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Former Texas Agent Pleads Guilty In $5.4M Fraud

November 23, 2015

TYLER, Texas A 64- year-old former insurance agent has pleaded guilty to wire fraud and money laundering in the Eastern District of Texas, announced U.S. Robert B. Hahn, of Tyler, pleaded guilty to an information charging him with wire fraud and money laundering on Nov. 19, 2015 before U.S. According to information presented in court, from January 2007 to February…

Business transitions

November 23, 2015

Betsy Pakenas, the executive director at Morgan Stanley Wealth Management in Frederick, attended the two-day exclusive Barron's Top Financial Advisors Summit in September in Orlando. A number of Barron's top 100 financial advisers in the U.S. also attended and led seminars at the conference, which took place from Sept. 16 to 18 at the Waldorf- Astoria in Orlando.

Big premium increases foreseen for Medicare drug plan

November 23, 2015

Deductibles are going up, “said Tricia Neuman, a Medicare expert with the nonpartisan Kaiser Family Foundation. The cost for the hepatitis drugs in the Medicare program is expected to be $9.2 billion this year, nearly doubling from 2014. Three out of four adults infected with hepatitis C are baby boomers, the group now entering Medicare.

Ledyard town council approves new teacher contract

November 23, 2015

Nov. 23– LEDYARD– The Town Council unanimously has approved a new three-year contract with the teachers' union, which calls for small raises and a move to a high-deductible health insurance plan. The changes to the health insurance plan involved eliminating the Preferred Provider Organization, or PPO, and BlueCare plans and replacing them with an Anthem…

Lockport firefighters win appeal in dispute over arbitration

November 23, 2015

Nov. 22– LOCKPORT– Because New York State strongly presumes that disputes between governments and public employee unions should not be settled by courts, the Lockport firefighters union is entitled to arbitration on the question of which officers should be eligible to become fire chief. Bryan J. Goldberger, the city's labor attorney, said Saturday that the…

Patriarch Partners Seeks Reorganization of Zohar I Fund

November 22, 2015

Patriarch Partners, LLC today announced that it has filed, through one of its affiliates, an involuntary Chapter 11 petition for Zohar CDO 2003-1, Limited. Patriarch has placed Zohar I into Chapter 11 in order to protect Zohar I and Patriarch from the efforts of MBIA Inc. and MBIA Insurance Corporation, another creditor of Zohar I, to obtain Zohar I’ s assets for…

Everybody's Business: Service offers lifestory video

November 22, 2015

Nov. 22– CAROLINA BEACH– A chance encounter eight years ago led a lifelong salesman to embark on a new business venture designed to help give peace of mind through recording life stories. Scott Betz, who had been working in the insurance industry, made a pit stop at a convenience store in Wilmington where he met a woman with her small child. The toddler, he learned, never…

Rise in ACA premiums forces NC residents to seek cheaper options

November 22, 2015

Nov. 22– Linda Hammock of Chapel Hill is about to part with her health insurance, among a growing contingent of North Carolina residents facing soaring costs and seeking alternatives to the Affordable Care Act. Hammock is currently on a Blue Cross and Blue Shield policy that's costing her $650 a month, yet she has been to the doctor just once this year and to the…

ACA Mandate Buries Small Businesses In Paperwork

November 22, 2015

Nov. 22– Morris Black and Sons doesn't have a problem with the actual insurance part of the Affordable Care Act's employer mandate. Office manager Deb Levy estimates she'll have to spend about 40 to 60 hours filling out the Internal Revenue Service's 1095- C form for every person employed by the company over the course of the year. Businesses of this size…

Experts Foresee Big Premium Increases For Medicare Drug Plan

November 22, 2015

With time running out on open enrollment season, many seniors are facing sharply higher premiums for Medicare’s popular prescription drug program. The reason: rising drug costs have overtaken a long stretch of stable premiums.

Malone apartment fire displaces 10, injures one

November 21, 2015

Nov. 21– MALONE– A fire at 18 Huntington St. early Saturday displaced 10 residents of a three-story apartment house, injuring one. Malone Fire Chief Paul Langdon said it is believed the fire originated in a second-floor apartment where Lawrence Roy resided. He was then transported by Northern Ambulance Service to Alice Hyde Medical Center, where he was listed in…

Alzheimer’s: A Mental, Financial Toll

November 21, 2015

Nov. 21– Lisa Kiick swears she can still do the same things she was capable of just five years ago. She can go on those 5- mile runs, work a full day, cook a meal and have time to pay the bills after. Her husband, Ed Kiick, has seen that look plenty of times over the past five years.

Update to Aviation Insurance Quote Informational Page Announced by ZANETTE Aviation

November 21, 2015

ZANETTE Aviation, a leading broker of aviation insurance at http://jetinsurance.com/, is proud to announce an informational upgrade to the company's' Aviation Insurance Quote' information request page. Whereas previously the page featured no information for potential clients, the newly upgraded page walks clients through the basic steps of requesting an…

Hawaii Health Connector Out Of Cash, Closing Early

November 21, 2015

“The governor and state cabinet officials, in consultation with Connector leadership, agreed that this transition was in the best interest of Hawaii residents because the state has already transitioned to the federal marketplace– healthcare.gov– for enrollment of individuals during this current open enrollment.” The Connector is a nonprofit organization…

High Times?: Concerns, Risks for CPAs Working with Marijuana Businesses

November 21, 2015

in 1996 California voters passed Proposition 215, also known as the Compassionate Use Act of 1996, which allows patients and their primary caregivers to cultivate or possess marijuana for personal medical treatment with the recommendation of a physician. Under the MMP, qualified patients and their designated caregivers are entitled to “associate within…

Rep. Blackburn Introduces Bill on Eligibility of Medicare to Seniors

November 21, 2015

Marsha Blackburn, R- Tenn., has introduced legislation to amend the Social Security Act ” Medicare eligible seniors by permitting them to elect to receive a voucher for a health savings account, for premiums for a high deductible health insurance plan, or both and by suspending Medicare late enrollment penalties between ages 65 and 70.”. For more information about…

Rep. Meng Introduces Bill on Monthly Old Age Insurance Payments

November 21, 2015

Grace Meng, D- N.Y., has introduced legislation to “adjust the amount of monthly old-age, survivors, and disability insurance payments under title II of the Social Security Act based on locality-based comparability payment rates.” For more information about this legislation, contact Rep. Meng in Washington at 202/ 225-2601; or in the district office at 40-13 159th…

GEICO names Nancy Pierce senior vice president

November 21, 2015

She will continue to have general management responsibilities for GEICO’ s mid- Atlantic regional operations in Fredericksburg and Virginia Beach, Va. Pierce will also oversee the company's commercial and motorcycle operations. In 1996, Pierce was elected assistant vice president of underwriting for mid- Atlantic operations in Fredericksburg, and then…

EDITORIAL: Fresno County hides the truth about Seth Ireland's death

November 21, 2015

Nov. 20– After 10- year-old Seth Ireland died in 2009 following a savage beating by his mother's boyfriend, Fresno County officials promised that the public would learn the truth about what happened. Just as he was a bright and popular fifth-grader who had many friends at Columbia Elementary School in Fresno before LeBaron Vaughn repeatedly punched, kicked and…

Pagination

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