http://insurancenewsnet.com/news.aspx?type=newswiresInsuranceNewsNet.com Newswires recent articles.60http://insurancenewsnet.com/Glenn-NeashamGlenn A. Neasham was convicted of felony theft from an elder on Oct. 21 in California Superior Court. In 2008, he sold an Allianz MasterDex 10 to an 83-year-old woman who was later said to have dementia.Fri, 18 May 2012 17:09:57 GMThttp://insurancenewsnet.com/article.aspx?id=343103&type=newswiresWASHINGTON-- Credit rating service Moody's on Friday upgraded its ratings on health insurer Amerigroup based on strong first-quarter earnings and the recent repayment of $260 million in debt. Amerigroup manages publically funded health programs like Medicaid, the state-federal program that provides coverage for the needy and disabled.Fri, 18 May 2012 17:04:43 GMThttp://insurancenewsnet.com/article.aspx?id=343100&type=newswiresOnline Insurance Marketplace, a family life insurance company where individuals can purchase no medical exam life insurance, has announced that they created tips for people who want to buy life insurance for their families on their site. "We want to educate the public about the importance of buying life insurance," said Russell Rabichev, Marketing Director for...Fri, 18 May 2012 17:00:30 GMThttp://insurancenewsnet.com/article.aspx?id=343099&type=newswiresOn May 16, 2012, First Trinity Financial Corporation decided that First Trinity Capital Corporation, its wholly-owned subsidiary specializing in the production of premium financing contracts for property and casualty insurance, will not accept new premium financing contracts after June 30, 2012. The Company's wholly owned life and annuity insurance...Fri, 18 May 2012 16:51:09 GMThttp://insurancenewsnet.com/article.aspx?id=343098&type=newswiresBelleville, IL May 18, 2012. As they begin to navigate the workforce, young workers should focus on planning for long-term financial security, including a potential disability, according to Allsup, a nationwide provider of Social Security Disability Insurance representation and Medicare plan selection services. Young workers may not realize that part of...Fri, 18 May 2012 16:51:02 GMThttp://insurancenewsnet.com/article.aspx?id=343097&type=newswiresA.M. Best Co. has downgraded the financial strength rating to C++ from B and issuer credit rating to“ b” from“ bb” of Gramercy Insurance Company. GIC intends to exit its Louisiana based non-standard auto line effective August 31, 2012, along with possibly non-renewing unprofitable portions of its trucking line. The company previously placed 100% quota share...Fri, 18 May 2012 16:43:15 GMThttp://insurancenewsnet.com/article.aspx?id=343096&type=newswiresOn May 15, 2012, Protective Life Corporation, a Delaware corporation, entered into a purchase agreement with Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner& Smith Incorporated, Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein, for the issuance and sale by Protective of $250...Fri, 18 May 2012 16:11:48 GMThttp://insurancenewsnet.com/article.aspx?id=343095&type=newswiresA.M. Best Co. has affirmed the financial strength rating of A- and issuer credit ratings of“ a-” of Premera Blue Cross and its subsidiaries, LifeWise Assurance Company and LifeWise Health Plan of Washington. The outlook for these ratings is stable. A.M. Best also has revised the outlook to stable from negative and affirmed the FSR of A- and ICR of“ a-” of LifeWise Health...Fri, 18 May 2012 15:22:53 GMThttp://insurancenewsnet.com/article.aspx?id=343094&type=newswiresA.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of“ a-” of Ardellis Insurance Ltd.. The outlook for both ratings is stable. The ratings of Ardellis reflect its conservative underwriting leverage, strong level of capitalization and profitable operating results driven by its excellent underwriting performance.Fri, 18 May 2012 14:59:43 GMThttp://insurancenewsnet.com/article.aspx?id=343093&type=newswiresOn May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and...Fri, 18 May 2012 14:54:57 GMThttp://insurancenewsnet.com/article.aspx?id=343092&type=newswiresMay 18-- Nearly three weeks after baseball-sized hail pelted St. Louis neighborhoods, smashing windshields and puncturing roofs, residents have filed tens of thousands of claims. The area's two largest insurers alone-- together controlling 33 percent of the auto insurance market and 42 percent of the homeowner's market-- have fielded about 60,000 claims,...Fri, 18 May 2012 14:38:42 GMThttp://insurancenewsnet.com/article.aspx?id=343091&type=newswires"We all agree that controlling health care costs is critical, but this flawed measure will do nothing to address the underlying costs driving health care premiums and will ultimately limit patients' access to care," said Don Crane, President and CEO, California Association of Physician Groups. " said Allan Zaremberg, President, California Chamber of Commerce.Fri, 18 May 2012 14:31:20 GMThttp://insurancenewsnet.com/article.aspx?id=343090&type=newswiresInsurance Commissioner Dave Jones joined the advocates to drop off 240,000 signatures at the Los Angeles County Registrar Recorder in Norwalk. "Health insurance premiums in California have increased over the last decade five times faster than inflation because health insurance companies don't have to justify their rates or get approval before raising...Fri, 18 May 2012 14:15:21 GMThttp://insurancenewsnet.com/article.aspx?id=343089&type=newswiresPrices for health insurance at all 16 UNC- system campuses will increase as the program deals with new federal regulations and costs from the high level of medical claims made by students across the system. This is the first time the prices of the system-sponsored program will be uniform since 2010, when the UNC- system Board of Governors began requiring all...Fri, 18 May 2012 14:05:33 GMThttp://insurancenewsnet.com/article.aspx?id=343088&type=newswiresEVENT: The Griffith Insurance Education Foundation holds a seminar on "The Basic Principles of Health Insurance," for staff of the Financial Services, Banking, Energy& Commerce and other interested Congressional staff. PARTICIPANTS: Rob Drennan Jr., associate professor of risk management and insurance at the Fox School of Business and Management at Temple...Fri, 18 May 2012 14:01:12 GMThttp://insurancenewsnet.com/article.aspx?id=343087&type=newswiresA.M. Best Co. has affirmed the financial strength rating of A and downgraded the issuer credit ratings to“ a” from“ a+” of State Automobile Mutual Insurance Company and its operating subsidiaries. Concurrently, A.M. Best has downgraded the ICR to“ bbb” from“ bbb+” and the debt rating to“ bbb” from“ bbb+” on $100 million of 6.25% senior unsecured notes due 2013, issued by State...Fri, 18 May 2012 13:57:43 GMThttp://insurancenewsnet.com/article.aspx?id=343085&type=newswiresSUMMARY: This quarterly notice lists CMS manual instructions, substantive and interpretive regulations, and other Federal Register notices that were published from January through March 2012, relating to the Medicare and Medicaid programs and other programs administered by CMS. Among other things, the Centers for Medicare& Medicaid Services is...Fri, 18 May 2012 13:51:13 GMThttp://insurancenewsnet.com/article.aspx?id=343084&type=newswiresSUMMARY: This rule identifies communities where the sale of flood insurance has been authorized under the National Flood Insurance Program that are scheduled for suspension on the effective dates listed within this rule because of noncompliance with the floodplain management requirements of the program. If the Federal Emergency Management Agency...Fri, 18 May 2012 13:51:01 GMThttp://insurancenewsnet.com/article.aspx?id=343086&type=newswiresA bill would uphold free-market protections by making health insurance companies legally accountable for collusion schemes to fix prices, divide up markets and restrict choice...Fri, 18 May 2012 13:51:00 GMThttp://insurancenewsnet.com/article.aspx?id=343083&type=newswiresWomen have guided our country toward prosperity and progress, and our Nation's success depends on their well-being. While women often play a leading role in making medical decisions for their families, their own health care needs have too often gone unmet. My Administration has fought to make preventive care accessible to all.Fri, 18 May 2012 13:50:37 GMThttp://insurancenewsnet.com/article.aspx?id=343082&type=newswiresMay 18-- PROVIDENCE, R.I.-- A broker offered Blue Cross& Blue Shield of Rhode Island an opportunity to buy tax credits from Curt Schilling's struggling 38 Studios video-game company, the non-profit health insurer said Friday. But Blue Cross said it turned the offer down. She did not immediately respond to inquiries about who approached the company, or why the offer...Fri, 18 May 2012 13:50:34 GMT