The European Commission has authorised aid granted by Belgium, France and Luxemburg for the orderly resolution of the Dexia group, the sale of its subsidiary DMA and the restructuring of Belfius. Joaquin Almunia, Commission Vice President in charge of competition policy, said: “I am happy to finally be in a position to approve the resolution plan of Dexia, which…
Newswires
Chevron to Pay $1.7 Million to Resolve Allegations Over Reimbursement Claims for Gas Station Cleanup
Chevron USA, Inc. and Texaco Downstream Properties, Inc. will pay $1.7 million to resolve allegations they received reimbursement payments from a state fund for gas station cleanup projects even though Chevron and Texaco sought and received payments from their insurers, Attorney General Martha Coakley announced today. According to the UST Fund’s…
Children’s Hospital of Philadelphia physician Cindy W. Christian was nominated for her recent role on a governor’s task force in crafting sweeping changes to Pennsylvania child-protection laws in the wake of the Jerry Sandusky child-abuse scandal. Another health-care professional lauded for her work in the trenches is Donna L. Torrisi, the…
The prosthetic legs enable the 52- year-old Erie woman to get out of her motorized wheelchair and stand on her own. The only problem was that her health insurer, Highmark Blue Cross Blue Shield, told D’Aurora it wouldn’t pay for them. Twice, Highmark said the new legs weren’t a “medical necessity” before finally approving them a week ago, just before Christmas.
Dec. 29– In its latest move to reshape how healthcare is delivered, Florida Blue, the state’s largest health insurance network, has formed an alliance with Holy Cross Hospital in Fort Lauderdale to deliver integrated care intended to improve quality and lower healthcare costs. Florida Blue already has similar arrangements with a group of Miami-Dade…
StoneRiver, Inc., an insurance technology partner with solutions across multiple business lines, and SCOR Global Life Americas, have teamed up to offer a solution for the rapid underwriting of simplified issue products. According to a release, the solution integrates Velogica, SCOR’s automated underwriting engine, and LifeSuite Results Manager,…
On December 21, 2012, Altisource Residential Corporation’s spin-off from Altisource Portfolio Solutions S.A. was completed, and shares of the Company began regular trading on the New York Stock Exchange under the symbol “RESI” on December 24, 2012. The Distribution was effected pursuant to the Separation Agreement, dated as of December 21, 2012, between the…
On December 21, 2012, Altisource Asset Management Corporation’s spin-off from Altisource Portfolio Solutions S.A. was completed, and shares of the Company began regular trading on the OTCQX market tier operated by OTC Markets Group, Inc. under the symbol “AAMC” on December 24, 2012. The Distribution was effected pursuant to the Separation Agreement, dated as…
US Department of Labor provides grant increment to assist Kentucky with health insurance payments for jobless workers. WASHINGTON– The U.S. Department of Labor today announced a $1.4 million National Emergency Grant increment award to the Kentucky Education and Workforce Development Cabinet’s Department for Workforce Investment.
Seeing this, ABC officials start planning their own singing contest with judges Madonna, Lady Gaga and holograms of Tupac and Biggie Smalls. –and buy a house on River Road in Beaver. Having an Oscar-winning actress in town won’t change Beaver a bit, Witherspoon tells a camera crew from TMZ, which opens a satellite office on Third Street.
There are plenty of holiday parties going on at this time of year, and alcohol is available at many of these gatherings. Amica Insurance is offering tips on how to be a responsible party host and help stop drinking and driving. “Everyone likes to take part in a little holiday cheer,” said Tony Noviello, an assistant vice president with Amica Insurance.“ But make sure…
SUMMARY: Notice is hereby given of the final approval of a proposed information collection by the Board of Governors of the Federal Reserve System under OMB delegated authority, as per 5 CFR 1320.16. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer–Cynthia Ayouch–Division of Research and Statistics, Board of Governors of the…
The tax rate will go from 1.5192 mills to 2.4762 mills, which council President Barry Hosier said will mean an average increase of $75 to $100 per household. In addition, residents recently learned they will have to pay $50 extra for federally backed flood insurance because deficiencies in West Pittston’s flood management plan weren’t remedied by the Dec. 1…
Dec. 28– ASHLAND– King’s Daughters Medical Center is seeking a federal judge’s permission to join in a lawsuit against one of the state’s managed care Medicaid providers. According to KDMC, Appalachian Regional Healthcare– which operates a network of eight hospitals in Kentucky and two others in West Virginia– filed the suit after Coventry tried to terminate…
Aetna Life Insurance Co. has been fined $1 million by the Washington State Insurance Commissioner for issuing unapproved health, disability or life insurance policies over several years…
Dec. 28– EDITOR’S NOTE: We’re marking the passing of one year and the approach of another with eight pure- Memphis stories– eight snapshots of the larger picture that is the Bluff City, told by some of our finest writers. It’s closing in on 3 a.m. one recent morning at Gibson’s Donuts in East Memphis, and Rita Jeffers, the night manager for the past 15 years, is asked just how…
Maritime Program Group announced the promotion of Marisa Tranghese to Commercial Underwriter in their Recreational Marine Insurance Program written with New Hampshire Insurance Company. Marisa started with MPG 5 years ago as an Underwriting Assistant in their Recreaetional Marine Insurance department that primarily writes marinas, boat dealers&…
She’s coming back to Brownsville– at least in the sense that Fernandez& Associates has set up shop here with a new focus on the Rio Grande Valley market. One of the agency’s clients, Germania Insurance, is active in the Valley largely thanks to the guidance of Fernandez& Associates, which represents the insurer in 100 markets around Texas. Many of those migrating to…
Manulife Financial Corp. and The Manufacturers Life Insurance Company announced that C. James Prieur has been appointed to their Boards of Directors, effective January 1. Prior to joining CNO, Prieur was President and Chief Operating Officer of a major Canada- based international insurance company where he had previously led operations in Asia, Canada, the…
