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North Dakota Health Plan Analysis Report: Indemnity Plans and Growing Population Offer Opportunity for Pharma [Health & Beauty Close – Up]

July 30, 2013

Such plans remain very popular in states like North Dakota, where the bulk of the population is more rural and points of access to care are separated by large distances. The report finds that indemnity plans are the second most popular plan model in North Dakota’s commercial segment, capturing 28 percent of the commercial market and enjoying five percent…

A.M. Best Affirms Ratings of Catlin Group Limited and Its Subsidiaries [Manufacturing Close – Up]

July 30, 2013

Best Europe- Rating Services Limited has affirmed the financial strength rating of A and issuer credit ratings of “a” of Catlin Insurance Company Limited, Catlin Insurance Company Ltd. and Catlin Re Switzerland Ltd.. A.M. Best also has affirmed the ICRs of “bbb” of Catlin Underwriting, a non-operating holding company and Catlin Group Limited, the ultimate parent…

HSB Solomon Associates Acquires Ziff Energy Group [Health & Beauty Close – Up]

July 30, 2013

HSB Solomon Associates, a performance improvement company for the global energy industry and a subsidiary of The Hartford Steam Boiler Inspection and Insurance Company, has announced the purchase of Ziff Energy Group, an international energy consulting firm. “Solomon and Ziff Energy share similar cultures and a focus on helping clients achieve excellence…

Liberty International Underwriters Names Kelly Fusner as SVP of Its Primary Casualty Line [Health & Beauty Close – Up]

July 30, 2013

Liberty International Underwriters, part of Liberty Mutual Insurance, has announced the appointment of Kelly Fusner as Senior Vice President of LIU’s Primary Casualty product line. Fusner is based in LIU’s Chicago office. “Under her leadership, LIU’s Primary Casualty group will continue to offer brokers the flexible and timely underwriting needed to place…

Lender takes ownership of Wichita Executive Centre [The Wichita Eagle]

July 29, 2013

July 29– One of Wichita’s largest office buildings is emerging from the limbo into which it fell when Minnesota- based Real Development ran into financial problems. Salt Lake City- based Security National Life Insurance Co. earlier this month took over ownership and operations of Wichita Executive Centre, 125 N. Market, from Real Development.

National Interstate Corporation Reports 2013 Second Quarter and First Six Months Results

July 29, 2013

RICHFIELD, Ohio, July 29, 2013– National Interstate Corporation today reported results for the 2013 second quarter and first six months. The Company experienced a net loss of $0.32 per share, diluted for the 2013 second quarter compared to net income per share, diluted of $0.37 per share for the 2012 second quarter. Dave Michelson, President and Chief Executive…

Community Care Alliance of Illinois Launches New Health Care Network for Medicaid Recipients in Rockford Area

July 29, 2013

The Community Care Alliance of Illinois today announced its entry into the Rockford area to provide comprehensive health care and wellness services to people with disabilities and seniors covered by Medicaid. Voluntary enrollment for people with disabilities and seniors on Medicaid began on July 1, 2013. CCAI was selected by the Illinois Department of…

Catlin Selects ClarionDoor’s Insured Rating

July 29, 2013

CARPINTERIA, California – July 25, 2013 – ClarionDoor, LLC (ClarionDoor), a leading provider of hosted rating software to the insurance…

Las Vegas Trucking and Commercial Insurance Branch Now Available through GLG Insurance Professionals

July 29, 2013

GLG Insurance Professionals, an all-inclusive insurance company, recently announced it has a trucking and commercial insurance branch that is now available in Las Vegas. Recognizing the importance of the trucking industry for the nation’ s economic growth, the company decided to specialize in trucking and commercial insurance in order to meet the needs of…

HEALTH NET INC – 10-Q – Management’s Discussion and Analysis of Financial Condition and Results of Operations.

July 29, 2013

CAUTIONARY STATEMENTS The following discussion and other portions of this Quarterly Report on Form 10- Q contain “forward-looking statements” within the meaning of Section 21 E of the Securities Exchange Act of 1934 and Section 27 A of the Securities Act of 1933 regarding our business, financial condition and results of operations. Factors that could cause…

EPIC’s Jim Gillette named ’40 Under 40 Regional Broker Leader’

July 29, 2013

EPIC, a retail property, casualty and employee benefits insurance brokerage, announced today that Jim Gillette has been selected by Business Insurance magazine as a “40 Under 40 Regional Broker Leader” award winner. Gillette serves as managing principal for EPIC’s Los Angeles Branch. “Jim is technically proficient, collaborative, service-oriented and…

SelectSolutions Insurance Services, LLC is Launched

July 29, 2013

SelectSolutions Insurance Services, LLC was launched July 1, 2013 in response to the growing demand for a more efficient and profitable way for retail brokers to address the placement and servicing of Small Business P&C. SelectSolutions is led by John Prichard, Jr., President and CEO of Select Solutions, and Leticia Trevino, Chief Operating Officer of…

AXA Equitable Names Ori Ben-Yishai Head of Business Line Marketing

July 29, 2013

AXA Equitable Life Insurance Company, the primary U.S. subsidiary of the global AXA Group, announces today that Ori Ben-Yishai has been named managing director and head of Business Line Marketing, serving all lines of business, including Retirement Savings, Financial Protection and Wealth Management. As a member of executive management and the Marketing&…

State Farm Sues Founder Of 1-800-ASK-GARY

July 29, 2013

State Farm accuses the founder of the 1-800-ASK-GARY hotline and his chain of accident clinics of conducting a “massive fraud scheme” to obtain no-fault insurance benefits, according to a new federal lawsuit…

Ohio insurance companies adding wind, hail deductibles [Dayton Daily News, Ohio]

July 29, 2013

July 29– The growing number of severe storms related insurance claims over the past five years is prompting some Ohio companies to start asking homeowners to pay a separate deductible for wind and hail damage, state and industry insurance officials said. More Ohio insurers have started implementing wind and hail deductibles over the past 18 months to two…

The Big Insurance Gamble For Farmers And Taxpayers

July 29, 2013

For the past 46 years Richard Barber has coaxed peanuts from the earth in western Marion County, Fla., but it wasn’t until last year that for the first — and only — time he took out an insurance policy on his crops…

CNO Financial’s 2Q net income jumps 17 percent

July 29, 2013

CARMEL, Ind.— Insurance holding company CNO Financial Group Inc. said Monday that its second-quarter net income increased about 17 percent versus a year earlier, aided by growth in revenue and a decline in benefits payouts. The holder of Bankers Life, Washington National and Colonial Penn insurance companies reported net income of $77.1 million, or 34 cents per…

NJ flood victims face difficult buyout decision

July 29, 2013

SOUTH RIVER, N.J.— Bob and Pat Smith have seen many floods in their 47 years on Water Street, but none as severe as in Superstorm Sandy. Tom Deltz, who lives at the end of Lee Avenue closest to the South River, says flood insurance helped defray the $70,000 it cost to replace heating and cooling systems, rewire his property and buy furniture and appliances after…

Demotech Assigns Financial Stability Rating® to Onyx Insurance Company, Inc. a Risk Retention Group

July 29, 2013

Onyx Insurance Company, Inc. a Risk Retention Group has earned a Financial Stability Rating ® of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage,…

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