by Desjardins Group and the effect of the reorganization of the co-operative movement that she was…

Delphi Financial Group, Inc. announced that its Board of Directors declared a cash dividend of $0.12 per share on the Company’s common stock for the first quarter of 2012. Such dividend will be payable on March 6, 2012 to shareholders of record at the close of business on February 21, 2012. Delphi Financial Group, Inc. is a financial services company focused on…

“Bruce Walker is an accomplished financial services executive who shares our commitment to delivering exceptional value and service to companies and their employees,” said Toshihiro Nakashima, President and Chief Executive Officer of Nippon Life Benefits. ” Before that, he was Senior Vice President and Chief Financial Officer at Swiss Re Life and Health…

Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. The Chubb Travel Risk Survey also showed that 61% of travelers said they would be concerned about how to locate…

Arthur J. Gallagher& Co. announced the acquisition of ProSource Financial, LLC. in Westchester, Illinois. Founded in 1986, ProSource Financial, LLC. is an employee benefit insurance broker that offers a full range of group employee benefit products and consulting services to their clients in the Midwestern United States. Leo J. Shapiro and his colleagues will…

The Allstate Corporation announced that John W. Rowe, 66, chairman and chief executive officer of Exelon Corporation, has been elected to its board of directors. Effective February 7, his election increases the number of Allstate board members to 12. Rowe will stand for election with all board members, who are elected annually, at Allstate’s shareholder…

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…

A.M. Best Co. has downgraded the financial strength rating to A from A+ and issuer credit rating to “a” from “aa-” of New England Mutual Insurance Company. These rating actions follow the decision and subsequent regulatory approval of NEMIC to unwind itself from the existing pooling agreement with Quincy Mutual Group, under which NEMIC carried an FSR of A+ and an ICR of “…

A.M. Best Co. has downgraded the financial strength rating to A from A+ and issuer credit rating to “a” from “aa-” of Mountain West Farm Bureau Mutual Insurance Company. In addition, despite improvement from 2010, the company’s underwriting losses remained elevated in 2011. Furthermore, Mountain West’s business concentration in Wyoming and Montana exposes it to…

Windsor Health GroupSM announced that Hassan Rifaat, M.D., has joined the company as President of the company’s Medicare Advantage business, Windsor Health PlanSM, based in Nashville, Tenn. Dr. Rifaat will focus on growing Windsor Health Plan’s core business of providing Medicare- eligible clients with quality healthcare coverage. Rifaat is a proven leader in…

Research and Markets has announced the addition of the “2012 Worldwide Health& Medical Insurance Carriers Industry- Industry& Market Report” report to their offering. The report features 2012 current and 2013 forecast estimates on the size of the industry for the 47 largest world countries, such as Japan, China, India, Russia, Canada, Mexico, Brazil, Argentina, UK,…

On November 28, 2011, Presidential Life Insurance Company executed retention agreements in the event of a change in control in Presidential Life Corp. with: Mitchell R. Anderson, Senior Vice President and Chief Marketing Officer of the Insurance Company, Jay Matalon, Vice President and Chief Accounting Officer of the Insurance Company and the Company, and (c)…

Investment company Paulson& Co. Inc., which owns 8.4%, of Hartford Financial Services, sent a letter to Liam McGee, Hartford’s chairman, president and chief executive officer, outlining why spinning off the P/C operations would benefit shareholders. “We have done exhaustive research on the challenges and opportunities of the Hartford and believe that a…