Digital50.com Category: Insurance

Don't Wait for the Election to Plan Your Long-Term Healthcare, Insurance Leader Advises

Thu, 15 May 2008 18:29:00 0500

KIRKLAND, Wash., May 15 PRNewswire-USNewswire — Will the next President introduce healthcare reform? "Probably," says Cameron Truesdell, CEO of one of the nation's most experienced long term care insurance agencies, LTC Financial...

GAINSCO Reports 1st Quarter 2008 Results

Thu, 15 May 2008 17:11:00 0500

DALLAS, May 15 PRNewswire-FirstCall — GAINSCO, INC. (Amex: GAN) today announced net income for the first quarter 2008 of $0.2 million, or $0.01 per common share, basic and diluted. This compares to first quarter...

Consumer Watchdog Raises Concern That Health Policy Cancellation Rules Have Been Derailed in Deal With Kaiser

Thu, 15 May 2008 17:08:57 0500

Sees Improvement But is Concerned About Loss of Legal Remedies

SANTA MONICA, Calif., May 15 PRNewswire-USNewswire — A settlement with Kaiser Permanente over more than 1,000 patients whose health coverage was...

XL Capital Ltd to Present at Lehman Brothers Financial Services Conference on May 20, 2008

Thu, 15 May 2008 17:02:00 0500

HAMILTON, Bermuda, May 15 PRNewswire-FirstCall — XL Capital Ltd (NYSE: XL) ("XL" or the "Company") announced today that Mr. David Duclos, XL's Chief Executive of Insurance Operations, is scheduled to present at the Lehman...

Physicians Charge Health Insurer Merger Not In The Public Interest

Thu, 15 May 2008 16:11:50 0500

Department of Justice's enforcement action in Sierra acquisition was inadequate and should be rejected

WASHINGTON, May 15 PRNewswire-USNewswire — The American Medical Association, Nevada State...

40|86 Strategic Income Fund Declares Dividend

Thu, 15 May 2008 16:05:00 0500

CARMEL, Ind., May 15 PRNewswire-FirstCall — 40|86 Strategic Income Fund (NYSE: CFD) declared a dividend of $0.070 per share, payable June 6, 2008 to holders of record at the close of business on May 30...

Aon Capital Markets Places Parametric Index Japanese Earthquake Catastrophe Bond

Thu, 15 May 2008 16:00:00 0500

CHICAGO, May 15 PRNewswire-FirstCall — Aon Corporation (NYSE: AOC) today announced that Aon Re Global's investment banking group, Aon Capital Markets, successfully completed the private placement of $300 million of principal...

MGIC Investment Shareholders Re-elect Directors, Approve Goals Under 2002 Stock Incentive Plan and Bonus Plan and Ratify Independent Accountants for 2008

Thu, 15 May 2008 15:35:00 0500

MILWAUKEE, May 15 PRNewswire-FirstCall — MGIC Investment Corporation's (NYSE: MTG) shareholders today re-elected four directors who each will serve three-year terms on the company's Board of Directors. Shareholders elected the following...

Kingsway announces executive appointments and elects non-executive Chairman of the Board

Thu, 15 May 2008 15:31:00 0500

TORONTO, May 15 PRNewswire-FirstCall - (TSX:KFS, NYSE:KFS) Kingsway Financial Services Inc. today announced the following executive changes to create its leadership team, align management responsibilities and formulate Kingsway's strategy for the...

MGIC Promotes Gallas to Senior Vice President - Claims

Thu, 15 May 2008 15:28:00 0500

MILWAUKEE, May 15 PRNewswire-FirstCall — Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Carla Gallas to Senior Vice President...

MGIC Investment Announces Quarterly Dividend of $0.025 Per Share

Thu, 15 May 2008 14:43:00 0500

MILWAUKEE, May 15 PRNewswire-FirstCall — MGIC Investment Corporation's (NYSE: MTG) Board of Directors today declared a quarterly cash dividend of $0.025 per share.

The dividend is payable June 16...

Guardian Survey: Employees Are Confused About Their Health Coverage and Have No Plans for Healthcare in Retirement

Thu, 15 May 2008 12:52:00 0500

NEW YORK, May 15 PRNewswire-USNewswire — According to a recent Guardian survey, women (58%) were more likely than men (47%) to find paying for healthcare premiums and out of pocket costs a challenge. But women (51%) are more likely than men...

Bankers Life and Casualty Company Named Corporate Honoree at Alzheimer's Association Chicago Rita Hayworth Gala

Thu, 15 May 2008 11:53:00 0500

CHICAGO, May 15 PRNewswire — Chicago-based Bankers Life and Casualty Company, a national life and health insurer, has been named the Corporate Honoree at the 21st Annual Alzheimer's Association Rita Hayworth Gala for their...

1.3 Million Plan Memorial Day Travel, Says AAA Travel Survey

Thu, 15 May 2008 11:00:00 0500

DEARBORN, Mich., May 15 PRNewswire — An estimated 1.3 million Michiganians will travel during the upcoming Memorial Day weekend, launching the start of the 2008 summer travel season, says AAA Michigan. According to a national survey...

As America's Aging Adult Population Continues to Grow, Transportation Becomes Key Issue for Senior Drivers and Their Families

Thu, 15 May 2008 09:39:00 0500

BOSTON, May 15 PRNewswire — By 2012, approximately 10,000 Americans will turn 65 every day and by 2030 our overall senior population will reach nearly 71 million (Centers for Disease Control and Prevention and The Merck Company Foundation). As...

Infinity Property and Casualty to Webcast Annual Shareholders' Meeting

Thu, 15 May 2008 09:30:00 0500

BIRMINGHAM, Ala., May 15 PRNewswire-FirstCall — Infinity Property and Casualty Corporation (Nasdaq: IPCC) invites you to listen to the live Internet broadcast of its 2008 Annual Meeting of Shareholders on Tuesday, May 20, 2008 at...

New Employment Practices Liability Policy from Beazley Offers Major Additional Benefits

Thu, 15 May 2008 09:21:00 0500

FARMINGTON, Conn., May 15 PRNewswire — Beazley Group, plc (BEZ.L), a leading insurer of management liability risks, has launched a new employment practices liability (EPL) policy that offers expanded coverage for privacy violations and covers the...

AssetMark Investment Services, Inc. and Genworth Life and Annuity Insurance Company Introduce New Guaranteed Income Annuity for Managed Accounts

Thu, 15 May 2008 09:04:00 0500

RICHMOND, Va., May 15 PRNewswire-FirstCall — AssetMark Investment Services, Inc. and Genworth Life and Annuity Insurance Company today announced the introduction of LifeHarbor(SM), a group guaranteed income annuity product. LifeHarbor helps protect...

PartnerRe Announces Executive Changes in Its Global (Non-U.S.) Operations; Costas Miranthis to be Appointed CEO, PartnerRe Global; Bruno Meyenhofer to be Appointed Chairman, PartnerRe Global

Thu, 15 May 2008 08:35:00 0500

PEMBROKE, Bermuda, May 15 PRNewswire-FirstCall — PartnerRe Ltd. (NYSE: PRE) today announced two executive changes in the PartnerRe Global operations. (PartnerRe Global refers to underwriting operations outside the U.S., and is comprised of the...

IllinoisAutoInsurance.com Helps Find Illinois Auto Insurance Through Local Agents or Online

Thu, 15 May 2008 08:00:00 0500

CHICAGO, May 15 PRNewswire — Residents now have the option of comparing Illinois auto insurance rates through local agents or online. Through a network of hundreds of agents and carriers,

State Farm Practices Suffer Collision With California Class Action Lawsuit

Wed, 14 May 2008 19:37:32 0500

- COMPLAINT AND ATTORNEY INTERVIEW AVAILABLE -

LOS ANGELES, May 14 /PRNewswire-USNewswire/ — A class action lawsuit (Case #CV08-03184), was filed...

Hyland Software to Support ACORD XML Data Standards with OnBase Insurance Solutions

Wed, 14 May 2008 19:19:00 0500

CLEVELAND, May 14 PRNewswire — Hyland Software, developer of the OnBase enterprise content management (ECM) software suite...

Consumer Watchdog Warns HMO Regulator Not to Side With Insurers Over Illegal Coverage Cancellations

Wed, 14 May 2008 18:48:40 0500

Big 5 Health Insurers Named In Cancellation Lawsuits Contributed $804,600 to Governor

SANTA MONICA, Calif., May 14 PRNewswire-USNewswire — Consumer Watchdog today said that according to industry insiders...

LIFE Foundation Launches Lifehappens.org to Help Consumers Make Smart Insurance-Buying Decisions

Wed, 14 May 2008 15:16:00 0500

ARLINGTON, Va., May 14 PRNewswire — Learning about life, health, disability and long-term care insurance just got easier. Today, the nonprofit LIFE Foundation unveiled a significantly enhanced version of its award-winning website and moved it to...

Biodel Inc. to Present at the 2008 Citi Investment Research Global Healthcare Conference on May 22nd 2008

Wed, 14 May 2008 14:00:00 0500

DANBURY, Conn., May 14 PRNewswire-FirstCall — Biodel Inc. (Nasdaq: BIOD) today announced that Gerard Michel, Chief Financial Officer, Vice President of Corporate Development and Treasurer of Biodel, will present a corporate...

Aon Re Global Appoints Peter Phillips Managing Director, Aon Capital Markets

Wed, 14 May 2008 14:00:00 0500

CHICAGO, May 14 PRNewswire-FirstCall — Aon Re Global, the world's largest provider of reinsurance brokerage and integrated capital solutions and a unit of Aon Corporation (NYSE: AOC), today announced the appointment of Peter...

Trumbull Services Announces Addition of Access CoverageCorp

Wed, 14 May 2008 13:59:00 0500

COLUMBIA, S.C., May 14 PRNewswire-FirstCall — Trumbull Services, LLC announces the addition of Access CoverageCorp (ACC) to its corporate family. Access CoverageCorp provides the insurance industry with a real-time web-based new business submission...

Health Care Service Corporation Ranked in Top 10 for Executive Women and for People With Disabilities

Wed, 14 May 2008 13:00:00 0500

CHICAGO, May 14 PRNewswire — Health Care Service Corporation (HCSC), which operates the Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and...

Milliman Says 2008 Medical Cost for 'American Family of Four' Exceeds $15,600

Wed, 14 May 2008 12:00:00 0500

SEATTLE, May 14 PRNewswire — Milliman, Inc., one of the premier global consulting and actuarial firms, announced today that average total medical spending for its "typical American family of four" reached $15,609 in 2008, an increase...

Phoenix Chooses CSC's Insurance Software to Boost Customer Service and Improve Operations

Wed, 14 May 2008 11:00:00 0500

FALLS CHURCH, Va., May 14 PRNewswire — Computer Sciences Corporation (NYSE: CSC) today announced that The Phoenix Companies, Inc. (NYSE: PNX) has licensed CSC's Customer Service Accelerator software to improve customer service for its 650,000...

Beazley Strengthens Professional Liability Team

Wed, 14 May 2008 10:16:00 0500

FARMINGTON, Conn., May 14 PRNewswire-FirstCall — Beazley Group, plc, (BEZ.L) a leading specialist insurer of technology-related professional liability risks, has hired Nicholas Economidis to join its rapidly growing U.S...

The Hanover Insurance Group Moves into Real Estate Insurance Business

Wed, 14 May 2008 10:13:00 0500

WORCESTER, Mass., May 14 PRNewswire-FirstCall — The Hanover Insurance Group, Inc. (NYSE: THG), a leading super regional property and casualty company, today announced Real Estate Advantage, a new insurance program that offers cost-effective and...

Farmers Insurance Group Annual One-Day Challenge: Be a Hero for Babies

Wed, 14 May 2008 09:00:00 0500

Challenge Continues as More Babies Continue to Be Born Too Soon

Insurance Company Teams With March of Dimes to Raise More Than $2 Million in One Day for Stronger, Healthier Babies

ICW Group Turns to SAP for Improved Claims and Billing Processing

Wed, 14 May 2008 09:00:00 0500

LAS VEGAS, May 14 PRNewswire-FirstCall — Demonstrating ongoing success in providing innovative solutions to insurers worldwide, SAP America, Inc., a subsidiary of SAP AG (NYSE: SAP), today announced that ICW Group has selected SAP to support its...

Health Care Reform Channel Just Launched on AISHealth.com

Wed, 14 May 2008 08:00:00 0500

WASHINGTON, May 14 PRNewswire-USNewswire — Atlantic Information Services, Inc. (AIS), publisher of industry-leading Health Plan Week, Report on Medicare Compliance and Drug Benefit News is pleased to announce the launch of a...

ING - Q1 Results Interview With Chairman

Wed, 14 May 2008 02:10:00 0500

LONDON, May 14 PRNewswire-FirstCall — In a video interview ING Chairman Michel Tilmant looks at the first quarter results and how the business is performing considering the current difficult conditions. He also talks about the...

Employers Holdings, Inc. Reports First Quarter Earnings

Tue, 13 May 2008 18:20:00 0500

RENO, Nev., May 13 PRNewswire-FirstCall — Employers Holdings, Inc. ("EHI" or the "Company") (NYSE: EIG) today reported results for the first quarter ended March 31, 2008.

First quarter consolidated net...

Laughing Your Way to Cheaper Auto Insurance Rates

Tue, 13 May 2008 17:30:00 0500

LOS ANGELES, May 13 PRNewswire — It sounds ludicrous at first, but so did Earth Shoes, car phones and kiwi as a garnish.

In keeping with its commitment of promoting driver safety and providing the state's motorists with enhanced...