Oct. 28– KINGSTON– The president of Luzerne County Transportation Authority's insurance provider has assured the authority board that fraudulent claims filed by a former branch manager did not contribute to the authority's rising insurance costs. Chuck Volpe, Excalibur Insurance Management Services president, told the board on Tuesday that over $260,000…
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Doug LaMalfa expressed concern for lack of mental health services in rural areas and threw in his support for a bill that would address mental health issues during a speech Wednesday morning to the House of Representatives. The Congressman also noted that there is a shortage of psychiatrists in the county, with only one for 4,000 mental health patients in…
CEDAR FALLS– The job of an at-large City Council member “is to represent all the citizens of Cedar Falls, and that is not currently being done,” Tyler Trunnell said. “I have had a number of citizens who value my leadership skills and the decision process I use in representing Cedar Falls. Those items include downtown flood levee work, reconstruction of West First…
Moody’ s Analytics, a leader in risk measurement and management, today announced that Meiji Yasuda, a leading Japanese life insurer, has selected Moody’ s Analytics’ RiskIntegrity™ Proxy Generator and Economic Scenario Generator to help them more effectively manage their economic capital. “Moody’ s Analytics provides advanced economic scenario generation and…
_ Horace Mann Educators Corp. on Wednesday reported third-quarter earnings of $21.9 million. On a per-share basis, the Springfield, Illinois- based company said it had net income of 52 cents. Access a Zacks stock report on HMN at http://www.zacks.com/ap/HMN.
Release No: NR-411-15 October 28, 2015. These premiums are adjusted on an annual basis and go into effect Jan. 1, 2016. For 2016, the monthly premium for TYA Prime is $306 per month, and TYA Standard is $228 per month.
TINTON FALLS, N.J., Oct. 28, 2015/ PRNewswire-iReach/– World Insurance Associates LLC, a fast-growing independent insurance agency headquartered in Tinton Falls, NJ, today announced it has appointed Cathy Saporito as Senior Vice President, Head of Personal Lines. Cathy Saporito joins World Insurance Associates LLC from AIG, where she was a Senior Business…
If you're one of the 59 million Americans collecting Social Security, the government's announcement earlier this month that you won't be getting a cost-of-living raise next year must have been a disappointment. But there are some variables you can control to make the most out of your Social Security benefits. Before deciding when to begin drawing Social…
SANTA MONICA, Calif., Oct. 28, 2015/ PRNewswire-USNewswire/– California is the only state in the nation where auto insurance premiums, in real dollars, are lower today than they were 27 years ago when the voters approved insurance reform Proposition 103. Still, California auto insurance companies earn higher profits than the national average, and the market ranks…
WASHINGTON, Oct. 28, 2015/ PRNewswire-USNewswire/– A new study in the Annals of Internal Medicine highlights the crushing financial burden that dementia is placing both on American families and Medicare, the federal insurance program for the elderly. The study looked at Medicare fee-for-service beneficiaries, aged 70 years or older, who died between 2005 and…
Meridian is the only multi-state plan in the nation to receive an overall rating of 4 out of 5 for all three Medicaid HMO products: Meridian Health Plan of Michigan, Meridian Health Plan of Illinois and Meridian Health Plan of Iowa. Meridian Health Plan of Michigan was rated #9 and Meridian Health Plan of Illinois #10. To award the top 10 Medicaid health insurance…
A.M. Best has affirmed the financial strength rating of B+ and the issuer credit rating of“ bbb-” of Guaranty Income Life Insurance Company. A.M. Best anticipates that GILICO will maintain an adequate risk-adjusted capitalization level and that financial leverage will be reduced due to the separation of GILICO from its current ultimate parent, Guaranty…
Oct. 28– John McComas, the head of AlohaCare, will retire in the second quarter of 2016 after 20 years with the health insurer. “Being part of a larger mission to serve Hawaii's Medicare and Medicaid populations by providing quality health plans and services, and touching the lives of others with the values of AlohaCare was definitely rewarding.”
Paul Ryan, R- Wis., on Oct. 23, 2015. H.R. 961, reported by the Committee on Ways and Means, provides a permanent exception from subpart F for active financing income. H.R. 961 was introduced on February 12, 2015, and was referred to the Committee on Ways and Means.
WASHINGTON, Oct. 28– The House Ways and Means Committee issued a report on legislation to amend the Internal Revenue Code of 1986 to repeal the amendments made by the Patient Protection and Affordable Care Act that disqualify expenses for over-the-counter drugs under health savings accounts and health flexible spending arrangements.
Ashurst reported the vehicle was upside-down in a ditch on the side of the road. Smith said that Ashurst was able to free the toddler, who was partially ejected– its hands were pinned under the roof of the car. Ashurst reported that the toddler was unrestrained in the passenger seat when the crash happened.
EL CAMPO, Texas, Oct. 28, 2015/ PRNewswire-USNewswire/– Residents of Prairie Village, a retirement community serving the area's low-income seniors in El Campo, Texas, are enjoying an upgrade to their community. Prairie Village is owned and operated by National Church Residences, a Columbus, Ohio- based, not-for-profit organization specializing in senior housing,…
In this A.M. BestTV episode from day three of the Property Casualty Insurers Association of America conference in Hollywood, FL, insurers are adopting new systems and strategies to mirror customer centric focuses, many of which were pioneered in other industries. Jim Wallace, incoming chairman, PCIAA, and head of GuideOne, predicts that,“ there is going to be a real…
Activist investor Carl Icahn urged American International Group Inc. to split up into smaller companies, saying that the insurance provider is “too big to succeed.”
