Plan sponsors of the largest U.S. defined benefit pension plans are deepening their risk management focus on plan liabilities and are increasingly viewing plan assets in the context of liabilities, according to the 2012 MetLife U.S. Pension Risk Behavior Index? Study, the fourth annual study released today. “A weakened economy and persistently low interest…
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Berg to HHS Secretary: Obamacare Regulations, Cuts to Critical Access Hospitals Bad for North Dakota
Secretary of Health and Human Services Kathleen Sebelius testified today before House Ways and Means Committee to discuss President Obama’ s FY 2013 budget proposal, which calls for $1.3 billion in spending to implement the President’s government health care overhaul. Under the President’s proposal, North Dakota’s critical access hospitals face up to a…
February 29, 2012 – Carmel, IN – Raymond J. Ohlson, CLU, CRC, President and CEO of The Ohlson Group, Inc….
In 2011 Sul America S.A. recorded recurring net income* of R$ 448.1 million, 5% above the recurring income of R$ 426.6 of the previous year. All our business lines grew “celebrated CEO Thomaz Cabral de Menezes, who stressed the excellent performance of the health, dental and auto insurance portfolios. The executive went on to say that the Company’s results in the auto…
BOSTON, Feb. 29, 2012/ PRNewswire/– John Hancock Financial Network recognized Joseph J. Oakes, IV, Managing Partner of Acorn Financial Services, with the Leading with Excellence– Trophy Award, the highest honor JHFN bestows upon one of its independent firms. Mark Marroni of Boston Partners Nick Valenti of Michigan Financial Companies Steve Worthy of JHFN-The…
Nationwide Financial Services, Inc. has launched Investment Solutions Builder, a web-based investment tool that allows Registered Investment Advisers to build and manage retirement plan fund lineups and asset allocation models for sponsors and participants with control and flexibility, online, anytime. Industry trends demonstrate the need for RIAs to…
TPW Financial, one of the Boston area’ s premiere wealth management firms, announced that Kimberly Clouse has joined the firm as President. Clouse was most recently a Managing Director at Athena Capital Advisors, a Boston- area investment advisory firm that works with some of the largest private clients in the country. Clouse serves on the Board of the Young…
A.M. Best Company has made the following rating update:. Company: Starmount Life Insurance Company. To obtain more information about this company, please visit:.
The addition of these forms to the Laser App library will enable Sammons Retirement Solutions to expand its reach for its variable annuity and mutual fund IRA products to 100,000 financial advisors and broker/dealers using the Laser App forms filling solution. …
For all residents of California currently covered by a health insurance policy— as well as those individuals who are uninsured or underinsured and employers who offer the benefit to their employees— news of a slightly improving economic outlook has been tempered with another disturbing announcement from the state’ s major health insurance companies.
Feb. 29– CARLSBAD– In a four to three vote, Carlsbad City Councilors approved a highly debated issue to rezone a 15.4 acre tract of land in the La Huerta area north of Cherry Lane and Callaway Drive from rural residential to a residential district. Flood plain and drainage: According to the Federal Emergency Management Agency flood insurance maps, the area is…
SUMMARY: FinCEN is adopting a requirement that all financial institutions subject to Bank Secrecy Act reporting use electronic filing for certain reports beginning no later than July 1, 2012. DATES: Effective date is July 1, 2012. If a financial institution wishes to review comments received in response to the September 16, 2011, Federal Register notice they…
Feb. 29– SHAMOKIN– While visitors to the American Legion building are unlikely to notice on their next trip, the cornerstone structure has undergone several key upgrades. When the city switched insurance providers last year, a representative of Selective Insurance Group– who happened to be a city native working at the out-of-town firm– visited to inspect the…
Feb. 29– SALEM– Mayor Kim Driscoll’s marathon effort to reform municipal health insurance crossed the finish line yesterday when she notified the state that the city’s 1,200 employees and retirees will join the state Massachusetts Group Insurance Commission in July. The transfer from the city’s current health insurance program to the state’s will save…
Stewart Title Guaranty Company is pleased to announce the appointment of Michael F. Frederick as a vice president and agency services manager for the State of New Jersey. Stewart Title Guaranty Company adds Frederick as New Jersey Vice President and Agency Services Manager. Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart Information…
AGL provides, through its operating subsidiaries, credit protection products to the United States and international public finance, infrastructure and structured finance markets. The Company has applied its credit underwriting judgment, risk management skills and capital markets experience to offer insurance that protect holders of debt instruments…
In January 2011, we announced plans to seek marketing authorization for the sale of PROVENGE in Europe. Prostate cancer is the most common non-skin cancer among men in the United States, with over one million men currently diagnosed with the disease, and the second leading cause of cancer deaths in men in the United States. As of December 31, 2011, our accumulated…
Chairman Ryan, Representative Van Hollen, distinguished Committee members, thank you for inviting me to testify today about the outlook for health spending in the U.S., including the Medicare and Medicaid programs. I welcome the opportunity to assist you in your efforts to ensure the future financial viability of Medicare and Medicaid. Our highest priority is…
Feb. 28– LOS ANGELES– A mortuary worker convicted of staging fake funerals to defraud insurers out of nearly $1 million faces up to 20 years in prison when she is sentenced in May. Her alleged conspirator, Faye Shilling, 61, of Hawthorne, pleaded guilty to a pair of wire fraud counts in 2010.. Two other women, Lydia Eileen Pearce, 37, owner of a mortuary in Long Beach, and…
