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Stipend aims to lure bidders to toll lane project [The Press-Enterprise, Riverside, Calif.]

May 25, 2012

May 25– Only one of four teams of engineering and construction firms will win the lucrative job of widening Highway 91 through Corona; but the losers stand to make some money, too. In a first for Riverside County transportation contracts, firms not chosen for the job could receive a stipend of $650,000 for submitting a qualifying bid. The winning team, composed of…

Fitch Affirms Selective Insurance’s Ratings; Outlook Stable

May 25, 2012

The ratings continue to reflect Selective’s disciplined underwriting culture, strong independent agency relationships, strong loss reserve position, and improved diversification through continued efforts to reduce its concentration in New Jersey…

FIRST BANCORP /NC/ FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

May 25, 2012

On May 22, 2012, First Bancorp announced that, effective June 11, 2012, Richard H. Moore has been named President and Chief Executive Officer of First Bancorp, replacing Jerry L. Ocheltree in that office. Mr. Moore, age 51, currently serves as a managing director of San Diego- based Relational Investors LLC, a Registered Investment Advisor that advises large pension…

T.D. 9583 [United States Internal Revenue Bulletin]

May 25, 2012

Guidance Under Section 267; Deferral of Loss on Transactions between Members of a Controlled Group. AGENCY: Internal Revenue Service, Treasury. FOR FURTHER INFORMATION CONTACT: Amie Colwell Breslow 622-7530.

Verizon unit gets OK as a captive insurer [NJBIZ (NJ)]

May 25, 2012

A unit of Verizon Communications Inc., Exchange Indemnity Co. New Jersey, will provide liability insurance deductible coverage for Verizon subsidiaries, DOBI announced May 7. Chris Christie signed a law authorizing the formation of captives in New Jersey, companies established captive insurers in other states and countries. Previously, the state approved…

EMC INSURANCE GROUP INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits

May 25, 2012

Item 5.07 Submission of Matters to a Vote of Security Holders. On May 24, 2012, the Registrant held its annual meeting of stockholders. At the Annual Meeting stockholders: 1) elected the six Board of Director nominees to serve as directors of the Registrant for the ensuing year, 2) approved, by a non-binding advisory vote, the compensation of the Registrant’s named…

Aflac Launches Subsidiary to Provide Specialized Support to Nation’s Largest Brokerage Firms

May 25, 2012

“As the landscape of health insurance benefits changes, brokers need total solutions and additional support from carriers to help large employers successfully navigate benefits challenges.”…

A.M. Best Affirms Ratings of Seaworthy Insurance Company

May 25, 2012

A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit rating of“ aa” of Seaworthy Insurance Company. The ratings reflect Seaworthy’ s supportive capitalization, favorable underwriting results indicative of the inherent benefits and advantages afforded by management’ s specialty niche ocean marine expertise, as well as the implicit…

A.M. Best Affirms Ratings of Legal & General Group Plc and Legal & General Assurance Society Limited

May 25, 2012

At the same time, A.M. Best has affirmed the financial strength rating of A+ and ICR of“ aa-” of Legal& General Assurance Society Limited. This is one of the soft capital elements for which A.M. Best gives credit. Though L&G is not immune to the volatility of the financial markets, A.M. Best expects the group to remain resilient and to respond positively to the regulatory…

Cambria commissioners switch insurance broker [The Tribune-Democrat, Johnstown, Pa.]

May 25, 2012

May 25– EBENSBURG– Cambria County’s two Republican commissioners voted Thursday to switch insurance brokers to a Johnstown agency whose leaders have been involved with GOP politics for years. President Commissioner Douglas Lengenfelder and Mark Wissinger named Arthur J. Gallagher Risk Management Services as the county’s broker instead of continuing…

Clayton vice mayor charged with embezzlement; he claims innocence [Contra Costa Times, Walnut Creek, Calif.]

May 25, 2012

May 25– Clayton Vice Mayor Joseph Medrano has been charged with embezzling $159,000 from a Peninsula insurance client and is scheduled to be arraigned next month, a San Mateo County prosecutor said Thursday. San Mateo County prosecutors say Medrano, acting as an insurance broker for wireless network provider iPass, collected more than $159,000 in insurance…

Memorial Day Special on Power 92.3 FM: Atty Jeffery Leving Dedicates His Fathers’ Rights Legal Hour to Our Service Men and Women

May 25, 2012

In honor of Memorial Day, Attorney Jeffery M. Leving dedicates his show to the soldiers and sailors that have given their lives in defense of our country. Disability claims from returning Afghanistan and Iraq War veterans have increased nearly 38% over veterans of earlier wars. Moreover, the most prevalent claims from Afghanistan and Iraqi War veterans– Post…

Justification and Approval – IT Infrastructure Support Services

May 25, 2012

Office Address: Federal Communications Commission; Office of the Managing Director; Contracts and Purchasing Center; 445 12th Street, SW Washington DC 20554. Office of the Managing Director. This limited-sources justification was prepared by the Federal Communications Commission, Headquarters; Office of the Managing Director, Administrative Operations,…

TDCI Offers Tips for Consumers to Guard Against Fake Health Insurance

May 25, 2012

The Tennessee Department of Commerce and Insurance issued the following news release:. The Department of Commerce and Insurance wants Tennesseans to make informed choices and avoid being swindled. “Companies that are not licensed by the state to sell insurance might lead consumers to think they are operating legitimately, all while attempting to evade…

Medicare Program; Approved Renewal of Deeming Authority of the Utilization Review Accreditation Commission for Medicare Advantage Health Maintenance…

May 25, 2012

SUPPLEMENTARY INFORMATION: Under the Medicare program, eligible beneficiaries may receive covered services through a Medicare Advantage organization that contracts with CMS. The regulations specifying the Medicare requirements that must be met for a Medicare Advantage Organization to enter into a contract with CMS are located at 42 CFR part 422. These…

Towanda Boro challenges FEMA’s preliminary flood rate map [The Daily Review, Towanda, Pa.]

May 25, 2012

May 25– TOWANDA– Towanda Borough is challenging the accuracy of FEMA’s preliminary flood insurance rate map for the borough, saying that it would force some people to buy flood insurance who don’t need it. Fairchild said he wrote a letter earlier this month to FEMA, objecting to the size of the two flood zones. FEMA and its consultant have been updating the old flood…

Neenah insurer Equitable Reserve to merge into Modern Woodmen [Milwaukee Journal Sentinel]

May 25, 2012

May 25– Equitable Reserve Association, a fraternal life insurance company based in Neenah, has agreed to combine with Modern Woodmen of America, a fraternal life insurance company based in Rock Island, Ill.. Equitable Reserve, founded in 1897 by a group of businessmen in Neenah, has lost money for the past seven years. The 28 people who work in Equitable Reserve’s…

CEO of the California Association of Dental Plans to Present ‘Private Exchanges in a Public Exchange World’ at Conference [Professional Services Close – Up]

May 25, 2012

CHOICE Administrators said the national movement toward health insurance exchanges and the role of “private exchanges in a public exchange world” will be the topic of a presentation by Ron Goldstein, president and CEO, at the California Association of Dental Plans’ annual conference on May 31 in Indian Wells. According to a release, the Patient Protection and…

Validus Holdings Reports Senior Management Promotions at Validus Reinsurance [Professional Services Close – Up]

May 25, 2012

Validus Holdings announced a number of senior management promotions at Validus Reinsurance. Kean D. Driscoll, currently Chief Underwriting Officer of Validus Re, has been appointed Chief Executive Officer of Validus Re. Ed Noonan, Chairman and CEO of Validus Holdings, Ltd, commented on the management changes: “We congratulate Kean Driscoll and his colleagues…

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