Office Address: Department of Health and Human Services; Centers for Medicare& Medicaid Services; Office of Acquisition and Grants Management; 7500 Security Blvd.C2-21-15 Baltimore MD 21244-1850. Centers for Medicare& Medicaid Services. SHIP Performance Measurement and Reporting System Sources Sought The Centers for Medicare& Medicaid Services is…
Newswires
The RAND Corporation issued the following news release:. The RAND Corporation, Risk Management Solutions, Inc. and private investors have launched a company named Praedicat, Inc., that will provide consulting services and software to the property and casualty insurance industries, officials announced today. “The RAND Corporation is committed to pursuing…
“Helping people live safer, more secure lives” since 1912, Boston- based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company’s report of 2010 net written premium. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion…
An insurance company has filed a $200,000 civil lawsuit against Shelly Annette Spencer and her husband, Lewis, related to the woman’s $1.3 million embezzlement from a Chesapeake- based construction firm. According to the Circuit Court complaint, Westfield Insurance Company was forced to pay $200,000 to Higgerson-Buchanan Inc. to satisfy the employee…
Allstate Insurance Company announced the unveiling of four custom motorcycle creations inspired by the company, one of which will be given away as the grand prize in a national sweepstakes. “These four beautiful and elaborate creations tell a unique story about our motorcycle product, industry innovations and rider advocacy efforts,” said Keith Rutman, vice…
In preparing the March 2012 baseline budget projections, CBO and the staff of the Joint Committee on Taxation have updated estimates of the budgetary effects of the health insurance coverage provisions of the Affordable Care Act– the health care legislation enacted in March 2010. *Establish a mandate for most legal residents of the United States to obtain…
March 14– BlueCross BlueShield of Tennessee said Wednesday it will pay a $1.5 million penalty to the federal government to settle potential violations of patient information rules stemming from the 2009 theft of 57 hard drives from the insurer. They contained protected health information of more than 1 million BlueCross customers including their names,…
March 14– A financial services firm that was an original tenant of Ballantyne Corporate Park said Wednesday it is relocating its Charlotte operations to Innovation Park, the upstart office campus in University City. AXA Equitable Life Insurance Company, a New York- based company with its Charlotte operations in Ballantyne since 1998, signed a lease to move…
March 14– Former Benton Township Trustee Heather Cohee was arrested Wednesday on felony theft and drug charges after police accused her of stealing a prescription pad from a previous physician employer, forging and obtaining prescriptions of hydrocodone. It’s likely that a special prosecutor from outside Monroe County will have to be assigned to pursue…
According to the authors of a study from Maroochydore, Australia, “Within the context of a competitive insurance market, this paper examines the impact of ambiguity on the behavior of buyers and sellers.” It is shown that if insurers face the same or less ambiguity than their customers, a unique equilibrium exists where customers are fully insured, “wrote S. Anwar…
American Safety Insurance Holdings, Ltd. announced its formation of American Safety UK, Ltd., a London based company that will produce casualty treaty reinsurance for American Safety Reinsurance, Ltd., the Company’s reinsurance subsidiary. The operations of American Safety UK, Limited are expected to commence in the second quarter of 2012, subject to…
Arch Capital Group Ltd. announced that it will acquire Ariel Re’s Credit& Surety reinsurance operations based in Zurich. Upon the closing of the transaction, Ariel Re’s Zurich based team will transfer to the Zurich office of Arch Reinsurance Europe Underwriting Limited and will be fully operational with immediate effect, ensuring a seamless transition for…
A new report from the National Insurance Crime Bureau confirms what many Americans have learned through news reports and, unfortunately, their own experience that thefts of copper and other metals are occurring all over the nation. In an unclassified intelligence assessment first released in 2008 and modified in 2010, the Federal Bureau of Investigation…
Farmers Insurance claims personnel, agents, District Managers and employees throughout the tornado stricken areas of Ohio are helping victims of the tornadoes that struck last evening. Farmers Ohio State Executive Director Dan Lewis stated that Farmers’ teams are in full operation helping customers throughout the stricken areas. ” Foremost Insurance…
XL Group plc’s North America Construction and Surety units today unveiled CapAssure, a collaborative solution to address performance risk on private construction projects using elements of contractor and subcontractor risk analysis. “By combining coverage for contractor and subcontractor performance risk, CapAssure is a transformative product for…
USI Insurance Services announced the acquisition of the Euclid Insurance Retail Property& Casualty and Employee Benefits Division from Euclid Insurance Services, Inc. The Euclid Retail Business, based in Itasca, Illinois, is expected to contribute approximately $7.3 million in revenues to USI on an annual basis. Euclid Insurance Services, Inc., is…
Global professional services company Towers Watson has released an updated version of its Emblem pricing software. Duncan Anderson, Towers Watson’s global property& casualty pricing and product management leader, commented, “We are very excited by how, in pilots we have undertaken in the United States and Europe, the new version of Emblem has revealed…
Most recently, he served as Deputy Chief Representative in the New York office of Nippon Life Insurance Company, the parent company of Nippon Life Benefits. Murai succeeds outgoing President and CEO Toshihiro Nakashima, who will be rotating back to Nippon Life Insurance Company in Tokyo to serve as General Manager of International Investments Department.
Preferred Concepts, LLC, a leading national program administrator and specialty insurance broker, has appointed Georgeanna Munger, Vice President, to manage the company’s ezumbrella.com business unit. She will report to Francesca D’Angelo, Executive Vice President. Christopher Treanor, President of Preferred Concepts, commented: “Georgi is a born leader.
