FBL Financial Group, Inc. announced today that its Board of Directors has approved share repurchase transactions totaling up to $175 million. “Executing a repurchase via a tender offer is a very efficient way to utilize excess capital,” said James E. Hohmann, Chief Executive Officer of FBL Financial Group.“ We believe this repurchase, combined with our increased…
Newswires
NEW YORK, NY, Feb. 27, 2012– The Navigators Group, Inc. today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has launched a new operating unit, Navigators Specialty, which will focus exclusively on working with U.S. The executive management team for Navigators Specialty consists of Mark J. Richards, President of…
Leesburg Attorney Sentenced to 24 Months for Defrauding Life Insurance Company. Neil H. MacBride, United States Attorney for the Eastern District of Virginia; James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office; and Michael L. Chapman, Loudoun County Sheriff, made the announcement after sentencing by United States District Liam…
HATBORO, Pa., Feb. 27, 2012/ PRNewswire/– Aon Affinity, the consumer, association and group program business of Aon Risk Solutions, the global risk management business of Aon Corporation, announced today it has entered into a definitive merger agreement to acquire Access Plans, a marketing company specializing in turnkey, private-label membership benefit plans…
We currently provide MasterCard, Visa, American Express and Discover credit cards as well as private label cards to customers in the United States. We also offer specialty insurance products in the United States and Canada. Historically, we also provided several other types of loan products in the United States including real estate secured, personal…
Our consolidated financial statements were determined in accordance with accounting principles generally accepted in the United States. We expect our revenues to increase due to the full year impact of the Arizona Eastern Railway acquisition and growth in same railroad freight revenues. We maintain insurance for damages and claims associated with the…
Candidate Barack Obama promised to “lower premiums by up to $2,500 for a typical family per year.”…
Heffernan Insurance Brokers, an independent brokerage firms in the U.S., announced that it has launched its online insurance site for camera operators in the film and television industry: InsureMyLiabilityOnline.com. According to a release, this online insurance product streamlines the previously time-consuming, manual process of providing liability…
Siva Reddy embarked on opening a walk-in clinic with extended hours to treat patients with urgent but nonlethal afflictions. Still, he quit his job as the emergency room director at Kenmore Mercy Hospital, put up his personal assets, including his life insurance policy, as collateral for a loan, and opened Reddy Care Walk-in Clinic in 1994 in East Amherst.
f private insurance companies could write profitable flood policies, they surely would, a Federal Emergency Management Agency specialist said…
Centra is now the third major health-care provider in Virginia to institute the policy, following Bon Secours Virginia Health System based in Richmond and Martha Jefferson Hospital in Charlottesville. In Virginia, about 1,500 deaths in 2010 were linked directly to smoking, according to the Centers for Disease Control. Only state agencies in Virginia are…
Feb. 26– Hours before FBI agents delivered subpoenas last fall seeking records from Wayne County headquarters, the director of a county health care program for needy people wired $400,000 of the program’s money to a fledgling IT company that apparently did no work for the payment, according to records the Free Press obtained. In an e-mail to Grundy, which the Free…
Feb. 26– Michigan’s Health Alliance Plan will take advantage of the red carpet tonight to unveil a new advertising initiative beginning with the Oscar awards show. The Detroit- based insurer has purchased six advertising spots before, during and after the show to convey its new message that HAP is here to help consumers understand changes coming with federal…
The number represented 10.5 percent of the total workforce in Allegheny, Westmoreland, Washington, Beaver, Butler, Fayette, Armstrong and Greene counties. Health care continues to dominate the local landscape as UPMC and West Penn Allegheny Health System, the two largest providers, fight for patients and insurance customers in the region.
The University of Pittsburgh Medical Center added 1,900 jobs in 2011 and anticipates increasing employment by 1,900 jobs in 2012. That increase includes about 250 jobs at its new hospital in Monroeville, and about 800 jobs at the UPMC health insurance plan. UPMC, with its large hospital network, is the region’s largest employer with 40,600 people.
But it will add a third plan from another carrier for the first time, as it wrestles with the implications of a contract stalemate between Highmark, the state’s largest health insurer, and UPMC, the dominant medical provider in Western Pennsylvania. “Employees have shared with us real concern about having access to the UPMC facilities,” said Cheryl Melinchak,…
In the wake of recent nationwide explosive insurer litigations, claim denials and auditing against healthcare providers solely due to alleged deductible and co-insurance waiver practice by providers, ERISAclaim.com offers healthcare executive compliance webinars…
The Insurance Information Institute issued the following news release:. Whether buying coverage for the first time or renewing an existing auto insurance policy, consumers should take advantage of a highly competitive insurance marketplace, according to the Insurance Information Institute. Consumers can contact their insurance agent or company…
The Florida House of Representatives has unanimously passed legislation that would help curtail the use of checking-cashing companies by individuals hoping to get out of paying workers’ compensation premiums. Under the bill, the companies would be required to deposit all checks they receive into an account hosted by a FDIC- backed financial institution.
