| First Floridian drops 40000
First Floridian Auto and Home Insurance Co. is in the process of notifying thousands of Floridians that their homeowners policies will not be renewed, the most recent insurer to significantly reduce its business in Florida. Around 40,000 of the 97,000 policyholders covered by First Floridian, a subsidiary of The Travelers Cos. Inc. (NYSE: TRV, $52.79), have been slated to be dropped, according to people familiar with the company's plans. .
Insurers killing health coverages for associations
A major source of health insurance for people who work for themselves is disappearing, casting thousands of contractors, freelancers and solo practitioners into the ranks of the uninsured with little hope of obtaining new coverage.
Health plans offered by professional associations were once havens for millions of people who couldn't get coverage anywhere else. But as medical costs have soared, groups representing professions as varied as law and golf have been forced to stop offering the benefit or been dropped by insurers.
More than 8,000 people with coverage through the California Assn. of Realtors could be next if Blue Shield of California succeeds with its plan to cancel the group's health coverage.
"It's a real stab in the heart," said Marcy Garber, 62, an Encino real estate agent whose history of breast cancer makes her an almost-certain reject if she seeks similar coverage on her own.
Allstate to revive vacant call center
CROSS PLAINS -- Nearly two years after Lands' End closed a telephone center here -- eliminating some 375 full- and part-time jobs -- a replacement employer has been found. Gov. Jim Doyle announced today that Allstate Insurance would be moving in and potentially bringing some 200 jobs back to Dane County. Allstate will receive up to $750,000 in state tax credits to establish an Express Claims Office in Cross Plains. The new office could create more than 200 jobs by 2008, Doyle said. "Wisconsin has always been home to some of the greatest workers, the greatest universities and the greatest companies in the world," Doyle told those gathered for the event. "It's a real pleasure to welcome a great company like Allstate to Wisconsin." Allstate said it will be retrofitting the 35,500-square-foot building interior with new furniture and furnishings.
Allstate Insurance Appoints Sari Macrie As VP, Corporate Relations ...
(RTTNews) - Allstate Insurance (ALL | charts | news | PowerRating) said it has appointed Sari Macrie as vice president of corporate relations. In this role, Macrie will oversee internal and external strategic communications for the enterprise. Macrie is replacing Peter Debreceny, who is retiring from Allstate after nine years with the company and more than 35 years in the public relations field. Macrie joins Allstate with more than 20 years of financial and strategic communications experience both as a corporate officer and a consultant. Macrie has been the senior vice president of Corporate Communications at Cardinal Health and the vice president of Investor Relations at Ameritech. Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved .
Cross Plains residents pleased
CROSS PLAINS - After sitting dark for nearly two years, the building that once housed a Lands' End call center was buzzing Wednesday morning with smiles, applause and optimism as local and state leaders welcomed an insurance giant to this village of 3,000. With a construction crew toiling in the background to update the building, Gov. Jim Doyle said that Allstate Insurance Co. will soon fill the space with its own call center and about 200 jobs while receiving up to $750,000 in state tax credits. "I know this community well and you are going to find the best, hardest-working people," Doyle told Allstate representatives. "The Department of Commerce worked hard to help the community find a new use for this facility." Leo Fansler, Allstate assistant vice president for claims, said the planned Cross Plains office, which will be one of eight Allstate express-claims call centers in the United States, will help the company achieve its goal of providing the best customer service in the insurance industry.
SullivanCurtisMonroe Insurance Services, LLC Announces New Owners
SullivanCurtisMonroe Insurance Services, one of the largest, privately held insurance agencies in California, announced today it has five new owners. The new owners, who have joined William Curtis and John Monroe, currently hold managerial or senior vice president positions within SullivanCurtisMonroe. Irvine, Calif. (PRWeb) April 9, 2007 -- SullivanCurtisMonroe Insurance Services, LLC, one of the largest, privately held insurance agencies in California, announced today it has five new owners. The new owners, who have joined William Curtis and John Monroe, currently hold managerial or senior vice president positions within SullivanCurtisMonroe. (www.sullivancurtismonroe.com) "Our new owners, whose average age is 43 years old, bring vitality and passion to help grow SullivanCurtisMonroe in the decades ahead.
City budget to take hit from health-care costs
Knoxville Mayor Bill Haslam began his annual departmental budget hearings Monday with another year's dire prediction of double-digit percentage increases in employee health-care costs. The city's current fiscal year budget includes about $9.7 million for health care. Finance officials estimate that could climb by as much as 15 percent, compared to a nearly 13 percent increase last year. .
Be thankful friend to American farmer
Note to all Americans: The American farmer is not your enemy; he is not taking your hard-earned tax dollar illegally nor under false pretenses. The American farmer is one of the best friends that citizens of this free country have. And, by the way, he/she is one of the most efficient producers of food in the world. The American farmer is not greedy. He only asks for a fair price, and for a fair competition field in this so-called world market he finds himself captured by. There aren't many in the world who will put in long, long days and nights, operate at the mercy of Mother Nature, buy everything at retail prices and sell everything at wholesale prices. The American farmer usually has to ask his buyers: What will you give me? This humorous story making the rounds on the Internet about farmers illustrates just how things go for our American farmers.
BRETT GILLILAND APPOINTED NEW MANAGING DIRECTOR OF NORTHWESTERN ...
April 9, 2007 -- Brett Gilliland has been appointed to Managing Director of The Gilliland Financial Group by Northwestern Mutual in Glen Carbon, IL.
Since 2001, Gilliland has been associated with Northwestern Mutual. As Managing Director, he will continue to be part of a network of specialists offering a wide array of products. His duties/responsibilities will include recruiting and training Financial Representatives, managing the office and selling financial service products. He will provide expert guidance and innovative solutions for a variety of financial needs and goals.
As a member of The Million Dollar Round Table Gilliland has earned the Pacesetter 40 award.
Gilliland received a Bachelors of Arts degree in Communications from Eastern Illinois University in 2001.
A new insurance worry
It must not have shocked Floridians to read that another segment of the insurance industry treats payment of claims as a side business. On Monday, in a story that also appeared in The Post, The New York Times reported on complaints by policyholders that their long-term care insurer isn't living up to its end of the contract. Americans have filed thousands of complaints. Among them: After a request from a policyholder, a company sent the wrong form, then denied the claim because of a paperwork problem. .
State Supreme Court: Accepts Three New Cases
Madison, Wis. (March 23, 2007) - The Wisconsin Supreme Court has voted to accept three new cases. The Court also acted to deny review in a number of cases. The case numbers, issues, and counties of origin are listed below. Court of Appeals opinions/certification memos that are available online for the newly accepted cases are hyperlinked. 2005AP1063 Eichenseer v. Madison-Dane Co. Tavern League This antitrust case is about a ban on drink specials in Madison. Two UW-Madison students and another plaintiff allege that 24 campus-area taverns and the Madison-Dane County Tavern League engaged in an illegal conspiracy in restraint of trade by voluntarily agreeing to limit drink specials on Friday and Saturday nights after 8.
General insurers may cut share of TPA business
MUMBAI: With big names in the insurance industry buying equity interest in third party administrators (TPAs), general insurance companies are planning to withdraw their business from them.
This could blow a Rs 500-700 crore hole in revenues of TPAs like Paramount, Family Health Plan and Medi Assist say experts. A third party administrator works on behalf of an insurance company to manage claims and customers.
Sources said United India and National Insurance have sent out circulars to these TPAs informing them of their decision.
Others like New India Assurance, Oriental Insurance and private players like ICICI Lombard and Iffco Tokio are also expected to follow suit.
At present, TPAs earn over 75% of their business from the public sector companies, with the balance coming from private players.
|
