| HealthMarkets Announces Newest Advisory Panel Members
NORTH RICHLAND HILLS, Texas--(BUSINESS WIRE)--April 2, 2007--HealthMarkets announced today the appointment of two new members to the Company's Regulatory Advisory Panel. Joining the panel are Susan Stead, a former Ohio Department of Insurance Assistant Director who has served in key roles at the National Association of Insurance Commissioners, and former Texas Insurance Commissioner Jose Montemayor. Stead will serve as the panel's chairwoman. HealthMarkets is a leading provider of affordable health and life insurance to the self-employed, individuals and small businesses through its subsidiaries, The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company. Stead and Montemayor join current advisory panel members Tommy Thompson, former Secretary of the U.S.
Japan's regulator punishes non-life insurers
TOKYO, March 14 (Reuters) - Japan's financial regulator on Wednesday punished 10 non-life insurance firms and slapped several with orders to temporarily halt some operations, after they failed to pay medical insurance claims worth nearly $9.5 million. Two units of U.S. insurance firm American International Group Inc. (AIG.N: Quote, Profile, Research) were among those reprimanded. Japanese insurers Tokio Marine & Nichido Fire Insurance Co. Ltd., a unit of Millea Holdings Inc. (8766.T: Quote, Profile, Research), and Nipponkoa Insurance Co. Ltd. (8754.T: Quote, Profile, Research) are prohibited from signing up new customers for certain products during the three months to July 1, the Financial Services Agency said in a statement. They are also prevented from applying for the approval of some new products during the three months to June 14, the FSA said.
Independence Holding Company Announces the Introduction of a New ...
STAMFORD, Conn.--(BUSINESS WIRE)--March 26, 2007--Independence Holding Company (NYSE: IHC) today reported that it is introducing a new one-life dental product to its portfolio of niche health insurance products through its member company GroupLink, Inc. ("GroupLink"). GroupLink, which has over 20 years experience in dental products, will market and administer this benefits program, which is available nationwide and to people of all ages. It is specifically designed for those individuals and families who do not have access to employer-based dental benefits, and affords individuals a choice of plans and a PPO option available at a reduced premium. General agents and brokers will have the ability to market this new product through a link to GroupLink's online system via their own websites, and enroll and bind coverage using an exclusive online enrollment system.
AFX TOP STORIES Global 1605 BST
LONDON (AFX) - Billionaire investor Kirk Kerkorian's Tracinda Corporation said it has sent a letter to DaimlerChryslerAG offering to buy the troubled Chrysler Group for 4.5 bln usd in cash. Tracinda said it would build and strengthen Chrysler as an independent entity by partnering with the United Auto Workers and senior management of Chrysler, and would offer the UAW and Chrysler management the opportunity to participate as equity partners in the transaction. US weekly jobless claims up 11,000 to 321,000, highest in four weeks WASHINGTON (AFX) - The number of people filing new claims for unemployment insurance rose in the latest week to the highest level in a month, the Labor Department said today.
On my way to check out a mine in Hispaniola! (by Sean Brodrick)
Im not going there for rest and relaxation. Instead, Ill be investigating a small mining company. Its exploring a rare spot where gold is literally laying on the ground just waiting to be scooped up! Im in a hurry to see this place in person. Especially since gold looks ready to move past $800 an ounce. More on why in a moment. First, let me tell you about my golden ticket to the Dominican Republic. Lets start with a little background Columbus Leaves a Legacy
Of Gold Mining in Hispaniola In Grabbing Mexican Gold and Silver, I told you how the Spanish conquistadors came to the New World looking for precious metals. Well, that gold rush started with Christopher Columbus, who led his crew west. The second place he landed was the island of Hispaniola his flagship, the Santa Maria, wrecked there on Christmas Eve in 1492.
AFX TOP STORIES Global 0805 BST
LONDON (AFX) - Billionaire investor Kirk Kerkorian's Tracinda Corporation said it has sent a letter to DaimlerChryslerAG offering to buy the troubled Chrysler Group for 4.5 bln usd in cash. Tracinda said it would build and strengthen Chrysler as an independent entity by partnering with the United Auto Workers and senior management of Chrysler, and would offer the UAW and Chrysler management the opportunity to participate as equity partners in the transaction. US weekly jobless claims up 11,000 to 321,000, highest in four weeks WASHINGTON (AFX) - The number of people filing new claims for unemployment insurance rose in the latest week to the highest level in a month, the Labor Department said today. First time claims rose 11,000 to 321,000 in the week ended March 31, slightly more than economists had expected.
Children's health care bill held up in committee
Future health-care coverage for more than 60,000 Mississippi children hinges on a bill now in the hands of a committee in Congress where House and Senate members are to work out differences. But even if the bill eventually passes, funding for the Children's Health Insurance Program in more than a dozen states is still in jeopardy. .
Zach Johnson's stock worth millions
AUGUSTA, Ga. -- They sat down in a conference room and bought Zach Johnson for 500 bucks a share. A doctor, a lawyer, a banker, an engineer, a real estate broker, a few insurance guys and the owner of a janitorial business. They drew up a contract, one that wasn't designed to make anyone rich. They already were rich enough, every one of these 12 investors who were friends and acquaintances of Johnson's father, Dave, and distinguished members of the Elmcrest Country Club in Cedar Rapids, Iowa. Zach Johnson wasn't in the room. They cut a deal with the Drake University golfer, anyway, out of the goodness of their heartland hearts. Lon Feddersen, insurance man, went for four shares at two grand. The most ambitious investor purchased 10 shares at five grand. Up front, everyone was told the agreement would die when Johnson made it to the PGA Tour.
Fidelity National Real Estate Solutions Acquires Realigent's Award ...
JACKSONVILLE, Fla., March 12 /PRNewswire-FirstCall/ -- Fidelity National Real Estate Solutions, a division of Fidelity National Financial, Inc. (NYSE: FNF) , announced today that it has acquired the assets of Realigent, an Irvine, California-based technology company that provides software solutions for real estate professionals. Fidelity National Real Estate Solutions (FNRES) will now own and offer Realigent's industry-leading rDesk(TM), CMA Deluxe, VantagePoint and SearchPoint, as well as HomeSeekers.com, Realigent's established consumer portal for locating properties and REALTORS. According to Fidelity National Real Estate Solutions SVP and General Manager of Broker Agent Products and Data Aggregation, John Hensley, his company's acquisition of Realigent's superior tools for REALTORS(R), brokers and Multiple Listing Services will significantly enhance FNRES' already robust product line up, firmly solidifying the company as the industry's preeminent technology solution provider.
Kids' health coverage in the hands of Congress
Future health-care coverage for more than 60,000 Mississippi children hinges on a bill now in the hands of a committee in Congress where House and Senate members are to work out differences. But even if the bill eventually passes, funding for the Childrens Health Insurance Program in more than a dozen states is still in jeopardy.
The programs funding is wrapped up in controversial House Bill 1591, which would fund military operations in Iraq and Afghanistan through fiscal 2007 but put a deadline for U.S. withdrawal from Iraq. President Bush has said he will veto any bill that puts a timeline on withdrawing U.S. troops.
Under the proposed legislation, $745 million in emergency funding would be shared among 14 states that are facing shortfalls in the Childrens Health Insurance Program, which covers children whose parents cannot afford coverage and are not covered by their employers.
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