Great American Insurance Group has announced the hiring of Richard Suter as Divisional Vice President of the Property and Casualty Group’s Alternative Markets Division. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great…
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Word& Brown announced a full suite of services expressly designed to assist Texas- based brokers expand their Medicare portfolio, whether or not they have ever sold Medicare before. “As America ages and Medicare Advantage plans grow in popularity, the Medicare market provides tremendous business potential for Texas’ brokers,” said Gregg Ratkovic, SVP of the Word&…
4 Sight Business Intelligence, Inc. announced the release of Version 3.0 of the 4 Sight Business Intelligence for Property& Casualty. According to a release, 4 Sight for Property& Casualty is a solution with preconfigured reports, dashboards and analytics. 4 Sight Business Intelligence, Inc. provides business intelligence solutions designed specifically…
Old Republic International Corp. announced that its flagship mortgage guaranty subsidiary, Republic Mortgage Insurance Company, had received a Notice of Hearing from the North Carolina Department of Insurance. According to a release, the Hearing is scheduled for October 16, and its purpose is to enable stakeholders to consider a revised Corrective Plan…
Today in federal court, a 41- year-old Minneapolis woman pleaded guilty to stealing more than $1 million from the ING life insurance company. In her plea agreement, Madison admitted that from 2003 through March 6, 2012, she worked as a policy plan and service coordinator for ING. In that capacity, she handled, among other things, requests from ING clients to obtain…
The Independent Insurance Agents of Texas has appointed Frank Karkowsky to its Agency Managers Advisory Council for the 2012 to 2013 term. Frank Karkowsky is President/CEO of Pasadena Insurance Agency, Inc.. Pasadena Insurance Agency, Inc. is a 75- year-old, third-generation, family-owned, boutique independent insurance agency offering property&…
Sept. 27– LAUREL COUNTY, Ky.– An insurance fraud scheme was nipped in the bud with the indictment of an agent who wrote false claims. Christopher Good, 24, was indicted Friday in a 27- count indictment in which he is charged with fraudulent insurance acts totaling over $500. Good is now scheduled for a pretrial hearing in Laurel Circuit Court on Oct. 22.
MINNEAPOLIS– Today in federal court, a 41- year-old Minneapolis woman pleaded guilty to stealing more than $1 million from the ING life insurance company. In her plea agreement, Madison admitted that from 2003 through March 6, 2012, she worked as a policy plan and service coordinator for ING. In that capacity, she handled, among other things, requests from ING…
PEMCO Life and its approximately 7,500 policyholders will join the approximately 60,000 current policyholders of Sagicor USA as a result. Sagicor USA has been in the life insurance business for almost 60 years, and has experienced strong business growth since joining the Sagicor Financial Group in 2005. The Company’s vision is to improve the lives of the…
Los Angeles, CA September 28, 2012. AutomotiveInsuranceCalculator.com, part of the Insurance Quotes USA Finance network, introduces RV insurance as one of the auto insurance products the company offers. The company works with many RV insurance companies across the United States to offer nation-wide service coverage on RV insurance quotes.
VIRGINIA BEACH, Fla.– Amerigroup Corp. said Friday it will sell its Virginia operations to health care provider Inova as it deals with antitrust questions about WellPoint Inc.’ s proposed $4.5 billion acquisition of Amerigroup. Amerigroup said that the U.S. Justice Department had asked for more information about Amerigroup’s operations in Virginia.
WASHINGTON– Shares of biotech developer Dendreon Corp. rose Friday after health insurer Aetna said it would expand coverage of Provenge, the company’s pricey prostate cancer drug. “Dendreon sees this as a positive policy update for patients with advanced prostate cancer who may be eligible for Provenge and reflects Dendreon’s continued efforts to ensure…
We encourage you to read those risk factors carefully along with the other information provided in this current report and in our other filings with the SEC before deciding to invest in our stock or to maintain or change your investment. China United Insurance Service, Inc. is a Delaware corporation organized on June 4, 2010 by Mao Yi Hsiao, a Taiwanese citizen,…
Pompano Beach, FL September 28, 2012. Aplifi, a leading provider of Life& Annuity Order Management, Client Management and Electronic Document Delivery solutions for the financial services and insurance market segments, announced today a strategic partnership with VERTEX Incorporated combining Aplifi’ s ADMConnect platform functionality with VERTEX’ s…
WPS Health Insurance, Wisconsin’ s leading not-for-profit health insurer and provider of affordable Medicare Part D plans and Medicare supplemental insurance, is offering a free eight-page guide aimed at helping Wisconsin residents learn about the proposed changes to Medicare being discussed by policymakers in Washington. Available for free download…
A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to“ a-” from“ a” of PMG Assurance Ltd.. The outlook for both ratings is negative. A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world.
Fir Tree Partners, an $8 billion private investment firm that has been a major policyholder of the Financial Guaranty Insurance Company since 2008, praised the company’s Plan of Rehabilitation that was filed today by the Superintendent of Financial Services of the State of New York. “The Superintendent, the New York State Department of Financial Services,…
Genworth Financial, Inc. today issued the following statement in response to Moody’s Investors Service Inc.’ s extension of their review for potential downgrade of the company’s senior unsecured debt rating. Genworth continues to work with Moody’s on their rating evaluation of the holding company and the U.S. mortgage insurance business.
The Iran- related provisions in the law provide for sanctions on activities related to Iran’s energy and financial sectors, proliferation of weapons of mass destruction, support for terrorism, and human rights abuses. These new authorities greatly increase the pressure on Iran to comply with its full range of international nuclear obligations and engage in…
