InsureMe Hires Industry Veteran : Lou Geremia to Join Insurance Lead Provider
InsureMe, Inc., a Bankrate company, announced today that Lou Geremia has joined the company as chief revenue officer. Mr. Geremia will be responsible for overseeing InsureMe’s sales and marketing efforts and will report to InsureMe’s CEO, Tim McTavish. Mr. Geremia’s appointment was effective in May. - 2008-07-02
Great Doctors Produce Great Results (Healthcare Underwriters Group Mutual of Ohio Pays A Cash Dividend): -- Healthcare Underwriters Group Mutual of Ohio Pays Its First Cash Distribution to Its Insured Owners
Healthcare Underwriters Group Mutual of Ohio (HUOH), the only medical liability insurance company operating in Ohio that is owned and governed exclusively by Ohio physicians, announced today that it will make its first cash distribution to its policyholders. This action was approved by the Board of Directors after the company achieved outstanding loss results for the 2004 and 2005 policy years, closing both years without a single paid loss. - 2008-07-01
Russell to Plan Sponsors: Use a New Evaluation Framework to Differentiate Among Target Date Funds -- Traditional Approaches Fall Significantly Short
Russell Investments released a paper to assist plan sponsors who, on the heels of the Pension Protection Act, are increasingly evaluating and selecting target date funds for their defined contribution plans. The paper outlines twelve observations about target date funds that highlight for plan sponsors how traditional fund evaluation approaches fall short as these investment vehicles can look the same on the surface but differ dramatically, and significantly, underneath. - 2008-07-01
Progress Marks 10-Year Anniversary of First Court-Order Statutes for the Sale of Structured Settlements : Successful alignment of the interests of consumers and business under the judiciary's review and oversight, J.G. Wentworth says
Ten years after the first court-order statutes governing the sale of structured settlements went into place, the result has been a remarkable success for consumers, according to J.G. Wentworth. - 2008-06-30
Study Reveals Women Who Proactively Manage Their Finances Are Healthier and Happier : Highlights health benefits for men and women of managing financial and emotional stress amid economic slowdown
Women looking to improve their health and happiness may want to review their portfolio before revving up the treadmill. A new study commissioned by financial security company Northwestern Mutual, in partnership with LLuminari, a national network of evidence-based health experts, indicates that women who actively take control of their finances are healthier and happier than those who don’t. - 2008-06-25
InsureMe Earns Spot on ``Best Places to Work'' List : Local Colorado Company Selected for Third Straight Year
InsureMe, an Englewood-based insurance lead generator, was selected today as one of the nation’s top 25 places to work. - 2008-06-23
Business Development and Sales Solutions for Insurance Agents: The Soft Insurance Market is Tough, but Competition from Professional Employer Organizations (PEOs) and Outsourced HR Services are the Real Threat
“There is a fundamental shift occurring in the small, mid-sized employer market today,” said James A. Schlueter, President of the Total HR Network (www.totalhrnet.com). Speaking to a group of insurance agents and brokers in Southern California, he said, “Insurance agents and brokers are searching for ways to deal with deteriorating commissions and increased competition in this soft market. Unfortunately, most of the sales strategies in the media advising the agents/brokers how to respond to the soft market environment are missing a vital point. It’s not about you; it’s about your customer. - 2008-06-23
A New National Agent Network Launched to Help Producers Deal with Profit Erosion Caused by Soft Insurance Market and Competition From PEO's
The Total HR Network (www.totalhrnet.com), a new vehicle to assist local insurance agents, CPA’s and other business consultants deal with the intense competitive pressures and profit erosion caused by the continuing soft market and the growing encroachment of PEO’s on markets traditionally held by local business advisors and insurance agents was launched in June. - 2008-06-18
RLI Creates New Fidelity Division
RLI Corp. (NYSE:RLI) - RLI announces the creation of its newest product group, RLI Fidelity, which will focus on financial fidelity and commercial crime insurance products. The new division will be based in New York City, and will be led by Mike Beranek, a 17-year veteran of the insurance industry, as Vice President. Beranek will be joined by 25-year veteran Joe Prystupa, as Assistant Vice President. - 2008-06-17
Newport Builds New Data Center as Its Business Expands
The Newport Group, a national provider of retirement plans, executive benefits and investment advisory services, announced that recent and anticipated company growth has led it to build a new state-of-the-art data center—an expansion of the secure computer area that houses the firm’s core systems, networking and telecommunications equipment. - 2008-06-11
Willis Group Holdings and Hilb Rogal & Hobbs Agree to Combine in $2.1 Billion Transaction Aimed at Accelerating Growth and Increasing Client Value
Doubles Willis North America Revenues and Strengthens Leadership in Attractive Growth Markets More Than Doubles Willis’s High-Growth Employee Benefits Business in North America; Adds Depth and Breadth to Other Key Practice Areas Strengthens Willis’s Middle Market Leadership and Reinforces Large Account Presence Purchase Price is 2.4x Estimated 2008 Revenues, Less Than 10x Estimated 2008 EBITDA Immediately Accretive to Willis Cash EPS; Accretive to GAAP EPS from Year Two - 2008-06-08
Seyfarth Shaw Welcomes Jonathan P. Wolfert to New York Office as Partner in the Firm's Commercial Litigation Practice Group
Seyfarth Shaw LLP, one of America’s leading full-service law firms, today announced that Jonathan P. Wolfert has joined the firm’s New York office as a partner in its Commercial Litigation Practice Group. Wolfert had been a partner at Kaplan Thomashauer & Landau LLP. - 2008-06-03
Aon Automates Sales Lead Generation Globally to Improve Business Performance : -- IBM Cognos 8 BI delivers consistent enterprise reporting and analysis, fully integrated with salesforce.com data --
Cognos, an IBM company and the world leader in business intelligence and performance management, has announced that Aon, the leading provider of global risk management and consulting services, has chosen to implement IBM Cognos 8 BI for Salesforce. - 2008-05-30
Storm Exchange Names John Owen to Board of Directors : Former JetBlue CFO Brings Decades of Financial Management Experience and Valuable Airline Industry Insight to Weather Risk Firm
Storm Exchange, Inc., a market leader in weather-risk management services, today announced the appointment of John Owen to its board of directors. Owen has extensive airline industry experience in the low cost airline sector as a senior finance executive at both JetBlue Airways and Southwest Airlines. He will be a key financial advisor to Storm Exchange as it grows its business in weather-sensitive industries, such as travel, agriculture, energy, retail, construction and outdoor entertainment. - 2008-05-27
Leading Human Resources Company CoAdvantage Enlists Portfolio of ASO Clients
CoAdvantage, a leading provider of end-to-end human resource solutions, announced today that it has acquired a portion of Gevity’s Administrative Service Offering (ASO) clients. The new business will increase CoAdvantage’s Human Resources Outsourcing (HRO) business by up to 15 percent. Gevity, which in February announced its exit from the ASO market to focus on its core Professional Employer Organization (PEO) business, recommended CoAdvantage to its former clients. - 2008-05-23
Got Illiquid Financial Assets? Finding Out How To Sell Them Just Got Easier at jgwentworth.com : Revamping of company website and new marketing campaigns generate consumer awareness of liquidity options for annuities, life policies and structured settlements
Specialty finance company J.G. Wentworth is making it easier for consumers to sell their illiquid financial assets by providing detailed information on its website (www.jgwentworth.com) to educate them and their financial advisors on the options available for selling illiquid financial assets like annuities, life insurance policies and structured settlements. - 2008-05-22
Insurer FM Global Makes Its Premium Risk Prevention Data Available at No Cost for First Time in 170 Years : Release of unique source of property protection information reflects changing global risk environment
For the first time in its 170-year history, FM Global, one of the world’s largest commercial and industrial property insurers, today announced its decision to release thousands of pages of its previously exclusive property loss prevention engineering guidelines at no cost through its Web site www.fmglobaldatasheets.com. - 2008-05-20
Almost All Americans Believe They Are Safe Drivers, Yet Almost Three-Quarters Guilty of Distracted Driving, Finds Survey from Nationwide Insurance : 90 Percent of Drivers Believe DWD – Driving While Distracted – Will Only Increase in Future Generations
Nationwide Insurance today released its second annual DWD (Driving While Distracted) study, which found that, while 98 percent of Americans claim to be safe drivers, a vast majority also admit to DWD. More than four out of five cell-phone owners are guilty of talking on their phones while driving, and nearly three-quarters (72 percent) of all drivers admit to partaking in some form of distracting behavior while driving, from cell phone use to eating. Further, almost 80 percent have been in a vehicle with distracted drivers and more than 40 percent have been hit or almost hit by another driver who was talking on a cell phone while driving. - 2008-05-18
Civil Service Employees Insurance Group's Financial Strength Rating Upgraded by A.M. Best : Best Report Cites CSE's Significantly Improved Operating Earnings During Past Five Years
Civil Service Employees Insurance Group (“CSE”) today announced that A.M. Best Co. has upgraded the financial strength rating of CSE and its members to A- (Excellent) from B++ (Good). - 2008-05-12
Consult2Comply To Help Global Organizations Respond To Increasing Compliance Concerns: Compliance Professionals Create New Service Organization to
Address Global Compliance Issues; Announce Key Services and Software
Products
Consult2Comply, world leaders in the compliance industry, today announced its official corporate launch to provide services aimed at helping businesses make sense of compliance issues. Consult2Comply also announced the availability of two key software products to support compliance-industry and risk-assessment professionals in achieving adherence to the many regulations, standards and best-practice requirements around the world today. - 2008-05-06
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