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Archive | May, 2012
Industry groups seek delay in Medicare payer rules
WASHINGTON—Two property/casualty insurance industry groups and a self-insurance group asked the U.S. government Friday to delay implementation of mandatory Medicare secondary payer reporting requirements.
The requirements that are to go into effect April 1 are designed to ensure that Medicare remains the secondary payer when a Medicare beneficiary has medical expenses …
AIG Insurance Units’ Risk Misunderstood By Treasury: NAIC
WASHINGTON—State regulators have told Congress the Treasury’s assessment of how American International Group holding company problems could have impacted AIG’s ability to pay insurance claims is wrong.
In a letter to lawmakers the National Association of Insurance Commissioners said that American International Group’s difficulties at holding company levels would not have …
Allstate Denies Agents’ Group Claim It Plans To Cut 3,300
Allstate is denying a charge by an agent group that it has a goal of eliminating more than 3,000 agents in three-to-five years.
Jim Fish, executive director for the National Association of Professional Allstate Agents (NAPAA), said an internal company memo laying out the company’s strategy to grow its business in …
Property/casualty rates fall 4% in January
U.S. commercial property/casualty insurance rates declined an average of 4% in January compared with those of a year earlier, MarketScout said Friday.
“While the composite rate remained at minus 4%, we noted rates for service, public entities and energy decreased further, with public entities moving from a minus 3% to minus …
Blue Cross Claim That 39% Premium Hikes Due Only to ‘Escalating Cost of Health Care’ Trigger Calls for Regulation of Rates
Consumer Watchdog Also Warns Against Insurer-favored ‘Cost Solution’: Selling Policies That Amount To ‘A Cardboard Box to Replace Our Apartment”WASHINGTON, Feb. 9 /PRNewswire-USNewswire/ — Blue Cross…
Infinity Property and Casualty Corporation Increases Dividend 16.7%
BIRMINGHAM, Ala., Feb. 9 /PRNewswire-FirstCall/ — Infinity Property and Casualty Corporation (Nasdaq: IPCC) announced today that it declared a quarterly dividend of $0.14 per share of Infinity Proper…
Allstate Selects San Antonio for 600 New Jobs ; New Customer Information Center Marks $11 Million Investment in Texas
SAN ANTONIO, Feb. 9 /PRNewswire-FirstCall/ — Allstate Insurance Company is launching a massive recruiting effort in Texas following the announcement it will open an $11.6 million customer information…
Allstate Selects San Antonio for 600 New Jobs ; New Customer Information Center Marks $11 Million Investment in Texas
SAN ANTONIO, Feb. 9 /PRNewswire-FirstCall/ — Allstate Insurance Company is launching a massive recruiting effort in Texas following the announcement it will open an $11.6 million customer information…
Help Wanted, Miami: Seeking a Friendly Hard-Worker Who Has a Passion for Insurance to ˜Help Flo’
As tricked-out name tags, retro hair styles, and “I Heart Insurance” buttons sweep the nation, Floridians have the chance to compete for a spot alongside Progressive’s helpful insurance expert, Flo,…
Help Wanted, Miami: Seeking a Friendly Hard-Worker Who Has a Passion for Insurance to ˜Help Flo’
As tricked-out name tags, retro hair styles, and “I Heart Insurance” buttons sweep the nation, Floridians have the chance to compete for a spot alongside Progressive’s helpful insurance expert, Flo,…