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Mark Zona Says He’ll ‘Be Nice’ to BoatUS Angler Winner

June 27, 2012

The Boat Owners Association of the United States issued the following news release:. Now, with some help from BoatUS Angler, the 24- hour towing service and insurance provider, Zona wants to take you to all of his secret locations on his home waters in the state of Michigan for an “Awesome Fishing Trip” in search of slaunches- monster smallmouth bass.

Case of KEL law firm partners’ defunct title agency draws scrutiny [The Orlando Sentinel, Fla.]

June 27, 2012

June 27– After more than a year of scrutiny by The Florida Bar over complaints about their legal practice, the partners of Orlando’s KEL law firm have run into trouble on another front: their title-insurance business. According to state documents released earlier this month, Florida insurance-agency regulators ordered K.E.L. Title Insurance Agency Inc. to…

HCC Medical Insurance Services Releases Explorer Travel Infographic [Professional Services Close – Up]

June 27, 2012

HCC Medical Insurance Services announced the release of an explorer travel infographic showcasing the world of adventure travel. With the recent addition of extreme sports insurance coverage to Atlas Travel Health Insurance policies, HCCMIS reported it is launching a content campaign highlighting the many adventure travel experiences open to their…

CNA Hires New Underwriting Consulting Director [Professional Services Close – Up]

June 27, 2012

CNA, the National Program Underwriter for the American Institute of Certified Public Accountants Member Insurance Program, announced it has appointed Clyde Takahashi Underwriting Consulting Director for its accountants professional liability insurance program. With a focus on accountants E&O business, Takahashi will oversee CNA’s clients in…

A.M. Best Withdraws Ratings of Young America Insurance Company [Health & Beauty Close – Up]

June 27, 2012

Concurrently, A.M. Best has withdrawn the ratings as the company has requested to no longer participate in A.M. Best’s interactive rating process. Loya does not participate in A.M. Best’s interactive rating process. Therefore, Young America’s ratings and outlook are based on the most recent financial data available to A.M. Best at year-end 2011 and the…

Fitch Affirms Blue Cross of Idaho’s IFS at ‘A-‘ [Health & Beauty Close – Up]

June 27, 2012

Fitch noted its rating on BCID reflects the company’s excellent competitive position in the Idaho health insurance market, strong balance sheet, and good operating performance. BCID’s primary business is selling health insurance products and services in the state of Idaho under the Blue Cross trademark. Fitch views the company’s right to use the Blue Cross…

A.M. Best Affirms Ratings of Continental Heritage Insurance Company and Revises Outlook to Negative [Health & Beauty Close – Up]

June 27, 2012

The negative outlook reflects A.M. Best’s concerns regarding CHIC’s planned growth strategy and the uncertainty surrounding the potential strain on capital. While management has pledged increased capital support during 2012, A.M. Best remains somewhat concerned over the potential for volatility and growth to further strain capital resources in the…

Special Report: Storm of Money: The weird world of insurance wind pools, and South Carolina’s vulnerability to the global reinsurance industry [The Post and Courier, Charleston, S.C.]

June 26, 2012

June 24– Every year, about 47,000 property owners on the coast of South Carolina pay millions of dollars to a special insurance organization that funnels nearly all of this money to a group of super-wealthy companies in Bermuda, Switzerland and other far-flung locales. Florida’s wind pool, Citizens Property Insurance Corp., insures 1.4 million properties and…

It’s Too Late to Buy Travel Insurance for Tropical Storm Debby, Squaremouth Warns

June 26, 2012

ST. PETERSBURG, Fla., June 26, 2012/ PRNewswire-iReach/– Travelers heading to the Gulf Coast may be more inclined to purchase travel insurance as Tropical Storm Debby continues to drench Florida, but comparison site Squaremouth.com warns it’s too late to purchase coverage. So travelers who are scrambling to buy travel insurance now will not have coverage for…

Robert DeValle Joins Hub International as Northern California Employee Benefits Consultancy Practice Leader

June 26, 2012

  Mountain View, CA – June, 2012 – Hub International Insurance Services, Inc. (Hub), a leading international Insurance Brokerage, announced today…

White Mountains Solutions to Acquire Two Subsidiaries of American General

June 26, 2012

White Mountains Solutions Holding Company, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. and the group’s specialist runoff acquisition operation, announced today that it had entered into a definitive agreement with American International Group, Inc. to acquire American General Indemnity Company and American General Property…

Winnie Barefoot [Capital (Annapolis, MD)]

June 26, 2012

I think the city might want to consider offering Winnie Barefoot the director of development position– it’s obvious she has some kind of huge talent for separating financial professionals and government representatives from their respective organization’s money and other assets. Let’s see, she defrauds banks, Social Security, and multiple insurers of…

DYNAMIC MATERIALS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

June 26, 2012

Mr. Longe, 53, will also become a member of the Board on that date. From March, 2011 until agreeing to join the Company, Mr. Longe served as an executive of Sonoco, Inc., first as President of Sonoco’s Thermo Safe business from March 2011 to March 2012 and then from March to July 2012 as a Vice President and General Manager with Sonoco’s Protective Packaging Division.

A.M. Best Affirms Ratings of Employers Reassurance Corporation and Union Fidelity Life Insurance Company

June 26, 2012

A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit ratings of“ a-” of Employers Reassurance Corporation and Union Fidelity Life Insurance Company. Over the last five years, the ERAC group has received $2.8 billion in capital contributions. A.M. Best believes that the ERAC group is well positioned at its current rating level.

Alaska Medicaid settles HIPAA security case for $1,700,000

June 26, 2012

The Alaska Department of Health and Social Services, the state Medicaid agency, has agreed to pay the U.S. Department of Health and Human Services’ $1,700,000 to settle possible violations of the Health Insurance Portability and Accountability Act of 1996 Security Rule. Alaska DHSS has also agreed to take corrective action to properly safeguard the…

Fitch Affirms Phoenix Companies’ Ratings; Maintains Positive Outlook on Holding Company

June 26, 2012

PNX’s debt servicing capabilities improved substantially in 2011, and GAAP coverage continued to strengthen in the first quarter of 2012. GAAP EBIT coverage was 3.1 x and 2.5 times as of March 31, 2012 and Dec. 31, 2011 respectively compared to about 0.6 x in 2010. Statutory interest coverage is 3.6 x in 2012 based on maximum dividend capacity of $72 million in…

Alaska Medicaid settles HIPAA security case for $1,700,000

June 26, 2012

Alaska Medicaid settles HIPAA security case for $1,700,000. The Alaska Department of Health and Social Services, the state Medicaid agency, has agreed to pay the U.S. Department of Health and Human Services’ $1,700,000 to settle possible violations of the Health Insurance Portability and Accountability Act of 1996 Security Rule. Alaska DHSS has also agreed…

TMG Health Holds Client Forum

June 26, 2012

TMG Health, the leading national provider of expert solutions for government sponsored health plans, recently held their second annual Client Forum in Chicago. “It is TMG Health’ s mission to arm our Clients with the latest industry information and to provide the technology and services that they need to be competitive in today’s evolving health care…

14th Annual Crawford Contractor Connection(SM) Conference Attracts 2,500

June 26, 2012

More than 2,500 contractors, insurance carrier representatives and service provider partners attended the recent Crawford Contractor Connection Conference, setting another attendance record for the popular invitation-only educational and networking event despite interruption by a gas explosion and evacuation. This year’s event, whose theme was “…

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