A 55,334- square-foot building and 11 acres of adjoining land at the CAN DO Corporate Center in Drums was officially transferred Wednesday from CAN DO Inc. to the Hazleton Area School District. Closing on the $4.4 million deal took place in the Hazleton office of attorney Frank Bognet, proprietor of Can-Do Abstract Company, the district’s title insurance…
Newswires
A.M. Best Co. has downgraded the financial strength rating to B from B+ and issuer credit rating to“ bb+” from“ bbb-” of Universal Fidelity Life Insurance Company. A.M. Best believes Universal Fidelity Life will be challenged to achieve its short-term financial projections due to a highly competitive student accident market, which may experience lower profit…
A.M. Best Co. has withdrawn the financial strength rating of B+ and issuer credit rating of“ bbb-” of Cincinnati Equitable Insurance Company as a result of its inactivity over several years and the run off of its few remaining loss reserves claims. Founded in 1899, A.M. Best Company is the world’ s oldest and most authoritative insurance rating and information…
SAN JUAN, Puerto Rico& SAN MATEO, Calif.—- Universal Group, Inc., a Commercial and Personal lines carrier with operations in Puerto Rico and the United States, and Guidewire Software, Inc., today announced that Universal has extended its Guidewire InsuranceSuite™ implementation. “These additional Guidewire modules for Reinsurance and Client Data Management are…
OAKLAND, Calif., March 29, 2012/ PRNewswire/– StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced that it has received a Novarica ACE Silver Ranking for its PRO Financial Systems. Based solely on StoneRiver customer feedback, PRO Financial Systems received an impressive overall ranking of…
Health Alliance Medical Plans, a prominent provider-sponsored health insurer in the Midwest, has signed an agreement with McKesson renewing its license for several care management solutions while adding McKesson Analytics Advisor™. Established in 1980 and headquartered in Urbana, Illinois, Health Alliance administers health plans for more than 320,000…
The Collingwood Group is pleased to announce its second in a series of industry conference calls-“ FHA Servicing Compliance”, being held on Thursday, April 12, 2012. “There are numerous programs in place- which are in fact mandated by FHA- to help mitigate losses, beginning with early intervention to help promote home retention, moving through various steps and…
March 29– John H. Adee, 71, a retired Cigna executive and vice president of West Conshohocken Borough Council, died of cardiopulmonary failure, Tuesday, March 20, at Presbyterian Hospital in Philadelphia. After graduating, he joined the Connecticut General Life Insurance Co. management training program in Garden City, N.Y. He worked for the firm in Buffalo and…
March 29– DURHAM– After trimming expenses and landing two consecutive years of profitability, Durham- based N.C. Mutual Life Insurance Co. is now looking to grow its profits, with a goal of earning $5 million in net income by 2015.. Mutual is working toward earning a net income of $5 million, toward growing the company’s assets to $500 million, and reaching a capital…
Rockville, MD March 29, 2012. The Guardian Life Insurance Company of America has increased its income replacement amounts for those looking to supplement their existing group long term disability coverage. “Having the opportunity to secure more of your available income through these increased limits will truly benefit many physicians and dentists…
March 29– The Horry County Administration Committee is considering three new options to the county’s retiree health insurance plan, all of which would significantly reduce the $6.2 million the county is currently required to contribute annually. So far, those options are being discussed in the committee, and haven’t gone before County Council for…
The new article, written by Michael L. Relvas, CFP ® explains the importance of the residual disability benefit and the differences that exist among the various policies being offered today. “The residual disability benefit is one of the primary features I review with any client in need of individual long-term disability insurance- especially those who are…
This is the ninth study conducted by A.M. Best Co. on the long- term impairment rates of A.M. Best- rated, U.S.-domiciled insurance companies. The study covers the 34 one-year periods from December 31, 1977 to December 31, 2011 and only includes companies that had a Best’s financial strength rating over this period. A.M. Best’s rating transition rates remained…
A.M. Best Co. has affirmed the financial strength rating of B++ and issuer credit rating of “bbb” of National Reinsurance Corp. of the Philippines. The ratings reflect PhilNaRe’s solid risk-based capitalization, established market presence in the Philippines as well as its stable investment results. As the sole professional reinsurer in the Philippines,…
“The study showed that periodontal treatment and ongoing maintenance is associated with a significant decrease in the cost of medical care for people with diabetes in the amount of $1,800 per year,” said James Bramson, D.D.S., chief dental officer for United Concordia. ” F.G. Merkel, United Concordia president and chief operating officer, said the dental insurer…
The ratings reflect PVI Insurance and PVI Re’s adequate risk- based capitalization, the financial commitment from their immediate parent company, PVI Holdings, and support from the strategic partners of PVI Holdings, Talanx AG and Oman Investment Fund. Both PVI Insurance and PVI Re began operations in August 1, 2011, and are wholly owned by PVI Holdings under…
If volatile markets are driving your clients to consider locking in lifetime income through a variable annuity guaranteed lifetime withdrawal benefit, deals soon could improve. New on the horizon: contingent annuities. These programs, if navigated carefully, not only could slash the high cost of variable annuities, but also offer more favorable tax…
New York, NY March 28, 2012. That is why InsuranceCalculator.com is a great tool to use to determine the recommended amount one should buy,” explains Jonathan Wright, Communications Director of InsuranceCalculator.com. Jonathan Wright continues,“ InsuranceCalculator.com evaluates the entered information and does all the hard work for you.
March 28– As the U.S. Supreme Court tackles the question of whether individuals can be required to buy health insurance– a key provision in the federal health-care overhaul– some in Washington state are battling a strong sense of dej… vu mixed with dread. Ultimately, companies pulled out of the individual market and almost no one in Washington could buy an…
