In a time of financial turmoil, the insurance industry faces an unprecedented opportunity to begin selling on value and not on price, Joe Plumeri, Chairman and CEO of Willis Group Holdings the global insurance broker, told delegates at Insurance Day’s Summit Bermuda here. Delivering the keynote address at today’s event, Plumeri said that the [...]
The board of directors of U.S. Bancorp has declared a quarterly dividend of $0.05 per common share, payable July 15, 2009, to shareholders of record at the close of business on June 30, 2009. At this quarterly dividend rate, the annual dividend is equivalent to $0.20 per common share.
In other actions, the board of directors [...]
After delivering custom third party administration (TPA) solutions to an impressive client base for more than two decades, Crawford & Company announced today that its United Kingdom TPA operation is now Broadspire, a Crawford company. This exciting step in the continuing evolution of Broadspire globalizes the well-respected Broadspire name and provides clients with international [...]
ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.
The [...]
Maiden Holdings, Ltd. that the Company will be participating in the 2009 Fox-Pitt Kelton Cochran Caronia Waller (FPK) Small & Mid-Cap Bank and Insurance Conference being held on June 18, 2009. The Conference will be held at the Roosevelt Hotel New York, located in mid-town Manhattan.
Maiden President and CEO Art Raschbaum is scheduled to present [...]
Assurant Employee Benefits, a national carrier of life and disability insurance and dental coverage, today announces the formation of a new Administrative Services department in Seattle, Wa.
The new department was formed with the acquisition of certain capabilities, technology assets, and employees of a Seattle-based Third Party Administrator (TPA), Administrative Systems, Inc., with which the company [...]
Collaboration within the health care system and administrative efficiencies are fundamental elements to any number of today’s health care reform proposals in Washington, DC. New tools from Highmark to conduct real-time claims processing and real-time member liability estimation are driving collaboration and streamlining medical claims processing right in health care provider offices.
Real-time claims processing and [...]
Fire season is here, and with dry weather comes the threat of wildfires. That is why Farmers Insurance and FireSafe Montana will conduct a first-ever press conference in front of the State Capital on June 18, 2009 at 10:00 a.m. to announce Fire Prevention Week in Montana.
“The purpose of the Fire Prevention Week is to [...]
H&R Block, Inc.announced that Charles Elliott “C. E.” Andrews has been named president of its wholly owned business services subsidiary, RSM McGladrey, effective June 29, 2009. He joins the Company after most recently serving as President of SLM Corporation (”Sallie Mae”) following a 29-year career with Arthur Andersen
“We are pleased that C. E. Andrews is [...]
Empire BlueCross BlueShield (Empire) announced approval by the New York Department of Insurance to begin offering Life and Disability insurance as part of their broad benefit portfolio. Available through the New York-based affiliate, Anthem Life & Disability Insurance Company, this addition makes Empire a leading information resource and one-stop shop for medical, pharmacy, dental, vision, [...]
