ALEXANDRIA, Va., Dec. 24– The following federal patents were awarded to inventors in New York. ALEXANDRIA, Va., Dec. 24– Swiss Reinsurance, Zurich, has been assigned a patent developed by Richard Pennay, New York, for “unidirectionally protected, fully automated asset allocation and asset monitoring apparatuses, and a corresponding method.” Written by Amal Ahmed; edited…
Newswires
Dec. 23– Two weeks into his new job as the state’s top insurance regulator, Ray Farmer sat in a sunny corner of his office, a spectacular perch on the 10th floor of a skyscraper across the street from the Statehouse. Farmer, 66, spent the past 33 years as a lobbyist with the American Insurance Association in Atlanta. Nikki Haley last month selected him as the new…
This holiday season, Prescott Pailet Benefits, a Marsh& McLennan Agency, is giving back to the Dallas community as well as those serving our country. Dallas group insurance broker, Prescott Pailet Benefits, distributed donations to three worthy, local non-profit organizations: North Texas Food Bank, Austin Street Center and The Ronald McDonald House of Dallas.
ALEXANDRIA, Va., Dec. 24– Swiss Reinsurance, Zurich, has been assigned a patent developed by Richard Pennay, New York, for “unidirectionally protected, fully automated asset allocation and asset monitoring apparatuses, and a corresponding method.” The patent application was filed on June 30, 2008. Written by Amal Ahmed; edited by Jaya Anand.
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of “a” of Western National Mutual Insurance Company and its wholly owned subsidiaries: Western National Assurance Company, Western Home Insurance Company, Pioneer Specialty Insurance Company, Umialik Insurance Company and Arizona Automobile Insurance Company.
Dec. 23– Tulare is on the hook for a whopping $1 million hospital bill if it loses a lawsuit against a health insurance company that denied a claim for a woman who died of cancer. Sun Life has until the end of the year to respond to the city’s lawsuit, which alleges breach of contract and bad faith. In an email response, Sun Life spokesman Tim Stone said the company does not…
Dec. 23– The total amount of money injured workers received increased 26 percent over the past five years in cases reaching Oklahoma’s Workers’ Compensation Court, a Tulsa World review has found. That increase cost employers and their insurers $76.6 million more last year than they paid in 2007, the World’s analysis shows. The state Attorney General’s Office…
The post embeds 5 videos from 5 different sources on defined contribution health plans:• Professor Paul Zane Pilzer on Defined Contribution• NFIB on Defined Contribution Health Plans• Fox Business On Defined Contribution- The‘ Next Big Thing’ in Health Benefits? •How to Save Money by Offering Your Employees Health Insurance• Defined Contribution Health Plan: The…
Dec. 23– Tereza Pereira had cared for her woefully disabled son at home for most of his life. “I don’t want my son in this place,” Pereira wrote to disability administrators of the Florida Club Care nursing home in Miami Gardens. ” And there he died, a year later, on July 29, 2010.
The Consumer Specialty Products Association issued the following news release:. The Consumer Specialties Insurance Company has earned a Financial Stability Rating (TM) of A, Exceptional, from Demotech, Inc. In its first submission to Demotech, CSI received the A, Exceptional rating, which verifies and validates the legitimacy and financial strength of the…
Arthur J. Gallagher& Co. announced that it has acquired a 21.3 percent interest in Grupo CP, a Mexican insurance broker and risk management company headquartered in Mexico City, Mexico. Their team of 325 employees operates from offices in Mexico City, Celaya, Hermosillo, Monterrey and Torreon. Arthur J. Gallagher& Co., an international insurance brokerage and risk…
Dec. 22– CAPITOLA– After seven months of litigation, there’s no sign of a settlement in a lawsuit the city of Capitola filed against its insurance company to recoup more than $2 million in damages incurred after unprecedented flooding in 2011.. Capitola contends a corrugated metal pipe broke away from a concrete culvert, allowing water from a 90- minute rainfall…
Dec. 23– The mass shooting in Connecticut this month has brought increased attention to the lack of community mental health services available for young adults in North Carolina. The shooter in the Connecticut massacre, 20- year-old Adam Lanza, was at an age where it’s hard to find community mental health treatment, said Vicki Smith, executive director of the…
In November, Whistleblower wrote about Rick and Pam Grey, a couple whose retirement cabin south of Duluth suffered extensive damage in the record-breaking June flood. Though they had flood insurance, their claim was denied by Auto-Owners Insurance, headquartered in Denver, because it said it had mistakenly issued the policy to the Greys, whose land was…
Dec. 22– The total amount of money injured workers received increased 26 percent over the past five years in cases reaching Oklahoma’s Workers’ Compensation Court, a Tulsa World review has found. That increase cost employers and their insurers $76.6 million more last year than they paid in 2007, the World’s analysis shows. The state Attorney General’s Office…
Dec. 22– HOWARD– The South Dakota Supreme Court ruled Wednesday that an insurance company does not have to pay a former co-owner of a restaurant and bowling alley in Howard after the other co-owner intentionally burned down the business. Whiskey Flow co-owners Gary and Ila Fedderson, who are husband and wife, made a $1 million claim to their insurance company,…
Aurora County has paid $1,030,742.23 in expenses directly related to the lawsuit brought against it by Thompson Farms, according to Auditor Susan Urban. Aurora County paid another $365,638.42 to litigate another lawsuit with its insurer, the South Dakota Public Assurance Alliance, which arose from the Thompson Farms case. The county settled the case…
From 1999 to 2012, the annual premium that U.S. health insurance companies charged for employer-sponsored health benefits plans increased approximately 272 percent to approximately $15,000 per family and $5,700 per single. Total annual family premium 1999: $5,791 2012: $15,745 Change: +272%. Total annual single premium 1999: $2,196 2012: $5,615 Change:…
The Lumberton, N.C., farmer was charged with conspiring to defraud the federal crop insurance program, along with money laundering and making false statements…
