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Thomas Spray-Fry Named to the 2016 Financial Times 401 Top Financial Advisers

September 29, 2016

Heritage Financial Consultants, a preeminent Mid-Atlantic wealth management firm providing comprehensive financial services, today announced that Thomas Spray-Fry, CFP ®, ChFC ®, CLU ®, CRPC ® has been named to Financial Times’ list of Top 401 Financial Advisers. Spray-Fry, a Financial Planner at Heritage Financial Consultants, specializes in…

Updating your estate plan: When and what you should review

September 29, 2016

An estate plan has three objectives. The first goal is to preserve your accumulated wealth. The second goal is to express who will receive your assets after your death.

More Than 1/3 Of U.S. Will Have No Health Exchange Plan Competition In 2017

September 29, 2016

Experts from Avalere, a Washington, D.C. based health-care consulting firm, predict that more than one-third of the country will have no health-insurance exchange plan competition in 2017, leaving consumers with few options for coverage. A new analysis from Avalere finds that nearly 36 percent of Affordable Care Act exchange-market-rating regions may…

LIMRA: Nearly 5 Million More U.S. Households Have Life Insurance Coverage

September 29, 2016

–According to LIMRA’s 2016 Trends in Life Insurance Ownership study, there are nearly 5 million more U.S. households that have life insurance coverage, compared to 2010.. “It is certainly good news that so many more families have some form of life insurance than did in 2010, and that the downward trend of overall life insurance ownership has stabilized,” said…

Peak Hurricane Season Poised to Increase Risk of Flooding This Fall

September 29, 2016

“Whether residents live on the coast or hundreds of miles inland, hurricanes and tropical storms pose significant risk,” said David Maurstad, assistant administrator for federal insurance at the Federal Emergency Management Agency. FEMA and the Insurance Information Institute offer three steps to help residents prepare. Step 1: Know Your Risk— Everyone Lives…

Insurer Clashes With Hospitals On Cost Of Care

September 29, 2016

The long-simmering dispute over New Jersey’s high charges for out-of-network hospital care spilled into federal court this week, when three Hudson County hospitals known for some of the highest prices in the nation sued the state’s largest health insurer, alleging the company owed them more than $76 million. CarePoint Health’s hospitals– Bayonne Medical…

Vertafore Reveals the Top 25 Disruptors, Recognizes the Most Influential and Innovative People in InsurTech

September 29, 2016

The list is being released in advance of Vertafore’s second annual virtual conference, DISRUPT16. “Disruption is hitting the insurance industry more rapidly than ever, and much of the success InsurTech has achieved in 2016 can be attributed to the efforts of these 25 individuals,” said Bruce Winterburn, VP of industry relations at Vertafore.

Prudential’s Amy Kessler: Innovation continues in the global management of pension and longevity risk

September 29, 2016

Today, at the internationally renowned Longevity 12 conference, Prudential’s Amy Kessler will discuss the pressing need for the retirement industry to continue to innovate to support the risk management needs of pension funds and insurers in our graying society. Kessler is senior vice president and head of Longevity Risk Transfer at Prudential Financial,…

Insurity Named to Tech Top 40 List for Second Year in a Row

September 29, 2016

Insurity, Inc., an industry leading provider of core insurance processing, data and analytics solutions and services, is pleased to announce the Connecticut Technology Council and Marcum LLP has named Insurity to their list of fastest growing technology companies in Connecticut. Insurity was honored alongside 39 other companies at an awards ceremony held…

Sen. Warner, Rep. Neal Introduce Legislation to Close Foreign Reinsurance Tax Loophole

September 29, 2016

Richard E. Neal, a member of the House Ways and Means Committee, introduced legislation to close the affiliate reinsurance tax loophole, which currently allows foreign insurance groups to shift their U.S. reserves into low or no tax jurisdictions overseas through the use of related-party reinsurance transactions, thereby avoiding U.S. tax on their…

Cassidy Secures Down Payment for LA Flood Victims

September 29, 2016

WASHINGTON– US Senator Bill Cassidy, MD applauded the passage of the Continuing Resolution and the flood relief aid included in the bill. The CR includes a $500 million down payment to help people affected by this year’s flooding in Louisiana and in other areas. Dr. Cassidy released the following statement:.

Brown Highlights New Legislation to Reduce Health Care Costs for Seniors, Improve Medicare Coverage

September 29, 2016

Sherrod Brown today highlighted new legislation he cosponsored that would help make Medicare more affordable and make it easier for seniors and Ohioans with disabilities to use. “Medicare remains a lifeline for millions of Americans, but it is time to update Medicare to ensure that the next generation of Americans entering the program have a secure…

Reps. Royce and Blumenauer Introduce NFIP Reforms to Save Taxpayer Money

September 29, 2016

Today, U.S. Representatives Ed Royce and Earl Blumenauer introduced H.R. 6196, the Repeatedly Flooded Communities Preparation Act. As of January 2016, there were more than 150,000 structures around the country classified as ” Repetitive Loss Properties” by the Federal Emergency Management Agency. The NFIP is more than $23 billion in debt to the U.S. Treasury and…

Former Employee of Rhode Island Pain Clinic Charged in Connection with Fraudulent Billing Scheme

September 29, 2016

BOSTON– A former employee of a pain management clinic was charged today in U.S. District Court in Boston in connection with a scheme to falsify patient medical records in order to obtain payments from the Medicare program and commercial insurance companies. As alleged in the indictment, Aboshady was a medical resident in Massachusetts and Rhode Island,…

Software Testing and Risk Management Experts Phil Lew & Moss Drake to Present Workshop at 34th Annual PNSQC

September 29, 2016

XBOSoft CEO Phil Lew and Moss Drake of Dentist Management Corporation join forces at the 34th Annual Pacific Northwest Software Quality Conference to deliver a workshop on Agile software project risk management. The conference will be held October 17-19, 2016, at the World Trade Center Portland in Portland, OR.. One of seven workshops featured in this year’s…

Allsup Presents Web Event on Finances for Individuals Living with Chronic Illness and Disabilities

September 29, 2016

Allsup, a nationwide Social Security Disability Insurance representation company, will host the web event, ” True Help Claiming Power to Improve Your Finances,” on Thursday, Oct. 20, from noon to 1:30 p.m. CST. Patient advocates and resource experts from the National Stroke Association, the Colon Cancer Alliance, Caregiver Action Network and Allsup will provide…

Repayment by VA of Educational Loans for Certain Psychiatrists

September 29, 2016

SUMMARY: The Department of Veterans Affairs is adding to its medical regulations a program for the repayment of educational loans for certain psychiatrists who agree to a period of obligated service with VA. This program is intended to increase the pool of qualified VA psychiatrists and increase veterans’ access to mental health care. VA will publish a…

Insurers Urge Genetic Testing For High-Risk Women

September 29, 2016

Health care providers and insurers agree that it’s in everyone’s best interest to refer women for genetic testing if their family history of breast or ovarian cancer puts them at higher risk. What they don’t agree on is what should happen before testing, specifically whether women need to be advised by a certified genetic counselor or someone with similar…

Figo Pet Insurance wins the SMA Innovation in Action Award at the annual SMA Summit

September 29, 2016

Insuresoft, a leading insurance transaction processing solution provider for property and casualty insurance carriers, is thrilled to announce our client Figo Pet Insurance, was presented the SMA Innovation in Action Award during the annual SMA Summit at the Mandarin Oriental Hotel in Boston. Figo Pet Insurance was awarded for their unique approach to the…

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