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Fireman’s Fund Appoints Eric Shanks to Senior Vice President Personal Insurance Underwriting Executive

May 30, 2012

Fireman’ s Fund Insurance Company announces the appointment of Eric Shanks to the position of senior vice president, personal insurance underwriting executive. He also held leadership positions with Chubb Group of Insurance Companies and Safeco Insurance. About Fireman’ s Fund Insurance Company.

SORRY IS THE HARDEST WORD [USA Today]

May 30, 2012

CONSERVATIVE talk show host Rush Limbaijgh called Georgetown University Law Center student Sandra Fluke a “slut” and a “prostitute” pursuant to her testifying before the House Democratic Steering and Policy Committee in favor of national health insurance coverage for contraception. Given the human condition of error-proneness, now exacerbated by the…

Bernard Rapoport: A Life Examined [Texas Observer, The]

May 30, 2012

The Waco insurance man who changed the world. I CAME TO KNOW BERNARD RAPOPORT when he was chairman of the University of Texas System Board of Regents, and I was editor of The Texas Observer in the early 1990 s. We sent a Texas Public Information Act request letter to each member of the Board of Regents- including Chairman Bernard Rapoport.

Mandatory Caps on Medical Malpractice Could Doom Patients [USA Today]

May 30, 2012

Caps on damages would reduce physicians’ and carriers’ incentives to keep track of and reduce practice risk. ” SUHORTERS of capping coot awaids for medical malpractice ajgue that caps will make health care more affordable. U may not be that simple.

Incentivizing medicine [Westchester County Business Journal (NY)]

May 30, 2012

Under a provision of the health care law, doctors, hospitals and other providers who serve Medicare patients now have the option of forming accountable care organizations, which present a framework for ultimately replacing the fee-for-service system with a pay-for-performance arrangement. This shift represents one of the most significant changes to…

MBIA likes its chances going into restructuring trial [Westchester County Business Journal (NY)]

May 30, 2012

MBIA Inc. officials remain confident their 2009 restructuring will be upheld in a trial beginning May 14, where the validity of the state Insurance Department’s approval of the reorganization will be decided. “We remain confident that the approval from the New York State Insurance Department will be upheld, but we can’t get back the three years that National…

Highmark Extends Relationship With Healthways to Continue to Offer SilverSneakers® Fitness Program Through 2013

May 30, 2012

As part of its long-standing commitment to improving the health and well-being of older adult members, Highmark Inc. has agreed to a two-year extension through 2013 to offer the Healthways SilverSneakers ® Fitness Program to eligible members. SilverSneakers, an exercise program designed to keep older adults active and healthy, is offered to more than…

HealthPlan Services Launches “benefit crossroads”

May 30, 2012

It combines medical, dental, vision, life, Medicare advantage, PDP and Medicare supplement plans from the nation’s leading carriers with advanced online search and education tools and trusted advisors to guide consumers toward insurance that is tailored to their specific needs. “Purchasing individual insurance can be a complex and confusing process,…

John Hancock Appoints New Head Of Life Insurance Unit

May 30, 2012

Michael Doughty has been named Executive Vice President and General Manager of U.S. Life Insurance, John Hancock President Jim Boyle said today…

Highmark Extends Relationship with Healthways to Continue to Offer SilverSneakers® Fitness Program Through 2013

May 30, 2012

As part of its long-standing commitment to improving the health and well-being of older adult members, Highmark Inc. has agreed to a two-year extension through 2013 to offer the Healthways SilverSneakers ® Fitness Program to eligible members. SilverSneakers, an exercise program designed to keep older adults active and healthy, is offered to more than…

A.M. Best Upgrades Ratings of Pacific Indemnity Insurance Company

May 30, 2012

A.M. Best Co. has upgraded the financial strength rating to A- from B++ and issuer credit rating to“ a-” from“ bbb+” of Pacific Indemnity Insurance Company. The outlook for both ratings has been revised to stable from positive. The rating upgrades reflect Pacific Indemnity’ s continued profitable underwriting performance, with favorable trends in surplus…

Valen® Technologies Announces New Customer Engagement with Donegal® Insurance Group to Deliver Predictive Analytics Product for Workers’ Compensation

May 30, 2012

Property and casualty insurance predictive analytics provider Valen Technologies announced today a new customer engagement with Donegal Insurance Group. Valen will provide its InsureRight product, a predictive analytics solution as a foundation upon which Donegal can more accurately price their current book of business. Chet Szczepanski, Vice…

Infosys Awarded Pegasystems Partner Excellence Award

May 30, 2012

The Infosys insurance practice jointly developed the solution with Pegasystems, a leader in business process management and software for customer centricity. Infosys achieved the results in less than 11 weeks after launch by leveraging Pegasystems’ Customer Process Manager for Insurance solution. “Infosys is an innovator in smart uses of technology in…

Vertafore and Clients to Share Best Practices and Insights at IASA

May 30, 2012

Vertafore, a leading provider of software that transforms the# insurance industry, is pleased to announce Vertafore will participate in two separate sessions at the upcoming 2012 IASA Educational Conference& Business Show in San Diego, CA, June 3-6. During the conference, Vertafore will participate in the following panel presentations:• Vertafore, Vice…

Poquoson switches line-of-duty death benefit management [Daily Press, Newport News, Va.]

May 30, 2012

May 30– POQUOSON– Poquoson City Council Tuesday unanimously voted to opt out of the Virginia Retirement System’s Line of Duty Act Fund and to instead go with a lower rate option with the Virginia Municipal League. Poquoson City Manager Randy Wheeler said the city could stay with the VRS fund, self-insure the line of duty benefit, or join pools with the Virginia…

Albany Law Firm Announces Retirement of Key Employee

May 30, 2012

Albany, NY May 30, 2012. Since 1978, the Law Office of Edward P. Ryan’s practice has focused on the representation of clients in personal injury, disability, and business lawsuits. Albertson’s background of high-profile legal work includes employment with former Mayor Tom Whelan and former New York Senator Howard Nolan at different legal firms.

Country Financial leader, role model plans to retire [The Pantagraph, Bloomington, Ill.]

May 30, 2012

May 30– BLOOMINGTON– Country Financial’s Jean Bollero Lawyer is an example of the strides women have made in the workforce. Lawyer began her career at the Bloomington- based insurer in the mid-1970s. Now as director of corporate relations and inclusion, the Heyworth resident is soon to retire after more than 35 years of service.

AXA Business Insurance Focuses on Getting Young People into Work to Stimulate UK Economic Growth

May 30, 2012

Historically start-up businesses have helped the UK out of recession and with so many young people choosing not to go to into further education there is fierce competition for the few jobs available to school leavers. AXA Business Insurance has today announced its sponsorship of the first Youth Enterprise Live event which will be hosted at Earls Court in…

A.M. Best Upgrades Issuer Credit Ratings of Atain Specialty Insurance Company and Atain Insurance Company [Manufacturing Close – Up]

May 30, 2012

A.M. Best Co. has upgraded the issuer credit ratings to “a+” from “a” and affirmed the financial strength rating of A of Atain Specialty Insurance Company and its wholly-owned subsidiary, Atain Insurance Company both of which operate under an intercompany pooling agreement. The potential triggers for downward ratings pressure could occur if both companies’…

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