Thomas C. Ramey and Wilhelm Zeller Appointed Independent Directors of AXIS Capital Board

July 14th, 2009

AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of Directors. [...]

Health Net Federal Services Statement on TRICARE Award Announcement

July 14th, 2009

Health Net Federal Services, LLC, the government operations division of Health Net, Inc. released the following statement today in response to the Department of Defense’s release of the TRICARE contract awards:
“Health Net Federal Services is disappointed not to be selected by TRICARE Management Activity (TMA) for the Managed Care Support Contractor in the TRICARE North [...]

ICW Group Insurance Now Offers Workers’ Compensation in Illinois

July 10th, 2009

ICW Group Insurance Companies, which partners with 3,800 agents and brokers across the United States, is now offering workers’ compensation insurance in the state of Illinois.
The super-regional carrier’s industry-leading claims services and forward-thinking risk management has helped thousands of companies create a safe and productive work environment, while lowering the costs associated with workers’ compensation [...]

First Horizon Msaver Named 2009 Model Healthcare Bank by Celent

July 10th, 2009

First Horizon Msaver has received the 2009 Model Bank Award in Healthcare Banking from Celent, a Boston-based financial research and consulting firm.
First Horizon Msaver was named a model healthcare bank for its Employer Funding Portal, which is used by employers to deposit employee payroll deductions and employer contributions into individual health savings accounts (HSAs).
The [...]

CS STARS Announces Strategic Alliance with Gould & Lamb to Deliver Solution for MMSEA Section 111 Mandatory Reporting

July 10th, 2009

CS STARS LLC, the industry’s leading provider of risk management technology, announced that it has formed a strategic alliance with Gould & Lamb, a nationally acclaimed provider of Medicare Secondary Payer (MSP) compliance services and Mandatory Insurer Reporting (MIR) compliance.
Through its strategic alliance with Gould & Lamb, CS STARS now offers an end-to-end solution for [...]

Ward Group Identifies 2009 Ward’s 50 Top Performing Insurance Companies

July 10th, 2009

The list of Ward’s 50 top performing insurance companies was released by Ward Group, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry.
Annually, Ward Group analyzes the financial performance of over 3,100 property-casualty insurance companies and over 800 life-health insurance companies domiciled in the United States and [...]

ProAssurance Earns Ward’s 50 Recognition for a Third Consecutive Year

July 10th, 2009

PRNewswire For the third straight year, ProAssurance Corporation has been recognized by The Ward Group as one of the 50 top performing property/casualty insurance companies in America.
The Ward Group identified the best performing property-casualty insurance companies in America by analyzing the financial performance of more than 3,000 insurance companies during the years 2004 to [...]

Fitch Removes Flagstone Re from Rating Watch; Affirms Ratings

July 10th, 2009

Fitch Ratings has affirmed its ratings on Flagstone Reinsurance Holdings, Ltd. and subsidiaries (collectively Flagstone) and removed the ratings from Rating Watch Negative. The Rating Outlook is Stable. (A full list of ratings is included at the end of this release.)
Fitch’s rating actions reflects its view that Flagstone is no longer actively pursuing the [...]

Hughes Insurance Support ‘Redlined’ Newry Motorists Who Are Refused Motor Insurance

July 10th, 2009

Hughes Insurance, the largest independent broker for car insurance in Northern Ireland, has recorded a number of incidents where motorists have had their insurance policy renewal declined by their existing provider. The incidents indicate that certain insurance providers are ‘redlining’ specific areas in Northern Ireland – including Newry.
‘Redlining’ is the practice of denying services, such [...]

Staveley Head: Young Drivers Give Insurance Companies a Headache

July 10th, 2009

Drivers under 21 are frequently horrified by the huge premiums quoted by insurance companies when they buy their first car. A 17 year old male driver will pay up to nine times more than a 25 year old to insure a similar car, in the same post code area; and fourteen times more than a [...]